Eco-Stim Energy Solutions Inc (ESES) Given Average Recommendation of “Buy” by Analysts
Shares of Eco-Stim Energy Solutions Inc (NASDAQ:ESES) have been assigned a consensus rating of “Buy” from the seven ratings firms that are currently covering the company. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $5.40.
Several equities research analysts have issued reports on the company. Zacks Investment Research cut Eco-Stim Energy Solutions from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. Seaport Global Securities reissued a “buy” rating on shares of Eco-Stim Energy Solutions in a research note on Friday, August 19th. 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 target price for the company.
Eco-Stim Energy Solutions (NASDAQ:ESES) traded up 0.0000% during trading on Thursday, reaching $2.0101. The company had a trading volume of 1,350 shares. Eco-Stim Energy Solutions has a 52 week low of $1.88 and a 52 week high of $5.45. The firm’s market capitalization is $27.43 million. The company’s 50-day moving average is $2.23 and its 200 day moving average is $2.50.
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. Equities analysts anticipate that Eco-Stim Energy Solutions will post ($1.08) EPS for the current year.
In other news, major shareholder Argentina Opportunit Bienville acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, August 17th. The stock was acquired at an average cost of $2.40 per share, with a total value of $48,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Large investors have recently modified their holdings of the stock. Emancipation Management LLC boosted its stake 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. 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 during the period. 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 during the period. Finally, 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 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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