Eco-Stim Energy Solutions Inc (ESES) Posts Earnings Results, Misses Expectations By $0.07 EPS
Eco-Stim Energy Solutions Inc (NASDAQ:ESES) posted its earnings results on Monday. The company reported ($0.35) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.28) by $0.07. The firm earned $2.12 million during the quarter, compared to analyst estimates of $3.18 million.
Eco-Stim Energy Solutions (NASDAQ:ESES) opened at 1.80 on Tuesday. The firm’s market cap is $24.56 million. Eco-Stim Energy Solutions has a 12 month low of $1.45 and a 12 month high of $4.30. The company has a 50-day moving average price of $1.94 and a 200 day moving average price of $2.37.
In other Eco-Stim Energy Solutions news, major shareholder Argentina Opportunit Bienville bought 20,000 shares of Eco-Stim Energy Solutions stock in a transaction that occurred on Wednesday, August 17th. The stock was purchased at an average cost of $2.40 per share, for a total transaction of $48,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
A number of hedge funds have recently modified their holdings of ESES. Geneva Advisors LLC boosted its stake 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 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.
ESES has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Eco-Stim Energy Solutions from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. Seaport Global Securities reiterated a “buy” rating on shares of Eco-Stim Energy Solutions in a research report on Friday, August 19th. Finally, Credit Suisse Group AG initiated coverage on Eco-Stim Energy Solutions in a research report on Monday, July 18th. They set an “outperform” rating and a $5.00 target price on the stock. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Eco-Stim Energy Solutions presently has a consensus rating of “Buy” and a consensus target price of $4.80.
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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