Research Analysts Issue Forecasts for Eco-Stim Energy Solutions Inc’s FY2019 Earnings (ESES)

Eco-Stim Energy Solutions Inc (NASDAQ:ESES) – Stock analysts at Imperial Capital issued their FY2019 EPS estimates for shares of Eco-Stim Energy Solutions in a note issued to investors on Thursday. Imperial Capital analyst J. Wangler anticipates that the oil and gas company will post earnings per share of $0.22 for the year. Imperial Capital currently has a “Outperform” rating and a $2.00 target price on the stock.

Eco-Stim Energy Solutions (NASDAQ:ESES) last announced its earnings results on Friday, November 10th. The oil and gas company reported ($0.06) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.06). Eco-Stim Energy Solutions had a negative net margin of 85.29% and a negative return on equity of 43.11%.

Other equities analysts also recently issued reports about the stock. B. Riley set a $3.00 target price on shares of Eco-Stim Energy Solutions and gave the stock a “buy” rating in a research note on Tuesday, November 14th. FBR & Co set a $3.00 price target on shares of Eco-Stim Energy Solutions and gave the stock a “buy” rating in a research note on Thursday, October 19th. Seaport Global Securities raised shares of Eco-Stim Energy Solutions from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 20th. Finally, Zacks Investment Research downgraded shares of Eco-Stim Energy Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $2.22.

Eco-Stim Energy Solutions (ESES) opened at $1.36 on Monday. Eco-Stim Energy Solutions has a 12 month low of $0.85 and a 12 month high of $2.05. The firm has a market cap of $101.38, a PE ratio of -1.25 and a beta of 2.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.50 and a quick ratio of 1.33.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bienville Capital Management LLC boosted 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. B. Riley Financial Inc. purchased a new stake in Eco-Stim Energy Solutions during the 3rd quarter worth about $143,000. Victory Capital Management Inc. purchased a new stake in Eco-Stim Energy Solutions during the 3rd quarter worth about $279,000. Finally, Vanguard Group Inc. lifted its holdings in 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 buying an additional 26,572 shares during the last quarter. 84.13% of the stock is owned by institutional investors and hedge funds.

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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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