Jul 22, 2011
Reuters reported that Basic Energy (NYSE:BAS) says it continues to evaluate acquisitions on a daily basis and there are several purchases in the final stages.
The company says it hopes to make some announcements of acquisitions in the $10M-$30M range in the next few weeks.
Basic Energy Services (NYSE:BAS) has a potential upside of 12% based on a current price of $34.4 and an average consensus analyst price target of $38.53.
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