Shares of Eco-Stim Energy Solutions Inc (NASDAQ:ESES) rose 22.2% during mid-day trading on Monday . The stock traded as high as $2.75 and last traded at $2.70, with a volume of 80,321 shares trading hands. The stock had previously closed at $2.21.

ESES has been the topic of several recent analyst reports. Credit Suisse Group AG initiated coverage on shares of Eco-Stim Energy Solutions in a report on Monday. They issued an “outperform” rating and a $5.00 price target on the stock. FBR & Co reiterated a “buy” rating on shares of Eco-Stim Energy Solutions in a research note on Saturday, May 14th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $5.88.

The company has a 50-day moving average of $2.75 and a 200-day moving average of $2.52. The stock’s market capitalization is $35.57 million.

Eco-Stim Energy Solutions (NASDAQ:ESES) last announced its quarterly earnings results on Thursday, May 12th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.31) by $0.05. The business earned $1.80 million during the quarter, compared to the consensus estimate of $3 million. The business’s quarterly revenue was down 36.7% on a year-over-year basis. Equities research analysts expect that Eco-Stim Energy Solutions Inc will post ($0.95) EPS for the current fiscal year.

In related news, major shareholder Argentina Opportunit Bienville purchased 11,149 shares of the stock in a transaction on Monday, June 6th. The shares were bought at an average price of $2.83 per share, for a total transaction of $31,551.67. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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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