Vmbook Online ordering
Basic Energy Services Inc
Basic Energy Services, Inc. (BAS) is a publicly traded company listed on the USA stock exchange. The company operates in the energy sector, providing a range of services to the oil and natural gas industry. These services include onshore well servicing, fluid handling, and water management services.
Here is some general information about the company, including recent earnings and growth:
Earnings: In its most recent earnings report for the quarter ending September 30, 2021, Basic Energy Services reported a net loss of $12.2 million, or $0.15 per diluted share, compared to a net loss of $18.6 million, or $0.24 per diluted share, in the same period of 2020. The company's revenue for the quarter was $153.1 million, up from $111.1 million in the same period of 2020.
Growth: Over the past year, Basic Energy Services has seen modest growth in its financial performance. For the first nine months of 2021, the company's revenue was $420.5 million, up from $325.1 million in the same period of 2020. However, the company's net loss for the first nine months of 2021 was $35.8 million, or $0.48 per diluted share, compared to a net loss of $51.0 million, or $0.71 per diluted share, in the same period of 2020.
Future Outlook: Looking ahead, Basic Energy Services is well-positioned to continue serving the onshore drilling market, particularly in the Permian Basin and other key US oil and gas plays. The company's focus on delivering safe, efficient, and high-quality services has helped it maintain a strong customer base and position it for future growth. However, the company's success will depend on the overall health of the oil and gas industry and the demand for its services.
It is important to note that the stock market and individual stocks can be volatile, and the performance of BAS and other companies can fluctuate based on a variety of factors. Therefore, it is essential to conduct thorough research and consult with a financial advisor before making any investment decisions.