Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) – Analysts at Seaport Global Securities boosted their Q3 2018 EPS estimates for shares of Eco-Stim Energy Solutions in a research note issued to investors on Monday. Seaport Global Securities analyst M. Urban now expects that the oil and gas company will post earnings of $0.03 per share for the quarter, up from their prior forecast of $0.02. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Eco-Stim Energy Solutions’ Q4 2018 earnings at $0.03 EPS and Q3 2019 earnings at $0.02 EPS.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Eco-Stim Energy Solutions from a “hold” rating to a “buy” rating and set a $1.50 price target on the stock in a report on Tuesday, August 22nd. B. Riley set a $3.00 price target on shares of Eco-Stim Energy Solutions and gave the company a “buy” rating in a report on Tuesday. FBR & Co set a $3.00 target price on shares of Eco-Stim Energy Solutions and gave the stock a “buy” rating in a report on Thursday, October 19th. Finally, Credit Suisse Group reduced their target price on shares of Eco-Stim Energy Solutions from $4.00 to $2.50 and set an “outperform” rating on the stock in a report on Monday, August 14th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $2.26.
Shares of Eco-Stim Energy Solutions (NASDAQ:ESES) traded down $0.06 during trading on Tuesday, hitting $1.37. 28,900 shares of the company traded hands, compared to its average volume of 299,395. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.85 and a current ratio of 1.03. Eco-Stim Energy Solutions has a 12 month low of $0.66 and a 12 month high of $2.22.
A number of institutional investors and hedge funds have recently bought and sold shares of ESES. Bienville Capital Management LLC grew its holdings in 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 acquiring an additional 3,198,727 shares during the last quarter. Victory Capital Management Inc. bought a new stake in Eco-Stim Energy Solutions during the 3rd quarter worth approximately $279,000. B. Riley Financial Inc. bought a new stake in Eco-Stim Energy Solutions during the 3rd quarter worth approximately $143,000. Vanguard Group Inc. grew 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 acquiring an additional 26,572 shares during the last quarter. Finally, Geneva Advisors LLC grew its holdings in 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 acquiring an additional 18,000 shares during the last quarter. 50.68% of the stock is currently owned by hedge funds and other institutional investors.
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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