B. Riley set a $3.00 price target on Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) in a research report released on Tuesday. The brokerage currently has a buy rating on the oil and gas company’s stock. B. Riley also issued estimates for Eco-Stim Energy Solutions’ Q4 2017 earnings at ($0.01) EPS, FY2017 earnings at ($0.41) EPS, Q1 2018 earnings at $0.02 EPS, Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.06 EPS, Q4 2018 earnings at $0.06 EPS and FY2018 earnings at $0.18 EPS.

Several other equities research analysts have also issued reports on the company. FBR & Co set a $3.00 price objective on Eco-Stim Energy Solutions and gave the company a buy rating in a research note on Thursday, October 19th. Zacks Investment Research lowered Eco-Stim Energy Solutions from a buy rating to a hold rating in a research note on Tuesday, August 29th. Seaport Global Securities reissued a neutral rating on shares of Eco-Stim Energy Solutions in a research note on Thursday, July 20th. Finally, Credit Suisse Group dropped their price objective on Eco-Stim Energy Solutions from $4.00 to $2.50 and set an outperform rating for the company in a research note on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $2.26.

Eco-Stim Energy Solutions (ESES) traded down $0.04 during trading hours on Tuesday, reaching $1.39. The company had a trading volume of 7,746 shares, compared to its average volume of 296,152. Eco-Stim Energy Solutions has a 12 month low of $0.66 and a 12 month high of $2.12. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.85.

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A number of hedge funds have recently modified their holdings of ESES. Bienville Capital Management LLC increased its holdings in shares of Eco-Stim Energy Solutions by 107.4% in the third quarter. Bienville Capital Management LLC now owns 6,178,261 shares of the oil and gas company’s stock worth $9,514,000 after buying an additional 3,198,727 shares during the period. B. Riley Financial Inc. purchased a new position in shares of Eco-Stim Energy Solutions in the third quarter worth about $143,000. Victory Capital Management Inc. purchased a new position in shares of Eco-Stim Energy Solutions in the third quarter worth about $279,000. Vanguard Group Inc. increased its holdings in shares of Eco-Stim Energy Solutions by 5.5% in the second quarter. Vanguard Group Inc. now owns 512,551 shares of the oil and gas company’s stock worth $641,000 after buying an additional 26,572 shares during the period. Finally, Geneva Advisors LLC increased its holdings in shares of Eco-Stim Energy Solutions by 22.6% in the second quarter. Geneva Advisors LLC now owns 97,667 shares of the oil and gas company’s stock worth $122,000 after buying an additional 18,000 shares during the period. 50.68% of the stock is owned by hedge funds and other institutional investors.

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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