Equities analysts expect Emerge Energy Services LP (NYSE:EMES) to report sales of $83.63 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Emerge Energy Services’ earnings. The highest sales estimate is $101.20 million and the lowest is $57.60 million. Emerge Energy Services posted sales of $24.83 million in the same quarter last year, which suggests a positive year over year growth rate of 236.8%. The business is expected to issue its next quarterly earnings report on Monday, August 14th.

According to Zacks, analysts expect that Emerge Energy Services will report full-year sales of $83.63 million for the current fiscal year, with estimates ranging from $257.50 million to $438.10 million. For the next year, analysts expect that the firm will post sales of $584.15 million per share, with estimates ranging from $487.80 million to $718.60 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Emerge Energy Services.

Emerge Energy Services (NYSE:EMES) last issued its quarterly earnings results on Wednesday, May 3rd. The oil and gas company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by $0.04. The firm had revenue of $75.30 million for the quarter, compared to the consensus estimate of $71.75 million. Emerge Energy Services had a negative net margin of 28.69% and a negative return on equity of 267.51%. The business’s revenue for the quarter was up 153.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.43) earnings per share.

EMES has been the subject of several research analyst reports. Stifel Nicolaus boosted their price objective on shares of Emerge Energy Services to $17.00 in a research report on Wednesday, March 1st. Zacks Investment Research upgraded shares of Emerge Energy Services from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Monday, February 27th. Goldman Sachs Group, Inc. (The) upped their target price on shares of Emerge Energy Services from $28.50 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. Evercore ISI initiated coverage on shares of Emerge Energy Services in a research report on Thursday, May 25th. They set an “in-line” rating and a $15.00 target price for the company. Finally, ValuEngine cut shares of Emerge Energy Services from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Emerge Energy Services currently has an average rating of “Hold” and a consensus price target of $21.17.

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Emerge Energy Services (EMES) opened at 8.42 on Friday. Emerge Energy Services has a 52 week low of $7.72 and a 52 week high of $24.45. The firm’s 50-day moving average price is $11.16 and its 200-day moving average price is $13.89. The company’s market capitalization is $253.20 million.

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its stake in shares of Emerge Energy Services by 16.8% in the first quarter. Bank of America Corp DE now owns 1,172,926 shares of the oil and gas company’s stock valued at $16,245,000 after buying an additional 168,346 shares during the last quarter. Credit Suisse AG boosted its stake in shares of Emerge Energy Services by 32.4% in the first quarter. Credit Suisse AG now owns 531,884 shares of the oil and gas company’s stock valued at $7,366,000 after buying an additional 130,034 shares during the last quarter. Castleark Management LLC boosted its stake in shares of Emerge Energy Services by 73.3% in the fourth quarter. Castleark Management LLC now owns 313,480 shares of the oil and gas company’s stock valued at $3,859,000 after buying an additional 132,550 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its stake in shares of Emerge Energy Services by 39.4% in the first quarter. Kayne Anderson Capital Advisors LP now owns 110,000 shares of the oil and gas company’s stock valued at $1,520,000 after buying an additional 31,116 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Emerge Energy Services by 4.4% in the first quarter. Russell Investments Group Ltd. now owns 66,894 shares of the oil and gas company’s stock valued at $926,000 after buying an additional 2,804 shares during the last quarter. Institutional investors 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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