Intrinsic value of Eco-Stim Energy Solutions - ESES

Previous Close

$0.14

  Intrinsic Value

$0.24

stock screener

  Rating & Target

str. buy

+73%

Previous close

$0.14

 
Intrinsic value

$0.24

 
Up/down potential

+73%

 
Rating

str. buy

We calculate the intrinsic value of ESES stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  60.00
  54.50
  49.55
  45.10
  41.09
  37.48
  34.23
  31.31
  28.68
  26.31
  24.18
  22.26
  20.53
  18.98
  17.58
  16.32
  15.19
  14.17
  13.26
  12.43
  11.69
  11.02
  10.42
  9.87
  9.39
  8.95
  8.55
  8.20
  7.88
  7.59
Revenue, $m
  70
  109
  163
  236
  333
  458
  615
  807
  1,039
  1,312
  1,629
  1,992
  2,401
  2,856
  3,358
  3,907
  4,500
  5,138
  5,819
  6,542
  7,307
  8,112
  8,957
  9,841
  10,765
  11,728
  12,732
  13,775
  14,861
  15,989
Variable operating expenses, $m
  96
  148
  222
  322
  454
  625
  838
  1,101
  1,417
  1,789
  2,222
  2,717
  3,274
  3,896
  4,581
  5,329
  6,138
  7,008
  7,937
  8,924
  9,967
  11,065
  12,217
  13,424
  14,684
  15,998
  17,366
  18,790
  20,270
  21,809
Fixed operating expenses, $m
  11
  11
  12
  12
  12
  13
  13
  13
  13
  14
  14
  14
  15
  15
  15
  16
  16
  16
  17
  17
  17
  18
  18
  19
  19
  19
  20
  20
  21
  21
Total operating expenses, $m
  107
  159
  234
  334
  466
  638
  851
  1,114
  1,430
  1,803
  2,236
  2,731
  3,289
  3,911
  4,596
  5,345
  6,154
  7,024
  7,954
  8,941
  9,984
  11,083
  12,235
  13,443
  14,703
  16,017
  17,386
  18,810
  20,291
  21,830
Operating income, $m
  -37
  -51
  -71
  -98
  -134
  -179
  -237
  -307
  -391
  -491
  -607
  -739
  -888
  -1,055
  -1,238
  -1,438
  -1,654
  -1,886
  -2,135
  -2,398
  -2,677
  -2,970
  -3,278
  -3,601
  -3,937
  -4,289
  -4,654
  -5,034
  -5,430
  -5,841
EBITDA, $m
  -24
  -31
  -41
  -55
  -73
  -96
  -124
  -159
  -202
  -251
  -309
  -375
  -450
  -532
  -624
  -723
  -831
  -947
  -1,071
  -1,202
  -1,341
  -1,487
  -1,641
  -1,802
  -1,969
  -2,144
  -2,327
  -2,516
  -2,713
  -2,918
Interest expense (income), $m
  3
  1
  3
  6
  10
  16
  24
  34
  47
  62
  80
  102
  127
  156
  189
  225
  265
  309
  356
  407
  461
  519
  580
  644
  711
  782
  855
  932
  1,012
  1,095
  1,182
Earnings before tax, $m
  -38
  -54
  -77
  -108
  -150
  -203
  -271
  -353
  -453
  -571
  -709
  -867
  -1,045
  -1,243
  -1,463
  -1,703
  -1,963
  -2,243
  -2,542
  -2,860
  -3,196
  -3,550
  -3,922
  -4,312
  -4,719
  -5,144
  -5,586
  -6,047
  -6,525
  -7,023
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -38
  -54
  -77
  -108
  -150
  -203
  -271
  -353
  -453
  -571
  -709
  -867
  -1,045
  -1,243
  -1,463
  -1,703
  -1,963
  -2,243
  -2,542
  -2,860
  -3,196
  -3,550
  -3,922
  -4,312
  -4,719
  -5,144
  -5,586
  -6,047
  -6,525
  -7,023

