Eco-Stim Energy Solutions Inc (ESES) Receives Average Recommendation of “Buy” from Analysts

Eco-Stim Energy Solutions Inc (NASDAQ:ESES) has been assigned an average recommendation of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $2.63.

Several research analysts recently issued reports on the stock. B. Riley reissued a “buy” rating on shares of Eco-Stim Energy Solutions in a research note on Wednesday, November 1st. Seaport Global Securities raised shares of Eco-Stim Energy Solutions from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 20th. Imperial Capital assumed coverage on shares of Eco-Stim Energy Solutions in a research note on Thursday, November 30th. They set an “outperform” rating and a $2.00 target price on the stock. Finally, Zacks Investment Research lowered shares of Eco-Stim Energy Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th.

Several institutional investors have recently added to or reduced their stakes in ESES. B. Riley Financial Inc. bought a new position in shares of Eco-Stim Energy Solutions in the third quarter valued at $143,000. Victory Capital Management Inc. bought a new position in shares of Eco-Stim Energy Solutions in the third quarter valued at $279,000. Vanguard Group Inc. lifted its stake in shares of Eco-Stim Energy Solutions by 5.5% in the second 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 in the last quarter. Finally, Bienville Capital Management LLC lifted its stake in shares of Eco-Stim Energy Solutions by 107.4% in the third 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 in the last quarter. 84.01% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Eco-Stim Energy Solutions (ESES) remained flat at $$1.29 during midday trading on Tuesday. The company’s stock had a trading volume of 7,799 shares, compared to its average volume of 23,973. The firm has a market capitalization of $96.13, a P/E ratio of -1.18 and a beta of 2.14. Eco-Stim Energy Solutions has a 12 month low of $0.85 and a 12 month high of $1.97. The company has a quick ratio of 1.33, a current ratio of 1.50 and a debt-to-equity ratio of 0.01.

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About Eco-Stim Energy Solutions

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.

Analyst Recommendations for Eco-Stim Energy Solutions (NASDAQ:ESES)

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