Emerge Energy Services LP (EMES) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Emerge Energy Services LP (NYSE:EMES) have been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $21.20.
Several analysts have recently commented on EMES shares. ValuEngine cut Emerge Energy Services from a “hold” rating to a “sell” rating in a report on Saturday, June 10th. Evercore ISI started coverage on Emerge Energy Services in a report on Thursday, May 25th. They set an “in-line” rating and a $15.00 target price on the stock. Stifel Nicolaus upgraded Emerge Energy Services from a “hold” rating to a “buy” rating and increased their target price for the stock from $14.00 to $16.00 in a report on Thursday, May 4th. Zacks Investment Research cut Emerge Energy Services from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Finally, Goldman Sachs Group, Inc. (The) increased their target price on Emerge Energy Services from $28.50 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th.
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Emerge Energy Services (NYSE:EMES) opened at 8.32 on Friday. The stock’s 50 day moving average is $11.16 and its 200 day moving average is $13.89. The firm’s market cap is $250.19 million. Emerge Energy Services has a one year low of $7.72 and a one year high of $24.45.
Emerge Energy Services (NYSE:EMES) last released its quarterly earnings data on Wednesday, May 3rd. The oil and gas company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by $0.04. Emerge Energy Services had a negative return on equity of 267.51% and a negative net margin of 28.69%. The company had revenue of $75.30 million for the quarter, compared to analyst estimates of $71.75 million. During the same quarter in the prior year, the company earned ($1.43) earnings per share. The business’s revenue was up 153.5% compared to the same quarter last year. On average, equities research analysts expect that Emerge Energy Services will post ($0.19) earnings per share for the current year.
Institutional investors have recently bought and sold shares of the stock. FNY Partners Fund LP purchased a new position in Emerge Energy Services during the first quarter valued at about $117,000. Deprince Race & Zollo Inc. boosted its position in Emerge Energy Services by 4.0% in the first quarter. Deprince Race & Zollo Inc. now owns 10,400 shares of the oil and gas company’s stock valued at $144,000 after buying an additional 400 shares in the last quarter. Peconic Partners LLC purchased a new position in Emerge Energy Services during the first quarter valued at about $150,000. KCG Holdings Inc. purchased a new position in Emerge Energy Services during the first quarter valued at about $165,000. Finally, Stifel Financial Corp boosted its position in Emerge Energy Services by 16.3% in the first quarter. Stifel Financial Corp now owns 15,406 shares of the oil and gas company’s stock valued at $217,000 after buying an additional 2,155 shares in the last quarter. Institutional investors and hedge funds own 41.28% of the company’s stock.
About Emerge Energy Services
Emerge Energy Services LP owns, operates, acquires and develops a portfolio of energy service assets. The Company operates through Sand segment. The Company conducts its Sand operations through its subsidiary, Superior Silica Sands LLC (SSS). The Company’s Sand business mines, processes and distributes silica sand, an input for the hydraulic fracturing of oil and gas wells.
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