Eco-Stim Energy Solutions Inc (NASDAQ:ESES) dropped 15% during mid-day trading on Tuesday . The stock traded as low as $0.16 and last traded at $0.17. Approximately 791,973 shares changed hands during trading, an increase of 624% from the average daily volume of 109,314 shares. The stock had previously closed at $0.20.
ESES has been the subject of several research analyst reports. Zacks Investment Research raised Eco-Stim Energy Solutions from a “sell” rating to a “buy” rating and set a $0.25 price target for the company in a research note on Tuesday. B. Riley dropped their price target on Eco-Stim Energy Solutions from $2.25 to $1.80 and set a “buy” rating for the company in a research note on Friday, August 17th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Eco-Stim Energy Solutions currently has a consensus rating of “Buy” and an average price target of $1.76.
The company has a debt-to-equity ratio of 0.02, a current ratio of 0.47 and a quick ratio of 0.39. The company has a market capitalization of $21.04 million, a PE ratio of -0.65 and a beta of 2.04.
Eco-Stim Energy Solutions (NASDAQ:ESES) last issued its quarterly earnings results on Tuesday, August 14th. The oil and gas company reported ($0.16) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $18.21 million for the quarter, compared to the consensus estimate of $31.20 million. As a group, equities analysts predict that Eco-Stim Energy Solutions Inc will post -0.51 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Eco-Stim Energy Solutions stock. SCP Investment LP grew its position in shares of Eco-Stim Energy Solutions Inc (NASDAQ:ESES) by 121.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,101,400 shares of the oil and gas company’s stock after purchasing an additional 604,078 shares during the period. SCP Investment LP owned about 1.47% of Eco-Stim Energy Solutions worth $716,000 at the end of the most recent reporting period. 84.70% of the stock is currently owned by hedge funds and other institutional investors.
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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