Shares of Emerge Energy Services LP (NYSE:EMES) have earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $8.97.
Several analysts have recently issued reports on the company. Zacks Investment Research cut Emerge Energy Services from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Seaport Global Securities upgraded Emerge Energy Services from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Friday, June 24th. Wunderlich increased their price objective on Emerge Energy Services from $4.00 to $9.00 and gave the company a “hold” rating in a research note on Tuesday, June 14th. DA Davidson cut Emerge Energy Services from a “buy” rating to an “underperform” rating and set a $5.00 price objective on the stock. in a research note on Monday, June 13th. Finally, Stifel Nicolaus restated a “hold” rating on shares of Emerge Energy Services in a research note on Friday, June 10th.
Several hedge funds have recently bought and sold shares of the company. Stifel Financial Corp boosted its stake in Emerge Energy Services by 10.8% in the second quarter. Stifel Financial Corp now owns 13,286 shares of the company’s stock worth $153,000 after buying an additional 1,291 shares during the period. Royal Bank of Canada boosted its stake in Emerge Energy Services by 4.9% in the second quarter. Royal Bank of Canada now owns 13,800 shares of the company’s stock worth $159,000 after buying an additional 650 shares during the period. Jane Street Group LLC purchased a new stake in Emerge Energy Services during the second quarter worth approximately $224,000. KCG Holdings Inc. purchased a new stake in Emerge Energy Services during the second quarter worth approximately $273,000. Finally, ING Groep NV boosted its stake in Emerge Energy Services by 307.7% in the first quarter. ING Groep NV now owns 265,000 shares of the company’s stock worth $1,325,000 after buying an additional 200,000 shares during the period.
Shares of Emerge Energy Services (NYSE:EMES) opened at 13.06 on Monday. Emerge Energy Services has a 52 week low of $1.97 and a 52 week high of $14.60. The stock’s market cap is $315.16 million. The stock has a 50 day moving average price of $12.27 and a 200-day moving average price of $8.43.
Emerge Energy Services (NYSE:EMES) last announced its quarterly earnings data on Monday, August 8th. The company reported ($0.95) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by $0.03. The firm earned $24.83 million during the quarter, compared to analyst estimates of $25.04 million. The company’s quarterly revenue was down 63.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 EPS. Equities analysts predict that Emerge Energy Services will post ($4.04) EPS for the current fiscal year.
Emerge Energy Services Company Profile
Emerge Energy Services LP owns, operates, acquires and develops a portfolio of energy service assets. The Company’s segments include Sand segment, Fuel segment and Corporate. The Company’s Sand segment consists of the production and sale of various grades of industrial sand primarily used in the extraction of oil and natural gas, as well as the production of building products and foundry materials.
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