According to Zacks, “Emerge Energy Services LP is engaged in owning, operation, acquisition and development of energy service assets primarily in the United States. It operates in two business segments: sand and fuel processing and distribution. Emerge Energy Services LP is based in Southlake, Texas. “
Other research analysts also recently issued reports about the stock. Wunderlich raised shares of Emerge Energy Services from a hold rating to a buy rating and increased their target price for the company from $12.00 to $15.00 in a research report on Thursday, September 29th. DA Davidson downgraded shares of Emerge Energy Services from a buy rating to an underperform rating and set a $5.00 price objective for the company. in a report on Monday, June 13th. Finally, Seaport Global Securities raised shares of Emerge Energy Services from a neutral rating to a buy rating and set a $14.00 price objective for the company in a report on Friday, June 24th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $8.92.
Emerge Energy Services (NYSE:EMES) opened at 12.51 on Monday. The firm’s market capitalization is $301.89 million. Emerge Energy Services has a 12 month low of $1.97 and a 12 month high of $14.60. The firm’s 50-day moving average is $12.59 and its 200 day moving average is $8.96.
Emerge Energy Services (NYSE:EMES) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.95) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.92) by $0.03. The business had revenue of $24.83 million for the quarter, compared to analysts’ expectations of $25.04 million. The business’s revenue was down 63.6% on a year-over-year basis. During the same period last year, the business posted $0.12 EPS. On average, analysts expect that Emerge Energy Services will post ($4.05) EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp increased its position 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 last quarter. Royal Bank of Canada boosted its position in 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 bought a new position in Emerge Energy Services during the second quarter valued at $224,000. KCG Holdings Inc. bought a new position in Emerge Energy Services during the second quarter valued at $273,000. Finally, ING Groep NV boosted its position in 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Emerge Energy Services LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerge Energy Services LP and related companies with MarketBeat.com's FREE daily email newsletter.