Eco-Stim Energy Solutions Inc (NASDAQ:ESES)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $0.32 and last traded at $0.43, with a volume of 47610 shares. The stock had previously closed at $0.45.

A number of brokerages have recently issued reports on ESES. B. Riley lowered their price objective on Eco-Stim Energy Solutions from $2.25 to $1.80 and set a “buy” rating for the company in a research report on Friday, August 17th. Zacks Investment Research downgraded Eco-Stim Energy Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Imperial Capital downgraded Eco-Stim Energy Solutions from an “outperform” rating to an “in-line” rating and set a $2.00 price objective for the company. in a research report on Wednesday, May 16th. Finally, ValuEngine upgraded Eco-Stim Energy Solutions from a “strong sell” rating to a “sell” rating in a research report on Friday, May 4th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $2.08.

The company has a market capitalization of $35.04 million, a P/E ratio of -1.54 and a beta of 2.25. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.47 and a quick ratio of 0.39.

Eco-Stim Energy Solutions (NASDAQ:ESES) last released its earnings results on Tuesday, August 14th. The oil and gas company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.09). Eco-Stim Energy Solutions had a negative return on equity of 50.82% and a negative net margin of 65.60%. The business had revenue of $18.21 million for the quarter, compared to analyst estimates of $31.20 million. equities research analysts predict that Eco-Stim Energy Solutions Inc will post -0.55 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SCP Investment LP grew its stake in Eco-Stim Energy Solutions by 148.7% during the first quarter. SCP Investment LP now owns 497,322 shares of the oil and gas company’s stock worth $472,000 after purchasing an additional 297,322 shares during the period. Victory Capital Management Inc. grew its stake in Eco-Stim Energy Solutions by 988.3% during the first quarter. Victory Capital Management Inc. now owns 1,455,056 shares of the oil and gas company’s stock worth $1,383,000 after purchasing an additional 1,321,359 shares during the period. Finally, Bienville Capital Management LLC grew its stake in Eco-Stim Energy Solutions by 2.2% during the second quarter. Bienville Capital Management LLC now owns 6,117,923 shares of the oil and gas company’s stock worth $3,977,000 after purchasing an additional 133,718 shares during the period. 84.36% of the stock is owned by institutional investors and hedge funds.

Eco-Stim Energy Solutions Company Profile (NASDAQ:ESES)

Eco-Stim Energy Solutions, Inc provides oilfield services in the United States and Argentina. The company offers pressure pumping, coiled tubing, and field management services to the upstream oil and gas industry. Its customers consist primarily of international oil and gas exploration and production companies, including national oil companies, local privately-held exploration and production companies, and other service companies.

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