Emerge Energy Services LP (NYSE:EMES) was upgraded by stock analysts at Wunderlich from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The firm currently has a $15.00 price target on the stock, up from their prior price target of $12.00. Wunderlich’s target price would suggest a potential upside of 14.85% from the company’s previous close.
EMES has been the subject of several other research reports. Zacks Investment Research downgraded shares of Emerge Energy Services from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. Seaport Global Securities raised shares of Emerge Energy Services from a “neutral” rating to a “buy” rating and set a $14.00 target price for the company in a report on Friday, June 24th. DA Davidson downgraded shares of Emerge Energy Services from a “buy” rating to an “underperform” rating and set a $5.00 target price for the company. in a report on Monday, June 13th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Emerge Energy Services in a report on Friday, June 10th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $8.96.
Shares of Emerge Energy Services (NYSE:EMES) opened at 13.06 on Thursday. The company’s market capitalization is $315.16 million. The firm’s 50-day moving average is $12.27 and its 200 day moving average is $8.43. Emerge Energy Services has a 52 week low of $1.97 and a 52 week high of $14.60.
Emerge Energy Services (NYSE:EMES) last announced its earnings results on Monday, August 8th. The company reported ($0.95) EPS for the quarter, missing the consensus estimate of ($0.92) by $0.03. The company had revenue of $24.83 million for the quarter, compared to analyst estimates of $25.04 million. The business’s revenue for the quarter was down 63.6% compared to the same quarter last year. During the same period last year, the firm earned $0.12 earnings per share. On average, analysts anticipate that Emerge Energy Services will post ($4.04) earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of EMES. Stifel Financial Corp boosted its stake in shares of Emerge Energy Services by 10.8% in the second quarter. Stifel Financial Corp now owns 13,286 shares of the company’s stock valued at $153,000 after buying an additional 1,291 shares during the period. Royal Bank of Canada boosted its position in shares of Emerge Energy Services by 4.9% in the second quarter. Royal Bank of Canada now owns 13,800 shares of the company’s stock valued at $159,000 after buying an additional 650 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Emerge Energy Services during the second quarter valued at approximately $224,000. KCG Holdings Inc. purchased a new position in shares of Emerge Energy Services during the second quarter valued at approximately $273,000. Finally, ING Groep NV boosted its position 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 during the last quarter.
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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