Eco-Stim Energy Solutions, Inc. (ESES) Stock Faces Higher Risks Forward After Forming Wedge Down Chart Pattern

February 15, 2018 - By Max Morgan

The stock of Eco-Stim Energy Solutions, Inc. (ESES) formed a down wedge with $1.27 target or 4.00 % below today’s $1.32 share price. The 5 months wedge indicates high risk for the $98.26M company. If the $1.27 price target is reached, the company will be worth $3.93M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock decreased 1.63% or $0.0219 during the last trading session, reaching $1.3181. About 2,654 shares traded. Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) has declined 46.02% since February 15, 2017 and is downtrending. It has underperformed by 62.72% the S&P500.

Analysts await Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) to report earnings on March, 9. They expect $-0.02 EPS, up 91.30 % or $0.21 from last year’s $-0.23 per share. After $-0.06 actual EPS reported by Eco-Stim Energy Solutions, Inc. for the previous quarter, Wall Street now forecasts -66.67 % EPS growth.

Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) Ratings Coverage

Among 6 analysts covering Eco-Stim Energy (NASDAQ:ESES), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Eco-Stim Energy had 12 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Monday, July 18 by Credit Suisse. The company was downgraded on Wednesday, June 21 by Seaport Global. The firm has “Outperform” rating by Credit Suisse given on Monday, August 14. The stock has “Buy” rating by Seaport Global on Tuesday, March 15. FBR Capital maintained Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) on Monday, June 5 with “Buy” rating. The rating was upgraded by Seaport Global on Wednesday, December 20 to “Buy”. On Wednesday, August 12 the stock rating was initiated by Evercore with “Buy”. The rating was maintained by TH Capital with “Buy” on Monday, August 10. The stock of Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) has “Outperform” rating given on Tuesday, July 21 by FBR Capital.

More notable recent Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) news were published by: Marketwired.com which released: “Eco-Stim Energy Solutions Closes Private Placement of $28 Million of Common Stock” on August 08, 2017, also Seekingalpha.com with their article: “Eco-Stim’s (ESES) CEO Chris Boswell on Q3 2017 Results – Earnings Call Transcript” published on November 10, 2017, Quotes.Wsj.com published: “Eco-Stim Energy Solutions Inc. ESES (US: Nasdaq)” on November 09, 2013. More interesting news about Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) were released by: Seekingalpha.com and their article: “Eco-Stim Energy Solutions – A Little-Known EM Oil Play With Large Growth Potential” published on September 19, 2016 as well as Seekingalpha.com‘s news article titled: “Eco-Stim Energy Solutions, Inc. (ESES) CEO J. Chris Boswell on Q4 2016 Results …” with publication date: March 10, 2017.

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