Eco-Stim Energy Solutions Inc (NASDAQ:ESES) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

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. “

Separately, FBR & Co reiterated a “buy” rating and set a $1.85 price target on shares of Eco-Stim Energy Solutions in a research report on Monday, March 20th.

Shares of Eco-Stim Energy Solutions (NASDAQ:ESES) traded up 0.82% on Monday, reaching $1.23. The company had a trading volume of 52,667 shares. The company’s market capitalization is $18.24 million. Eco-Stim Energy Solutions has a 12 month low of $0.66 and a 12 month high of $3.04. The stock has a 50 day moving average price of $1.20 and a 200-day moving average price of $1.31.

Eco-Stim Energy Solutions (NASDAQ:ESES) last issued its quarterly earnings results on Friday, March 10th. The oil and gas company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.02. Eco-Stim Energy Solutions had a negative return on equity of 58.52% and a negative net margin of 191.67%. The company had revenue of $2.06 million for the quarter, compared to analysts’ expectations of $3.14 million. Analysts forecast that Eco-Stim Energy Solutions will post ($0.71) EPS for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in ESES. Vanguard Group Inc. raised its stake in Eco-Stim Energy Solutions by 475.7% in the first quarter. Vanguard Group Inc. now owns 485,979 shares of the oil and gas company’s stock valued at $569,000 after buying an additional 401,562 shares in the last quarter. Arosa Capital Management LP bought a new stake in Eco-Stim Energy Solutions during the first quarter valued at $293,000. Phoenix Investment Adviser LLC bought a new stake in Eco-Stim Energy Solutions during the first quarter valued at $551,000. Finally, Old West Investment Management LLC bought a new stake in Eco-Stim Energy Solutions during the fourth quarter valued at $192,000. 51.51% of the stock is owned by institutional investors and hedge funds.

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.

12 Month Chart for NASDAQ:ESES

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