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  166
  257
  384
  557
  786
  1,080
  1,450
  1,904
  2,450
  3,094
  3,842
  4,697
  5,662
  6,736
  7,921
  9,214
  10,614
  12,118
  13,724
  15,430
  17,233
  19,132
  21,125
  23,211
  25,390
  27,661
  30,028
  32,489
  35,049
  37,709
Adjusted assets (=assets-cash), $m
  166
  257
  384
  557
  786
  1,080
  1,450
  1,904
  2,450
  3,094
  3,842
  4,697
  5,662
  6,736
  7,921
  9,214
  10,614
  12,118
  13,724
  15,430
  17,233
  19,132
  21,125
  23,211
  25,390
  27,661
  30,028
  32,489
  35,049
  37,709
Revenue / Adjusted assets
  0.422
  0.424
  0.424
  0.424
  0.424
  0.424
  0.424
  0.424
  0.424
  0.424
  0.424
  0.424
  0.424
  0.424
  0.424
  0.424
  0.424
  0.424
  0.424
  0.424
  0.424
  0.424
  0.424
  0.424
  0.424
  0.424
  0.424
  0.424
  0.424
  0.424
Average production assets, $m
  91
  141
  211
  306
  432
  594
  798
  1,048
  1,348
  1,703
  2,114
  2,585
  3,116
  3,707
  4,359
  5,071
  5,841
  6,669
  7,553
  8,492
  9,484
  10,529
  11,626
  12,774
  13,973
  15,224
  16,526
  17,881
  19,289
  20,753
Working capital, $m
  -5
  -7
  -11
  -16
  -22
  -30
  -41
  -53
  -69
  -87
  -108
  -131
  -158
  -189
  -222
  -258
  -297
  -339
  -384
  -432
  -482
  -535
  -591
  -650
  -711
  -774
  -840
  -909
  -981
  -1,055
Total debt, $m
  28
  55
  93
  145
  213
  301
  412
  547
  710
  903
  1,127
  1,383
  1,671
  1,992
  2,346
  2,733
  3,152
  3,601
  4,082
  4,592
  5,131
  5,699
  6,294
  6,918
  7,570
  8,249
  8,956
  9,692
  10,458
  11,253
Total liabilities, $m
  50
  77
  115
  167
  235
  323
  433
  569
  732
  925
  1,149
  1,404
  1,693
  2,014
  2,368
  2,755
  3,173
  3,623
  4,103
  4,614
  5,153
  5,720
  6,316
  6,940
  7,591
  8,271
  8,978
  9,714
  10,480
  11,275
Total equity, $m
  116
  180
  269
  390
  551
  757
  1,016
  1,334
  1,717
  2,169
  2,693
  3,293
  3,969
  4,722
  5,553
  6,459
  7,440
  8,495
  9,621
  10,816
  12,080
  13,411
  14,808
  16,271
  17,798
  19,391
  21,049
  22,775
  24,569
  26,434
Total liabilities and equity, $m
  166
  257
  384
  557
  786
  1,080
  1,449
  1,903
  2,449
  3,094
  3,842
  4,697
  5,662
  6,736
  7,921
  9,214
  10,613
  12,118
  13,724
  15,430
  17,233
  19,131
  21,124
  23,211
  25,389
  27,662
  30,027
  32,489
  35,049
  37,709
Debt-to-equity ratio
  0.240
  0.300
  0.350
  0.370
  0.390
  0.400
  0.400
  0.410
  0.410
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
Adjusted equity ratio
  0.701
  0.701
  0.701
  0.701
  0.701
  0.701
  0.701
  0.701
  0.701
  0.701
  0.701
  0.701
  0.701
  0.701
  0.701
  0.701
  0.701
  0.701
  0.701
  0.701
  0.701
  0.701
  0.701
  0.701
  0.701
  0.701
  0.701
  0.701
  0.701
  0.701

