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Emerge Energy Services (NASDAQ:EMES) was downgraded by Robert W. Baird from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports. They currently have a $132.00 target price on the stock. Robert W. Baird’s price objective would suggest a potential downside of 8.44% from the company’s current price. The analysts noted that the move was a valuation call.

Shares of Emerge Energy Services (NASDAQ:EMES) traded down 7.18% during mid-day trading on Tuesday, hitting $133.82. 1,529,342 shares of the company’s stock traded hands. Emerge Energy Services has a one year low of $28.74 and a one year high of $145.72. The stock’s 50-day moving average is $117.0 and its 200-day moving average is $86.63. The company has a market cap of $3.174 billion and a price-to-earnings ratio of 50.98.

Emerge Energy Services (NASDAQ:EMES) last announced its earnings results on Wednesday, August 6th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.01. Analysts expect that Emerge Energy Services will post $3.60 EPS for the current fiscal year.

A number of other firms have also recently commented on EMES. Analysts at Wunderlich raised their price target on shares of Emerge Energy Services from $120.00 to $145.00 in a research note on Monday, August 18th. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $119.00.

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