Eco-Stim Energy Solutions (NASDAQ:ESES) – Imperial Capital decreased their Q2 2018 earnings per share estimates for Eco-Stim Energy Solutions in a report released on Wednesday, May 16th. Imperial Capital analyst J. Wangler now anticipates that the oil and gas company will post earnings per share of ($0.11) for the quarter, down from their prior estimate of ($0.04). Imperial Capital currently has a “In-Line” rating and a $2.00 target price on the stock. Imperial Capital also issued estimates for Eco-Stim Energy Solutions’ Q3 2018 earnings at ($0.09) EPS, Q4 2018 earnings at ($0.06) EPS, FY2018 earnings at ($0.43) EPS and FY2019 earnings at ($0.17) EPS.
Other equities analysts have also recently issued reports about the company. B. Riley set a $3.00 target price on Eco-Stim Energy Solutions and gave the stock a “buy” rating in a report on Tuesday, March 13th. Zacks Investment Research upgraded Eco-Stim Energy Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, February 20th. Finally, ValuEngine upgraded Eco-Stim Energy Solutions from a “strong sell” rating to a “sell” rating in a research report on Friday, May 4th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $2.22.
Shares of Eco-Stim Energy Solutions opened at $0.92 on Friday, according to MarketBeat Ratings. Eco-Stim Energy Solutions has a 1 year low of $0.90 and a 1 year high of $0.92. The company has a quick ratio of 0.81, a current ratio of 0.59 and a debt-to-equity ratio of 0.02.
Eco-Stim Energy Solutions (NASDAQ:ESES) last issued its earnings results on Monday, May 14th. The oil and gas company reported ($0.17) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.11). Eco-Stim Energy Solutions had a negative return on equity of 40.56% and a negative net margin of 58.72%. The company had revenue of $17.78 million during the quarter, compared to analyst estimates of $24.38 million.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ESES. B. Riley Financial Inc. grew its position in Eco-Stim Energy Solutions by 108.1% during the 4th quarter. B. Riley Financial Inc. now owns 193,702 shares of the oil and gas company’s stock worth $244,000 after acquiring an additional 100,627 shares during the last quarter. Victory Capital Management Inc. grew its position in Eco-Stim Energy Solutions by 988.3% during the 1st quarter. Victory Capital Management Inc. now owns 1,455,056 shares of the oil and gas company’s stock worth $1,383,000 after acquiring an additional 1,321,359 shares during the last quarter. Finally, SCP Investment LP grew its position in Eco-Stim Energy Solutions by 148.7% during the 1st quarter. SCP Investment LP now owns 497,322 shares of the oil and gas company’s stock worth $472,000 after acquiring an additional 297,322 shares during the last quarter. Institutional investors and hedge funds own 85.99% of the company’s stock.
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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