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -38
  -54
  -77
  -108
  -150
  -203
  -271
  -353
  -453
  -571
  -709
  -867
  -1,045
  -1,243
  -1,463
  -1,703
  -1,963
  -2,243
  -2,542
  -2,860
  -3,196
  -3,550
  -3,922
  -4,312
  -4,719
  -5,144
  -5,586
  -6,047
  -6,525
  -7,023
Depreciation, amort., depletion, $m
  13
  20
  30
  43
  61
  84
  112
  148
  190
  240
  298
  364
  439
  522
  614
  714
  823
  939
  1,064
  1,196
  1,336
  1,483
  1,637
  1,799
  1,968
  2,144
  2,328
  2,518
  2,717
  2,923
Funds from operations, $m
  -25
  -34
  -47
  -65
  -89
  -120
  -158
  -206
  -263
  -332
  -411
  -502
  -606
  -721
  -849
  -989
  -1,140
  -1,303
  -1,478
  -1,664
  -1,860
  -2,067
  -2,285
  -2,513
  -2,751
  -3,000
  -3,259
  -3,528
  -3,808
  -4,100
Change in working capital, $m
  -2
  -3
  -4
  -5
  -6
  -8
  -10
  -13
  -15
  -18
  -21
  -24
  -27
  -30
  -33
  -36
  -39
  -42
  -45
  -48
  -50
  -53
  -56
  -58
  -61
  -64
  -66
  -69
  -72
  -74
Cash from operations, $m
  -23
  -32
  -44
  -60
  -83
  -111
  -148
  -193
  -248
  -314
  -390
  -479
  -579
  -691
  -816
  -952
  -1,101
  -1,261
  -1,433
  -1,616
  -1,810
  -2,014
  -2,229
  -2,455
  -2,690
  -2,936
  -3,192
  -3,459
  -3,737
  -4,025
Maintenance CAPEX, $m
  -8
  -13
  -20
  -30
  -43
  -61
  -84
  -112
  -148
  -190
  -240
  -298
  -364
  -439
  -522
  -614
  -714
  -823
  -939
  -1,064
  -1,196
  -1,336
  -1,483
  -1,637
  -1,799
  -1,968
  -2,144
  -2,328
  -2,518
  -2,717
New CAPEX, $m
  -34
  -50
  -70
  -95
  -126
  -162
  -203
  -250
  -300
  -355
  -412
  -471
  -531
  -591
  -652
  -712
  -770
  -828
  -884
  -939
  -992
  -1,045
  -1,097
  -1,148
  -1,199
  -1,250
  -1,302
  -1,355
  -1,409
  -1,464
Cash from investing activities, $m
  -42
  -63
  -90
  -125
  -169
  -223
  -287
  -362
  -448
  -545
  -652
  -769
  -895
  -1,030
  -1,174
  -1,326
  -1,484
  -1,651
  -1,823
  -2,003
  -2,188
  -2,381
  -2,580
  -2,785
  -2,998
  -3,218
  -3,446
  -3,683
  -3,927
  -4,181
Free cash flow, $m
  -66
  -95
  -134
  -185
  -252
  -334
  -435
  -555
  -696
  -858
  -1,042
  -1,247
  -1,474
  -1,721
  -1,990
  -2,278
  -2,585
  -2,912
  -3,256
  -3,618
  -3,998
  -4,395
  -4,809
  -5,240
