Zacks Investment Research upgraded shares of Eco-Stim Energy Solutions (NASDAQ:ESES) from a sell rating to a hold rating in a report published on Tuesday.
According to Zacks, “Eco-Stim Energy Solutions, Inc. is an oilfield service and technology company. The company provides management technologies, well stimulation and completion services to oil and gas producers. Eco-Stim Energy Solutions, Inc. is based in Houston, Texas. “
Several other research firms have also commented on ESES. Seaport Global Securities raised Eco-Stim Energy Solutions from a neutral rating to a buy rating in a research report on Wednesday, December 20th. B. Riley reaffirmed a buy rating on shares of Eco-Stim Energy Solutions in a research report on Wednesday, November 1st. Finally, Imperial Capital started coverage on Eco-Stim Energy Solutions in a research report on Thursday, November 30th. They set an outperform rating and a $2.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Eco-Stim Energy Solutions presently has an average rating of Buy and a consensus target price of $2.22.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bienville Capital Management LLC increased its position in Eco-Stim Energy Solutions by 107.4% during the third quarter. Bienville Capital Management LLC now owns 6,178,261 shares of the oil and gas company’s stock worth $9,514,000 after buying an additional 3,198,727 shares during the period. Vanguard Group Inc. increased its holdings in shares of Eco-Stim Energy Solutions by 5.5% in 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. increased its holdings in shares of Eco-Stim Energy Solutions by 108.1% in the fourth quarter. B. Riley Financial Inc. now owns 193,702 shares of the oil and gas company’s stock valued at $244,000 after purchasing an additional 100,627 shares during the period. Finally, Victory Capital Management Inc. acquired a new position in shares of Eco-Stim Energy Solutions in the third quarter valued at approximately $279,000. 84.31% of the stock is currently owned by institutional investors.
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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.
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