Piper Jaffray Companies Reiterates “Hold” Rating for Emerge Energy Services LP (EMES)
Emerge Energy Services LP (NYSE:EMES)‘s stock had its “hold” rating restated by investment analysts at Piper Jaffray Companies in a research report issued on Friday. They currently have a $10.00 price objective on the oil and gas company’s stock. Piper Jaffray Companies’ price objective indicates a potential upside of 31.23% from the company’s previous close.
Several other equities research analysts have also commented on EMES. Seaport Global Securities restated a “buy” rating on shares of Emerge Energy Services in a research report on Monday, August 7th. Cowen and Company restated a “hold” rating and issued a $12.00 price objective on shares of Emerge Energy Services in a research report on Friday, August 11th. Zacks Investment Research upgraded Emerge Energy Services from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Janney Montgomery Scott began coverage on Emerge Energy Services in a research report on Wednesday, September 6th. They issued a “neutral” rating and a $8.00 price objective on the stock. Finally, BidaskClub upgraded Emerge Energy Services from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $16.13.
Shares of Emerge Energy Services (EMES) traded up $0.03 on Friday, reaching $7.62. The company had a trading volume of 704,741 shares, compared to its average volume of 488,632. The company has a quick ratio of 1.26, a current ratio of 1.79 and a debt-to-equity ratio of 4.46. Emerge Energy Services has a 1 year low of $5.65 and a 1 year high of $24.45.
Emerge Energy Services (NYSE:EMES) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.02). Emerge Energy Services had a negative return on equity of 69.72% and a negative net margin of 10.94%. The company had revenue of $82.60 million during the quarter, compared to analysts’ expectations of $97.18 million. During the same quarter in the prior year, the company posted ($1.17) EPS. The company’s revenue for the quarter was up 233.1% on a year-over-year basis. research analysts anticipate that Emerge Energy Services will post -0.35 EPS for the current year.
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Several large investors have recently made changes to their positions in EMES. Ameriprise Financial Inc. purchased a new position in shares of Emerge Energy Services during the 1st quarter valued at approximately $537,000. Stifel Financial Corp lifted its position in shares of Emerge Energy Services by 16.3% during the 1st quarter. Stifel Financial Corp now owns 15,406 shares of the oil and gas company’s stock valued at $217,000 after buying an additional 2,155 shares in the last quarter. KCG Holdings Inc. purchased a new position in shares of Emerge Energy Services during the 1st quarter valued at approximately $165,000. Bank of America Corp DE lifted its position in shares of 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 buying an additional 168,346 shares in the last quarter. Finally, Credit Suisse AG lifted its position in shares of 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 buying an additional 130,034 shares in the last quarter. Hedge funds and other institutional investors own 29.88% of the company’s stock.
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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