Cowen and Company set a $12.00 target price on Emerge Energy Services LP (NYSE:EMES) in a report released on Wednesday, October 18th. The brokerage currently has a hold rating on the oil and gas company’s stock.
Other equities analysts have also recently issued reports about the stock. BidaskClub raised shares of Emerge Energy Services from a hold rating to a buy rating in a research note on Thursday, September 28th. Stifel Nicolaus reissued a buy rating and set a $13.00 price target on shares of Emerge Energy Services in a research report on Sunday, September 10th. Seaport Global Securities reissued a buy rating on shares of Emerge Energy Services in a research report on Monday, August 7th. Zacks Investment Research raised shares of Emerge Energy Services from a hold rating to a buy rating and set a $10.00 price target on the stock in a research report on Wednesday, July 5th. Finally, Piper Jaffray Companies assumed coverage on shares of Emerge Energy Services in a research report on Monday, September 25th. They set a neutral rating and a $10.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $16.13.
Shares of Emerge Energy Services (NYSE:EMES) traded up $1.09 during mid-day trading on Wednesday, reaching $8.71. 1,200,000 shares of the company’s stock were exchanged, compared to its average volume of 547,556. Emerge Energy Services has a 1 year low of $5.65 and a 1 year high of $24.45. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 3.64.
Emerge Energy Services (NYSE:EMES) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). Emerge Energy Services had a negative net margin of 10.94% and a negative return on equity of 69.67%. The business had revenue of $82.60 million during the quarter, compared to the consensus estimate of $97.18 million. During the same period in the previous year, the business posted ($1.17) earnings per share. Emerge Energy Services’s revenue was up 233.1% compared to the same quarter last year. equities analysts anticipate that Emerge Energy Services will post -0.35 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. FNY Partners Fund LP bought a new stake in Emerge Energy Services in the 1st quarter valued at $117,000. FineMark National Bank & Trust bought a new stake in Emerge Energy Services in the 3rd quarter valued at $132,000. Deprince Race & Zollo Inc. lifted its position in Emerge Energy Services by 53.8% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 16,000 shares of the oil and gas company’s stock valued at $144,000 after acquiring an additional 5,600 shares in the last quarter. Sanders Morris Harris LLC bought a new stake in Emerge Energy Services in the 2nd quarter valued at $151,000. Finally, Stifel Financial Corp lifted its position in Emerge Energy Services by 13.2% in the 2nd quarter. Stifel Financial Corp now owns 17,433 shares of the oil and gas company’s stock valued at $156,000 after acquiring an additional 2,027 shares in the last quarter. 30.25% of the stock is currently owned by institutional investors and hedge funds.
About Emerge Energy Services
Emerge Energy Services LP owns, operates, acquires and develops a portfolio of energy service assets. The Company operates through Sand segment. The Company conducts its Sand operations through its subsidiary, Superior Silica Sands LLC (SSS). The Company’s Sand business mines, processes and distributes silica sand, an input for the hydraulic fracturing of oil and gas wells.
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