Emerge Energy Services LP (EMES) to Release Earnings on Thursday
Emerge Energy Services LP (NYSE:EMES) will be releasing its earnings data before the market opens on Thursday, August 3rd. Analysts expect Emerge Energy Services to post earnings of ($0.09) per share for the quarter.
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 for the quarter, missing the consensus estimate of ($0.34) by $0.04. The company had revenue of $75.30 million for the quarter, compared to the consensus estimate of $71.75 million. Emerge Energy Services had a negative return on equity of 267.51% and a negative net margin of 28.69%. The business’s revenue was up 153.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.43) earnings per share. On average, analysts expect Emerge Energy Services to post $-0.19 EPS for the current fiscal year and $2.34 EPS for the next fiscal year.
Emerge Energy Services LP (EMES) traded up 1.5100% during midday trading on Thursday, hitting $7.0854. The stock had a trading volume of 103,452 shares. The company’s market cap is $213.07 million. The stock’s 50-day moving average is $8.69 and its 200-day moving average is $13.15. Emerge Energy Services LP has a one year low of $6.61 and a one year high of $24.45.
Several research analysts have weighed in on the stock. Zacks Investment Research cut shares of Emerge Energy Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Cowen and Company reaffirmed a “hold” rating and set a $12.00 target price on shares of Emerge Energy Services in a report on Tuesday, July 11th. Stifel Nicolaus lowered their target price on shares of Emerge Energy Services from $17.00 to $14.00 and set a “hold” rating on the stock in a report on Thursday, March 30th. Goldman Sachs Group, Inc. (The) raised their target price on shares of Emerge Energy Services from $28.50 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. Finally, ValuEngine cut shares of Emerge Energy Services from a “hold” rating to a “sell” rating in a report on Saturday, June 10th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.00.
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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