Emerge Energy Services (EMES) Given a $9.00 Price Target by Piper Jaffray Companies Analysts
Piper Jaffray Companies set a $9.00 price objective on Emerge Energy Services (NYSE:EMES) in a report released on Monday morning. The firm currently has a hold rating on the oil and gas company’s stock.
A number of other equities research analysts also recently commented on the company. B. Riley began coverage on Emerge Energy Services in a research report on Wednesday, December 6th. They issued a neutral rating and a $9.00 target price on the stock. Zacks Investment Research upgraded Emerge Energy Services from a sell rating to a hold rating in a research report on Monday, November 6th. BidaskClub upgraded Emerge Energy Services from a sell rating to a hold rating in a research report on Thursday, November 9th. Cowen set a $12.00 target price on Emerge Energy Services and gave the stock a hold rating in a research report on Wednesday, October 18th. Finally, Stifel Nicolaus reiterated a buy rating and issued a $13.00 target price on shares of Emerge Energy Services in a research report on Sunday, September 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $15.22.
Shares of Emerge Energy Services (EMES) traded down $0.23 during trading on Monday, hitting $7.99. The stock had a trading volume of 396,658 shares, compared to its average volume of 1,137,900. Emerge Energy Services has a fifty-two week low of $5.65 and a fifty-two week high of $24.45. The stock has a market capitalization of $243.63, a P/E ratio of -7.39 and a beta of 1.58. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 3.64.
In other Emerge Energy Services news, Director Mark A. Gottfredson bought 68,850 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were purchased at an average price of $8.66 per share, with a total value of $596,241.00. Following the completion of the purchase, the director now owns 65,840 shares in the company, valued at approximately $570,174.40. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Large investors have recently made changes to their positions in the stock. FineMark National Bank & Trust bought a new position in Emerge Energy Services in the third quarter worth approximately $132,000. Stifel Financial Corp lifted its holdings in Emerge Energy Services by 13.2% during 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 during the period. B. Riley Financial Inc. purchased a new stake in Emerge Energy Services during the third quarter worth $190,000. Royal Bank of Canada lifted its holdings in Emerge Energy Services by 6.6% during the second quarter. Royal Bank of Canada now owns 25,187 shares of the oil and gas company’s stock worth $227,000 after buying an additional 1,550 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in Emerge Energy Services by 103.9% during the second quarter. Wells Fargo & Company MN now owns 32,144 shares of the oil and gas company’s stock worth $290,000 after buying an additional 16,379 shares during the period. 23.32% of the stock is currently owned by institutional investors.
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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.
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