$111.44 Million in Sales Expected for Emerge Energy Services LP (EMES) This Quarter

Equities analysts forecast that Emerge Energy Services LP (NYSE:EMES) will post $111.44 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Emerge Energy Services’ earnings, with estimates ranging from $104.60 million to $119.10 million. Emerge Energy Services posted sales of $42.62 million during the same quarter last year, which would indicate a positive year over year growth rate of 161.5%. The company is expected to report its next quarterly earnings report on Monday, February 26th.

According to Zacks, 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 business will post sales of $536.82 million per share, with estimates ranging from $514.70 million to $564.62 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Emerge Energy Services.

Emerge Energy Services (NYSE:EMES) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.25. Emerge Energy Services had a negative net margin of 10.94% and a negative return on equity of 69.67%.

A number of equities analysts have issued reports on EMES shares. B. Riley started coverage on Emerge Energy Services in a report on Wednesday, December 6th. They set a “neutral” rating and a $9.00 target price for the company. Piper Jaffray Companies reiterated a “hold” rating and set a $8.75 target price on shares of Emerge Energy Services in a report on Tuesday, December 26th. Zacks Investment Research upgraded Emerge Energy Services from a “sell” rating to a “hold” rating in a report on Monday, November 6th. BidaskClub upgraded Emerge Energy Services from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Cowen set a $12.00 target price on Emerge Energy Services and gave the stock a “hold” rating in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Emerge Energy Services has a consensus rating of “Hold” and an average target price of $15.22.

In related news, Director Mark A. Gottfredson acquired 68,850 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was bought at an average price of $8.66 per share, for a total transaction of $596,241.00. Following the acquisition, the director now directly owns 65,840 shares of the company’s stock, valued at $570,174.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Several hedge funds and other institutional investors have recently made changes to their positions in EMES. Wells Fargo & Company MN grew its holdings in shares of Emerge Energy Services by 103.9% in the 2nd 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. Penn Capital Management Co. Inc. lifted its stake in Emerge Energy Services by 78.2% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 199,144 shares of the oil and gas company’s stock valued at $1,794,000 after purchasing an additional 87,360 shares during the last quarter. California Public Employees Retirement System lifted its stake in Emerge Energy Services by 1.8% in the 2nd quarter. California Public Employees Retirement System now owns 279,100 shares of the oil and gas company’s stock valued at $2,515,000 after purchasing an additional 5,000 shares during the last quarter. Virtu KCG Holdings LLC lifted its stake in Emerge Energy Services by 216.4% in the 2nd quarter. Virtu KCG Holdings LLC now owns 37,637 shares of the oil and gas company’s stock valued at $339,000 after purchasing an additional 25,741 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in Emerge Energy Services by 13.2% in 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. Institutional investors own 23.32% of the company’s stock.

Emerge Energy Services (NYSE EMES) opened at $8.82 on Friday. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.48 and a quick ratio of 1.04. Emerge Energy Services has a 1-year low of $5.65 and a 1-year high of $24.45.

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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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