Zacks Investment Research Upgrades Eco-Stim Energy Solutions Inc (ESES) to “Hold”
Eco-Stim Energy Solutions Inc (NASDAQ:ESES) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.
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. “
A number of other equities analysts have also issued reports on the company. Credit Suisse Group AG initiated coverage on Eco-Stim Energy Solutions in a report on Monday, July 18th. They issued an “outperform” rating and a $5.00 price objective for the company. Seaport Global Securities reissued a “buy” rating on shares of Eco-Stim Energy Solutions in a report on Friday, August 19th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $5.17.
Eco-Stim Energy Solutions (NASDAQ:ESES) traded down 2.03% during trading on Tuesday, hitting $1.93. The stock had a trading volume of 50,804 shares. Eco-Stim Energy Solutions has a 1-year low of $1.86 and a 1-year high of $5.45. The firm’s 50-day moving average price is $2.17 and its 200-day moving average price is $2.49. The stock’s market cap is $26.33 million.
Eco-Stim Energy Solutions (NASDAQ:ESES) last issued its quarterly earnings data on Monday, August 15th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by $0.01. The company earned $2.34 million during the quarter, compared to analyst estimates of $3.32 million. On average, equities research analysts predict that Eco-Stim Energy Solutions will post ($1.08) earnings per share for the current fiscal year.
In other news, major shareholder Argentina Opportunit Bienville purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock was purchased at an average cost of $2.40 per share, with a total value of $48,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Several large investors have recently added to or reduced their stakes in ESES. Vanguard Group Inc. raised 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 valued at $239,000 after buying an additional 900 shares in the last quarter. Geneva Advisors LLC raised 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 valued at $277,000 after buying an additional 7,279 shares in the last quarter. Emancipation Management LLC raised 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 valued at $1,833,000 after buying an additional 614,094 shares in the last quarter. Finally, Bienville Capital Management LLC raised 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 valued at $7,195,000 after buying an additional 83,538 shares in the last quarter.
Eco-Stim Energy Solutions Company Profile
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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