Zacks Investment Research upgraded shares of Eco-Stim Energy Solutions Inc (NASDAQ:ESES) from a sell rating to a hold rating in a research note issued to investors on Monday morning.

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. “

Analyst Recommendations for Eco-Stim Energy Solutions (NASDAQ:ESES)

Other equities analysts have also issued research reports about the stock. Seaport Global Securities restated a buy rating on shares of Eco-Stim Energy Solutions in a research report on Friday, August 19th. Credit Suisse Group AG started coverage on shares of Eco-Stim Energy Solutions in a research report on Monday, July 18th. They set an outperform rating and a $5.00 price target for the company. Finally, FBR & Co reduced their price target on shares of Eco-Stim Energy Solutions from $7.00 to $6.00 and set an outperform rating for the company in a research report on Thursday, May 26th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Eco-Stim Energy Solutions presently has an average rating of Buy and a consensus target price of $5.17.

Eco-Stim Energy Solutions (NASDAQ:ESES) opened at 2.22 on Monday. The firm has a 50-day moving average of $2.33 and a 200 day moving average of $2.52. The company’s market capitalization is $30.29 million. Eco-Stim Energy Solutions has a 12-month low of $1.88 and a 12-month high of $5.45.

Eco-Stim Energy Solutions (NASDAQ:ESES) last posted its quarterly earnings results on Monday, August 15th. The company reported ($0.27) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by $0.01. The company had revenue of $2.34 million for the quarter, compared to the consensus estimate of $3.32 million. Analysts expect that Eco-Stim Energy Solutions will post ($1.08) EPS for the current fiscal year.

In related news, major shareholder Argentina Opportunit Bienville bought 13,600 shares of the stock in a transaction that occurred on Friday, July 1st. The shares were acquired at an average cost of $2.75 per share, with a total value of $37,400.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Large investors have recently made changes to their positions in the stock. Geneva Advisors LLC increased its stake in shares of Eco-Stim Energy Solutions by 8.2% in the second quarter. Geneva Advisors LLC now owns 95,667 shares of the company’s stock worth $277,000 after buying an additional 7,279 shares in the last quarter. Emancipation Management LLC increased its stake in shares of Eco-Stim Energy Solutions by 3,381.4% in the second quarter. Emancipation Management LLC now owns 632,255 shares of the company’s stock worth $1,833,000 after buying an additional 614,094 shares in the last quarter. Bienville Capital Management LLC increased its stake in shares of Eco-Stim Energy Solutions by 3.5% in the second quarter. Bienville Capital Management LLC now owns 2,480,926 shares of the company’s stock worth $7,195,000 after buying an additional 83,538 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Eco-Stim Energy Solutions by 1.1% in the second quarter. Vanguard Group Inc. now owns 82,393 shares of the company’s stock worth $239,000 after buying an additional 900 shares in the last quarter.

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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