Seaport Global Securities Upgrades Eco-Stim Energy Solutions (NASDAQ:ESES) to “Buy”

Seaport Global Securities upgraded shares of Eco-Stim Energy Solutions (NASDAQ:ESES) from a neutral rating to a buy rating in a research report released on Wednesday, December 20th, Marketbeat.com reports. Seaport Global Securities also issued estimates for Eco-Stim Energy Solutions’ FY2018 earnings at $0.07 EPS, Q1 2019 earnings at $0.02 EPS and FY2019 earnings at $0.09 EPS.

ESES has been the subject of several other reports. Zacks Investment Research cut shares of Eco-Stim Energy Solutions from a buy rating to a hold rating in a research report on Tuesday, August 29th. FBR & Co set a $3.00 target price on shares of Eco-Stim Energy Solutions and gave the stock a buy rating in a research note on Thursday, October 19th. B. Riley set a $3.00 target price on shares of Eco-Stim Energy Solutions and gave the stock a buy rating in a research note on Tuesday, November 14th. Finally, Imperial Capital initiated coverage on shares of Eco-Stim Energy Solutions in a research note on Thursday, November 30th. They set an outperform rating and a $2.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $2.22.

Eco-Stim Energy Solutions (NASDAQ ESES) traded up $0.01 on Wednesday, hitting $1.39. 12,560 shares of the stock traded hands, compared to its average volume of 94,156. Eco-Stim Energy Solutions has a 52 week low of $0.70 and a 52 week high of $2.05. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.50. The firm has a market capitalization of $103.62, a PE ratio of -1.29 and a beta of 2.95.

Several institutional investors have recently added to or reduced their stakes in ESES. Bienville Capital Management LLC lifted its stake in shares of 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 buying an additional 3,198,727 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Eco-Stim Energy Solutions in the third quarter valued at about $279,000. B. Riley Financial Inc. purchased a new stake in shares of Eco-Stim Energy Solutions in the third quarter valued at about $143,000. Vanguard Group Inc. raised its holdings in shares of Eco-Stim Energy Solutions by 5.5% in the second quarter. Vanguard Group Inc. now owns 512,551 shares of the oil and gas company’s stock valued at $641,000 after purchasing an additional 26,572 shares during the last quarter. Finally, Geneva Advisors LLC raised its holdings in shares of Eco-Stim Energy Solutions by 22.6% in the second quarter. Geneva Advisors LLC now owns 97,667 shares of the oil and gas company’s stock valued at $122,000 after purchasing an additional 18,000 shares during the last quarter. 84.13% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Eco-Stim Energy Solutions (NASDAQ:ESES)

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