Shares of Emerge Energy Services LP (NYSE:EMES) have been assigned a consensus recommendation of “Hold” from the nine analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $7.80.
Several brokerages recently commented on EMES. ValuEngine upgraded Emerge Energy Services from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 31st. Zacks Investment Research cut Emerge Energy Services from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. Stifel Nicolaus cut Emerge Energy Services from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Seaport Global Securities reiterated a “buy” rating and issued a $11.00 target price on shares of Emerge Energy Services in a report on Monday, August 6th. Finally, B. Riley reduced their target price on Emerge Energy Services from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, August 2nd.
A number of hedge funds have recently made changes to their positions in EMES. Allianz Asset Management GmbH bought a new stake in Emerge Energy Services in the first quarter valued at approximately $1,048,000. Sanders Morris Harris LLC boosted its holdings in Emerge Energy Services by 156.1% in the second quarter. Sanders Morris Harris LLC now owns 88,600 shares of the oil and gas company’s stock valued at $632,000 after acquiring an additional 54,000 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in Emerge Energy Services by 42.1% in the second quarter. GSA Capital Partners LLP now owns 198,162 shares of the oil and gas company’s stock valued at $1,413,000 after acquiring an additional 58,700 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in Emerge Energy Services by 88.2% in the second quarter. Private Advisor Group LLC now owns 19,100 shares of the oil and gas company’s stock valued at $135,000 after acquiring an additional 8,950 shares during the last quarter. Institutional investors and hedge funds own 12.05% of the company’s stock.
NYSE:EMES opened at $4.93 on Friday. The stock has a market cap of $152.07 million, a PE ratio of -41.08 and a beta of 1.96. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 2.81. Emerge Energy Services has a 1-year low of $4.46 and a 1-year high of $10.45.
Emerge Energy Services (NYSE:EMES) last released its quarterly earnings results on Wednesday, August 1st. The oil and gas company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.08). Emerge Energy Services had a return on equity of 40.78% and a net margin of 5.19%. The firm had revenue of $101.84 million for the quarter, compared to the consensus estimate of $122.78 million. During the same quarter last year, the firm posted ($0.11) earnings per share. The business’s revenue for the quarter was up 23.3% on a year-over-year basis. sell-side analysts anticipate that Emerge Energy Services will post 1.25 earnings per share 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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