Shares of Emerge Energy Services LP (NYSE:EMES) have earned a consensus rating of “Hold” from the nine research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $5.17.
Several research analysts have issued reports on EMES shares. ValuEngine upgraded shares of Emerge Energy Services from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 31st. Stifel Nicolaus downgraded shares of Emerge Energy Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. B. Riley reduced their price objective on shares of Emerge Energy Services from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, August 2nd. Seaport Global Securities reaffirmed a “buy” rating and set a $11.00 price objective on shares of Emerge Energy Services in a research report on Monday, August 6th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $7.00 price objective on shares of Emerge Energy Services in a research report on Tuesday, August 7th.
In related news, Director Mark A. Gottfredson acquired 10,000 shares of Emerge Energy Services stock in a transaction dated Tuesday, September 11th. The stock was bought at an average price of $4.60 per share, with a total value of $46,000.00. Following the transaction, the director now directly owns 125,082 shares in the company, valued at approximately $575,377.20. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
Hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC grew its position in Emerge Energy Services by 88.2% in the 2nd quarter. Private Advisor Group LLC now owns 19,100 shares of the oil and gas company’s stock valued at $135,000 after purchasing an additional 8,950 shares during the period. Sanders Morris Harris LLC grew its position in Emerge Energy Services by 156.1% in the 2nd quarter. Sanders Morris Harris LLC now owns 88,600 shares of the oil and gas company’s stock valued at $632,000 after purchasing an additional 54,000 shares during the period. GSA Capital Partners LLP grew its position in Emerge Energy Services by 42.1% in the 2nd quarter. GSA Capital Partners LLP now owns 198,162 shares of the oil and gas company’s stock valued at $1,413,000 after purchasing an additional 58,700 shares during the period. Finally, Allianz Asset Management GmbH acquired a new stake in Emerge Energy Services in the 1st quarter valued at $1,048,000. 12.39% of the stock is owned by institutional investors.
Emerge Energy Services stock traded up $0.14 during mid-day trading on Monday, hitting $2.77. 345,833 shares of the stock were exchanged, compared to its average volume of 827,657. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.35 and a current ratio of 1.74. Emerge Energy Services has a 12 month low of $1.61 and a 12 month high of $10.45. The firm has a market cap of $81.93 million, a price-to-earnings ratio of -23.08 and a beta of 2.40.
Emerge Energy Services (NYSE:EMES) last released its quarterly earnings results on Tuesday, November 6th. The oil and gas company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.28). Emerge Energy Services had a return on equity of 22.02% and a net margin of 3.39%. The firm had revenue of $63.00 million for the quarter, compared to the consensus estimate of $98.85 million. During the same quarter in the previous year, the business posted $0.16 EPS. The firm’s revenue for the quarter was down 39.0% compared to the same quarter last year. As a group, equities research analysts predict that Emerge Energy Services will post 0.7 EPS for the current fiscal year.
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.
Read More: Compound Annual Growth Rate (CAGR)
Receive News & Ratings for Emerge Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerge Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.