Emerge Energy Services Receives Consensus Rating of “Buy” from Analysts (NASDAQ:EMES)
Shares of Emerge Energy Services (NASDAQ:EMES) have earned a consensus rating of “Buy” from the seven analysts that are covering the company, Analyst Ratings.Net reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $97.42.
EMES has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Emerge Energy Services from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 15th. They now have a $115.00 price target on the stock. Separately, 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. Finally, 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.
Shares of Emerge Energy Services (NASDAQ:EMES) opened at 115.47 on Tuesday. Emerge Energy Services has a one year low of $23.54 and a one year high of $120.89. The stock has a 50-day moving average of $107.0 and a 200-day moving average of $73.4. The company has a market cap of $2.728 billion and a price-to-earnings ratio of 90.34.
Emerge Energy Services (NASDAQ:EMES) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.12. On average, analysts predict that Emerge Energy Services will post $3.49 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 14th. Shareholders of record on Wednesday, August 6th will be paid a dividend of $1.17 per share. This represents a $4.68 annualized dividend and a dividend yield of 4.05%. The ex-dividend date is Monday, August 4th. This is a positive change from Emerge Energy Services’s previous quarterly dividend of $1.13.
In other Emerge Energy Services news, CAO Richard L. Deshazo sold 404 shares of the company’s stock on the open market in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $105.24, for a total value of $42,516.96. The transaction was disclosed in a document filed with the SEC, which is available at this link.
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