Analysts Anticipate Eco-Stim Energy Solutions, Inc. (ESES) to Announce -$0.06 EPS
Equities research analysts expect Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) to post earnings of ($0.06) per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Eco-Stim Energy Solutions’ earnings, with the highest EPS estimate coming in at ($0.05) and the lowest estimate coming in at ($0.07). Eco-Stim Energy Solutions reported earnings of ($0.25) per share in the same quarter last year, which indicates a positive year over year growth rate of 76%. The firm is expected to announce its next earnings report on Monday, November 13th.
On average, analysts expect that Eco-Stim Energy Solutions will report full-year earnings of ($0.32) per share for the current fiscal year, with EPS estimates ranging from ($0.39) to ($0.25). For the next year, analysts forecast that the business will post earnings of $0.15 per share, with EPS estimates ranging from $0.08 to $0.22. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Eco-Stim Energy Solutions.
Eco-Stim Energy Solutions (NASDAQ:ESES) last posted its quarterly earnings data on Thursday, August 10th. The oil and gas company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.01. Eco-Stim Energy Solutions had a negative net margin of 134.72% and a negative return on equity of 69.12%. The firm had revenue of $8.53 million for the quarter, compared to analysts’ expectations of $8.88 million.
Several equities analysts recently weighed in on ESES shares. Seaport Global Securities lowered shares of Eco-Stim Energy Solutions from a “buy” rating to a “neutral” rating and cut their price objective for the company from $2.00 to $1.30 in a report on Wednesday, June 21st. FBR & Co upped their target price on shares of Eco-Stim Energy Solutions from $2.20 to $2.50 and gave the company an “outperform” rating in a research note on Monday, July 24th. Zacks Investment Research raised shares of Eco-Stim Energy Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. Finally, Credit Suisse Group lowered their target price on shares of Eco-Stim Energy Solutions from $4.00 to $2.50 and set an “outperform” rating for the company in a research note on Monday, August 14th.
Eco-Stim Energy Solutions (ESES) traded down 3.95% during trading on Thursday, reaching $1.46. 14,452 shares of the company’s stock traded hands. The firm’s 50 day moving average is $1.46 and its 200 day moving average is $1.34. Eco-Stim Energy Solutions has a 12 month low of $0.66 and a 12 month high of $2.22. The company’s market cap is $108.57 million.
A hedge fund recently raised its stake in Eco-Stim Energy Solutions stock. Vanguard Group Inc. raised its position in Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 512,551 shares of the oil and gas company’s stock after purchasing an additional 26,572 shares during the period. Vanguard Group Inc. owned approximately 3.41% of Eco-Stim Energy Solutions worth $641,000 as of its most recent filing with the SEC. 50.02% of the stock is currently owned by institutional investors.
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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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