Emerge Energy Services LP (EMES) Expected to Post Quarterly Sales of $98.70 Million
Brokerages expect Emerge Energy Services LP (NYSE:EMES) to announce $98.70 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Emerge Energy Services’ earnings, with estimates ranging from $93.30 million to $105.40 million. Emerge Energy Services posted sales of $31.29 million during the same quarter last year, which would indicate a positive year over year growth rate of 215.4%. The firm is expected to report its next quarterly earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that Emerge Energy Services will report full year sales of $98.70 million for the current financial year, with estimates ranging from $352.40 million to $377.40 million. For the next financial year, analysts expect that the firm will post sales of $501.52 million per share, with estimates ranging from $452.80 million to $553.90 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Emerge Energy Services.
Emerge Energy Services (NYSE:EMES) last issued its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.02). The business had revenue of $82.60 million during the quarter, compared to the consensus estimate of $97.18 million. Emerge Energy Services had a negative return on equity of 170.44% and a negative net margin of 14.29%. The company’s revenue for the quarter was up 233.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.17) earnings per share.
EMES has been the subject of several research reports. Seaport Global Securities reissued a “buy” rating on shares of Emerge Energy Services in a research report on Monday, August 7th. Zacks Investment Research raised Emerge Energy Services from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Wednesday, July 5th. Stifel Nicolaus reissued a “buy” rating and issued a $13.00 target price on shares of Emerge Energy Services in a research report on Sunday, September 10th. Cowen and Company reissued a “hold” rating and issued a $12.00 target price on shares of Emerge Energy Services in a research report on Tuesday, July 11th. Finally, Evercore ISI initiated coverage on Emerge Energy Services in a research report on Thursday, May 25th. They issued an “in-line” rating and a $15.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $17.00.
Shares of Emerge Energy Services (NYSE:EMES) opened at 8.05 on Friday. Emerge Energy Services has a one year low of $5.65 and a one year high of $24.45. The firm has a 50-day moving average price of $6.53 and a 200-day moving average price of $10.38. The company’s market capitalization is $242.71 million.
A number of hedge funds have recently bought and sold shares of EMES. FNY Partners Fund LP bought a new position in Emerge Energy Services during the 1st quarter valued at approximately $117,000. Deprince Race & Zollo Inc. increased its position in Emerge Energy Services by 4.0% during the 1st 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 bought a new position in Emerge Energy Services during the 1st quarter valued at approximately $150,000. Sanders Morris Harris LLC bought a new position in Emerge Energy Services during the 2nd quarter valued at approximately $151,000. Finally, Stifel Financial Corp increased its position in Emerge Energy Services by 13.2% during the 2nd quarter. Stifel Financial Corp now owns 17,433 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 2,027 shares in the last quarter. 31.03% of the stock is owned by institutional investors.
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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