Eco-Stim Energy Solutions (NASDAQ:ESES) – Research analysts at Seaport Global Securities raised their Q3 2018 earnings per share estimates for shares of Eco-Stim Energy Solutions in a research note issued to investors on Monday, March 12th, Zacks Investment Research reports. Seaport Global Securities analyst M. Urban now anticipates that the oil and gas company will post earnings per share of $0.03 for the quarter, up from their previous estimate of $0.02. Seaport Global Securities has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Eco-Stim Energy Solutions’ Q1 2019 earnings at $0.01 EPS.
Other equities analysts have also recently issued research reports about the company. B. Riley set a $3.00 price target on Eco-Stim Energy Solutions and gave the stock a “buy” rating in a report on Tuesday, March 13th. Zacks Investment Research raised Eco-Stim Energy Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $2.22.
Shares of Eco-Stim Energy Solutions stock traded down $0.02 during trading on Wednesday, reaching $1.00. 20,316 shares of the company’s stock were exchanged, compared to its average volume of 362,675. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.81 and a current ratio of 0.93. Eco-Stim Energy Solutions has a 1-year low of $0.86 and a 1-year high of $1.97. The stock has a market capitalization of $76.09, a P/E ratio of -3.84 and a beta of 2.24.
Eco-Stim Energy Solutions (NASDAQ:ESES) last announced its quarterly earnings data on Friday, March 9th. The oil and gas company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.04). The company had revenue of $19.81 million during the quarter, compared to analyst estimates of $21.86 million. Eco-Stim Energy Solutions had a negative net margin of 61.22% and a negative return on equity of 35.19%.
Several institutional investors have recently bought and sold shares of ESES. B. Riley Financial Inc. acquired a new position in shares of Eco-Stim Energy Solutions during the 3rd quarter worth $143,000. Victory Capital Management Inc. acquired a new position in shares of Eco-Stim Energy Solutions during the 3rd quarter worth $279,000. Vanguard Group Inc. raised 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 buying an additional 26,572 shares in the last quarter. Finally, Bienville Capital Management LLC raised 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 buying an additional 3,198,727 shares in the last quarter. 84.35% of the stock is owned by institutional investors.
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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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