Eco-Stim Energy Solutions Inc (OTCMKTS:ESES) major shareholder Argentina Opportunit Bienville acquired 17,222 shares of the stock in a transaction dated Monday, December 21st. The shares were purchased at an average price of $2.81 per share, for a total transaction of $48,393.82. The acquisition was disclosed in a filing with the Securities Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Argentina Opportunit Bienville also recently made the following trade(s):
- On Tuesday, December 22nd, Argentina Opportunit Bienville acquired 32,613 shares of Eco-Stim Energy Solutions stock. The stock was bought at an average cost of $2.89 per share, with a total value of $94,251.57.
- On Thursday, December 17th, Argentina Opportunit Bienville acquired 4,134 shares of Eco-Stim Energy Solutions stock. The stock was bought at an average cost of $2.78 per share, with a total value of $11,492.52.
- On Wednesday, December 16th, Argentina Opportunit Bienville acquired 7,267 shares of Eco-Stim Energy Solutions stock. The stock was bought at an average cost of $2.44 per share, with a total value of $17,731.48.
- On Friday, December 11th, Argentina Opportunit Bienville acquired 13,396 shares of Eco-Stim Energy Solutions stock. The stock was bought at an average cost of $2.01 per share, with a total value of $26,925.96.
Eco-Stim Energy Solutions Inc (OTCMKTS:ESES) opened at 3.0499 on Friday. The firm has a 50-day moving average of $3.38 and a 200 day moving average of $4.05. The firm’s market capitalization is $41.32 million. Eco-Stim Energy Solutions Inc has a 12 month low of $1.88 and a 12 month high of $8.39.
Eco-Stim Energy Solutions (OTCMKTS:ESES) last posted its earnings results on Tuesday, November 10th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.18) by $0.03. The firm had revenue of $4.38 million for the quarter, compared to analysts’ expectations of $5.15 million. Equities research analysts forecast that Eco-Stim Energy Solutions Inc will post ($1.32) earnings per share for the current year.
Several brokerages recently commented on ESES. Zacks Investment Research downgraded shares of Eco-Stim Energy Solutions from a “hold” rating to a “sell” rating in a research note on Monday. Pacific Crest reissued a “buy” rating and issued a $7.00 price objective on shares of Eco-Stim Energy Solutions in a research note on Wednesday, October 21st. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $7.50.
Eco-Stim Energy Solutions, Inc. (OTCMKTS:ESES) is an early stage technology-driven independent oilfield services company. The Company provides well stimulation, coiled tubing and field management services to the upstream oil and gas industry. The Company is focusing on the active shale resource basins outside of the United States using its technology to differentiate its service offerings. The Company’s operation is in Argentina, a shale resource basin as measured by technically recoverable reserves. The Company may also explore opportunistic acquisitions or joint ventures with established companies in target markets. EcoStim expects to provide well stimulation services based on contractual arrangements. The Company plans to generate revenues from chemicals and proppants that are consumed while performing well stimulation services. The Company expects to provide coiled tubing and other well stimulation services. EcoStim enters into arrangements to provide field management services.
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