EcoStim Energy Solutions Reports Second Quarter 2018 Results
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Eco-Stim Energy (ESES) PT Lowered to $0.50 at Imperial Capital Following 2Q
August 15, 2018 8:12 AM EDTImperial Capital analyst Jason Wangler lowered the price target on Eco-Stim Energy (NASDAQ: ESES) to $0.50 (from $1.00) while maintaining an In-Line rating following the companys 2Q18 results. ESES 2Q18 results were below expectations, and included adjusted EPS of -$0.16 vs. -$0.07 consensus.
Though the... More
Eco-Stim Energy (ESES) PT Lowered to $1 at Evercore ISI
August 14, 2018 4:55 PM EDTEvercore ISI analyst James West lowered the price target on Eco-Stim Energy (NASDAQ: ESES) to $1.00 (from $2.00) while maintaining a In Line rating.
... MoreEco-stim Energy Solutions (ESES) Misses Q2 EPS by 15c, Revenues Miss
August 14, 2018 6:07 AM EDTEco-stim Energy Solutions (NASDAQ: ESES) reported Q2 EPS of ($0.22), $0.15 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $18.2 million versus the consensus estimate of $28.3 million.
Revenues for Q2 2018 grew 114% over Q2 2017 to $18.2 million from $8.5 million; revenues for Q2 2018 increased by $0.4 million as compared with Q1 2018Two U.S. fleets combined into one super fleet to improve efficiency; resulted in new Company record with 130 stages completed in June 2018 and Company record fleet revenue set in July 2018U.S. gross margin improved from a loss of $3.4 million... More