Zacks Investment Research upgraded shares of Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) from a hold rating to a buy rating in a report published on Monday morning. The brokerage currently has $1.50 price objective on the oil and gas company’s stock.

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. “

Several other research firms have also recently commented on ESES. FBR & Co lifted their price target on Eco-Stim Energy Solutions from $2.20 to $2.50 and gave the company an outperform rating in a report on Monday, July 24th. Seaport Global Securities restated a neutral rating on shares of Eco-Stim Energy Solutions in a report on Thursday, July 20th. Finally, Credit Suisse Group lowered their price target on Eco-Stim Energy Solutions from $4.00 to $2.50 and set an outperform rating for the company in a report on Monday, August 14th.

Shares of Eco-Stim Energy Solutions (NASDAQ:ESES) traded up 3.70% during mid-day trading on Monday, hitting $1.40. 21,667 shares of the stock traded hands. The stock has a 50 day moving average price of $1.44 and a 200-day moving average price of $1.26. The company’s market cap is $104.11 million. Eco-Stim Energy Solutions has a one year low of $0.66 and a one year high of $2.37.

Eco-Stim Energy Solutions (NASDAQ:ESES) last posted its quarterly earnings results on Thursday, August 10th. The oil and gas company reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.01. The company had revenue of $8.53 million during the quarter, compared to analysts’ expectations of $8.88 million. Eco-Stim Energy Solutions had a negative return on equity of 69.12% and a negative net margin of 134.72%. On average, analysts forecast that Eco-Stim Energy Solutions will post ($0.50) earnings per share for the current fiscal year.

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Several large investors have recently modified their holdings of ESES. Phoenix Investment Adviser LLC purchased a new stake in shares of Eco-Stim Energy Solutions during the 1st quarter worth about $551,000. Arosa Capital Management LP purchased a new stake in shares of Eco-Stim Energy Solutions during the 1st quarter worth about $293,000. Vanguard Group Inc. grew its holdings in shares of Eco-Stim Energy Solutions by 5.5% during the 2nd quarter. Vanguard Group Inc. now owns 512,551 shares of the oil and gas company’s stock worth $641,000 after purchasing an additional 26,572 shares during the period. Finally, Geneva Advisors LLC grew its holdings in shares of Eco-Stim Energy Solutions by 22.6% during the 2nd quarter. Geneva Advisors LLC now owns 97,667 shares of the oil and gas company’s stock worth $122,000 after purchasing an additional 18,000 shares during the period. Institutional investors and hedge funds own 50.02% of the company’s stock.

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.

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