  -5,688
  -6,155
  -6,639
  -7,142
  -7,664
  -8,206
Issuance/(repayment) of debt, $m
  19
  27
  38
  52
  68
  88
  111
  136
  163
  193
  224
  256
  288
  321
  354
  387
  419
  450
  480
  510
  539
  568
  596
  624
  651
  679
  707
  736
  765
  795
Issuance/(repurchase) of shares, $m
  82
  118
  166
  230
  310
  410
  530
  672
  836
  1,023
  1,233
  1,466
  1,721
  1,997
  2,293
  2,609
  2,944
  3,297
  3,668
  4,055
  4,460
  4,881
  5,319
  5,774
  6,247
  6,737
  7,245
  7,772
  8,320
  8,888
Cash from financing (excl. dividends), $m  
  101
  145
  204
  282
  378
  498
  641
  808
  999
  1,216
  1,457
  1,722
  2,009
  2,318
  2,647
  2,996
  3,363
  3,747
  4,148
  4,565
  4,999
  5,449
  5,915
  6,398
  6,898
  7,416
  7,952
  8,508
  9,085
  9,683
Total cash flow (excl. dividends), $m
  35
  50
  71
  96
  127
  163
  205
  252
  303
  358
  415
  475
  535
  597
  658
  718
  777
  835
  892
  947
  1,001
  1,054
  1,106
  1,158
  1,210
  1,261
  1,314
  1,367
  1,421
  1,477
Retained Cash Flow (-), $m
  -82
  -118
  -166
  -230
  -310
  -410
  -530
  -672
  -836
  -1,023
  -1,233
  -1,466
  -1,721
  -1,997
  -2,293
  -2,609
  -2,944
  -3,297
  -3,668
  -4,055
  -4,460
  -4,881
  -5,319
  -5,774
  -6,247
  -6,737
  -7,245
  -7,772
  -8,320
  -8,888
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  -47
  -67
  -96
  -134
  -183
  -246
  -325
  -420
  -533
  -665
  -818
  -991
  -1,185
  -1,400
  -1,636
  -1,891
  -2,167
  -2,462
  -2,776
  -3,108
  -3,459
  -3,827
  -4,213
  -4,616
  -5,037
  -5,475
  -5,931
  -6,406
  -6,899
  -7,411
Discount rate, %
  5.60
  5.88
  6.17
  6.48
  6.81
  7.15
  7.50
  7.88
  8.27
  8.69
  9.12
  9.58
  10.06
  10.56
  11.09
  11.64
  12.22
  12.84
  13.48
  14.15
  14.86
  15.60
  16.38
  17.20
  18.06
  18.96
  19.91
  20.91
  21.95
  23.05
PV of cash for distribution, $m
  -44
  -60
  -80
  -104
  -132
  -163
  -196
  -229
  -261
  -289
  -313
  -331
  -341
  -343
  -338
  -325
  -305
  -280
  -251
  -220
  -189
  -158
  -129
  -102
  -79
  -60
  -44
  -31
  -22
  -15
Current shareholders' claim on cash, %
  38.4
  15.7
  6.8
  3.0
  1.4
  0.7
  0.3
  0.2
  0.1
  0.1
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0

