Emerge Energy Services (NYSE:EMES) posted its earnings results on Monday. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.13), Briefing.com reports. Emerge Energy Services had a negative net margin of 1.88% and a negative return on equity of 8.93%. The firm had revenue of $103.14 million during the quarter, compared to analyst estimates of $114.36 million. During the same quarter in the prior year, the firm earned ($0.80) earnings per share. The business’s revenue for the quarter was up 142.0% on a year-over-year basis.
Shares of Emerge Energy Services (NYSE:EMES) opened at $7.53 on Wednesday. The company has a market cap of $238.08, a price-to-earnings ratio of -31.38 and a beta of 1.70. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 3.64. Emerge Energy Services has a 1-year low of $5.65 and a 1-year high of $18.94.
EMES has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Emerge Energy Services from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. Piper Jaffray Companies reiterated a “hold” rating and issued a $10.00 target price on shares of Emerge Energy Services in a research note on Friday, November 3rd. ValuEngine cut shares of Emerge Energy Services from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. B. Riley initiated coverage on shares of Emerge Energy Services in a research note on Wednesday, December 6th. They issued a “neutral” rating and a $9.00 target price for the company. Finally, BidaskClub upgraded shares of Emerge Energy Services from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $13.25.
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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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