Emerge Energy Services LP (EMES) Receives Consensus Rating of “Hold” from Analysts

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Shares of Emerge Energy Services LP (NYSE:EMES) have earned a consensus recommendation of “Hold” from the nine research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $5.17.

EMES has been the topic of a number of analyst reports. Stifel Nicolaus downgraded shares of Emerge Energy Services from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. B. Riley reduced their price objective on shares of Emerge Energy Services from $9.00 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, September 6th. Wells Fargo & Co initiated coverage on shares of Emerge Energy Services in a research note on Saturday, September 15th. They set a “hold” rating and a $4.00 price objective on the stock. Piper Jaffray Companies set a $5.00 price objective on shares of Emerge Energy Services and gave the stock a “hold” rating in a research note on Tuesday, October 2nd. Finally, Seaport Global Securities set a $4.00 price objective on shares of Emerge Energy Services and gave the stock a “buy” rating in a research note on Thursday, October 18th.

In other news, Director Mark A. Gottfredson acquired 10,000 shares of Emerge Energy Services stock in a transaction on Tuesday, September 11th. The shares were purchased at an average cost of $4.60 per share, for a total transaction of $46,000.00. Following the completion of the purchase, the director now directly owns 125,082 shares of the company’s stock, valued at approximately $575,377.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Several institutional investors and hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP boosted its stake in shares of 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 in the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of Emerge Energy Services in the 1st quarter valued at approximately $1,048,000. Sanders Morris Harris LLC boosted its stake in shares of 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 in the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of Emerge Energy Services by 122.3% in the 3rd quarter. Private Advisor Group LLC now owns 42,450 shares of the oil and gas company’s stock valued at $169,000 after purchasing an additional 23,350 shares in the last quarter. Institutional investors own 12.39% of the company’s stock.

Shares of EMES stock traded up $0.14 on Monday, hitting $2.77. The company’s stock had a trading volume of 345,833 shares, 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 fifty-two week low of $1.61 and a fifty-two week high of $10.45. The company has a market capitalization of $81.93 million, a PE 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) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.28). Emerge Energy Services had a net margin of 3.39% and a return on equity of 22.02%. The business had revenue of $63.00 million during the quarter, compared to analyst estimates of $98.85 million. During the same quarter last year, the company posted $0.16 earnings per share. The company’s revenue was down 39.0% on a year-over-year basis. On average, analysts forecast that Emerge Energy Services will post 0.7 EPS for the current year.

Emerge Energy Services Company Profile

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.

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Analyst Recommendations for Emerge Energy Services (NYSE:EMES)

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