Q4 2017 Earnings Forecast for Emerge Energy Services LP (EMES) Issued By Seaport Global Securities
Emerge Energy Services LP (NYSE:EMES) – Research analysts at Seaport Global Securities raised their Q4 2017 earnings estimates for shares of Emerge Energy Services in a research report issued on Friday. Seaport Global Securities analyst S. Randhawa now anticipates that the oil and gas company will post earnings of $0.28 per share for the quarter, up from their previous forecast of $0.25. Seaport Global Securities also issued estimates for Emerge Energy Services’ Q1 2018 earnings at $0.35 EPS, Q2 2018 earnings at $0.36 EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.39 EPS and FY2018 earnings at $1.49 EPS.
A number of other equities analysts have also recently issued reports on the stock. Cowen set a $12.00 price objective on shares of Emerge Energy Services and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Zacks Investment Research upgraded shares of Emerge Energy Services from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. BidaskClub upgraded shares of Emerge Energy Services from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Piper Jaffray Companies restated a “hold” rating and issued a $10.00 price target on shares of Emerge Energy Services in a research report on Friday, November 3rd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $13.00 price objective on shares of Emerge Energy Services in a research report on Sunday, September 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Emerge Energy Services presently has an average rating of “Hold” and an average target price of $15.33.
Shares of Emerge Energy Services (NYSE EMES) opened at $7.34 on Monday. Emerge Energy Services has a twelve month low of $5.65 and a twelve month high of $24.45. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 3.64.
Several institutional investors have recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC lifted its stake in shares of Emerge Energy Services by 106.7% in the third quarter. Chicago Partners Investment Group LLC now owns 42,380 shares of the oil and gas company’s stock valued at $349,000 after buying an additional 21,875 shares in the last quarter. B. Riley Financial Inc. bought a new position in shares of Emerge Energy Services in the third quarter valued at $190,000. SG Capital Management LLC bought a new position in shares of Emerge Energy Services in the third quarter valued at $1,244,000. Russell Investments Group Ltd. lifted its stake in shares of Emerge Energy Services by 22.7% in the third quarter. Russell Investments Group Ltd. now owns 72,736 shares of the oil and gas company’s stock valued at $599,000 after buying an additional 13,475 shares in the last quarter. Finally, Tocqueville Asset Management L.P. lifted its stake in shares of Emerge Energy Services by 89.3% in the third quarter. Tocqueville Asset Management L.P. now owns 258,335 shares of the oil and gas company’s stock valued at $2,129,000 after buying an additional 121,835 shares in the last quarter. 23.46% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Mark A. Gottfredson bought 68,850 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average cost of $8.66 per share, with a total value of $596,241.00. Following the completion of the purchase, the director now directly owns 65,840 shares in the company, valued at $570,174.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
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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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