Eco-Stim Energy Solutions Inc (NASDAQ:ESES)’s share price dropped 4.4% during mid-day trading on Wednesday . The stock traded as low as $2.32 and last traded at $2.37, with a volume of 58,621 shares trading hands. The stock had previously closed at $2.48.

ESES has been the subject of several recent research reports. FBR & Co restated a “buy” rating and issued a $7.00 price target on shares of Eco-Stim Energy Solutions in a research report on Tuesday, April 19th. Zacks Investment Research cut shares of 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 started coverage on shares of Eco-Stim Energy Solutions in a research report on Monday, July 18th. They set an “outperform” rating and a $5.00 price objective for the company. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $5.17.

The stock’s market capitalization is $32.18 million. The firm has a 50 day moving average of $2.52 and a 200-day moving average of $2.52.

Eco-Stim Energy Solutions (NASDAQ:ESES) last posted its quarterly earnings results on Monday, August 15th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by $0.01. The business earned $2.34 million during the quarter, compared to the consensus estimate of $3.32 million. On average, equities analysts anticipate that Eco-Stim Energy Solutions Inc will post $1.91 EPS for the current year.

In related news, major shareholder Argentina Opportunit Bienville purchased 9,861 shares of Eco-Stim Energy Solutions stock in a transaction on Thursday, June 23rd. The shares were bought at an average price of $2.90 per share, with a total value of $28,596.90. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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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