Brokerages Anticipate Eco-Stim Energy Solutions, Inc. (ESES) Will Post Quarterly Sales of $8.06 Million
Analysts expect Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) to report $8.06 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Eco-Stim Energy Solutions’ earnings, with the lowest sales estimate coming in at $7.90 million and the highest estimate coming in at $8.22 million. Eco-Stim Energy Solutions posted sales of $2.34 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 244.4%. The business is scheduled to announce its next earnings report on Monday, August 21st.
On average, analysts expect that Eco-Stim Energy Solutions will report full-year sales of $8.06 million for the current year, with estimates ranging from $32.22 million to $32.90 million. For the next fiscal year, analysts anticipate that the company will post sales of $66.89 million per share, with estimates ranging from $62.47 million to $71.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Eco-Stim Energy Solutions.
A number of analysts recently commented on ESES shares. Zacks Investment Research cut shares of Eco-Stim Energy Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. FBR & Co reiterated a “buy” rating and issued a $1.85 target price on shares of Eco-Stim Energy Solutions in a research note on Monday, March 20th.
Shares of Eco-Stim Energy Solutions (NASDAQ:ESES) traded down 0.71% on Wednesday, hitting $1.39. 7,948 shares of the stock traded hands. The stock’s market cap is $20.89 million. Eco-Stim Energy Solutions has a 52 week low of $0.66 and a 52 week high of $3.04. The stock has a 50 day moving average price of $1.27 and a 200-day moving average price of $1.24.
A number of hedge funds have recently bought and sold shares of ESES. Phoenix Investment Adviser LLC purchased a new stake in Eco-Stim Energy Solutions during the first quarter valued at about $551,000. Vanguard Group Inc. boosted 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 purchased a new stake in Eco-Stim Energy Solutions during the first quarter valued at about $293,000. Finally, Old West Investment Management LLC purchased a new stake in Eco-Stim Energy Solutions during the fourth quarter valued at about $192,000. Institutional investors and hedge funds own 66.66% of the company’s stock.
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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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