B. Riley Financial Inc. acquired a new stake in shares of Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 93,075 shares of the oil and gas company’s stock, valued at approximately $143,000. B. Riley Financial Inc. owned 0.13% of Eco-Stim Energy Solutions at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Geneva Advisors LLC grew its position 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 period. Victory Capital Management Inc. bought a new stake in shares of Eco-Stim Energy Solutions during the 3rd quarter valued at $279,000. Finally, Vanguard Group Inc. grew its position 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 period. 84.26% of the stock is owned by hedge funds and other institutional investors.
ESES has been the subject of a number of recent research reports. Credit Suisse Group cut their price objective on shares of Eco-Stim Energy Solutions from $4.00 to $2.50 and set an “outperform” rating for the company in a research report on Monday, August 14th. Zacks Investment Research raised shares of Eco-Stim Energy Solutions from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a research report on Tuesday, August 22nd. FBR & Co set a $3.00 price objective on shares of Eco-Stim Energy Solutions and gave the company a “buy” rating in a research report on Thursday, October 19th. B. Riley reissued a “buy” rating on shares of Eco-Stim Energy Solutions in a research report on Wednesday, November 1st. Finally, Imperial Capital began coverage on shares of Eco-Stim Energy Solutions in a report on Thursday, November 30th. They issued an “outperform” rating and a $2.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Eco-Stim Energy Solutions presently has an average rating of “Buy” and an average target price of $2.22.
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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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