Zacks: Analysts Expect Eco-Stim Energy Solutions Inc (ESES) Will Post Earnings of -$0.07 Per Share

Wall Street analysts expect that Eco-Stim Energy Solutions Inc (NASDAQ:ESES) will post earnings of ($0.07) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Eco-Stim Energy Solutions’ earnings, with the lowest EPS estimate coming in at ($0.11) and the highest estimate coming in at ($0.03). Eco-Stim Energy Solutions reported earnings per share of ($0.21) during the same quarter last year, which would indicate a positive year-over-year growth rate of 66.7%. The business is expected to issue its next quarterly earnings results before the market opens on Tuesday, August 14th.

According to Zacks, analysts expect that Eco-Stim Energy Solutions will report full year earnings of ($0.31) per share for the current fiscal year, with EPS estimates ranging from ($0.43) to ($0.19). For the next fiscal year, analysts anticipate that the business will report earnings of ($0.05) per share, with EPS estimates ranging from ($0.17) to $0.08. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Eco-Stim Energy Solutions.

Eco-Stim Energy Solutions (NASDAQ:ESES) last issued its earnings results on Monday, May 14th. The oil and gas company reported ($0.17) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.11). Eco-Stim Energy Solutions had a negative return on equity of 40.56% and a negative net margin of 58.72%. The company had revenue of $17.78 million during the quarter, compared to analysts’ expectations of $24.38 million.

ESES has been the topic of several research reports. ValuEngine upgraded shares of Eco-Stim Energy Solutions from a “strong sell” rating to a “sell” rating in a report on Friday, May 4th. Zacks Investment Research cut shares of Eco-Stim Energy Solutions from a “hold” rating to a “sell” rating in a report on Monday, May 14th. Imperial Capital cut shares of Eco-Stim Energy Solutions from an “outperform” rating to an “in-line” rating and set a $2.00 target price on the stock. in a report on Wednesday, May 16th. Finally, B. Riley set a $2.00 target price on shares of Eco-Stim Energy Solutions and gave the stock a “buy” rating in a report on Tuesday, May 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $2.20.

A number of hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. raised its holdings in Eco-Stim Energy Solutions by 988.3% during 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 acquiring an additional 1,321,359 shares in the last quarter. SCP Investment LP raised 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 worth $472,000 after acquiring an additional 297,322 shares in the last quarter. Finally, Bienville Capital Management LLC raised its holdings in Eco-Stim Energy Solutions by 2.2% during 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 acquiring an additional 133,718 shares in the last quarter. Institutional investors own 84.92% of the company’s stock.

Shares of ESES stock opened at $0.68 on Monday. Eco-Stim Energy Solutions has a 12-month low of $0.61 and a 12-month high of $1.62. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.02.

About Eco-Stim Energy Solutions

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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