Emerge Energy Services LP (EMES) Upgraded to “Buy” by Wunderlich
Wunderlich upgraded shares of Emerge Energy Services LP (NYSE:EMES) from a hold rating to a buy rating in a research note issued to investors on Thursday morning. Wunderlich currently has $15.00 target price on the stock, up from their previous target price of $12.00.
Several other brokerages also recently commented on EMES. DA Davidson reissued a sell rating on shares of Emerge Energy Services in a research report on Saturday, June 25th. Seaport Global Securities raised shares of Emerge Energy Services from a neutral rating to a buy rating and set a $14.00 price objective on the stock in a research report on Friday, June 24th. Zacks Investment Research raised shares of Emerge Energy Services from a strong sell rating to a hold rating in a research report on Tuesday, June 28th. Finally, Stifel Nicolaus reissued a hold rating on shares of Emerge Energy Services in a research report on Friday, June 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $8.96.
Emerge Energy Services (NYSE:EMES) traded down 0.85% during trading on Thursday, hitting $12.84. 59,111 shares of the stock traded hands. The company’s market cap is $309.85 million. The firm has a 50-day moving average price of $12.34 and a 200 day moving average price of $8.46. Emerge Energy Services has a 52-week low of $1.97 and a 52-week high of $14.60.
Emerge Energy Services (NYSE:EMES) last released its earnings results on Monday, August 8th. The company reported ($0.95) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.92) by $0.03. The firm had revenue of $24.83 million for the quarter, compared to analysts’ expectations of $25.04 million. Emerge Energy Services’s revenue for the quarter was down 63.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.12 earnings per share. On average, equities analysts expect that Emerge Energy Services will post ($4.04) EPS for the current year.
Several institutional investors have recently modified their holdings of EMES. ING Groep NV boosted its position in shares of Emerge Energy Services by 307.7% in the first quarter. ING Groep NV now owns 265,000 shares of the company’s stock valued at $1,325,000 after buying an additional 200,000 shares during the period. Royal Bank of Canada raised its stake in Emerge Energy Services by 4.9% in the second quarter. Royal Bank of Canada now owns 13,800 shares of the company’s stock valued at $159,000 after buying an additional 650 shares in the last quarter. Stifel Financial Corp raised its stake in Emerge Energy Services by 10.8% in the second quarter. Stifel Financial Corp now owns 13,286 shares of the company’s stock valued at $153,000 after buying an additional 1,291 shares in the last quarter. Jane Street Group LLC purchased a new stake in Emerge Energy Services during the second quarter valued at about $224,000. Finally, KCG Holdings Inc. purchased a new stake in Emerge Energy Services during the second quarter valued at about $273,000.
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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