Eco-Stim Energy Solutions (NASDAQ:ESES) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.
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. “
A number of other research firms have also issued reports on ESES. Seaport Global Securities raised Eco-Stim Energy Solutions from a “neutral” rating to a “buy” rating in a report on Wednesday, December 20th. B. Riley reaffirmed a “buy” rating on shares of Eco-Stim Energy Solutions in a report on Wednesday, November 1st. Finally, Imperial Capital initiated coverage on Eco-Stim Energy Solutions in a report on Thursday, November 30th. They issued an “outperform” rating and a $2.00 target price on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $2.22.
Shares of Eco-Stim Energy Solutions (ESES) opened at $1.28 on Tuesday. The stock has a market capitalization of $96.13, a P/E ratio of -1.17 and a beta of 2.14. The company has a quick ratio of 1.33, a current ratio of 1.50 and a debt-to-equity ratio of 0.01. Eco-Stim Energy Solutions has a fifty-two week low of $0.85 and a fifty-two week high of $1.97.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. B. Riley Financial Inc. acquired a new stake in Eco-Stim Energy Solutions in the 3rd quarter valued at approximately $143,000. Victory Capital Management Inc. acquired a new stake in shares of Eco-Stim Energy Solutions during the 3rd quarter worth approximately $279,000. 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 in the last quarter. Finally, Bienville Capital Management LLC grew its holdings 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 worth $9,514,000 after purchasing an additional 3,198,727 shares in the last quarter. 84.31% of the stock is currently owned by hedge funds and other institutional investors.
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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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