Emerge Energy Services PT Raised to $145.00 at Wunderlich (EMES)
Stock analysts at Wunderlich boosted their price target on shares of Emerge Energy Services (NASDAQ:EMES) from $120.00 to $145.00 in a report issued on Monday. The firm currently has a “buy” rating on the stock. Wunderlich’s price objective would suggest a potential upside of 23.04% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus raised their price target on shares of Emerge Energy Services from $120.00 to $136.00 in a research note on Thursday, August 7th. They now have a “buy” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Emerge Energy Services in a research note on Tuesday, July 29th. They now have a $127.00 price target on the stock, up previously from $87.50. Finally, analysts at Cowen and Company initiated coverage on shares of Emerge Energy Services in a research note on Tuesday, July 29th. They set an “outperform” rating and a $124.00 price target on the stock. Seven analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of $112.33.
Shares of Emerge Energy Services (NASDAQ:EMES) traded up 2.37% during mid-day trading on Monday, hitting $120.64. 82,161 shares of the company’s stock traded hands. Emerge Energy Services has a 52-week low of $26.34 and a 52-week high of $123.89. The stock has a 50-day moving average of $111.0 and a 200-day moving average of $80.65. The company has a market cap of $2.861 billion and a price-to-earnings ratio of 41.67.
Emerge Energy Services (NASDAQ:EMES) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.83 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.82 by $0.01. On average, analysts predict that Emerge Energy Services will post $3.60 earnings per share for the current fiscal year.
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