Shares of Eco-Stim Energy Solutions Inc (NASDAQ:ESES) have earned a consensus rating of “Buy” from the seven ratings firms that are covering the company. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $5.40.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Eco-Stim Energy Solutions from a “hold” rating to a “sell” rating in a report on Thursday, August 18th. Credit Suisse Group AG assumed coverage on shares of Eco-Stim Energy Solutions in a report on Monday, July 18th. They issued an “outperform” rating and a $5.00 price target for the company. Finally, Seaport Global Securities reissued a “buy” rating on shares of Eco-Stim Energy Solutions in a report on Friday, August 19th.
Eco-Stim Energy Solutions (NASDAQ:ESES) opened at 2.02 on Thursday. The company’s market capitalization is $27.56 million. Eco-Stim Energy Solutions has a 12-month low of $1.88 and a 12-month high of $5.45. The firm’s 50-day moving average price is $2.20 and its 200 day moving average price is $2.50.
Eco-Stim Energy Solutions (NASDAQ:ESES) last released its earnings results on Monday, August 15th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by $0.01. The business had revenue of $2.34 million for the quarter, compared to analysts’ expectations of $3.32 million. On average, equities research analysts expect that Eco-Stim Energy Solutions will post ($1.08) EPS for the current fiscal year.
In related news, major shareholder Argentina Opportunit Bienville bought 38,683 shares of Eco-Stim Energy Solutions stock in a transaction that occurred on Tuesday, September 13th. The stock was purchased at an average cost of $2.08 per share, with a total value of $80,460.64. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
A number of institutional investors have recently made changes to their positions in ESES. Geneva Advisors LLC raised its position in shares of 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 last quarter. Vanguard Group Inc. raised its position in shares of 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 last quarter. Bienville Capital Management LLC raised its position in shares of 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 last quarter. Finally, Emancipation Management LLC raised its position in shares of 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 last quarter.
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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