Eco-Stim Energy Solutions Inc (NASDAQ:ESES) has been assigned an average recommendation of “Buy” from the seven research firms that are covering the company. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $5.40.
A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Eco-Stim Energy Solutions from a “sell” rating to a “hold” rating in a report on Monday, September 26th. Seaport Global Securities reissued a “buy” rating on shares of Eco-Stim Energy Solutions in a report on Friday, August 19th. Finally, 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 target price on the stock.
In other news, major shareholder Argentina Opportunit Bienville purchased 300,000 shares of the company’s stock in a transaction on Thursday, August 18th. The shares were bought at an average price of $2.25 per share, for a total transaction of $675,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geneva Advisors LLC raised its position 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 in the last quarter. Vanguard Group Inc. raised its position 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 in the last quarter. Bienville Capital Management LLC raised its position 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 in the last quarter. Finally, Emancipation Management LLC raised its position 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 in the last quarter.
Eco-Stim Energy Solutions (NASDAQ:ESES) traded up 0.0000% during mid-day trading on Thursday, hitting $2.0101. The stock had a trading volume of 1,350 shares. The company has a 50 day moving average price of $2.23 and a 200 day moving average price of $2.50. The stock’s market cap is $27.43 million. Eco-Stim Energy Solutions has a one year low of $1.88 and a one year high of $5.45.
Eco-Stim Energy Solutions (NASDAQ:ESES) last issued its earnings results on Monday, August 15th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 analysts anticipate that Eco-Stim Energy Solutions will post ($1.08) EPS for the current year.
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.
Receive News & Ratings for Eco-Stim Energy Solutions Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eco-Stim Energy Solutions Inc and related companies with MarketBeat.com's FREE daily email newsletter.