JPMorgan Chase & Co. acquired a new stake in shares of Emerge Energy Services LP (NYSE:EMES) during the second quarter, Holdings Channel reports. The institutional investor acquired 337,724 shares of the company’s stock, valued at approximately $3,894,000. JPMorgan Chase & Co. owned approximately 1.40% of Emerge Energy Services as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. 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. BNP Paribas Arbitrage SA purchased a new stake in shares of Emerge Energy Services during the second quarter valued at $3,299,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Emerge Energy Services during the first quarter valued at $1,491,000.
Shares of Emerge Energy Services LP (NYSE:EMES) traded up 0.304% during trading on Monday, hitting $12.869. 9,146 shares of the stock traded hands. The company’s market cap is $310.55 million. The company has a 50 day moving average of $12.64 and a 200-day moving average of $9.02. Emerge Energy Services LP has a 1-year low of $1.97 and a 1-year high of $14.60.
Emerge Energy Services (NYSE:EMES) last issued its earnings results 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 firm had revenue of $24.83 million for the quarter, compared to the consensus estimate of $25.04 million. During the same quarter in the previous year, the company earned $0.12 EPS. The business’s quarterly revenue was down 63.6% compared to the same quarter last year. On average, equities analysts anticipate that Emerge Energy Services LP will post ($4.05) EPS for the current fiscal year.
Several equities analysts have commented on the stock. Seaport Global Securities raised shares of Emerge Energy Services from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Friday, June 24th. Zacks Investment Research cut shares of Emerge Energy Services from a “hold” rating to a “sell” rating in a research note on Monday, October 10th. DA Davidson reissued a “sell” rating on shares of Emerge Energy Services in a research note on Saturday, June 25th. Finally, Wunderlich raised shares of Emerge Energy Services from a “hold” rating to a “buy” rating and raised their target price for the company from $12.00 to $15.00 in a research note on Thursday, September 29th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $8.92.
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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