Analysts Set Eco-Stim Energy Solutions Inc (ESES) Price Target at $2.27

Shares of Eco-Stim Energy Solutions Inc (NASDAQ:ESES) have received an average recommendation of “Buy” from the six brokerages that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $2.27.

A number of brokerages have recently weighed in on ESES. B. Riley cut their price objective on Eco-Stim Energy Solutions from $2.25 to $1.80 and set a “buy” rating on the stock in a research report on Friday, August 17th. Zacks Investment Research upgraded Eco-Stim Energy Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. ValuEngine upgraded Eco-Stim Energy Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Finally, Imperial Capital cut Eco-Stim Energy Solutions from an “outperform” rating to an “in-line” rating and set a $2.00 target price for the company. in a research note on Wednesday, May 16th.

Shares of ESES stock traded up $0.02 during trading hours on Friday, reaching $0.39. The company’s stock had a trading volume of 23,300 shares, compared to its average volume of 91,526. The firm has a market cap of $31.37 million, a P/E ratio of -1.50 and a beta of 1.99. Eco-Stim Energy Solutions has a one year low of $0.31 and a one year high of $1.62. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.39 and a current ratio of 0.47.

Eco-Stim Energy Solutions (NASDAQ:ESES) last issued its quarterly earnings data on Tuesday, August 14th. The oil and gas company reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.09). The business had revenue of $18.21 million during the quarter, compared to the consensus estimate of $31.20 million. Eco-Stim Energy Solutions had a negative return on equity of 50.82% and a negative net margin of 65.60%. equities analysts predict that Eco-Stim Energy Solutions will post -0.55 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bienville Capital Management LLC lifted its stake in shares of Eco-Stim Energy Solutions by 2.2% in the 2nd quarter. Bienville Capital Management LLC now owns 6,117,923 shares of the oil and gas company’s stock valued at $3,977,000 after purchasing an additional 133,718 shares during the period. SCP Investment LP lifted its stake in shares of Eco-Stim Energy Solutions by 148.7% in the 1st quarter. SCP Investment LP now owns 497,322 shares of the oil and gas company’s stock valued at $472,000 after purchasing an additional 297,322 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Eco-Stim Energy Solutions by 988.3% in the 1st quarter. Victory Capital Management Inc. now owns 1,455,056 shares of the oil and gas company’s stock valued at $1,383,000 after purchasing an additional 1,321,359 shares during the period. Institutional investors own 84.70% of the company’s stock.

About Eco-Stim Energy Solutions

Eco-Stim Energy Solutions, Inc provides oilfield services in the United States and Argentina. The company offers pressure pumping, coiled tubing, and field management services to the upstream oil and gas industry. Its customers consist primarily of international oil and gas exploration and production companies, including national oil companies, local privately-held exploration and production companies, and other service companies.

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