Bienville Capital Management buys $6,053,459 stake in Eco-Stim Energy Solutions Inc (ESES)

Eco-Stim Energy Solutions Inc (ESES) : Bienville Capital Management scooped up 83,538 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 Aug 10, 2016. The investment management firm now holds a total of 2,480,926 shares of Eco-Stim Energy Solutions Inc which is valued at $6,053,459.Eco-Stim Energy Solutions Inc makes up approximately 1.63% of Bienville Capital Management’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in ESES in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 82,393 shares of Eco-Stim Energy Solutions Inc which is valued at $201,039.Geneva Advisors boosted its stake in ESES in the latest quarter, The investment management firm added 7,279 additional shares and now holds a total of 95,667 shares of Eco-Stim Energy Solutions Inc which is valued at $237,254.Gilder Gagnon Howe Co reduced its stake in ESES by selling 53,240 shares or 4.97% in the most recent quarter. The Hedge Fund company now holds 1,017,404 shares of ESES which is valued at $2,482,466. Eco-Stim Energy Solutions Inc makes up approx 0.05% of Gilder Gagnon Howe Co’s portfolio. Magee Thomson Investment Partners added ESES to its portfolio by purchasing 316 company shares during the most recent quarter which is valued at $815.

Eco-Stim Energy Solutions Inc opened for trading at $2.33 and hit $2.33 on the upside on Friday, eventually ending the session at $2.29, with a gain of 1.77% or 0.0399 points. The heightened volatility saw the trading volume jump to 30,188 shares. Company has a market cap of $31 M.

Many Wall Street Analysts have commented on Eco-Stim Energy Solutions Inc. Eco-Stim Energy Solutions Inc was Initiated by Credit Suisse to “Outperform” on Jul 18, 2016. 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. (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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