Emerge Energy Services LP (EMES) Given Average Recommendation of “Hold” by Brokerages
Shares of Emerge Energy Services LP (NYSE:EMES) have received a consensus recommendation of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $17.00.
A number of research firms have weighed in on EMES. Seaport Global Securities reissued a “buy” rating on shares of Emerge Energy Services in a report on Monday, August 7th. Piper Jaffray Companies started coverage on Emerge Energy Services in a research note on Monday, September 25th. They issued a “neutral” rating and a $10.00 price objective on the stock. Cowen and Company reaffirmed a “hold” rating and issued a $12.00 price objective on shares of Emerge Energy Services in a research note on Friday, August 11th. Zacks Investment Research raised Emerge Energy Services from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, BidaskClub raised Emerge Energy Services from a “hold” rating to a “buy” rating in a research note on Thursday.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE raised its stake in shares of 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 period. Bank of Montreal Can raised its stake in shares of Emerge Energy Services by 41.2% in the second 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 grew its position in shares of Emerge Energy Services by 32.4% during the first quarter. Credit Suisse AG now owns 531,884 shares of the oil and gas company’s stock worth $7,366,000 after purchasing an additional 130,034 shares in the last quarter. California Public Employees Retirement System grew its position in shares of Emerge Energy Services by 1.8% during the second quarter. California Public Employees Retirement System now owns 279,100 shares of the oil and gas company’s stock worth $2,515,000 after purchasing an additional 5,000 shares in the last quarter. Finally, ING Groep NV purchased a new stake in shares of Emerge Energy Services during the second quarter worth about $1,802,000. 30.04% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Emerge Energy Services (EMES) opened at 8.24 on Friday. Emerge Energy Services has a one year low of $5.65 and a one year high of $24.45. The stock’s market cap is $248.44 million. The company has a 50-day moving average price of $6.62 and a 200 day moving average price of $10.08.
Emerge Energy Services (NYSE:EMES) last posted its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.11) earnings per share 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 firm had revenue of $82.60 million during the quarter, compared to the consensus estimate of $97.18 million. During the same period in the prior year, the company posted ($1.17) EPS. The firm’s revenue was up 233.1% compared to the same quarter last year. Equities research analysts expect that Emerge Energy Services will post ($0.52) earnings per share for the current year.
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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