Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, April 26, 2012

Potential Takeover Candidate? (NYSE: BAS)

Shares of BAS traded higher by 5.23% or $0.74/share to $14.89. NYSE is trading at a price to book ratio of 1.59. The PEG is 0.67 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.42. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 1430170 shares of BAS exchange hands on a given day and today's volume is recorded at 586012. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

Basic Energy Services, Inc. provides a range of well site services to oil and natural gas drilling and producing companies, including well servicing, fluid services and well site construction services, completion and remedial services and contract drilling.