ValuEngine upgraded shares of Eco-Stim Energy Solutions (NASDAQ:ESES) from a sell rating to a hold rating in a research note issued to investors on Saturday, June 2nd.
A number of other research firms have also weighed in on ESES. B. Riley set a $2.00 price objective on shares of Eco-Stim Energy Solutions and gave the stock a buy rating in a research note on Tuesday, May 22nd. Imperial Capital lowered shares of Eco-Stim Energy Solutions from an outperform rating to an in-line rating and set a $2.00 price target on the stock. in a research report on Wednesday, May 16th. Finally, Zacks Investment Research downgraded shares of Eco-Stim Energy Solutions from a hold rating to a sell rating in a research note on Monday, May 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Eco-Stim Energy Solutions currently has a consensus rating of Hold and an average price target of $2.20.
Eco-Stim Energy Solutions traded down $0.02, reaching $0.74, during mid-day trading on Friday, MarketBeat reports. The company had a trading volume of 21,600 shares, compared to its average volume of 100,754. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.59 and a quick ratio of 0.50. Eco-Stim Energy Solutions has a 12 month low of $0.70 and a 12 month high of $1.74. The company has a market capitalization of $58.11 million, a P/E ratio of -2.85 and a beta of 2.19.
Eco-Stim Energy Solutions (NASDAQ:ESES) last released its quarterly earnings data on Monday, May 14th. The oil and gas company reported ($0.17) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.11). The business had revenue of $17.78 million for the quarter, compared to the consensus estimate of $24.38 million. Eco-Stim Energy Solutions had a negative net margin of 58.72% and a negative return on equity of 40.56%. research analysts expect that Eco-Stim Energy Solutions will post -0.32 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. B. Riley Financial Inc. lifted its position in shares of Eco-Stim Energy Solutions by 108.1% during the 4th quarter. B. Riley Financial Inc. now owns 193,702 shares of the oil and gas company’s stock worth $244,000 after buying an additional 100,627 shares during the last quarter. SCP Investment LP raised its position in Eco-Stim Energy Solutions by 148.7% during the 1st quarter. SCP Investment LP now owns 497,322 shares of the oil and gas company’s stock worth $472,000 after buying an additional 297,322 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Eco-Stim Energy Solutions by 988.3% during the 1st quarter. Victory Capital Management Inc. now owns 1,455,056 shares of the oil and gas company’s stock worth $1,383,000 after buying an additional 1,321,359 shares during the last quarter. Institutional investors own 85.21% 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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