Todays Report: The Eco-Stim Energy Solutions Inc (ESES) Receives Consensus Rating of “Buy” from Analysts

The Eco-Stim Energy Solutions Inc (ESES) Receives Consensus Rating of “Buy” from Analysts

Eco-Stim Energy Solutions Inc (NASDAQ:ESES) has been assigned an average rating of “Buy” from the seven ratings firms that are currently covering the firm. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $5.40.

Several research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Eco-Stim Energy Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Seaport Global Securities restated a “buy” rating on shares of Eco-Stim Energy Solutions in a research note on Friday, August 19th. Finally, Credit Suisse Group AG assumed coverage on shares of Eco-Stim Energy Solutions in a research note on Monday, July 18th. They set an “outperform” rating and a $5.00 price target on the stock.

In other news, major shareholder Argentina Opportunit Bienville acquired 300,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The stock was acquired at an average cost of $2.25 per share, with a total value of $675,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Eco-Stim Energy Solutions by 1.1% in the second quarter. Vanguard Group Inc. now owns 82,393 shares of the company’s stock worth $239,000 after buying an additional 900 shares during the period. Geneva Advisors LLC increased its stake in shares of Eco-Stim Energy Solutions by 8.2% in the second quarter. Geneva Advisors LLC now owns 95,667 shares of the company’s stock worth $277,000 after buying an additional 7,279 shares during the period. Emancipation Management LLC increased its stake in shares of Eco-Stim Energy Solutions by 3,381.4% in the second quarter. Emancipation Management LLC now owns 632,255 shares of the company’s stock worth $1,833,000 after buying an additional 614,094 shares during the period. Finally, Bienville Capital Management LLC increased its stake in shares of Eco-Stim Energy Solutions by 3.5% in the second quarter. Bienville Capital Management LLC now owns 2,480,926 shares of the company’s stock worth $7,195,000 after buying an additional 83,538 shares during the period.

Shares of Eco-Stim Energy Solutions (NASDAQ:ESES) opened at 1.97 on Thursday. The company’s market cap is $26.88 million. The stock has a 50 day moving average of $2.19 and a 200 day moving average of $2.49. Eco-Stim Energy Solutions has a 52-week low of $1.88 and a 52-week high of $5.45.

Eco-Stim Energy Solutions (NASDAQ:ESES) last released its quarterly earnings data on Monday, August 15th. The company reported ($0.27) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by $0.01. The business had revenue of $2.34 million for the quarter, compared to analysts’ expectations of $3.32 million. On average, equities analysts anticipate that Eco-Stim Energy Solutions will post ($1.08) earnings per share for the current fiscal year.

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