Emerge Energy Services LP (EMES) Price Target Increased to $28.50 by Analysts at Goldman Sachs Group Inc
Emerge Energy Services LP (NYSE:EMES) had its price target hoisted by Goldman Sachs Group Inc from $25.59 to $28.50 in a research report released on Monday. Goldman Sachs Group Inc currently has a buy rating on the oil and gas company’s stock.
EMES has been the subject of several other reports. Zacks Investment Research raised shares of Emerge Energy Services from a hold rating to a buy rating and set a $20.00 price objective for the company in a research note on Tuesday, January 31st. Wunderlich upped their price objective on shares of Emerge Energy Services from $20.00 to $30.00 and gave the company a buy rating in a research note on Thursday, February 9th. Finally, Stifel Nicolaus upped their price objective on shares of Emerge Energy Services from $9.00 to $12.00 and gave the company a hold rating in a research note on Wednesday, December 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of Buy and an average target price of $18.75.
Shares of Emerge Energy Services (NYSE:EMES) opened at 13.14 on Monday. The firm’s market cap is $395.13 million. Emerge Energy Services has a 12-month low of $3.00 and a 12-month high of $24.45. The company’s 50 day moving average price is $13.78 and its 200 day moving average price is $14.12.
Emerge Energy Services (NYSE:EMES) last issued its quarterly earnings data on Monday, February 27th. The oil and gas company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.71) by $0.06. The firm had revenue of $42.60 million for the quarter, compared to the consensus estimate of $40.29 million. Emerge Energy Services had a negative net margin of 28.61% and a negative return on equity of 255.24%. The business’s revenue was down 4.3% on a year-over-year basis. During the same period last year, the company posted ($0.41) earnings per share. Equities research analysts forecast that Emerge Energy Services will post ($0.33) EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in EMES. JPMorgan Chase & Co. increased its position in shares of Emerge Energy Services by 33.0% in the third quarter. JPMorgan Chase & Co. now owns 449,069 shares of the oil and gas company’s stock valued at $5,856,000 after buying an additional 111,345 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Emerge Energy Services during the fourth quarter valued at approximately $764,000. Castleark Management LLC increased its position in shares of Emerge Energy Services by 73.3% in the fourth quarter. Castleark Management LLC now owns 313,480 shares of the oil and gas company’s stock valued at $3,859,000 after buying an additional 132,550 shares in the last quarter. GLG Partners LP acquired a new position in shares of Emerge Energy Services during the fourth quarter valued at approximately $286,000. Finally, RR Advisors LLC acquired a new position in shares of Emerge Energy Services during the fourth quarter valued at approximately $693,000. 25.04% of the stock is owned by institutional investors.
About Emerge Energy Services
Emerge Energy Services LP owns, operates, acquires and develops a portfolio of energy service assets. The Company’s segments include Sand segment, Fuel segment and Corporate. The Company’s Sand segment consists of the production and sale of various grades of industrial sand primarily used in the extraction of oil and natural gas, as well as the production of building products and foundry materials.
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