Emerge Energy Services Director Sells $26,922,392 in Stock (EMES)
Emerge Energy Services (NASDAQ:EMES) Director Ted W. Beneski unloaded 255,819 shares of the stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $105.24, for a total transaction of $26,922,391.56. Following the transaction, the director now directly owns 550,345 shares in the company, valued at approximately $57,918,308. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Emerge Energy Services (NASDAQ:EMES) traded down 0.06% during mid-day trading on Friday, hitting $102.08. 264,754 shares of the company’s stock traded hands. Emerge Energy Services has a 52 week low of $20.06 and a 52 week high of $116.99. The stock has a 50-day moving average of $96.28 and a 200-day moving average of $63.83. The company has a market cap of $2.412 billion and a P/E ratio of 77.44.
Emerge Energy Services (NASDAQ:EMES) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.65 by $0.12. Analysts expect that Emerge Energy Services will post $3.49 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus raised their price target on shares of Emerge Energy Services from $85.00 to $120.00 in a research note on Thursday, June 19th. They now have a “buy” rating on the stock. Separately, analysts at Stifel raised their price target on shares of Emerge Energy Services from $85.00 to $120.00 in a research note on Thursday, June 19th. They now have a “buy” rating on the stock. Finally, analysts at Wunderlich initiated coverage on shares of Emerge Energy Services in a research note on Tuesday, June 3rd. They set a “buy” rating and a $120.00 price target on the stock. Eight investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of $96.84.
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