Emerge Energy Services’ (EMES) “Hold” Rating Reaffirmed at Piper Jaffray Companies
Emerge Energy Services LP (NYSE:EMES)‘s stock had its “hold” rating reissued by investment analysts at Piper Jaffray Companies in a report issued on Friday. They presently have a $10.00 price objective on the oil and gas company’s stock. Piper Jaffray Companies’ price objective would suggest a potential upside of 31.23% from the company’s current price.
Several other research firms also recently weighed in on EMES. Zacks Investment Research upgraded Emerge Energy Services from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub upgraded Emerge Energy Services from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Cowen and Company restated a “hold” rating and issued a $12.00 price target on shares of Emerge Energy Services in a research note on Tuesday, July 11th. Janney Montgomery Scott began coverage on Emerge Energy Services in a research note on Wednesday, September 6th. They issued a “neutral” rating and a $8.00 price target on the stock. Finally, Stifel Nicolaus restated a “buy” rating and issued a $13.00 price target on shares of Emerge Energy Services in a research note on Sunday, September 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $16.13.
Shares of Emerge Energy Services (NYSE:EMES) traded down $0.55 during trading hours on Friday, hitting $7.62. 704,741 shares of the stock traded hands, compared to its average volume of 488,632. The company has a quick ratio of 1.26, a current ratio of 1.79 and a debt-to-equity ratio of 4.46.
Emerge Energy Services (NYSE:EMES) last posted its quarterly earnings results 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). The company had revenue of $82.60 million during the quarter, compared to analysts’ expectations of $97.18 million. Emerge Energy Services had a negative return on equity of 69.72% and a negative net margin of 10.94%. The business’s quarterly revenue was up 233.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($1.17) EPS. sell-side analysts expect that Emerge Energy Services will post -0.53 EPS for the current year.
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Institutional investors and hedge funds have recently modified their holdings of the business. FineMark National Bank & Trust purchased a new stake in Emerge Energy Services during the 3rd quarter valued at $132,000. Deprince Race & Zollo Inc. boosted its stake in Emerge Energy Services by 53.8% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 16,000 shares of the oil and gas company’s stock valued at $144,000 after purchasing an additional 5,600 shares during the last quarter. Sanders Morris Harris LLC purchased a new stake in Emerge Energy Services during the 2nd quarter valued at $151,000. Stifel Financial Corp boosted its stake 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 purchasing an additional 2,027 shares during the last quarter. Finally, KCG Holdings Inc. purchased a new stake in Emerge Energy Services during the 1st quarter valued at $165,000. Institutional investors and hedge funds own 29.88% of the company’s stock.
Emerge Energy Services Company Profile
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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