Brokerages Expect Eco-Stim Energy Solutions Inc (ESES) Will Announce Quarterly Sales of $21.86 Million

Brokerages predict that Eco-Stim Energy Solutions Inc (NASDAQ:ESES) will post $21.86 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Eco-Stim Energy Solutions’ earnings. The lowest sales estimate is $19.60 million and the highest is $25.26 million. Eco-Stim Energy Solutions reported sales of $2.06 million during the same quarter last year, which would suggest a positive year over year growth rate of 961.2%. The business is expected to issue its next earnings report on Friday, March 9th.

On average, analysts expect that Eco-Stim Energy Solutions will report full year sales of $21.86 million for the current year, with estimates ranging from $43.80 million to $49.47 million. For the next fiscal year, analysts anticipate that the company will post sales of $118.21 million per share, with estimates ranging from $103.90 million to $127.86 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Eco-Stim Energy Solutions.

A number of equities analysts have recently commented on the company. B. Riley reiterated a “buy” rating on shares of Eco-Stim Energy Solutions in a report on Wednesday, November 1st. Zacks Investment Research cut Eco-Stim Energy Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Seaport Global Securities upgraded Eco-Stim Energy Solutions from a “neutral” rating to a “buy” rating in a report on Wednesday, December 20th. Imperial Capital assumed coverage on Eco-Stim Energy Solutions in a report on Thursday, November 30th. They issued an “outperform” rating and a $2.00 target price for the company. Finally, FBR & Co set a $3.00 target price on Eco-Stim Energy Solutions and gave the stock a “buy” rating in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Eco-Stim Energy Solutions has a consensus rating of “Buy” and a consensus target price of $2.22.

Institutional investors and hedge funds have recently bought and sold shares of the stock. B. Riley Financial Inc. purchased a new position in Eco-Stim Energy Solutions during the 3rd quarter valued at $143,000. Victory Capital Management Inc. purchased a new position in Eco-Stim Energy Solutions during the 3rd quarter valued at $279,000. Vanguard Group Inc. boosted its holdings in 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 acquiring an additional 26,572 shares during the period. Finally, Bienville Capital Management LLC boosted its holdings in 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 acquiring an additional 3,198,727 shares during the period. Institutional investors own 84.13% of the company’s stock.

Shares of Eco-Stim Energy Solutions (NASDAQ:ESES) traded up $0.01 during trading on Friday, hitting $1.39. The stock had a trading volume of 12,560 shares, compared to its average volume of 76,662. The stock has a market cap of $103.62, a PE ratio of -1.28 and a beta of 2.13. The company has a current ratio of 1.50, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. Eco-Stim Energy Solutions has a 12-month low of $0.70 and a 12-month high of $2.05.

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

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