Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) – Research analysts at Seaport Global Securities raised their Q3 2018 EPS estimates for shares of Eco-Stim Energy Solutions in a research report issued on Monday. Seaport Global Securities analyst M. Urban now expects that the oil and gas company will post earnings per share of $0.03 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.
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A number of other equities research analysts also recently weighed in on ESES. FBR & Co raised their price target on Eco-Stim Energy Solutions from $2.20 to $2.50 and gave the stock an “outperform” rating in a research note on Monday, July 24th. Zacks Investment Research raised Eco-Stim Energy Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. Credit Suisse Group lowered their price objective on 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. Finally, B. Riley reissued a “buy” rating on shares of Eco-Stim Energy Solutions in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Eco-Stim Energy Solutions currently has an average rating of “Buy” and a consensus price target of $2.26.
Eco-Stim Energy Solutions (ESES) traded down $0.03 on Tuesday, hitting $1.43. The stock had a trading volume of 22,600 shares, compared to its average volume of 300,630. Eco-Stim Energy Solutions has a 52 week low of $0.66 and a 52 week high of $2.22. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.85.
Hedge funds and other institutional investors have recently modified their holdings of the company. B. Riley Financial Inc. acquired a new position in shares of Eco-Stim Energy Solutions during the 3rd quarter valued at about $143,000. Geneva Advisors LLC increased its holdings in shares of 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 valued at $122,000 after acquiring an additional 18,000 shares during the last quarter. Victory Capital Management Inc. acquired a new position in shares of Eco-Stim Energy Solutions during the 3rd quarter valued at about $279,000. Finally, Vanguard Group Inc. increased its holdings in shares of 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 valued at $641,000 after acquiring an additional 26,572 shares during the last quarter. 50.68% of the stock is currently owned by institutional investors and hedge funds.
About Eco-Stim Energy Solutions
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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