Emerge Energy Services LP (NYSE:EMES)‘s stock had its “hold” rating reaffirmed by investment analysts at Cowen and Company in a report released on Friday. They presently have a $12.00 target price on the oil and gas company’s stock. Cowen and Company’s price target points to a potential upside of 94.81% from the stock’s current price.

Several other equities research analysts have also weighed in on the company. Goldman Sachs Group, Inc. (The) lifted their price objective on Emerge Energy Services from $25.59 to $28.50 and gave the stock a “buy” rating in a report on Monday, April 17th. Evercore ISI initiated coverage on Emerge Energy Services in a report on Thursday, May 25th. They issued an “in-line” rating and a $15.00 price objective for the company. Stifel Nicolaus raised Emerge Energy Services from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $14.00 to $16.00 in a report on Thursday, May 4th. Zacks Investment Research raised Emerge Energy Services from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Wednesday, July 5th. Finally, ValuEngine lowered Emerge Energy Services from a “hold” rating to a “sell” rating in a report on Saturday, June 10th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $19.00.

Shares of Emerge Energy Services (EMES) traded down 1.75% during midday trading on Friday, hitting $6.16. 268,136 shares of the stock were exchanged. The firm’s market capitalization is $185.72 million. Emerge Energy Services has a 1-year low of $5.77 and a 1-year high of $24.45. The stock’s 50-day moving average price is $7.75 and its 200-day moving average price is $12.53.

Emerge Energy Services (NYSE:EMES) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.09) by $0.02. Emerge Energy Services had a negative return on equity of 170.44% and a negative net margin of 14.29%. The firm had revenue of $82.60 million during the quarter, compared to analysts’ expectations of $97.18 million. During the same period last year, the business posted ($1.17) EPS. The company’s revenue was up 233.1% compared to the same quarter last year. On average, analysts forecast that Emerge Energy Services will post ($0.43) EPS for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of EMES. Bank of America Corp DE increased its position 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 in the last quarter. Morgan Stanley increased its position in shares of Emerge Energy Services by 170.0% in the fourth quarter. Morgan Stanley now owns 830,706 shares of the oil and gas company’s stock valued at $3,846,000 after buying an additional 523,070 shares in the last quarter. Bank of Montreal Can increased its position in shares of Emerge Energy Services by 41.2% in the second quarter. Bank of Montreal Can now owns 534,400 shares of the oil and gas company’s stock valued at $4,815,000 after buying an additional 155,900 shares in the last quarter. Credit Suisse AG increased its position 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 in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Emerge Energy Services by 33.0% in the third quarter. JPMorgan Chase & Co. now owns 449,069 shares of the oil and gas company’s stock valued at $5,856,000 after buying an additional 111,345 shares in the last quarter. Institutional investors and hedge funds own 42.44% 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.

Analyst Recommendations for Emerge Energy Services (NYSE:EMES)

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