Eco-Stim Energy Solutions Inc (NASDAQ:ESES) – Investment analysts at B. Riley lowered their FY2018 earnings per share (EPS) estimates for shares of Eco-Stim Energy Solutions in a research report issued to clients and investors on Tuesday. B. Riley analyst T. Curran now anticipates that the oil and gas company will post earnings per share of $0.07 for the year, down from their previous estimate of $0.18. B. Riley currently has a “Buy” rating and a $3.00 price target on the stock.
Several other research firms have also commented on ESES. Seaport Global Securities upgraded shares of Eco-Stim Energy Solutions from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 20th. Zacks Investment Research upgraded shares of Eco-Stim Energy Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, February 20th. Finally, Imperial Capital initiated coverage on shares of Eco-Stim Energy Solutions in a research report on Thursday, November 30th. They set an “outperform” rating and a $2.00 price objective for the company. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $2.22.
Eco-Stim Energy Solutions (NASDAQ:ESES) last announced its quarterly earnings data on Friday, March 9th. The oil and gas company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.04). The firm had revenue of $19.81 million during the quarter, compared to analysts’ expectations 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%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. 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 purchasing an additional 26,572 shares in the last quarter. B. Riley Financial Inc. purchased a new stake in Eco-Stim Energy Solutions in the 3rd quarter worth $143,000. Victory Capital Management Inc. purchased a new stake in Eco-Stim Energy Solutions in the 3rd quarter worth $279,000. Finally, Bienville Capital Management LLC increased its holdings in Eco-Stim Energy Solutions by 107.4% in 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 in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.
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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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