According to Zacks, “Eco-Stim Energy Solutions, Inc. is an oilfield service and technology company. The company provides management technologies, well stimulation and completion services to oil and gas producers. Eco-Stim Energy Solutions, Inc. is based in Houston, Texas. “
ESES has been the topic of a number of other research reports. Seaport Global Securities restated a buy rating on shares of Eco-Stim Energy Solutions in a research note on Friday, August 19th. FBR & Co dropped their price target on Eco-Stim Energy Solutions from $7.00 to $6.00 and set an outperform rating on the stock in a research note on Thursday, May 26th. Finally, Credit Suisse Group AG assumed coverage on Eco-Stim Energy Solutions in a research note on Monday, July 18th. They set an outperform rating and a $5.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $5.17.
Shares of Eco-Stim Energy Solutions (NASDAQ:ESES) opened at 2.27 on Monday. The stock’s market capitalization is $30.97 million. Eco-Stim Energy Solutions has a 12-month low of $1.88 and a 12-month high of $5.45. The company has a 50-day moving average of $2.33 and a 200 day moving average of $2.51.
Eco-Stim Energy Solutions (NASDAQ:ESES) last posted its earnings results on Monday, August 15th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by $0.01. The business earned $2.34 million during the quarter, compared to the consensus estimate of $3.32 million. Analysts predict that Eco-Stim Energy Solutions will post ($1.08) earnings per share for the current year.
In other news, major shareholder Argentina Opportunit Bienville bought 25,451 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The stock was purchased at an average price of $2.12 per share, with a total value of $53,956.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Large investors have recently added to or reduced their stakes in the company. Bienville Capital Management LLC increased its stake in Eco-Stim Energy Solutions by 3.5% in the second quarter. Bienville Capital Management LLC now owns 2,480,926 shares of the company’s stock worth $7,195,000 after buying an additional 83,538 shares during the period. Emancipation Management LLC increased its stake in Eco-Stim Energy Solutions by 3,381.4% in the second quarter. Emancipation Management LLC now owns 632,255 shares of the company’s stock worth $1,833,000 after buying an additional 614,094 shares during the period. Geneva Advisors LLC increased its stake in Eco-Stim Energy Solutions by 8.2% in the second quarter. Geneva Advisors LLC now owns 95,667 shares of the company’s stock worth $277,000 after buying an additional 7,279 shares during the period. Finally, Vanguard Group Inc. increased its stake in Eco-Stim Energy Solutions by 1.1% in the second quarter. Vanguard Group Inc. now owns 82,393 shares of the company’s stock worth $239,000 after buying an additional 900 shares during the period.
About Eco-Stim Energy Solutions
Eco-Stim Energy Solutions, Inc is an oilfield services company. The Company provides well stimulation, coiled tubing and field management services to the upstream oil and gas industry. The Company focuses on the active shale and unconventional oil and natural gas basins outside the United States and it has commenced operations in Argentina.
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