Bienville Capital Management buys $5.5 Million stake in Eco-Stim Energy Solutions Inc (ESES)

Eco-Stim Energy Solutions Inc (ESES) : Bienville Capital Management scooped up 44,694 additional shares in Eco-Stim Energy Solutions Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 2,397,388 shares of Eco-Stim Energy Solutions Inc which is valued at $5.5 Million.Eco-Stim Energy Solutions Inc makes up approximately 1.81% of Bienville Capital Management’s portfolio.

Other Hedge Funds, Including , Emancipation Management added ESES to its portfolio by purchasing 18,161 company shares during the most recent quarter which is valued at $41,988. Eco-Stim Energy Solutions Inc makes up approx 0.05% of Emancipation Management’s portfolio.Blackrock Fund Advisors boosted its stake in ESES in the latest quarter, The investment management firm added 462 additional shares and now holds a total of 2,337 shares of Eco-Stim Energy Solutions Inc which is valued at $5,403.Gilder Gagnon Howe Co reduced its stake in ESES by selling 71,420 shares or 6.25% in the most recent quarter. The Hedge Fund company now holds 1,070,644 shares of ESES which is valued at $2.7 Million. Eco-Stim Energy Solutions Inc makes up approx 0.05% of Gilder Gagnon Howe Co’s portfolio.Geneva Advisors boosted its stake in ESES in the latest quarter, The investment management firm added 5,721 additional shares and now holds a total of 88,388 shares of Eco-Stim Energy Solutions Inc which is valued at $222,738.

Eco-Stim Energy Solutions Inc opened for trading at $2.25 and hit $2.4 on the upside on Friday, eventually ending the session at $2.26, with a gain of 0.44% or 0.01 points. The heightened volatility saw the trading volume jump to 3,080 shares. Company has a market cap of $31 M.

Many Wall Street Analysts have commented on Eco-Stim Energy Solutions Inc. Seaport Global Securities Initiated Eco-Stim Energy Solutions Inc on Mar 15, 2016 to “Buy”, Price Target of the shares are set at $4.

Eco-Stim Energy Solutions Inc. (EcoStim) 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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