Eco-Stim Energy Solutions Inc (NASDAQ:ESES) major shareholder Argentina Opportunit Bienville purchased 38,683 shares of the firm’s stock in a transaction on Tuesday, September 13th. The shares were purchased at an average price of $2.08 per share, with a total value of $80,460.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Argentina Opportunit Bienville also recently made the following trade(s):

  • On Thursday, September 15th, Argentina Opportunit Bienville purchased 25,451 shares of Eco-Stim Energy Solutions stock. The shares were purchased at an average price of $2.12 per share, with a total value of $53,956.12.
  • On Tuesday, August 23rd, Argentina Opportunit Bienville purchased 50,000 shares of Eco-Stim Energy Solutions stock. The shares were purchased at an average price of $2.40 per share, with a total value of $120,000.00.
  • On Thursday, August 18th, Argentina Opportunit Bienville purchased 300,000 shares of Eco-Stim Energy Solutions stock. The shares were purchased at an average price of $2.25 per share, with a total value of $675,000.00.
  • On Wednesday, August 17th, Argentina Opportunit Bienville purchased 20,000 shares of Eco-Stim Energy Solutions stock. The shares were purchased at an average price of $2.40 per share, with a total value of $48,000.00.
  • On Friday, July 1st, Argentina Opportunit Bienville purchased 13,600 shares of Eco-Stim Energy Solutions stock. The shares were purchased at an average price of $2.75 per share, with a total value of $37,400.00.
  • On Thursday, June 30th, Argentina Opportunit Bienville purchased 7,297 shares of Eco-Stim Energy Solutions stock. The shares were purchased at an average price of $2.85 per share, with a total value of $20,796.45.
  • On Tuesday, June 28th, Argentina Opportunit Bienville purchased 4,977 shares of Eco-Stim Energy Solutions stock. The shares were purchased at an average price of $2.90 per share, with a total value of $14,433.30.
  • On Thursday, June 23rd, Argentina Opportunit Bienville purchased 9,861 shares of Eco-Stim Energy Solutions stock. The shares were purchased at an average price of $2.90 per share, with a total value of $28,596.90.

Eco-Stim Energy Solutions Inc (NASDAQ:ESES) opened at 2.24 on Tuesday. The company has a 50-day moving average of $2.34 and a 200 day moving average of $2.52. Eco-Stim Energy Solutions Inc has a 52-week low of $1.88 and a 52-week high of $5.45. The firm’s market cap is $30.56 million.

Eco-Stim Energy Solutions (NASDAQ:ESES) last issued its quarterly earnings results on Monday, August 15th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by $0.01. The business had revenue of $2.34 million for the quarter, compared to analysts’ expectations of $3.32 million. On average, equities research analysts anticipate that Eco-Stim Energy Solutions Inc will post ($1.08) EPS for the current year.

Large investors have recently modified their holdings of the stock. Geneva Advisors LLC raised 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 valued at $277,000 after buying an additional 7,279 shares during the last quarter. Emancipation Management LLC raised 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 valued at $1,833,000 after buying an additional 614,094 shares during the last quarter. Bienville Capital Management LLC raised 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 valued at $7,195,000 after buying an additional 83,538 shares during the last quarter. Finally, Vanguard Group Inc. raised 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 valued at $239,000 after buying an additional 900 shares during the last quarter.

ESES has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Eco-Stim Energy Solutions from a “sell” rating to a “hold” rating in a report on Monday, September 12th. FBR & Co reduced their target price on shares of Eco-Stim Energy Solutions from $7.00 to $6.00 and set an “outperform” rating for the company in a research note on Thursday, May 26th. Seaport Global Securities reiterated a “buy” rating on shares of Eco-Stim Energy Solutions in a research note on Friday, August 19th. Finally, Credit Suisse Group AG assumed coverage on shares of Eco-Stim Energy Solutions in a research note on Monday, July 18th. They issued an “outperform” rating and a $5.00 target price for the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $5.17.

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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