Fondren Management LP reduced its stake in Eco-Stim Energy Solutions Inc (NASDAQ:ESES) by 20.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,392,951 shares of the oil and gas company’s stock after selling 355,300 shares during the quarter. Eco-Stim Energy Solutions comprises approximately 1.2% of Fondren Management LP’s holdings, making the stock its 16th largest position. Fondren Management LP owned 1.87% of Eco-Stim Energy Solutions worth $1,755,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of ESES. Vanguard Group Inc. boosted 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 worth $641,000 after purchasing an additional 26,572 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of Eco-Stim Energy Solutions in the 3rd quarter worth approximately $279,000. B. Riley Financial Inc. bought a new stake in shares of Eco-Stim Energy Solutions in the 3rd quarter worth approximately $143,000. Finally, Bienville Capital Management LLC boosted 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 worth $9,514,000 after purchasing an additional 3,198,727 shares in the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.
ESES has been the topic of a number of analyst reports. Seaport Global Securities raised Eco-Stim Energy Solutions from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 20th. Zacks Investment Research raised Eco-Stim Energy Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, February 20th. B. Riley set a $3.00 price objective on Eco-Stim Energy Solutions and gave the company a “buy” rating in a research report on Tuesday, November 14th. Finally, Imperial Capital began coverage on Eco-Stim Energy Solutions in a research report on Thursday, November 30th. They issued an “outperform” rating and a $2.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Eco-Stim Energy Solutions presently has an average rating of “Buy” and a consensus price target of $2.22.
Eco-Stim Energy Solutions (NASDAQ:ESES) last released its quarterly earnings data on Friday, March 9th. The oil and gas company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The business had revenue of $19.81 million during the quarter, compared to the consensus estimate of $21.86 million. Eco-Stim Energy Solutions had a negative net margin of 61.22% and a negative return on equity of 40.28%. equities analysts anticipate that Eco-Stim Energy Solutions Inc will post 0.1 earnings per share for the current fiscal year.
Eco-Stim Energy Solutions 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.
Want to see what other hedge funds are holding ESES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eco-Stim Energy Solutions Inc (NASDAQ:ESES).
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.