Shares of Emerge Energy Services LP (NYSE:EMES) have been assigned a consensus rating of “Hold” from the eight analysts that are presently covering the stock. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $8.97.
A number of equities research analysts recently issued reports on EMES shares. Seaport Global Securities raised shares of Emerge Energy Services from a “neutral” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Friday, June 24th. Wunderlich decreased their price target on shares of Emerge Energy Services from $12.00 to $9.00 and set a “hold” rating on the stock in a research note on Friday, June 24th. Zacks Investment Research raised shares of Emerge Energy Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 28th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Emerge Energy Services in a research note on Friday, June 10th. Finally, DA Davidson reaffirmed a “sell” rating on shares of Emerge Energy Services in a research note on Saturday, June 25th.
Shares of Emerge Energy Services (NYSE:EMES) traded down 4.0852% during midday trading on Monday, hitting $11.9318. 233,065 shares of the stock were exchanged. The stock’s market cap is $287.94 million. The firm has a 50 day moving average of $12.09 and a 200-day moving average of $8.28. Emerge Energy Services has a 12 month low of $1.97 and a 12 month high of $14.60.
Emerge Energy Services (NYSE:EMES) last issued its earnings results on Monday, August 8th. The company reported ($0.95) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.92) by $0.03. The company had revenue of $24.83 million for the quarter, compared to analysts’ expectations of $25.04 million. During the same period last year, the company posted $0.12 EPS. The business’s revenue was down 63.6% compared to the same quarter last year. Equities research analysts anticipate that Emerge Energy Services will post ($4.04) EPS for the current year.
Several large investors have recently made changes to their positions in the stock. ING Groep NV increased its stake in shares of Emerge Energy Services by 307.7% in the first quarter. ING Groep NV now owns 265,000 shares of the company’s stock valued at $1,325,000 after buying an additional 200,000 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in Emerge Energy Services during the first quarter valued at approximately $1,491,000. BNP Paribas Arbitrage SA bought a new position in Emerge Energy Services during the second quarter valued at approximately $3,299,000. JPMorgan Chase & Co. bought a new position in Emerge Energy Services during the second quarter valued at approximately $3,894,000. Finally, KCG Holdings Inc. bought a new position in Emerge Energy Services during the second quarter valued at approximately $273,000.
Emerge Energy Services Company Profile
Emerge Energy Services LP owns, operates, acquires and develops a portfolio of energy service assets. The Company’s segments include Sand segment, Fuel segment and Corporate. The Company’s Sand segment consists of the production and sale of various grades of industrial sand primarily used in the extraction of oil and natural gas, as well as the production of building products and foundry materials.
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