Eco-Stim Energy Solutions Inc (ESES) Trading 0.8% Higher
Eco-Stim Energy Solutions Inc (NASDAQ:ESES)’s share price traded up 0.8% during mid-day trading on Wednesday . The company traded as high as $2.66 and last traded at $2.44, with a volume of 62,366 shares. The stock had previously closed at $2.42.
A number of equities analysts have issued reports on the company. FBR & Co reiterated a “buy” rating and set a $7.00 price target on shares of Eco-Stim Energy Solutions in a research report on Tuesday, April 19th. Zacks Investment Research downgraded Eco-Stim Energy Solutions from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Finally, Credit Suisse Group AG assumed coverage on Eco-Stim Energy Solutions in a research report on Monday, July 18th. They set an “outperform” rating and a $5.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $5.88.
The stock has a 50-day moving average price of $2.67 and a 200 day moving average price of $2.51. The firm’s market cap is $33.13 million.
Eco-Stim Energy Solutions (NASDAQ:ESES) last posted its earnings results on Thursday, May 12th. The company reported ($0.36) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by $0.05. The firm earned $1.80 million during the quarter, compared to analyst estimates of $3 million. The firm’s quarterly revenue was down 36.7% compared to the same quarter last year. Analysts forecast that Eco-Stim Energy Solutions Inc will post ($1.05) EPS for the current fiscal year.
In other news, major shareholder Argentina Opportunit Bienville bought 13,600 shares of Eco-Stim Energy Solutions stock in a transaction dated Friday, July 1st. The stock was acquired at an average cost of $2.75 per share, with a total value of $37,400.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.