Emerge Energy Services LP (NYSE:EMES) has received an average rating of “Hold” from the nine research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $7.80.
A number of research firms recently commented on EMES. B. Riley dropped their price target on Emerge Energy Services from $9.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, September 6th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $7.00 price target on shares of Emerge Energy Services in a research note on Tuesday, August 7th. Seaport Global Securities reaffirmed a “buy” rating and issued a $11.00 price target on shares of Emerge Energy Services in a research note on Monday, August 6th. Stifel Nicolaus downgraded Emerge Energy Services from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, ValuEngine raised Emerge Energy Services from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 31st.
Shares of Emerge Energy Services stock opened at $4.93 on Friday. The stock has a market capitalization of $152.07 million, a PE ratio of -41.08 and a beta of 1.96. Emerge Energy Services has a 52-week low of $4.46 and a 52-week high of $10.45. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.74 and a quick ratio of 1.35.
Emerge Energy Services (NYSE:EMES) last announced its earnings results on Wednesday, August 1st. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.08). The business had revenue of $101.84 million during the quarter, compared to the consensus estimate of $122.78 million. Emerge Energy Services had a net margin of 5.19% and a return on equity of 40.78%. The company’s revenue was up 23.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.11) EPS. analysts anticipate that Emerge Energy Services will post 1.25 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of the stock. Allianz Asset Management GmbH acquired a new position in Emerge Energy Services during the first quarter worth about $1,048,000. Sanders Morris Harris LLC raised its stake in Emerge Energy Services by 156.1% during the second quarter. Sanders Morris Harris LLC now owns 88,600 shares of the oil and gas company’s stock worth $632,000 after acquiring an additional 54,000 shares in the last quarter. GSA Capital Partners LLP raised its stake in Emerge Energy Services by 42.1% during the second quarter. GSA Capital Partners LLP now owns 198,162 shares of the oil and gas company’s stock worth $1,413,000 after acquiring an additional 58,700 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in Emerge Energy Services by 88.2% during the second quarter. Private Advisor Group LLC now owns 19,100 shares of the oil and gas company’s stock worth $135,000 after acquiring an additional 8,950 shares in the last quarter. 12.05% of the stock is owned by institutional investors and hedge funds.
Emerge Energy Services Company Profile
Emerge Energy Services LP, through its subsidiary, Superior Silica Sands LLC, operates an energy services company in the United States. It engages in mining, producing, and distributing silica sand, which is a primary input for the hydraulic fracturing of oil and natural gas wells. The company serves oilfield services companies, and exploration and production companies that are engaged in hydraulic fracturing.
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