Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

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. “

Several other analysts also recently commented on the stock. FBR & Co set a $3.00 price target on shares of Eco-Stim Energy Solutions and gave the company a “buy” rating in a research report on Thursday, October 19th. Seaport Global Securities restated a “neutral” rating on shares of Eco-Stim Energy Solutions in a research report on Thursday, July 20th. Credit Suisse Group reduced their price target on shares of Eco-Stim Energy Solutions from $4.00 to $2.50 and set an “outperform” rating for the company in a research report on Monday, August 14th. Finally, B. Riley set a $3.00 price target on shares of Eco-Stim Energy Solutions and gave the company a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Eco-Stim Energy Solutions presently has an average rating of “Hold” and a consensus target price of $2.26.

Eco-Stim Energy Solutions (ESES) remained flat at $$1.37 on Wednesday. The company’s stock had a trading volume of 126,300 shares, compared to its average volume of 298,611. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.85 and a current ratio of 1.03. Eco-Stim Energy Solutions has a twelve month low of $0.66 and a twelve month high of $2.22.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. Bienville Capital Management LLC raised its stake in Eco-Stim Energy Solutions by 107.4% in the third quarter. Bienville Capital Management LLC now owns 6,178,261 shares of the oil and gas company’s stock valued at $9,514,000 after purchasing an additional 3,198,727 shares in the last quarter. B. Riley Financial Inc. purchased a new position in shares of Eco-Stim Energy Solutions during the third quarter worth approximately $143,000. Victory Capital Management Inc. purchased a new position in shares of Eco-Stim Energy Solutions during the third quarter worth approximately $279,000. Vanguard Group Inc. raised its stake in shares of Eco-Stim Energy Solutions by 5.5% during the second quarter. Vanguard Group Inc. now owns 512,551 shares of the oil and gas company’s stock worth $641,000 after acquiring an additional 26,572 shares in the last quarter. Finally, Geneva Advisors LLC raised its stake in shares of Eco-Stim Energy Solutions by 22.6% during the second quarter. Geneva Advisors LLC now owns 97,667 shares of the oil and gas company’s stock worth $122,000 after acquiring an additional 18,000 shares in the last quarter. 50.68% of the stock is currently owned by institutional investors and hedge funds.

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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