Emerge Energy Services (EMES) Lowered to Strong Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Emerge Energy Services (NYSE:EMES) from a hold rating to a strong sell rating in a research note published on Friday.

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. “

A number of other equities analysts have also recently weighed in 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 report on Tuesday, October 2nd. Wells Fargo & Co assumed coverage on shares of Emerge Energy Services in a research report on Saturday, September 15th. They set a hold rating and a $4.00 price objective for the company. B. Riley reduced their price objective on shares of Emerge Energy Services from $9.00 to $5.00 and set a neutral rating for the company in a research report on Thursday, September 6th. Seaport Global Securities restated a buy rating and set a $11.00 price objective on shares of Emerge Energy Services in a research report on Monday, August 6th. Finally, Stifel Nicolaus cut shares of Emerge Energy Services from a buy rating to a hold rating in a research report on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $7.50.

NYSE:EMES traded down $0.12 during trading hours on Friday, reaching $3.43. 390,623 shares of the company were exchanged, compared to its average volume of 483,659. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.35 and a current ratio of 1.74. The stock has a market capitalization of $123.82 million, a PE ratio of -28.58 and a beta of 1.99. Emerge Energy Services has a twelve month low of $3.30 and a twelve month high of $10.45.

Emerge Energy Services (NYSE:EMES) last posted its quarterly earnings data on Wednesday, August 1st. The oil and gas company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.08). The company had revenue of $101.84 million for the quarter, compared to analyst estimates of $122.78 million. Emerge Energy Services had a return on equity of 40.78% and a net margin of 5.19%. The business’s revenue was up 23.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.11) earnings per share. Research analysts forecast that Emerge Energy Services will post 1.06 earnings per share for the current year.

In other news, Director Mark A. Gottfredson acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The stock was purchased at an average price of $4.60 per share, with a total value of $46,000.00. Following the completion of the acquisition, the director now owns 125,082 shares of the company’s stock, valued at approximately $575,377.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Several institutional investors and hedge funds have recently made changes to their positions in EMES. GSA Capital Partners LLP boosted its stake in Emerge Energy Services by 42.1% during the second quarter. GSA Capital Partners LLP now owns 198,162 shares of the oil and gas company’s stock worth $1,413,000 after buying an additional 58,700 shares during the period. Allianz Asset Management GmbH purchased a new position in Emerge Energy Services during the first quarter worth about $1,048,000. Sanders Morris Harris LLC boosted its stake in Emerge Energy Services by 156.1% during the second quarter. Sanders Morris Harris LLC now owns 88,600 shares of the oil and gas company’s stock worth $632,000 after buying an additional 54,000 shares during the period. Finally, Private Advisor Group LLC boosted its stake in Emerge Energy Services by 88.2% during the second quarter. Private Advisor Group LLC now owns 19,100 shares of the oil and gas company’s stock worth $135,000 after buying an additional 8,950 shares during the period. 12.04% of the stock is owned by hedge funds and other institutional investors.

About Emerge Energy Services

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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