Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) had its target price hoisted by FBR & Co from $2.20 to $2.50 in a note issued to investors on Monday, July 24th, MarketBeat reports. The firm presently has an “outperform” rating on the oil and gas company’s stock. FBR & Co’s price objective would suggest a potential upside of 60.26% from the company’s current price. FBR & Co also issued estimates for Eco-Stim Energy Solutions’ Q2 2017 earnings at ($0.20) EPS, Q3 2017 earnings at ($0.03) EPS, Q3 2017 earnings at ($0.02) EPS, Q4 2017 earnings at $0.01 EPS, FY2017 earnings at ($0.27) EPS, FY2017 earnings at ($0.28) EPS, Q1 2018 earnings at $0.05 EPS, Q2 2018 earnings at $0.03 EPS, Q2 2018 earnings at $0.07 EPS, Q3 2018 earnings at $0.09 EPS, Q4 2018 earnings at $0.05 EPS, Q4 2018 earnings at $0.09 EPS, FY2018 earnings at $0.30 EPS and FY2018 earnings at $0.15 EPS.
ESES has been the topic of a number of other research reports. Seaport Global Securities lowered Eco-Stim Energy Solutions from a “buy” rating to a “neutral” rating and dropped their target price for the company from $2.00 to $1.30 in a report on Wednesday, June 21st. Zacks Investment Research lowered Eco-Stim Energy Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th.
Shares of Eco-Stim Energy Solutions (NASDAQ:ESES) traded down 2.56% during midday trading on Monday, hitting $1.52. The stock had a trading volume of 139,493 shares. Eco-Stim Energy Solutions has a 52 week low of $0.66 and a 52 week high of $2.75. The firm’s market cap is $22.84 million. The company’s 50 day moving average is $1.33 and its 200 day moving average is $1.21.
An institutional investor recently bought a new position in Eco-Stim Energy Solutions stock. Arosa Capital Management LP bought a new stake in shares of Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 250,000 shares of the oil and gas company’s stock, valued at approximately $293,000. Arosa Capital Management LP owned about 1.66% of Eco-Stim Energy Solutions as of its most recent filing with the SEC. Institutional investors own 14.39% 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.
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