Eco-Stim Energy Solutions (OTCMKTS:ESES) major shareholder Argentina Opportunit Bienville bought 12,574 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was bought at an average price of $3.12 per share, with a total value of $39,230.88. The transaction was disclosed in a legal filing with the Securities Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Argentina Opportunit Bienville also recently made the following trade(s):
- On Monday, August 17th, Argentina Opportunit Bienville bought 6,592 shares of Eco-Stim Energy Solutions stock. The stock was purchased at an average price of $3.48 per share, with a total value of $22,940.16.
- On Thursday, August 13th, Argentina Opportunit Bienville bought 25,000 shares of Eco-Stim Energy Solutions stock. The stock was purchased at an average price of $3.52 per share, with a total value of $88,000.00.
Several research analysts have recently weighed in on ESES shares. FBR Co. began coverage on shares of Eco-Stim Energy Solutions in a report on Tuesday, July 21st. They issued an “outperform” rating and a $7.00 price target on the stock. Zacks raised shares of Eco-Stim Energy Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, July 14th. Evercore ISI initiated coverage on shares of Eco-Stim Energy Solutions in a research report on Wednesday, August 12th. They set a “buy” rating and a $9.00 price target for the company. Finally, Roth Capital reiterated a “buy” rating and issued a $10.00 target price (up previously from $9.00) on shares of Eco-Stim Energy Solutions in a research report on Thursday, May 14th.
Shares of Eco-Stim Energy Solutions (OTCMKTS:ESES) traded down 10.296% during trading on Monday, reaching $3.032. 7,686 shares of the company were exchanged. The stock has a 50-day moving average of $4.30 and a 200 day moving average of $5.60. Eco-Stim Energy Solutions has a 52-week low of $2.99 and a 52-week high of $11.85. The stock’s market capitalization is $41.06 million.
Eco-Stim Energy Solutions (OTCMKTS:ESES) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the Thomson Reuters consensus estimate of ($0.41) by $0.11. The company earned $4 million during the quarter, compared to analyst estimates of $4.50 million. On average, equities analysts anticipate that Eco-Stim Energy Solutions will post ($1.18) earnings per share for the current fiscal year.
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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