Emerge Energy Services LP (NYSE:EMES) Director Mark A. Gottfredson bought 68,850 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were bought at an average price of $8.66 per share, with a total value of $596,241.00. Following the completion of the acquisition, the director now directly owns 65,840 shares in the company, valued at $570,174.40. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Emerge Energy Services LP (EMES) opened at $8.86 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 3.64. Emerge Energy Services LP has a 52-week low of $5.65 and a 52-week high of $24.45.

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Several equities research analysts recently weighed in on EMES shares. Zacks Investment Research cut Emerge Energy Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Cowen and Company set a $12.00 target price on Emerge Energy Services and gave the company a “hold” rating in a report on Wednesday, October 18th. Stifel Nicolaus restated a “buy” rating and set a $13.00 target price on shares of Emerge Energy Services in a report on Sunday, September 10th. ValuEngine cut Emerge Energy Services from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Finally, BidaskClub upgraded Emerge Energy Services from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $16.13.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtu KCG Holdings LLC raised its position in Emerge Energy Services by 216.4% during the 2nd quarter. Virtu KCG Holdings LLC now owns 37,637 shares of the oil and gas company’s stock valued at $339,000 after purchasing an additional 25,741 shares during the last quarter. Credit Suisse AG raised its position in Emerge Energy Services by 32.4% during the 1st quarter. Credit Suisse AG now owns 531,884 shares of the oil and gas company’s stock valued at $7,366,000 after purchasing an additional 130,034 shares during the last quarter. Bank of America Corp DE raised its position in Emerge Energy Services by 16.8% during the 1st quarter. Bank of America Corp DE now owns 1,172,926 shares of the oil and gas company’s stock valued at $16,245,000 after purchasing an additional 168,346 shares during the last quarter. Deprince Race & Zollo Inc. raised its position in Emerge Energy Services by 53.8% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 16,000 shares of the oil and gas company’s stock valued at $144,000 after purchasing an additional 5,600 shares during the last quarter. Finally, Ameriprise Financial Inc. bought a new position in Emerge Energy Services during the 1st quarter valued at approximately $537,000. 30.25% of the stock is owned by institutional investors and hedge funds.

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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