Analysts expect Emerge Energy Services LP (NYSE:EMES) to post $111.44 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Emerge Energy Services’ earnings, with the highest sales estimate coming in at $119.10 million and the lowest estimate coming in at $104.60 million. Emerge Energy Services reported sales of $42.62 million in the same quarter last year, which would suggest a positive year over year growth rate of 161.5%. The company is expected to issue its next earnings results on Monday, February 26th.
On average, analysts expect that Emerge Energy Services will report full-year sales of $111.44 million for the current year, with estimates ranging from $364.30 million to $380.30 million. For the next fiscal year, analysts anticipate that the firm will post sales of $536.82 million per share, with estimates ranging from $514.70 million to $564.62 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Emerge Energy Services.
A number of research firms have recently commented on EMES. ValuEngine cut shares of Emerge Energy Services from a “sell” rating to a “strong sell” rating in a research report on Sunday. BidaskClub raised shares of Emerge Energy Services from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Piper Jaffray Companies reissued a “hold” rating and set a $8.75 target price on shares of Emerge Energy Services in a research report on Tuesday, December 26th. Janney Montgomery Scott began coverage on shares of Emerge Energy Services in a research report on Wednesday, September 6th. They set a “neutral” rating and a $8.00 target price on the stock. Finally, Zacks Investment Research raised shares of Emerge Energy Services from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. Emerge Energy Services currently has a consensus rating of “Hold” and an average price target of $15.22.
In related news, Director Mark A. Gottfredson purchased 68,850 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were purchased at an average cost of $8.66 per share, with a total value of $596,241.00. Following the completion of the acquisition, the director now directly owns 65,840 shares of the company’s stock, valued at approximately $570,174.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Institutional investors and hedge funds have recently bought and sold shares of the stock. FineMark National Bank & Trust acquired a new stake in Emerge Energy Services in the third quarter valued at $132,000. Stifel Financial Corp raised its holdings in Emerge Energy Services by 13.2% in the second quarter. Stifel Financial Corp now owns 17,433 shares of the oil and gas company’s stock valued at $156,000 after acquiring an additional 2,027 shares in the last quarter. B. Riley Financial Inc. acquired a new stake in Emerge Energy Services in the third quarter valued at $190,000. Royal Bank of Canada raised its holdings in Emerge Energy Services by 6.6% in the second quarter. Royal Bank of Canada now owns 25,187 shares of the oil and gas company’s stock valued at $227,000 after acquiring an additional 1,550 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Emerge Energy Services by 103.9% in the second quarter. Wells Fargo & Company MN now owns 32,144 shares of the oil and gas company’s stock valued at $290,000 after acquiring an additional 16,379 shares in the last quarter. 23.32% of the stock is currently owned by hedge funds and other institutional investors.
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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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