Emerge Energy Services LP (EMES) Receives Consensus Rating of “Hold” from Brokerages
Shares of Emerge Energy Services LP (NYSE:EMES) have been assigned an average rating of “Hold” from the twelve research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $15.88.
A number of equities analysts recently issued reports on EMES shares. Zacks Investment Research raised shares of Emerge Energy Services from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. Cowen set a $12.00 price target on shares of Emerge Energy Services and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Piper Jaffray Companies started coverage on shares of Emerge Energy Services in a research note on Monday, September 25th. They issued a “neutral” rating and a $10.00 price target for the company. B. Riley started coverage on shares of Emerge Energy Services in a research note on Wednesday, December 6th. They issued a “neutral” rating and a $9.00 price target for the company. Finally, BidaskClub raised shares of Emerge Energy Services from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th.
In other Emerge Energy Services news, Director Mark A. Gottfredson bought 68,850 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was acquired at an average price of $8.66 per share, with a total value of $596,241.00. Following the completion of the purchase, the director now owns 65,840 shares of the company’s stock, valued at $570,174.40. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.
Emerge Energy Services (NYSE EMES) opened at $8.88 on Tuesday. Emerge Energy Services has a one year low of $5.65 and a one year high of $24.45. The company has a market cap of $267.76, a PE ratio of -8.22 and a beta of 1.58. The company has a debt-to-equity ratio of 3.64, a quick ratio of 1.04 and a current ratio of 1.48.
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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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