Emerge Energy Services LP (EMES) Receives Consensus Recommendation of “Hold” from Analysts
Emerge Energy Services LP (NYSE:EMES) has been given a consensus rating of “Hold” by the seven brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $20.80.
Several equities research analysts recently issued reports on the stock. Goldman Sachs Group, Inc. (The) raised their target price on shares of Emerge Energy Services from $25.59 to $28.50 and gave the stock a “buy” rating in a research report on Monday, April 17th. Stifel Nicolaus decreased their target price on shares of Emerge Energy Services from $17.00 to $14.00 and set a “hold” rating on the stock in a research report on Thursday, March 30th. Zacks Investment Research cut shares of Emerge Energy Services from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Evercore ISI assumed coverage on shares of Emerge Energy Services in a research report on Thursday, May 25th. They issued an “in-line” rating and a $15.00 target price on the stock. Finally, ValuEngine cut shares of Emerge Energy Services from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th.
Shares of Emerge Energy Services (EMES) opened at 8.72 on Tuesday. The stock has a 50 day moving average of $10.56 and a 200-day moving average of $13.67. The stock’s market capitalization is $262.22 million. Emerge Energy Services has a 1-year low of $7.72 and a 1-year high of $24.45.
Emerge Energy Services (NYSE:EMES) last released its earnings results on Wednesday, May 3rd. The oil and gas company reported ($0.38) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.34) by $0.04. Emerge Energy Services had a negative return on equity of 267.51% and a negative net margin of 28.69%. The company had revenue of $75.30 million during the quarter, compared to analyst estimates of $71.75 million. During the same period in the prior year, the business posted ($1.43) earnings per share. Emerge Energy Services’s revenue was up 153.5% on a year-over-year basis. Equities research analysts predict that Emerge Energy Services will post ($0.12) earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. FNY Partners Fund LP acquired a new position in Emerge Energy Services during the first quarter valued at approximately $117,000. Deprince Race & Zollo Inc. raised its position in Emerge Energy Services by 4.0% in the first quarter. Deprince Race & Zollo Inc. now owns 10,400 shares of the oil and gas company’s stock valued at $144,000 after buying an additional 400 shares during the last quarter. Peconic Partners LLC acquired a new position in Emerge Energy Services during the first quarter valued at approximately $150,000. Sanders Morris Harris LLC acquired a new position in Emerge Energy Services during the second quarter valued at approximately $151,000. Finally, KCG Holdings Inc. acquired a new position in Emerge Energy Services during the first quarter valued at approximately $165,000. Hedge funds and other institutional investors own 41.80% of the company’s stock.
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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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