According to Zacks, “Emerge Energy Services LP is engaged in owning, operation, acquisition and development of energy service assets primarily in the United States. It operates in two business segments: sand and fuel processing and distribution. Emerge Energy Services LP is based in Southlake, Texas. “
Several other equities analysts have also recently commented on the company. Wunderlich raised Emerge Energy Services from a hold rating to a buy rating and upped their price target for the company from $12.00 to $15.00 in a report on Thursday, September 29th. DA Davidson cut Emerge Energy Services from a buy rating to an underperform rating and set a $5.00 price target for the company. in a report on Monday, June 13th. Finally, Seaport Global Securities raised Emerge Energy Services from a neutral rating to a buy rating and set a $14.00 price target for the company in a report on Friday, June 24th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Emerge Energy Services has an average rating of Hold and a consensus price target of $8.92.
Emerge Energy Services (NYSE:EMES) opened at 12.95 on Monday. Emerge Energy Services has a 12 month low of $1.97 and a 12 month high of $14.60. The stock has a 50 day moving average price of $12.56 and a 200 day moving average price of $8.94. The firm’s market cap is $312.51 million.
Emerge Energy Services (NYSE:EMES) last posted its quarterly earnings results on Monday, August 8th. The company reported ($0.95) EPS for the quarter, missing the consensus estimate of ($0.92) by $0.03. The business earned $24.83 million during the quarter, compared to analysts’ expectations of $25.04 million. The firm’s quarterly revenue was down 63.6% on a year-over-year basis. During the same period last year, the business posted $0.12 earnings per share. On average, equities analysts expect that Emerge Energy Services will post ($4.05) earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new stake in Emerge Energy Services during the second quarter valued at $3,894,000. Goldman Sachs Group Inc. bought a new stake in Emerge Energy Services during the first quarter valued at $1,491,000. BNP Paribas Arbitrage SA bought a new stake in Emerge Energy Services during the second quarter valued at $3,299,000. ING Groep NV raised 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 valued at $1,325,000 after buying an additional 200,000 shares in the last quarter. Finally, KCG Holdings Inc. bought a new stake in Emerge Energy Services during the second quarter valued at $273,000.
About Emerge Energy Services
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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