Eco-Stim Energy Solutions Inc (ESES) Issues Earnings Results

Eco-Stim Energy Solutions Inc (ESES) Issues  Earnings Results

Eco-Stim Energy Solutions Inc (NASDAQ:ESES) released its quarterly earnings results on Monday. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by $0.07. The company earned $2.12 million during the quarter, compared to analyst estimates of $3.18 million.

Eco-Stim Energy Solutions (NASDAQ:ESES) opened at 1.8317 on Monday. Eco-Stim Energy Solutions has a 52 week low of $1.45 and a 52 week high of $4.30. The firm has a 50-day moving average price of $1.95 and a 200-day moving average price of $2.39. The company’s market cap is $24.99 million.

In other Eco-Stim Energy Solutions news, major shareholder Argentina Opportunit Bienville acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, August 17th. The shares were purchased at an average cost of $2.40 per share, for a total transaction of $48,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Several large investors have recently added to or reduced their stakes in the stock. Geneva Advisors LLC raised its stake in Eco-Stim Energy Solutions by 8.2% in the second quarter. Geneva Advisors LLC now owns 95,667 shares of the company’s stock valued at $277,000 after buying an additional 7,279 shares in the last quarter. Vanguard Group Inc. raised its stake in Eco-Stim Energy Solutions by 1.1% in the second quarter. Vanguard Group Inc. now owns 82,393 shares of the company’s stock valued at $239,000 after buying an additional 900 shares in the last quarter. Bienville Capital Management LLC raised its stake in 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 valued at $7,195,000 after buying an additional 83,538 shares in the last quarter. Finally, Emancipation Management LLC raised its stake in 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 valued at $1,833,000 after buying an additional 614,094 shares in the last quarter.

A number of research firms recently commented on ESES. Zacks Investment Research lowered Eco-Stim Energy Solutions from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Seaport Global Securities reissued a “buy” rating on shares of Eco-Stim Energy Solutions in a research report on Friday, August 19th. Finally, Credit Suisse Group AG began coverage on Eco-Stim Energy Solutions in a research report on Monday, July 18th. They issued an “outperform” rating and a $5.00 price target for the company. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $4.80.

About Eco-Stim Energy Solutions

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