NEW YORK (

TheStreet

) --

Basic Energy Services

(NYSE:

BAS

) hit a new 52-week high Thursday as it traded at $24.33 compared with its previous 52-Week high of $24.32. Basic Energy Services is changing hands at $24.30 with 246,465 shares traded as of 2:16 p.m. ET. Average volume has been 446,700 shares over the past 30 days.

Basic Energy Services has a market cap of $998 million and is part of the

basic materials

sector and

energy

industry. Shares are up 45% year to date as of the close of trading on Wednesday.

Basic Energy Services, Inc. provides a range of well site services to oil and gas drilling and producing companies in the United States.

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TheStreet Ratings rates Basic Energy Services as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including poor profit margins and generally poor debt management. You can view the full

Basic Energy Services Ratings Report

.

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