Eco-Stim Energy Solutions Inc (NASDAQ:ESES) has earned a consensus rating of “Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $2.63.
ESES has been the subject of several analyst reports. FBR & Co set a $3.00 target price on Eco-Stim Energy Solutions and gave the stock a “buy” rating in a research report on Thursday, October 19th. Seaport Global Securities upgraded Eco-Stim Energy Solutions from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 20th. Imperial Capital initiated coverage on Eco-Stim Energy Solutions in a research report on Thursday, November 30th. They set an “outperform” rating and a $2.00 target price for the company. B. Riley set a $3.00 target price on Eco-Stim Energy Solutions and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Finally, Zacks Investment Research lowered Eco-Stim Energy Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Eco-Stim Energy Solutions by 5.5% in the 2nd 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. B. Riley Financial Inc. acquired a new position in shares of Eco-Stim Energy Solutions in the 3rd quarter valued at approximately $143,000. Victory Capital Management Inc. acquired a new position in shares of Eco-Stim Energy Solutions in the 3rd quarter valued at approximately $279,000. Finally, Bienville Capital Management LLC grew its position in shares of Eco-Stim Energy Solutions by 107.4% in the 3rd 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. Institutional investors and hedge funds own 84.01% of the company’s stock.
Eco-Stim Energy Solutions (NASDAQ:ESES) last posted its earnings results on Friday, November 10th. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.06). Eco-Stim Energy Solutions had a negative return on equity of 43.11% and a negative net margin of 85.29%. equities analysts anticipate that Eco-Stim Energy Solutions will post -0.55 earnings per share for the current fiscal year.
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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