Eco-Stim Energy Solutions Inc. (ESES) Dives 3.3% in Morning Session on February 1

Eco-Stim Energy Solutions Inc. (ESES) lost ground during morning trading on February 1 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the basic materials sector halfway through the trading day. At the lunch break, shares of ESES have fallen 3.3% to $1.43 after closing the day prior at $1.48. So far, the stock has traded as high as $1.6 and as low as $1.32. Today's decline has come with about 784,346 shares changing hands, compared to an average 30-day volume of 1.11 million for Eco-Stim Energy Solutions Inc.. The price is currently below the 30-day volume weighted average price of $1.45 for ESES.

The share depreciation gives the company a market capitalization of $21.32 million based upon 14.42 million shares outstanding. It also means that ESES has a price-to-book ratio of 0.55:1.

In the past 52 weeks, shares of ESES have traded as low as $0.66 and as high as $3.38. Technical traders will take note that at $1.43, shares of ESES are trading below their 200-day MA at $2.15 and above their 50-day MA at $1.43. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.

Who is ESES?

Eco-Stim Energy Solutions Inc is an early stage technology-driven independent oilfield services company. The Company is engaged in providing well stimulation, coiled tubing and field management services to the upstream oil and gas industry. The company’s 79 employees are led by CEO Jon Christopher Boswell from the corporate headquarters at 2930 W. Sam Houston Pkwy N in Houston, TX.

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