Eco-Stim Energy Solutions (NASDAQ:ESES) – Imperial Capital decreased their Q1 2018 earnings estimates for shares of Eco-Stim Energy Solutions in a report issued on Monday, March 12th, Zacks Investment Research reports. Imperial Capital analyst J. Wangler now forecasts that the oil and gas company will earn ($0.10) per share for the quarter, down from their prior estimate of ($0.01). Imperial Capital also issued estimates for Eco-Stim Energy Solutions’ Q2 2018 earnings at ($0.04) EPS, Q3 2018 earnings at ($0.03) EPS, Q4 2018 earnings at ($0.02) EPS, FY2018 earnings at ($0.18) EPS and FY2019 earnings at $0.06 EPS.
Several other brokerages also recently weighed in on ESES. 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. Zacks Investment Research downgraded shares of Eco-Stim Energy Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, March 14th. Finally, B. Riley set a $3.00 target price on shares of Eco-Stim Energy Solutions and gave the stock a “buy” rating in a research note on Tuesday, March 13th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Eco-Stim Energy Solutions currently has an average rating of “Buy” and a consensus price target of $2.22.
ESES traded down $0.02 during trading hours on Wednesday, hitting $1.00. 20,316 shares of the company’s stock were exchanged, compared to its average volume of 362,675. Eco-Stim Energy Solutions has a 12-month low of $0.86 and a 12-month high of $1.97. The company has a market cap of $76.09, a P/E ratio of -3.84 and a beta of 2.24. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.02.
Eco-Stim Energy Solutions (NASDAQ:ESES) last issued its quarterly earnings data on Friday, March 9th. The oil and gas company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04). Eco-Stim Energy Solutions had a negative return on equity of 35.19% and a negative net margin of 61.22%. The company had revenue of $19.81 million during the quarter, compared to analyst estimates of $21.86 million.
Large investors have recently made changes to their positions in the business. B. Riley Financial Inc. purchased a new stake in shares of Eco-Stim Energy Solutions in the 3rd quarter valued at approximately $143,000. Victory Capital Management Inc. purchased a new stake in shares of Eco-Stim Energy Solutions in the 3rd quarter valued at approximately $279,000. Vanguard Group Inc. increased its position in shares of Eco-Stim Energy Solutions by 5.5% in the 2nd quarter. Vanguard Group Inc. now owns 512,551 shares of the oil and gas company’s stock valued at $641,000 after purchasing an additional 26,572 shares during the last quarter. Finally, Bienville Capital Management LLC increased its position in shares of Eco-Stim Energy Solutions by 107.4% in 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 purchasing an additional 3,198,727 shares during the last quarter. 84.35% of the stock is currently owned by institutional investors.
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Eco-Stim Energy Solutions Company Profile
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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