Eco-Stim Energy Solutions Inc (ESES) was Reiterated by FBR Capital to “Outperform” while Lowering the Price Target of the company shares to $ 6 from a previous price target of $7 . FBR Capital advised their investors in a research report released on May 26, 2016.
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 opened for trading at $2.48 and hit $2.73 on the upside on Wednesday, eventually ending the session at $2.55, with a gain of 11.35% or 0.26 points. The heightened volatility saw the trading volume jump to 6,430 shares. Company has a market cap of $35 M.
In a different news, on Apr 13, 2015, John K. Yonemoto (director) purchased 173,911 shares at $5.75 per share price. According to the SEC, on Apr 13, 2015, Lap Wai Chan (director) purchased 173,911 shares at $5.75 per share price. On Apr 13, 2015, Ahmad Al-sati (director) purchased 173,911 shares at $5.75 per share price, according to the Form-4 filing with the securities and exchange commission.
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 Companys 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.