Eco-Stim Energy Solutions Inc (NASDAQ:ESES) – Investment analysts at B. Riley lowered their FY2018 earnings per share estimates for shares of Eco-Stim Energy Solutions in a research report issued on Tuesday. B. Riley analyst T. Curran now expects that the oil and gas company will post earnings per share of $0.07 for the year, down from their previous estimate of $0.18. B. Riley currently has a “Buy” rating and a $3.00 price target on the stock.
ESES has been the topic of several other reports. Imperial Capital assumed coverage on Eco-Stim Energy Solutions in a research note on Thursday, November 30th. They issued an “outperform” rating and a $2.00 price objective on the stock. Zacks Investment Research upgraded Eco-Stim Energy Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, February 20th. Finally, Seaport Global Securities raised Eco-Stim Energy Solutions from a “neutral” rating to a “buy” rating in a report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Eco-Stim Energy Solutions presently has an average rating of “Buy” and a consensus target price of $2.22.
Eco-Stim Energy Solutions (NASDAQ:ESES) remained flat at $$1.20 during mid-day trading on Friday. 6,470 shares of the company traded hands, compared to its average volume of 39,016. Eco-Stim Energy Solutions has a 12 month low of $1.00 and a 12 month high of $1.97. The company has a market capitalization of $86.47, a P/E ratio of -1.38 and a beta of 2.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.50.
Eco-Stim Energy Solutions (NASDAQ:ESES) last released its quarterly earnings data on Friday, March 9th. The oil and gas company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.04). Eco-Stim Energy Solutions had a negative net margin of 61.22% and a negative return on equity of 40.28%. The company had revenue of $19.81 million during the quarter, compared to the consensus estimate of $21.86 million.
Institutional investors and hedge funds have recently made changes to their positions in the company. Bienville Capital Management LLC boosted its holdings in shares of Eco-Stim Energy Solutions by 107.4% in the 3rd quarter. Bienville Capital Management LLC now owns 6,178,261 shares of the oil and gas company’s stock worth $9,514,000 after acquiring an additional 3,198,727 shares in the last quarter. B. Riley Financial Inc. boosted its holdings in shares of Eco-Stim Energy Solutions by 108.1% in the 4th quarter. B. Riley Financial Inc. now owns 193,702 shares of the oil and gas company’s stock worth $244,000 after acquiring an additional 100,627 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of Eco-Stim Energy Solutions in the 3rd quarter worth approximately $279,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Eco-Stim Energy Solutions by 5.5% in the 2nd 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. 84.38% of the stock is currently owned by institutional investors and hedge funds.
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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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