Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) has been given a $3.00 price target by equities research analysts at FBR & Co in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the oil and gas company’s stock. FBR & Co’s target price points to a potential upside of 125.56% from the company’s previous close.
Other research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Eco-Stim Energy Solutions from a “hold” rating to a “buy” rating and set a $1.50 price target on the stock in a research report on Tuesday, August 22nd. Seaport Global Securities reaffirmed a “neutral” rating on shares of Eco-Stim Energy Solutions in a research report on Thursday, July 20th. Finally, Credit Suisse Group lowered their price objective on shares of Eco-Stim Energy Solutions from $4.00 to $2.50 and set an “outperform” rating on the stock in a research report on Monday, August 14th.
Shares of Eco-Stim Energy Solutions (ESES) opened at 1.33 on Thursday. Eco-Stim Energy Solutions has a one year low of $0.66 and a one year high of $2.22. The stock has a 50 day moving average of $1.47 and a 200-day moving average of $1.35. The company’s market capitalization is $98.90 million.
Eco-Stim Energy Solutions (NASDAQ:ESES) last released its quarterly earnings results on Thursday, August 10th. The oil and gas company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.01. Eco-Stim Energy Solutions had a negative net margin of 134.72% and a negative return on equity of 69.12%. The company had revenue of $8.53 million for the quarter, compared to analyst estimates of $8.88 million. On average, equities analysts forecast that Eco-Stim Energy Solutions will post ($0.48) earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Eco-Stim Energy Solutions stock. Vanguard Group Inc. boosted its stake in Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) by 5.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 512,551 shares of the oil and gas company’s stock after acquiring an additional 26,572 shares during the period. Vanguard Group Inc. owned 3.41% of Eco-Stim Energy Solutions worth $641,000 as of its most recent filing with the SEC. 50.02% of the stock is currently owned by institutional investors and hedge funds.
About Eco-Stim Energy Solutions
Eco-Stim Energy Solutions, Inc is an oilfield services company. The Company provides well stimulation, coiled tubing and field management services to the upstream oil and gas industry. The Company focuses on the active shale and unconventional oil and natural gas basins outside the United States and it has commenced operations in Argentina.
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