Eco-Stim Energy Solutions Inc (NASDAQ:ESES) shares fell 5.4% during trading on Thursday . The company traded as low as $0.64 and last traded at $0.70. 725,093 shares changed hands during mid-day trading, an increase of 585% from the average session volume of 105,789 shares. The stock had previously closed at $0.74.
A number of brokerages recently commented on ESES. ValuEngine upgraded shares of Eco-Stim Energy Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. B. Riley set a $2.00 price target on shares of Eco-Stim Energy Solutions and gave the company a “buy” rating in a research note on Tuesday, May 22nd. Imperial Capital lowered shares of Eco-Stim Energy Solutions from an “outperform” rating to an “in-line” rating and set a $2.00 price target on the stock. in a research note on Wednesday, May 16th. Finally, Zacks Investment Research lowered shares of Eco-Stim Energy Solutions from a “hold” rating to a “sell” rating in a research note on Monday, May 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Eco-Stim Energy Solutions presently has an average rating of “Hold” and an average target price of $2.20.
The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.50 and a current ratio of 0.59. The firm has a market cap of $55.93 million, a PE ratio of -2.85 and a beta of 2.19.
Eco-Stim Energy Solutions (NASDAQ:ESES) last posted its quarterly earnings data on Monday, May 14th. The oil and gas company reported ($0.17) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.11). The business had revenue of $17.78 million during the quarter, compared to the consensus estimate of $24.38 million. Eco-Stim Energy Solutions had a negative net margin of 58.72% and a negative return on equity of 40.56%. equities analysts anticipate that Eco-Stim Energy Solutions Inc will post -0.32 earnings per share for the current year.
A hedge fund recently raised its stake in Eco-Stim Energy Solutions stock. SCP Investment LP raised its holdings in Eco-Stim Energy Solutions Inc (NASDAQ:ESES) by 148.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 497,322 shares of the oil and gas company’s stock after purchasing an additional 297,322 shares during the period. SCP Investment LP owned approximately 0.67% of Eco-Stim Energy Solutions worth $472,000 at the end of the most recent quarter. 85.21% of the stock is owned by institutional investors and hedge funds.
About Eco-Stim Energy Solutions
Eco-Stim Energy Solutions, Inc provides oilfield services in the United States and Argentina. The company offers pressure pumping, coiled tubing, and field management services to the upstream oil and gas industry. Its customers consist primarily of international oil and gas exploration and production companies, including national oil companies, local privately-held exploration and production companies, and other service companies.
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