Basic Energy Services, Inc. (BAS) Is At $12.88 Formed Wedge; Enterprise GP Holdings LP (EPE)’s Sentiment Is 0.7

June 12, 2018 - By Shannon Black

Basic Energy Services, Inc. (BAS) formed wedge down with $11.85 target or 8.00% below today’s $12.88 share price. Basic Energy Services, Inc. (BAS) has $340.32M valuation. The stock increased 1.10% or $0.14 during the last trading session, reaching $12.88. About 413,476 shares traded. Basic Energy Services, Inc. (NYSE:BAS) has declined 52.45% since June 12, 2017 and is downtrending. It has underperformed by 65.02% the S&P500. Some Historical BAS News: ; 15/05/2018 – SADARA BASIC SERVICES – NATURAL GASOLINE TO BE USED SOLELY AND EXCLUSIVELY AS FEEDSTOCK FOR STEAM CRACKER OF SADARA PROJECT; 17/04/2018 – BASIC ENERGY SERVICES REPORTS ABL CREDIT LINE BOOST TO $150M; 17/04/2018 – BASIC ENERGY CORP BSC.PS – FY NET LOSS ATTRIBUTABLE 58.1 MLN PESOS VS LOSS OF 75.6 MLN PESOS; 15/05/2018 – Cramer Rosenthal Mcglynn LLC Exits Basic Energy Services; 23/03/2018 – Basic Energy Services Presenting at Conference Mar 28; 07/03/2018 – Basic Energy Services Decided Not to Proceed With Offering of $300 M of Senior Secured Notes; 17/04/2018 – Basic Energy Services Announces ABL Credit Facility Increase to $150 M; 07/03/2018 – WITHDRAWN: BASIC ENERGY SVCS $300M 5NC2 SR SEC NOTES; 21/03/2018 – Report: Developing Opportunities within Roper Technologies, Basic Energy Services, Laboratory Corporation of America, Brown For; 03/05/2018 – BASIC ENERGY SERVICES 1Q REV. $234.7M, EST. $240.0M

Enterprise GP Holdings LP (EPE) investors sentiment decreased to 0.7 in 2018 Q1. It’s down -0.06, from 0.76 in 2017Q4. The ratio fall, as 28 funds started new or increased holdings, while 40 sold and trimmed positions in Enterprise GP Holdings LP. The funds in our database now own: 171.52 million shares, down from 174.98 million shares in 2017Q4. Also, the number of funds holding Enterprise GP Holdings LP in top ten holdings was flat from 2 to 2 for the same number . Sold All: 11 Reduced: 29 Increased: 18 New Position: 10.

Analysts await EP Energy Corporation (NYSE:EPE) to report earnings on August, 1. They expect $-0.04 EPS, up 60.00% or $0.06 from last year’s $-0.1 per share. After $-0.07 actual EPS reported by EP Energy Corporation for the previous quarter, Wall Street now forecasts -42.86% EPS growth.

EP Energy Corporation, an independent exploration and production company, engages in the exploration for and the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States. The company has market cap of $697.79 million. The firm has interests in three primary areas, such as the Eagle Ford Shale located in South Texas; the Wolfcamp Shale located in Permian Basin in West Texas; and the Altamont Field located in the Uinta Basin in Northeastern Utah. It currently has negative earnings. As of December 31, 2016, it had proved reserves of 432.4 million barrels of oil equivalent and had average net daily production of 87,641 barrel of oil equivalent/per day.

Columbia Pacific Advisors Llc holds 2.55% of its portfolio in EP Energy Corporation for 1.47 million shares. Apollo Management Holdings L.P. owns 112.60 million shares or 1.4% of their US portfolio. Moreover, Riverstone Holdings Llc has 1.26% invested in the company for 31.28 million shares. The New York-based King Street Capital Management L.P. has invested 0.47% in the stock. Fir Tree Capital Management Lp, a New York-based fund reported 1.19 million shares.

