Wall Street analysts expect Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) to report sales of $22.96 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Eco-Stim Energy Solutions’ earnings. The highest sales estimate is $25.26 million and the lowest is $20.72 million. Eco-Stim Energy Solutions reported sales of $2.06 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1,014.6%. The firm is expected to report its next earnings results on Friday, March 9th.

On average, analysts expect that Eco-Stim Energy Solutions will report full year sales of $22.96 million for the current fiscal year, with estimates ranging from $44.93 million to $49.47 million. For the next year, analysts anticipate that the firm will report sales of $118.21 million per share, with estimates ranging from $103.90 million to $127.86 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Eco-Stim Energy Solutions.

ESES has been the topic of several recent research reports. Zacks Investment Research lowered shares of Eco-Stim Energy Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. FBR & Co set a $3.00 price target on shares of Eco-Stim Energy Solutions and gave the company a “buy” rating in a research note on Thursday, October 19th. B. Riley set a $3.00 price target on shares of Eco-Stim Energy Solutions and gave the company a “buy” rating in a research note on Tuesday, November 14th. Imperial Capital initiated coverage on shares of Eco-Stim Energy Solutions in a research note on Thursday, November 30th. They issued an “outperform” rating and a $2.00 price target on the stock. Finally, Credit Suisse Group lowered their price target on shares of Eco-Stim Energy Solutions from $4.00 to $2.50 and set an “outperform” rating on the stock in a research note on Monday, August 14th. 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’s stock. The stock has an average rating of “Buy” and a consensus target price of $2.22.

Shares of Eco-Stim Energy Solutions (NASDAQ ESES) traded down $0.04 during mid-day trading on Monday, reaching $1.39. 17,153 shares of the company’s stock traded hands, compared to its average volume of 279,763. The company has a current ratio of 1.50, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. Eco-Stim Energy Solutions has a 12-month low of $0.66 and a 12-month high of $2.10.

Several institutional investors have recently added to or reduced their stakes in the company. Bienville Capital Management LLC increased its stake in shares of Eco-Stim Energy Solutions by 107.4% during the 3rd quarter. Bienville Capital Management LLC now owns 6,178,261 shares of the oil and gas company’s stock worth $9,514,000 after purchasing an additional 3,198,727 shares during the last quarter. B. Riley Financial Inc. acquired a new position in shares of Eco-Stim Energy Solutions during the 3rd quarter worth about $143,000. Victory Capital Management Inc. acquired a new position in shares of Eco-Stim Energy Solutions during the 3rd quarter worth about $279,000. Vanguard Group Inc. increased its stake in shares of Eco-Stim Energy Solutions by 5.5% during the 2nd quarter. Vanguard Group Inc. now owns 512,551 shares of the oil and gas company’s stock worth $641,000 after purchasing an additional 26,572 shares during the last quarter. Finally, Geneva Advisors LLC increased its stake in shares of Eco-Stim Energy Solutions by 22.6% during the 2nd quarter. Geneva Advisors LLC now owns 97,667 shares of the oil and gas company’s stock worth $122,000 after purchasing an additional 18,000 shares during the last quarter. Institutional investors own 84.26% of the company’s stock.

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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.

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

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