Emerge Energy Services LP (EMES) Receives Average Recommendation of “Hold” from Analysts
Shares of Emerge Energy Services LP (NYSE:EMES) have earned a consensus recommendation of “Hold” from the eight research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $20.80.
A number of research analysts have recently commented on EMES shares. Goldman Sachs Group, Inc. (The) increased their price objective on Emerge Energy Services from $25.59 to $28.50 and gave the company a “buy” rating in a report on Monday, April 17th. Zacks Investment Research downgraded Emerge Energy Services from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Stifel Nicolaus upgraded Emerge Energy Services from a “hold” rating to a “buy” rating and increased their price objective for the company from $14.00 to $16.00 in a report on Thursday, May 4th. Evercore ISI started coverage on Emerge Energy Services in a report on Thursday, May 25th. They issued an “in-line” rating and a $15.00 price objective on the stock. Finally, ValuEngine downgraded Emerge Energy Services from a “hold” rating to a “sell” rating in a report on Saturday, June 10th.
Emerge Energy Services (NYSE:EMES) opened at 6.16 on Friday. Emerge Energy Services has a 52 week low of $5.77 and a 52 week high of $24.45. The stock’s market cap is $185.72 million. The stock’s 50 day moving average price is $7.75 and its 200 day moving average price is $12.53.
Emerge Energy Services (NYSE:EMES) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.02. Emerge Energy Services had a negative net margin of 14.29% and a negative return on equity of 170.44%. The business had revenue of $82.60 million during the quarter, compared to analysts’ expectations of $97.18 million. During the same quarter in the previous year, the company posted ($1.17) EPS. The company’s revenue was up 233.1% compared to the same quarter last year. On average, analysts forecast that Emerge Energy Services will post ($0.43) earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FNY Partners Fund LP purchased a new position in Emerge Energy Services during the first quarter worth about $117,000. Credit Suisse AG boosted its stake in Emerge Energy Services by 32.4% in the first quarter. Credit Suisse AG now owns 531,884 shares of the oil and gas company’s stock worth $7,366,000 after buying an additional 130,034 shares during the last quarter. Peconic Partners LLC bought a new stake in Emerge Energy Services during the first quarter worth $150,000. Bank of America Corp DE boosted its stake in Emerge Energy Services by 16.8% in the first quarter. Bank of America Corp DE now owns 1,172,926 shares of the oil and gas company’s stock worth $16,245,000 after buying an additional 168,346 shares during the last quarter. Finally, KCG Holdings Inc. bought a new stake in Emerge Energy Services during the first quarter worth $165,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.
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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