Zacks Investment Research upgraded shares of Eco-Stim Energy Solutions Inc (NASDAQ:ESES) from a sell rating to a hold rating in a research report report published on Monday.

According to Zacks, “Eco-Stim Energy Solutions, Inc. is an oilfield service and technology company. The company provides management technologies, well stimulation and completion services to oil and gas producers. Eco-Stim Energy Solutions, Inc. is based in Houston, Texas. “

Analyst Recommendations for Eco-Stim Energy Solutions (NASDAQ:ESES)

A number of other equities research analysts also recently issued reports on the company. Seaport Global Securities restated a buy rating on shares of Eco-Stim Energy Solutions in a research note on Friday, August 19th. Credit Suisse Group AG began coverage on Eco-Stim Energy Solutions in a research note on Monday, July 18th. They set an outperform rating and a $5.00 price target for the company. Finally, FBR & Co cut their price target on Eco-Stim Energy Solutions from $7.00 to $6.00 and set an outperform rating for the company in a research note on Thursday, May 26th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $5.17.

Shares of Eco-Stim Energy Solutions (NASDAQ:ESES) opened at 2.22 on Monday. The stock’s market capitalization is $30.29 million. The company has a 50-day moving average of $2.33 and a 200-day moving average of $2.52. Eco-Stim Energy Solutions has a 52 week low of $1.88 and a 52 week high of $5.45.

Eco-Stim Energy Solutions (NASDAQ:ESES) last released its quarterly earnings results on Monday, August 15th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.26) by $0.01. The business earned $2.34 million during the quarter, compared to analyst estimates of $3.32 million. On average, analysts anticipate that Eco-Stim Energy Solutions will post ($1.08) EPS for the current year.

In related news, major shareholder Argentina Opportunit Bienville acquired 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was bought at an average cost of $2.40 per share, for a total transaction of $48,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Emancipation Management LLC increased its position in shares of Eco-Stim Energy Solutions by 3,381.4% in the second quarter. Emancipation Management LLC now owns 632,255 shares of the company’s stock worth $1,833,000 after buying an additional 614,094 shares during the period. Bienville Capital Management LLC boosted its position in Eco-Stim Energy Solutions by 3.5% in the second quarter. Bienville Capital Management LLC now owns 2,480,926 shares of the company’s stock worth $7,195,000 after buying an additional 83,538 shares in the last quarter. Vanguard Group Inc. boosted its position in Eco-Stim Energy Solutions by 1.1% in the second quarter. Vanguard Group Inc. now owns 82,393 shares of the company’s stock worth $239,000 after buying an additional 900 shares in the last quarter. Finally, Geneva Advisors LLC boosted its position in Eco-Stim Energy Solutions by 8.2% in the second quarter. Geneva Advisors LLC now owns 95,667 shares of the company’s stock worth $277,000 after buying an additional 7,279 shares in the last quarter.

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.

5 Day Chart for NASDAQ:ESES

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