Ratings analysis reveals 0 of EP Energy’s analysts are positive. Out of 4 Wall Street analysts rating EP Energy, 0 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $4.5 while the high is $5.0. The stock’s average target of $4.75 is 71.48% above today’s ($2.77) share price. EPE was included in 4 notes of analysts from September 13, 2016. The stock has “Neutral” rating by Goldman Sachs on Wednesday, September 21. The firm has “Sell” rating given on Wednesday, January 4 by Citigroup. The firm has “Mkt Perform” rating by FBR Capital given on Tuesday, September 13. As per Thursday, April 13, the company rating was initiated by Stifel Nicolaus.

The stock increased 4.14% or $0.11 during the last trading session, reaching $2.77. About 595,155 shares traded. EP Energy Corporation (EPE) has declined 38.48% since June 12, 2017 and is downtrending. It has underperformed by 51.05% the S&P500. Some Historical EPE News: ; 05/03/2018 Announcement Follows SEC’s Rejection of Sale to Chongqing Casin Enterprise Group, Others; 08/05/2018 – EP ENERGY CORP QTRLY ADJ SHR LOSS $0.07; 15/03/2018 – HK Bourse: Announcement From China Fire Safety Enterprise Group Ltd; 27/03/2018 – SHANGHAI SANMAO ENTERPRISE GROUP 600689.SS SAYS SHARE TRADE TO HALT FROM MARCH 28 AMID UNUSUAL SHARE PRICE MOVEMENTS; 10/04/2018 – Enterprise Group Deploys Proprietary Asset Tracking & Dispatch Software “Star” to Lower Costs and Increase Margins; 25/04/2018 – A.M. Best Affirms Credit Ratings of American Enterprise Group, Inc.’s Subsidiaries; Upgrades Credit Ratings of Great Western Insurance Company; 21/03/2018 – ENTERPRISE GROUP COMMENTS ON EARNINGS IN EMAILED STATEMENT; 21/03/2018 – SHANGHAI ZIJIANG ENTERPRISE GROUP 600210.SS SAYS 2017 NET PROFIT UP 147.8 PCT Y/Y AT 554.8 MLN YUAN; 26/03/2018 – Enterprise Group Completes Sale of Calgary Tunnelling & Horizontal Augering; 08/05/2018 – EP ENERGY SEES FY PRODUCTION 81 TO 87 MBOE/D

Among 21 analysts covering Basic Energy Services (NYSE:BAS), 9 have Buy rating, 1 Sell and 11 Hold. Therefore 43% are positive. Basic Energy Services has $51 highest and $1.50 lowest target. $11.88’s average target is -7.76% below currents $12.88 stock price. Basic Energy Services had 52 analyst reports since August 3, 2015 according to SRatingsIntel. PiperJaffray upgraded Basic Energy Services, Inc. (NYSE:BAS) on Monday, May 7 to “Overweight” rating. The rating was maintained by Piper Jaffray on Thursday, October 12 with “Hold”. The rating was maintained by Piper Jaffray on Sunday, April 1 with “Hold”. The stock of Basic Energy Services, Inc. (NYSE:BAS) has “Hold” rating given on Thursday, November 10 by Deutsche Bank. The firm has “Buy” rating given on Wednesday, January 17 by Seaport Global. The rating was upgraded by Wunderlich to “Hold” on Monday, August 31. The stock has “Neutral” rating by Simmons & Co on Monday, October 26. The rating was downgraded by Tudor Pickering to “Accumulate” on Wednesday, September 9. Seaport Global upgraded Basic Energy Services, Inc. (NYSE:BAS) on Thursday, March 30 to “Buy” rating. Piper Jaffray maintained Basic Energy Services, Inc. (NYSE:BAS) rating on Monday, July 10. Piper Jaffray has “Hold” rating and $26.5000 target.

EP Energy Corporation (NYSE:EPE) Institutional Positions Chart