Emerge Energy Services LP (NYSE:EMES) was upgraded by research analysts at Wunderlich from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The brokerage currently has a $15.00 price target on the stock, up from their prior price target of $12.00. Wunderlich’s price target would suggest a potential upside of 15.03% from the stock’s current price.
A number of other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Emerge Energy Services from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. DA Davidson restated a “sell” rating on shares of Emerge Energy Services in a report on Saturday, June 25th. Seaport Global Securities upgraded shares of Emerge Energy Services from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Friday, June 24th. Finally, Stifel Nicolaus restated a “hold” rating on shares of Emerge Energy Services in a report on Friday, June 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Emerge Energy Services currently has an average rating of “Hold” and a consensus target price of $8.96.
Shares of Emerge Energy Services (NYSE:EMES) opened at 13.04 on Thursday. The stock’s market capitalization is $314.68 million. Emerge Energy Services has a one year low of $1.97 and a one year high of $14.60. The firm has a 50-day moving average of $12.40 and a 200 day moving average of $8.51.
Emerge Energy Services (NYSE:EMES) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.95) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.92) by $0.03. The business had revenue of $24.83 million for the quarter, compared to the consensus estimate of $25.04 million. The business’s revenue was down 63.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.12 EPS. On average, equities research analysts predict that Emerge Energy Services will post ($4.04) EPS for the current year.
A number of institutional investors have recently modified their holdings of EMES. ING Groep NV increased its position in shares of 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 during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Emerge Energy Services during the first quarter valued at approximately $1,491,000. BNP Paribas Arbitrage SA purchased a new position in shares of Emerge Energy Services during the second quarter valued at approximately $3,299,000. JPMorgan Chase & Co. purchased a new position in shares of Emerge Energy Services during the second quarter valued at approximately $3,894,000. Finally, KCG Holdings Inc. purchased a new position in shares of Emerge Energy Services during the second quarter valued at approximately $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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