Emerge Energy Services (EMES) Trading Up 7.1%

Shares of Emerge Energy Services LP (NYSE:EMES) were up 7.1% during mid-day trading on Monday . The company traded as high as $7.78 and last traded at $7.56. Approximately 568,490 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 768,686 shares. The stock had previously closed at $7.06.

A number of analysts have recently issued reports on EMES shares. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $8.75 price objective on shares of Emerge Energy Services in a research report on Tuesday, December 26th. B. Riley started coverage on Emerge Energy Services in a research report on Wednesday, December 6th. They issued a “neutral” rating and a $9.00 price objective for the company. Zacks Investment Research raised Emerge Energy Services from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. BidaskClub raised Emerge Energy Services from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Cowen set a $12.00 price objective on Emerge Energy Services and gave the company a “hold” rating in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $13.38.

The stock has a market cap of $227.95, a price-to-earnings ratio of -7.00 and a beta of 1.70. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.48 and a quick ratio of 1.04.

Large investors have recently added to or reduced their stakes in the stock. FineMark National Bank & Trust acquired a new stake in Emerge Energy Services during the 3rd quarter worth approximately $132,000. Stifel Financial Corp lifted its holdings in Emerge Energy Services by 13.2% during the 2nd quarter. Stifel Financial Corp now owns 17,433 shares of the oil and gas company’s stock worth $156,000 after purchasing an additional 2,027 shares during the last quarter. B. Riley Financial Inc. acquired a new stake in Emerge Energy Services during the 3rd quarter worth approximately $190,000. Royal Bank of Canada lifted its holdings in Emerge Energy Services by 6.6% during the 2nd quarter. Royal Bank of Canada now owns 25,187 shares of the oil and gas company’s stock worth $227,000 after purchasing an additional 1,550 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Emerge Energy Services by 103.9% during the 2nd quarter. Wells Fargo & Company MN now owns 32,144 shares of the oil and gas company’s stock worth $290,000 after purchasing an additional 16,379 shares during the last quarter. 22.99% of the stock is owned by institutional investors and hedge funds.

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Emerge Energy Services Company Profile

Emerge Energy Services LP owns, operates, acquires and develops a portfolio of energy service assets. The Company operates through Sand segment. The Company conducts its Sand operations through its subsidiary, Superior Silica Sands LLC (SSS). The Company’s Sand business mines, processes and distributes silica sand, an input for the hydraulic fracturing of oil and gas wells.

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