Goldman Sachs Group Inc. trimmed its stake in Emerge Energy Services (NYSE:EMES) by 12.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,864 shares of the oil and gas company’s stock after selling 15,477 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Emerge Energy Services were worth $797,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of EMES. Landscape Capital Management L.L.C. acquired a new stake in shares of Emerge Energy Services in the fourth quarter valued at approximately $162,000. Credit Capital Investments LLC acquired a new stake in shares of Emerge Energy Services in the fourth quarter valued at approximately $194,000. Wells Fargo & Company MN lifted its position in shares of Emerge Energy Services by 66.6% in the fourth quarter. Wells Fargo & Company MN now owns 56,500 shares of the oil and gas company’s stock valued at $406,000 after buying an additional 22,585 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Emerge Energy Services by 22.7% in the third quarter. Russell Investments Group Ltd. now owns 72,736 shares of the oil and gas company’s stock valued at $599,000 after buying an additional 13,475 shares during the last quarter. Finally, Virtu Financial LLC lifted its position in shares of Emerge Energy Services by 411.1% in the fourth quarter. Virtu Financial LLC now owns 87,412 shares of the oil and gas company’s stock valued at $628,000 after buying an additional 70,310 shares during the last quarter. Hedge funds and other institutional investors own 17.49% of the company’s stock.
EMES has been the subject of a number of recent analyst reports. Piper Jaffray 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. ValuEngine cut Emerge Energy Services from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Zacks Investment Research cut Emerge Energy Services from a “hold” rating to a “sell” rating in a research report on Tuesday, February 27th. B. Riley raised their price objective on Emerge Energy Services from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Finally, Stifel Nicolaus cut their price objective on Emerge Energy Services from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. Emerge Energy Services presently has a consensus rating of “Hold” and an average price target of $12.75.
Emerge Energy Services (NYSE:EMES) last released its quarterly earnings results on Monday, February 26th. The oil and gas company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.13). The firm had revenue of $103.14 million for the quarter, compared to analyst estimates of $114.36 million. Emerge Energy Services had a negative return on equity of 8.54% and a negative net margin of 1.88%. The business’s revenue for the quarter was up 142.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.80) earnings per share. equities research analysts forecast that Emerge Energy Services will post 1.38 earnings per share for the current year.
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About Emerge Energy Services
Emerge Energy Services LP, through its subsidiary, Superior Silica Sands LLC, operates an energy services company in the United States. It engages in mining, producing, and distributing silica sand, which is a primary input for the hydraulic fracturing of oil and natural gas wells. The company serves oilfield services companies, and exploration and production companies that are engaged in hydraulic fracturing.
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