Equities analysts expect that Eco-Stim Energy Solutions Inc (NASDAQ:ESES) will announce sales of $22.71 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Eco-Stim Energy Solutions’ earnings, with estimates ranging from $22.10 million to $23.31 million. Eco-Stim Energy Solutions reported sales of $13.12 million during the same quarter last year, which indicates a positive year-over-year growth rate of 73.1%. The business is expected to announce its next earnings results on Friday, November 9th.

On average, analysts expect that Eco-Stim Energy Solutions will report full year sales of $85.59 million for the current financial year, with estimates ranging from $83.01 million to $88.17 million. For the next year, analysts anticipate that the company will post sales of $131.77 million per share, with estimates ranging from $119.14 million to $144.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that cover Eco-Stim Energy Solutions.

Eco-Stim Energy Solutions (NASDAQ:ESES) last announced its quarterly earnings data on Tuesday, August 14th. The oil and gas company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). The company had revenue of $18.21 million for the quarter, compared to analysts’ expectations of $31.20 million. Eco-Stim Energy Solutions had a negative net margin of 65.60% and a negative return on equity of 50.82%.

A number of equities research analysts have recently weighed in on ESES shares. Zacks Investment Research raised shares of Eco-Stim Energy Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. B. Riley dropped their price objective on shares of Eco-Stim Energy Solutions from $2.25 to $1.80 and set a “buy” rating on the stock in a report on Friday, August 17th. Finally, ValuEngine raised shares of Eco-Stim Energy Solutions from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $2.27.

Institutional investors and hedge funds have recently made changes to their positions in the company. SCP Investment LP boosted its holdings in Eco-Stim Energy Solutions by 148.7% in the first quarter. SCP Investment LP now owns 497,322 shares of the oil and gas company’s stock valued at $472,000 after purchasing an additional 297,322 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Eco-Stim Energy Solutions by 988.3% in the first quarter. Victory Capital Management Inc. now owns 1,455,056 shares of the oil and gas company’s stock valued at $1,383,000 after purchasing an additional 1,321,359 shares during the last quarter. Finally, Bienville Capital Management LLC boosted its holdings in Eco-Stim Energy Solutions by 2.2% in the second quarter. Bienville Capital Management LLC now owns 6,117,923 shares of the oil and gas company’s stock valued at $3,977,000 after purchasing an additional 133,718 shares during the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ESES traded down $0.01 during trading hours on Tuesday, reaching $0.41. 100 shares of the company traded hands, compared to its average volume of 73,658. The firm has a market capitalization of $28.75 million, a PE ratio of -1.62 and a beta of 1.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.47 and a quick ratio of 0.39. Eco-Stim Energy Solutions has a 12-month low of $0.31 and a 12-month high of $1.62.

About Eco-Stim Energy Solutions

Eco-Stim Energy Solutions, Inc provides oilfield services in the United States and Argentina. The company offers pressure pumping, coiled tubing, and field management services to the upstream oil and gas industry. Its customers consist primarily of international oil and gas exploration and production companies, including national oil companies, local privately-held exploration and production companies, and other service companies.

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Earnings History and Estimates for Eco-Stim Energy Solutions (NASDAQ:ESES)

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