Imperial Capital Comments on Eco-Stim Energy Solutions, Inc.’s FY2017 Earnings (ESES)

Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) – Imperial Capital issued their FY2017 earnings per share estimates for Eco-Stim Energy Solutions in a research note issued on Thursday. Imperial Capital analyst J. Wangler expects that the oil and gas company will post earnings per share of ($0.79) for the year. Imperial Capital has a “Outperform” rating and a $2.00 price target on the stock. Imperial Capital also issued estimates for Eco-Stim Energy Solutions’ Q4 2017 earnings at ($0.04) EPS, Q1 2018 earnings at ($0.01) EPS, Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.02 EPS, Q4 2018 earnings at $0.04 EPS and FY2018 earnings at $0.06 EPS.

Several other analysts have also commented on ESES. B. Riley reaffirmed a “buy” rating on shares of Eco-Stim Energy Solutions in a report on Wednesday, November 1st. Credit Suisse Group dropped their target price on Eco-Stim Energy Solutions from $4.00 to $2.50 and set an “outperform” rating on the stock in a report on Monday, August 14th. Zacks Investment Research lowered Eco-Stim Energy Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Finally, FBR & Co set a $3.00 target price on Eco-Stim Energy Solutions and gave the stock a “buy” rating in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $2.22.

Shares of Eco-Stim Energy Solutions (NASDAQ:ESES) opened at $1.49 on Monday. Eco-Stim Energy Solutions has a 1-year low of $0.66 and a 1-year high of $2.12. The company has a quick ratio of 1.33, a current ratio of 1.50 and a debt-to-equity ratio of 0.01.

Institutional investors have recently bought and sold shares of the stock. Geneva Advisors LLC grew its holdings in Eco-Stim Energy Solutions by 22.6% in the second quarter. Geneva Advisors LLC now owns 97,667 shares of the oil and gas company’s stock valued at $122,000 after purchasing an additional 18,000 shares during the period. Vanguard Group Inc. grew its holdings in Eco-Stim Energy Solutions by 5.5% in the second quarter. Vanguard Group Inc. now owns 512,551 shares of the oil and gas company’s stock valued at $641,000 after purchasing an additional 26,572 shares during the period. Victory Capital Management Inc. acquired a new stake in Eco-Stim Energy Solutions in the third quarter valued at approximately $279,000. B. Riley Financial Inc. acquired a new stake in Eco-Stim Energy Solutions in the third quarter valued at approximately $143,000. Finally, Bienville Capital Management LLC grew its holdings in Eco-Stim Energy Solutions by 107.4% in the third quarter. Bienville Capital Management LLC now owns 6,178,261 shares of the oil and gas company’s stock valued at $9,514,000 after purchasing an additional 3,198,727 shares during the period. 84.26% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Earnings History and Estimates for Eco-Stim Energy Solutions (NASDAQ:ESES)

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