Emerge Energy Services LP (NYSE:EMES) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

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 research firms have also recently issued reports on EMES. Piper Jaffray Companies began coverage on Emerge Energy Services in a report on Monday. They set a “neutral” rating and a $10.00 price objective for the company. Stifel Nicolaus restated a “buy” rating and set a $13.00 price objective on shares of Emerge Energy Services in a report on Sunday, September 10th. Janney Montgomery Scott began coverage on Emerge Energy Services in a report on Wednesday, September 6th. They set a “neutral” rating and a $8.00 price objective for the company. ValuEngine cut Emerge Energy Services from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Finally, Cowen and Company restated a “hold” rating and set a $12.00 price objective on shares of Emerge Energy Services in a report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $16.13.

Emerge Energy Services (EMES) traded up 1.28% during mid-day trading on Tuesday, hitting $9.49. The stock had a trading volume of 515,656 shares. The stock’s 50-day moving average price is $6.62 and its 200-day moving average price is $10.08. The stock’s market cap is $286.12 million. Emerge Energy Services has a 12 month low of $5.65 and a 12 month high of $24.45.

Emerge Energy Services (NYSE:EMES) last announced its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.02). The company had revenue of $82.60 million during the quarter, compared to analysts’ expectations of $97.18 million. Emerge Energy Services had a negative return on equity of 170.44% and a negative net margin of 14.29%. Emerge Energy Services’s revenue for the quarter was up 233.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.17) EPS. On average, analysts predict that Emerge Energy Services will post ($0.58) earnings per share for the current year.

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Several hedge funds have recently modified their holdings of the business. Bank of America Corp DE lifted its holdings in shares of Emerge Energy Services by 16.8% in the 1st 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 period. Bank of Montreal Can lifted its holdings in shares of Emerge Energy Services by 41.2% in the 2nd quarter. Bank of Montreal Can now owns 534,400 shares of the oil and gas company’s stock worth $4,815,000 after buying an additional 155,900 shares during the period. Credit Suisse AG lifted its holdings in shares of Emerge Energy Services by 32.4% in the 1st 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 period. California Public Employees Retirement System lifted its holdings in shares of Emerge Energy Services by 1.8% in the 2nd quarter. California Public Employees Retirement System now owns 279,100 shares of the oil and gas company’s stock worth $2,515,000 after buying an additional 5,000 shares during the period. Finally, ING Groep NV purchased a new stake in shares of Emerge Energy Services in the 2nd quarter worth $1,802,000. Institutional investors and hedge funds own 30.04% 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.

Analyst Recommendations for Emerge Energy Services (NYSE:EMES)

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