Eco-Stim Energy Solutions, Inc. (ESES) Expected to Earn FY2017 Earnings of ($0.42) Per Share

Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) – Investment analysts at Seaport Global Securities reduced their FY2017 earnings per share (EPS) estimates for Eco-Stim Energy Solutions in a note issued to investors on Monday. Seaport Global Securities analyst M. Urban now forecasts that the oil and gas company will earn ($0.42) per share for the year, down from their previous forecast of ($0.39). Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Eco-Stim Energy Solutions’ Q4 2017 earnings at ($0.02) EPS, Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.01 EPS and Q2 2019 earnings at $0.02 EPS.

Several other analysts have also recently commented on ESES. B. Riley reiterated a “buy” rating on shares of Eco-Stim Energy Solutions in a research note on Wednesday, November 1st. Credit Suisse Group decreased their target price 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. Zacks Investment Research cut shares of Eco-Stim Energy Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. Finally, FBR & Co upped their target price on shares of Eco-Stim Energy Solutions from $2.20 to $2.50 and gave the company an “outperform” rating in a research report on Monday, July 24th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $2.26.

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Shares of Eco-Stim Energy Solutions (NASDAQ ESES) opened at $1.37 on Wednesday. Eco-Stim Energy Solutions has a one year low of $0.66 and a one year high of $2.22. The company has a quick ratio of 0.85, a current ratio of 1.03 and a debt-to-equity ratio of 0.01.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bienville Capital Management LLC raised its position in shares of Eco-Stim Energy Solutions by 107.4% during 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 buying an additional 3,198,727 shares in the last quarter. B. Riley Financial Inc. purchased a new stake in shares of Eco-Stim Energy Solutions during the 3rd quarter valued at about $143,000. Victory Capital Management Inc. purchased a new stake in shares of Eco-Stim Energy Solutions during the 3rd quarter valued at about $279,000. Vanguard Group Inc. raised its position in shares of Eco-Stim Energy Solutions by 5.5% during the 2nd quarter. Vanguard Group Inc. now owns 512,551 shares of the oil and gas company’s stock valued at $641,000 after buying an additional 26,572 shares in the last quarter. Finally, Geneva Advisors LLC raised its position in shares of Eco-Stim Energy Solutions by 22.6% during the 2nd quarter. Geneva Advisors LLC now owns 97,667 shares of the oil and gas company’s stock valued at $122,000 after buying an additional 18,000 shares in the last quarter. Hedge funds and other institutional investors own 50.68% of the company’s stock.

Eco-Stim Energy Solutions Company Profile

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.

Earnings History and Estimates for Eco-Stim Energy Solutions (NASDAQ:ESES)

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