The S&P 500 is at an all-time high. This stock is at an all-time low.

If you have a position in this stock, I hope that you are short.  Despite the fact that the S&P 500 is trading at all-time highs this piece of garbage is trading at all-time lows and is down -95% in two years as it has fallen from $30 to $1.39 in that time.  Basic Energy Services (BAS) provides well-site services to oil and gas drilling and producing companies.  I'm not sure why but I suppose its because of lower energy prices and the changes in the Fracking Industry.

Despite this Wall Street still loves it and the same highly paid analysts who thought that it was a great investment at $30 because you could get 20% if it went to $36 now love it even more because it will double if it goes from $1.39 to $2.80.  (And yes...these analysts were Bullish throughout the -95% decline over the past two years)

BAS US Equity (Basic Energy Serv 2016-07-14 19-43-22.jpg