Eco-Stim Energy Solutions, Inc. (ESES) Upgraded to Hold at Zacks Investment Research
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 Wednesday.
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. “
A number of other brokerages have also commented on ESES. FBR & Co boosted their price target on shares of Eco-Stim Energy Solutions from $2.20 to $2.50 and gave the company an outperform rating in a research note on Monday, July 24th. Seaport Global Securities restated a neutral rating on shares of Eco-Stim Energy Solutions in a research note on Thursday, July 20th.
Eco-Stim Energy Solutions (ESES) opened at 1.50 on Wednesday. The company’s market cap is $22.54 million. The company has a 50-day moving average of $1.33 and a 200-day moving average of $1.20. Eco-Stim Energy Solutions has a 52-week low of $0.66 and a 52-week high of $2.75.
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A hedge fund recently bought a new stake in Eco-Stim Energy Solutions stock. Phoenix Investment Adviser LLC bought a new stake in Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) during the first quarter, according to its most recent filing with the SEC. The institutional investor bought 470,685 shares of the oil and gas company’s stock, valued at approximately $551,000. Phoenix Investment Adviser LLC owned 3.13% of Eco-Stim Energy Solutions at the end of the most recent quarter. Institutional investors own 14.39% of the company’s stock.
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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