Cowen and Company set a $12.00 price objective on Emerge Energy Services LP (NYSE:EMES) in a report issued on Wednesday morning. The firm currently has a hold rating on the oil and gas company’s stock.

Several other equities analysts also recently issued reports on the stock. BidaskClub raised shares of Emerge Energy Services from a hold rating to a buy rating in a report on Thursday, September 28th. Zacks Investment Research raised shares of Emerge Energy Services from a sell rating to a hold rating in a report on Tuesday, September 26th. Piper Jaffray Companies assumed coverage on shares of Emerge Energy Services in a report on Monday, September 25th. They set a neutral rating and a $10.00 price objective on the stock. Stifel Nicolaus reaffirmed a buy rating and set a $13.00 price objective on shares of Emerge Energy Services in a report on Sunday, September 10th. Finally, Janney Montgomery Scott assumed coverage on shares of Emerge Energy Services in a report on Wednesday, September 6th. They set a neutral rating and a $8.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Emerge Energy Services currently has an average rating of Hold and a consensus target price of $16.13.

Shares of Emerge Energy Services (EMES) opened at 7.47 on Wednesday. The firm has a 50-day moving average of $7.93 and a 200 day moving average of $9.26. The stock’s market cap is $225.22 million. Emerge Energy Services has a 52 week low of $5.65 and a 52 week high of $24.45.

Emerge Energy Services (NYSE:EMES) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.02). The company had revenue of $82.60 million for the quarter, compared to analysts’ expectations of $97.18 million. Emerge Energy Services had a negative net margin of 14.29% and a negative return on equity of 170.44%. The business’s revenue for the quarter was up 233.1% on a year-over-year basis. During the same period in the previous year, the business earned ($1.17) earnings per share. On average, equities analysts forecast that Emerge Energy Services will post ($0.52) EPS for the current fiscal year.

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Large investors have recently bought and sold shares of the company. FNY Partners Fund LP purchased a new position in shares of Emerge Energy Services in the first quarter worth about $117,000. Deprince Race & Zollo Inc. lifted its stake in shares of Emerge Energy Services by 53.8% in the second quarter. Deprince Race & Zollo Inc. now owns 16,000 shares of the oil and gas company’s stock worth $144,000 after buying an additional 5,600 shares in the last quarter. Sanders Morris Harris LLC purchased a new position in shares of Emerge Energy Services in the second quarter worth about $151,000. Stifel Financial Corp lifted its stake in shares of Emerge Energy Services by 13.2% in the second quarter. Stifel Financial Corp now owns 17,433 shares of the oil and gas company’s stock worth $156,000 after buying an additional 2,027 shares in the last quarter. Finally, KCG Holdings Inc. purchased a new position in shares of Emerge Energy Services in the first quarter worth about $165,000. 30.93% of the stock is currently owned by hedge funds and other institutional investors.

Emerge Energy Services Company Profile

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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