Emerge Energy Services LP (NYSE:EMES) – Equities research analysts at Seaport Global Securities lowered their Q3 2018 earnings per share (EPS) estimates for shares of Emerge Energy Services in a report released on Thursday, October 18th. Seaport Global Securities analyst M. Urban now expects that the oil and gas company will post earnings of $0.12 per share for the quarter, down from their prior forecast of $0.32. Seaport Global Securities currently has a “Buy” rating and a $4.00 target price on the stock. Seaport Global Securities also issued estimates for Emerge Energy Services’ Q4 2018 earnings at $0.02 EPS, Q1 2019 earnings at ($0.03) EPS, Q2 2019 earnings at $0.03 EPS, Q3 2019 earnings at $0.11 EPS, Q4 2019 earnings at $0.09 EPS, FY2019 earnings at $0.20 EPS, Q2 2020 earnings at $0.17 EPS and Q3 2020 earnings at $0.27 EPS.
A number of other analysts also recently commented on EMES. Zacks Investment Research downgraded Emerge Energy Services from a “hold” rating to a “strong sell” rating in a research note on Friday, October 12th. Piper Jaffray Companies set a $5.00 target price on Emerge Energy Services and gave the stock a “hold” rating in a research note on Tuesday, October 2nd. Wells Fargo & Co initiated coverage on Emerge Energy Services in a research note on Saturday, September 15th. They issued a “hold” rating and a $4.00 target price on the stock. B. Riley lowered their target price on Emerge Energy Services from $9.00 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, September 6th. Finally, Stifel Nicolaus downgraded Emerge Energy Services from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $6.63.
Shares of EMES stock opened at $2.81 on Monday. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 2.81. The stock has a market capitalization of $90.00 million, a PE ratio of -23.78 and a beta of 1.99. Emerge Energy Services has a fifty-two week low of $2.61 and a fifty-two week high of $10.45.
Emerge Energy Services (NYSE:EMES) last announced its quarterly earnings data on Wednesday, August 1st. The oil and gas company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.08). The firm had revenue of $101.84 million during the quarter, compared to analyst estimates of $122.78 million. Emerge Energy Services had a net margin of 5.19% and a return on equity of 40.78%. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.11) earnings per share.
Hedge funds have recently modified their holdings of the business. Private Advisor Group LLC boosted its position in Emerge Energy Services by 88.2% during the second quarter. Private Advisor Group LLC now owns 19,100 shares of the oil and gas company’s stock worth $135,000 after purchasing an additional 8,950 shares in the last quarter. GSA Capital Partners LLP boosted its position in Emerge Energy Services by 42.1% during the second quarter. GSA Capital Partners LLP now owns 198,162 shares of the oil and gas company’s stock worth $1,413,000 after purchasing an additional 58,700 shares in the last quarter. Allianz Asset Management GmbH purchased a new position in shares of Emerge Energy Services in the first quarter valued at approximately $1,048,000. Finally, Sanders Morris Harris LLC lifted its position in shares of Emerge Energy Services by 156.1% in the second quarter. Sanders Morris Harris LLC now owns 88,600 shares of the oil and gas company’s stock valued at $632,000 after acquiring an additional 54,000 shares in the last quarter. Institutional investors own 12.39% of the company’s stock.
In related news, Director Mark A. Gottfredson bought 10,000 shares of the stock in a transaction dated Tuesday, September 11th. The shares were purchased at an average price of $4.60 per share, for a total transaction of $46,000.00. Following the completion of the purchase, the director now directly owns 125,082 shares of the company’s stock, valued at $575,377.20. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
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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