Wall Street analysts forecast that Eco-Stim Energy Solutions Inc (NASDAQ:ESES) will announce sales of $21.86 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Eco-Stim Energy Solutions’ earnings. The lowest sales estimate is $19.60 million and the highest is $25.26 million. Eco-Stim Energy Solutions posted sales of $2.06 million in the same quarter last year, which suggests a positive year-over-year growth rate of 961.2%. The business is scheduled to issue its next earnings report on Friday, March 9th.
On average, analysts expect that Eco-Stim Energy Solutions will report full year sales of $21.86 million for the current fiscal year, with estimates ranging from $43.80 million to $49.47 million. For the next year, analysts anticipate that the business will report sales of $118.21 million per share, with estimates ranging from $103.90 million to $127.86 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Eco-Stim Energy Solutions.
Several research firms have issued reports on ESES. Imperial Capital began coverage on shares of Eco-Stim Energy Solutions in a research report on Thursday, November 30th. They issued an “outperform” rating and a $2.00 price target on the stock. B. Riley set a $3.00 price target on shares of Eco-Stim Energy Solutions and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Zacks Investment Research lowered shares of Eco-Stim Energy Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. FBR & Co set a $3.00 price target on shares of Eco-Stim Energy Solutions and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, Seaport Global Securities upgraded shares of Eco-Stim Energy Solutions from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $2.22.
Eco-Stim Energy Solutions (ESES) opened at $1.23 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.50 and a quick ratio of 1.33. The stock has a market cap of $93.18, a P/E ratio of -1.14 and a beta of 2.95. Eco-Stim Energy Solutions has a 12-month low of $0.66 and a 12-month high of $2.05.
A number of hedge funds and other institutional investors have recently bought and sold shares of ESES. Geneva Advisors LLC grew its position in 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 in the last quarter. B. Riley Financial Inc. acquired a new stake in shares of Eco-Stim Energy Solutions during the 3rd quarter valued at $143,000. Victory Capital Management Inc. acquired a new stake in shares of Eco-Stim Energy Solutions during the 3rd quarter valued at $279,000. Vanguard Group Inc. boosted its stake 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 valued at $641,000 after buying an additional 26,572 shares during the period. Finally, Bienville Capital Management LLC boosted its stake in shares of Eco-Stim Energy Solutions by 107.4% during the 3rd quarter. Bienville Capital Management LLC now owns 6,178,261 shares of the oil and gas company’s stock valued at $9,514,000 after buying an additional 3,198,727 shares during the period. Hedge funds and other institutional investors own 84.13% of the company’s stock.
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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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