Eco-Stim Energy Solutions Inc (ESES) was Initiated by Credit Suisse to “Outperform”. Credit Suisse advised their investors in a research report released on Jul 18, 2016.
Many Wall Street Analysts have commented on Eco-Stim Energy Solutions Inc. Shares were Reiterated by FBR Capital on May 26, 2016 to “Outperform” and Lowered the Price Target to $ 6 from a previous price target of $7 .
Eco-Stim Energy Solutions Inc closed down -0.19 points or -7.92% at $2.21 with 10,453 shares getting traded on Friday. Post opening the session at $2.41, the shares hit an intraday low of $2.11 and an intraday high of $2.41 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.