Investopedia: Is Basic Energy Services An Overlooked Stock?

Although oil prices are back in the triple digits, energy investors are not exactly resting easy these days. Not only are investors worried about the extent to which E&P and service companies can shift from gas to oil, but also the potential impact of higher costs on forward margins and returns. While Basic Energy Services (NYSE:BAS) is not a perfect company, it seems to be trading too cheaply relative to its business prospects and financials.

Sluggish Performance to Close the Year  
To be sure, Basic Energy did not make the best case that it's a must-own stock on the basis of its fourth quarter performance. Revenue was up just 2% on a sequential basis, coming in as analysts expected, but offering less domestic growth (and BAS is a U.S.-only story) than major energy service companies like Halliburton (NYSE:HAL), Baker Hughes (NYSE:BHI) and Weatherford (NYSE:WFT). (For related reading, see Peak Oil: What To Do When The Wells Run Dry.)

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