ValuEngine Downgrades Emerge Energy Services LP (EMES) to Strong Sell
Emerge Energy Services LP (NYSE:EMES) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.
A number of other research analysts have also recently commented on the company. Cowen and Company reiterated a “hold” rating and issued a $12.00 price objective on shares of Emerge Energy Services in a report on Friday, August 11th. Seaport Global Securities restated a “buy” rating on shares of Emerge Energy Services in a research note on Monday, August 7th. Zacks Investment Research cut Emerge Energy Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Evercore ISI assumed coverage on Emerge Energy Services in a research note on Thursday, May 25th. They set an “in-line” rating and a $15.00 price target on the stock. Finally, Stifel Nicolaus upgraded Emerge Energy Services from a “hold” rating to a “buy” rating and upped their price target for the stock from $14.00 to $16.00 in a research note on Thursday, May 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $19.00.
Emerge Energy Services (EMES) traded up 0.15% on Friday, reaching $6.57. The company’s stock had a trading volume of 289,270 shares. The firm’s market capitalization is $198.09 million. The company has a 50 day moving average of $6.77 and a 200 day moving average of $11.16. Emerge Energy Services has a 52 week low of $5.65 and a 52 week 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 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 business had revenue of $82.60 million during the quarter, compared to analyst estimates of $97.18 million. During the same quarter in the prior year, the company posted ($1.17) earnings per share. The company’s revenue was up 233.1% on a year-over-year basis. On average, analysts forecast that Emerge Energy Services will post ($0.56) earnings per share for the current year.
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Hedge funds have recently made changes to their positions in the stock. FNY Partners Fund LP bought a new stake in shares of Emerge Energy Services during the first quarter valued at about $117,000. Deprince Race & Zollo Inc. boosted its stake in shares of Emerge Energy Services by 4.0% in the first quarter. Deprince Race & Zollo Inc. now owns 10,400 shares of the oil and gas company’s stock valued at $144,000 after buying an additional 400 shares during the last quarter. Peconic Partners LLC bought a new stake in shares of Emerge Energy Services during the first quarter valued at about $150,000. KCG Holdings Inc. bought a new stake in shares of Emerge Energy Services during the first quarter valued at about $165,000. Finally, Stifel Financial Corp boosted its stake in shares of Emerge Energy Services by 16.3% in the first 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 during the last quarter. Institutional investors and hedge funds own 31.03% 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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