Zacks Investment Research upgraded shares of Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) from a sell rating to a hold rating in a report published on Wednesday, July 26th.
According to Zacks, “Eco-Stim Energy Solutions, Inc. is an oilfield service and technology company. The company provides management technologies, well stimulation and completion services to oil and gas producers. Eco-Stim Energy Solutions, Inc. is based in Houston, Texas. “
ESES has been the subject of a number of other reports. FBR & Co restated an outperform rating and set a $2.20 price objective (up from $1.85) on shares of Eco-Stim Energy Solutions in a research note on Monday, June 5th. Seaport Global Securities downgraded Eco-Stim Energy Solutions from a buy rating to a neutral rating and lowered their price objective for the stock from $2.00 to $1.30 in a research note on Wednesday, June 21st.
Shares of Eco-Stim Energy Solutions (ESES) traded down 0.64% during midday trading on Wednesday, hitting $1.55. The company had a trading volume of 163,784 shares. The stock’s 50-day moving average price is $1.33 and its 200-day moving average price is $1.21. The company’s market cap is $23.29 million. Eco-Stim Energy Solutions has a 12 month low of $0.66 and a 12 month high of $2.75.
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An institutional investor recently bought a new position in Eco-Stim Energy Solutions stock. Arosa Capital Management LP acquired a new stake in shares of Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 250,000 shares of the oil and gas company’s stock, valued at approximately $293,000. Arosa Capital Management LP owned 1.66% of Eco-Stim Energy Solutions as of its most recent filing with the SEC. Institutional investors and hedge funds 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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