Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) has been given a $3.00 price objective by analysts at FBR & Co in a report issued on Thursday. The firm currently has a “buy” rating on the oil and gas company’s stock. FBR & Co’s price target would indicate a potential upside of 125.56% from the company’s previous close.

ESES has been the subject of several other reports. Credit Suisse Group reduced their target price on 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. Seaport Global Securities downgraded Eco-Stim Energy Solutions from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $2.00 to $1.30 in a research note on Wednesday, June 21st. Finally, Zacks Investment Research downgraded Eco-Stim Energy Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th.

Eco-Stim Energy Solutions (ESES) traded down 2.92% during midday trading on Thursday, hitting $1.33. The stock had a trading volume of 79,176 shares. The firm’s market capitalization is $98.90 million. The firm has a 50-day moving average price of $1.47 and a 200-day moving average price of $1.35. Eco-Stim Energy Solutions has a 1-year low of $0.66 and a 1-year high of $2.22.

Eco-Stim Energy Solutions (NASDAQ:ESES) last issued its earnings results on Thursday, August 10th. The oil and gas company reported ($0.21) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.01. Eco-Stim Energy Solutions had a negative return on equity of 69.12% and a negative net margin of 134.72%. The company had revenue of $8.53 million during the quarter, compared to the consensus estimate of $8.88 million. On average, equities research analysts anticipate that Eco-Stim Energy Solutions will post ($0.48) earnings per share for the current year.

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An institutional investor recently raised its position in Eco-Stim Energy Solutions stock. Vanguard Group Inc. grew its stake in shares of Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) by 5.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 512,551 shares of the oil and gas company’s stock after acquiring an additional 26,572 shares during the quarter. Vanguard Group Inc. owned about 3.41% of Eco-Stim Energy Solutions worth $641,000 as of its most recent SEC filing. Institutional investors own 50.02% of the company’s stock.

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.

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