Basic Energy Services Off 31-Month High on Strong Utilization

Basic Energy Services Off 31-Month High on Strong Utilization



Basic Energy Services (BAS) is up after it said late Thursday utilization at its well servicing segment rose 17 percentage points to 70% for March, while truck hours at the fluid services segment increased 19%. These two units accounted for 60% of the company's revenue in Q4.

Earlier, shares reached a 31-month high of $27.90.