Eco-Stim Energy Solutions, Inc. is an oilfield services company. The Company provides well stimulation, coiled tubing and field management services to the upstream oil and gas industry. The Company focuses on the active shale and unconventional oil and natural gas basins outside the United States and it has commenced operations in Argentina. The Company operates well stimulation fleets, coiled tubing units and other downhole completion equipment, as well as provides sweet spot analysis in shale resource basins using geophysical predictive modeling combined with real-time feedback from down-hole diagnostic tools. The Company offers a pumping fleet, including well-stimulation pumps, nitrogen pumping units and cranes, in both trailer-mounted and skid-mounted configurations. It provides a range of pressure-pumping services, including work-over pumping, well injection and wireline pump downs.

FINANCIAL RATIOS  of  Eco-Stim Energy Solutions (ESES)

Valuation Ratios
P/E Ratio -0.1
Price to Sales 0.3
Price to Book 0.1
Price to Tangible Book
Price to Cash Flow -0.4
Price to Free Cash Flow -0.2
Growth Rates
Sales Growth Rate -42.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -61.5%
Cap. Spend. - 3 Yr. Gr. Rate 20.1%
Financial Strength
Quick Ratio 1
Current Ratio 0
LT Debt to Equity 146.7%
Total Debt to Equity 166.7%
Interest Coverage -5
Management Effectiveness
Return On Assets -27.5%
Ret/ On Assets - 3 Yr. Avg. -23.4%
Return On Total Capital -36.7%
Ret/ On T. Cap. - 3 Yr. Avg. -32%
Return On Equity -78.3%
Return On Equity - 3 Yr. Avg. -87.2%
Asset Turnover 0.1
Profitability Ratios
Gross Margin -25%
Gross Margin - 3 Yr. Avg. -110.7%
EBITDA Margin -125%
EBITDA Margin - 3 Yr. Avg. -258.3%
Operating Margin -175%
Oper. Margin - 3 Yr. Avg. -420.2%
Pre-Tax Margin -225%
Pre-Tax Margin - 3 Yr. Avg. -339.3%
Net Profit Margin -225%
Net Profit Margin - 3 Yr. Avg. -339.3%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. 0%
Payout Ratio 0%

ESES stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ESES stock intrinsic value calculation we used $44.017748 million for the last fiscal year's total revenue generated by Eco-Stim Energy Solutions. The default revenue input number comes from 0001 income statement of Eco-Stim Energy Solutions. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our ESES stock valuation model: a) initial revenue growth rate of 60% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 5.6%, whose default value for ESES is calculated based on our internal credit rating of Eco-Stim Energy Solutions, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Eco-Stim Energy Solutions.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of ESES stock the variable cost ratio is equal to 136.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $11 million in the base year in the intrinsic value calculation for ESES stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 11.3% for Eco-Stim Energy Solutions.

Corporate tax rate of 27% is the nominal tax rate for Eco-Stim Energy Solutions. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the ESES stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for ESES are equal to 129.8%.

Life of production assets of 7.1 years is the average useful life of capital assets used in Eco-Stim Energy Solutions operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for ESES is equal to -6.6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $72.680762 million for Eco-Stim Energy Solutions - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 74.873 million for Eco-Stim Energy Solutions is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Eco-Stim Energy Solutions at the current share price and the inputted number of shares is $0.0 billion.

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COMPANY NEWS

▶ 3 Technology Stocks To Watch This Week   [Oct-22-18 01:00PM  ACCESSWIRE]
▶ EcoStim announces strengthening of management team   [Jun-15-18 06:00AM  GlobeNewswire]
▶ Eco-Stim Energy Solutions, Inc. to Host Earnings Call   [May-15-18 06:45AM  ACCESSWIRE]
▶ EcoStim Energy Solutions Reports First Quarter 2018 Results   [May-14-18 08:21PM  GlobeNewswire]
▶ Eco-Stim Energy Solutions, Inc. to Host Earnings Call   [Mar-09-18 06:00AM  ACCESSWIRE]
▶ EnerCom Dallas Announces 2018 Conference Presenters   [Jan-18-18 05:44PM  PR Newswire]
▶ Kyle Bass: Troubling Times for His Strategy   [Jan-17-18 04:47PM  GuruFocus.com]
▶ Top Growth Stocks To Buy Now   [Dec-30-17 11:02AM  Simply Wall St.]
▶ EcoStim Energy Solutions Appoints New Chairman   [Dec-18-17 04:03PM  GlobeNewswire]
▶ Eco-Stim Energy Solutions, Inc. to Host Earnings Call   [Nov-10-17 07:15AM  ACCESSWIRE]
▶ Eco-Stim Energy Solutions Announces Private Placement   [Aug-02-17 08:04PM  Marketwired]
▶ Eco-Stim Energy Solutions Provides Operational Update   [Jun-26-17 05:54PM  Marketwired]
▶ These 5 Stocks Under $10 Could Get Hot Soon   [Jan-27-17 12:17PM  TheStreet.com]

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