Eco-Stim Energy Solutions Inc (NASDAQ:ESES) – Seaport Global Securities upped their Q3 2018 EPS estimates for Eco-Stim Energy Solutions in a research report issued on Monday. Seaport Global Securities analyst M. Urban now anticipates that the oil and gas company will post earnings of $0.03 per share for the quarter, up from their prior estimate of $0.02. Seaport Global Securities has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Eco-Stim Energy Solutions’ Q1 2019 earnings at $0.01 EPS.
Eco-Stim Energy Solutions (NASDAQ:ESES) last posted its quarterly earnings results on Friday, March 9th. The oil and gas company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.04). The business had revenue of $19.81 million for the quarter, compared to the consensus estimate of $21.86 million. Eco-Stim Energy Solutions had a negative return on equity of 40.28% and a negative net margin of 61.22%.
Eco-Stim Energy Solutions (NASDAQ ESES) opened at $1.20 on Wednesday. The stock has a market cap of $89.45, a P/E ratio of -1.38 and a beta of 2.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.50. Eco-Stim Energy Solutions has a 1-year low of $1.00 and a 1-year high of $1.97.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Eco-Stim Energy Solutions by 5.5% during 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. B. Riley Financial Inc. acquired a new position in Eco-Stim Energy Solutions during the third quarter valued at approximately $143,000. Victory Capital Management Inc. acquired a new position in Eco-Stim Energy Solutions during the third quarter valued at approximately $279,000. Finally, Bienville Capital Management LLC boosted its holdings in shares of 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 buying an additional 3,198,727 shares during the period. Hedge funds and other institutional investors own 84.38% of the company’s stock.
WARNING: “Eco-Stim Energy Solutions Inc to Post Q3 2018 Earnings of $0.03 Per Share, Seaport Global Securities Forecasts (ESES)” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The original version of this article can be read at https://www.americanbankingnews.com/2018/03/14/eco-stim-energy-solutions-inc-to-post-q3-2018-earnings-of-0-03-per-share-seaport-global-securities-forecasts-eses.html.
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.
Receive News & Ratings for Eco-Stim Energy Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eco-Stim Energy Solutions and related companies with MarketBeat.com's FREE daily email newsletter.