Alta Fundamental Advisers LLC cut its position in Eco-Stim Energy Solutions Inc (NASDAQ:ESES) by 16.7% during the fourth quarter, Holdings Channel reports. The fund owned 582,229 shares of the oil and gas company’s stock after selling 117,071 shares during the period. Eco-Stim Energy Solutions makes up 0.4% of Alta Fundamental Advisers LLC’s portfolio, making the stock its 20th largest position. Alta Fundamental Advisers LLC’s holdings in Eco-Stim Energy Solutions were worth $733,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Bienville Capital Management LLC boosted its stake 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 worth $9,514,000 after acquiring an additional 3,198,727 shares during the last quarter. Vanguard Group Inc. boosted its stake 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 worth $641,000 after acquiring an additional 26,572 shares during the last quarter. B. Riley Financial Inc. boosted its stake 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 worth $244,000 after acquiring an additional 100,627 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new position in Eco-Stim Energy Solutions during the third quarter worth $279,000. 84.38% of the stock is currently owned by hedge funds and other institutional investors.
ESES has been the topic of a number of recent research reports. Seaport Global Securities raised Eco-Stim Energy Solutions from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 20th. B. Riley set a $3.00 price objective on Eco-Stim Energy Solutions and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Zacks Investment Research raised Eco-Stim Energy Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, February 20th. Finally, Imperial Capital initiated coverage on Eco-Stim Energy Solutions in a research note on Thursday, November 30th. They set an “outperform” rating and a $2.00 price objective on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock 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 for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.04). The company had revenue of $19.81 million for the quarter, compared to analyst estimates 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%. equities analysts forecast that Eco-Stim Energy Solutions Inc will post 0.1 EPS for the current fiscal year.
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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.
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