Equities research analysts predict that Eco-Stim Energy Solutions Inc (NASDAQ:ESES) will post $22.71 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Eco-Stim Energy Solutions’ earnings, with the lowest sales estimate coming in at $22.10 million and the highest estimate coming in at $23.31 million. Eco-Stim Energy Solutions reported sales of $13.12 million in the same quarter last year, which indicates a positive year over year growth rate of 73.1%. The company is scheduled to issue its next quarterly earnings results on Friday, November 9th.

On average, analysts expect that Eco-Stim Energy Solutions will report full-year sales of $85.59 million for the current year, with estimates ranging from $83.01 million to $88.17 million. For the next financial year, analysts forecast that the business will report sales of $131.77 million per share, with estimates ranging from $119.14 million to $144.40 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Eco-Stim Energy Solutions.

Eco-Stim Energy Solutions (NASDAQ:ESES) last released its quarterly earnings data on Tuesday, August 14th. The oil and gas company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The business had revenue of $18.21 million during the quarter, compared to the consensus estimate of $31.20 million. Eco-Stim Energy Solutions had a negative net margin of 65.60% and a negative return on equity of 50.82%.

Several brokerages have issued reports on ESES. B. Riley decreased their price objective on shares of 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. Zacks Investment Research raised shares of Eco-Stim Energy Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Finally, ValuEngine raised shares of Eco-Stim Energy Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $2.27.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SCP Investment LP increased its holdings 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 valued at $472,000 after buying an additional 297,322 shares during the period. Victory Capital Management Inc. increased its holdings in Eco-Stim Energy Solutions by 988.3% in 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 buying an additional 1,321,359 shares during the last quarter. Finally, Bienville Capital Management LLC increased its holdings in Eco-Stim Energy Solutions by 2.2% in 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 buying an additional 133,718 shares during the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

NASDAQ ESES traded down $0.01 during trading on Tuesday, hitting $0.41. The stock had a trading volume of 100 shares, compared to its average volume of 73,658. 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 cap of $28.75 million, a P/E ratio of -1.62 and a beta of 1.99. Eco-Stim Energy Solutions has a one year low of $0.31 and a one year high of $1.62.

Eco-Stim Energy Solutions Company Profile

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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Earnings History and Estimates for Eco-Stim Energy Solutions (NASDAQ:ESES)

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