Tocqueville Asset Management L.P. purchased a new position in Emerge Energy Services LP (NYSE:EMES) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 136,500 shares of the oil and gas company’s stock, valued at approximately $1,230,000. Tocqueville Asset Management L.P. owned about 0.45% of Emerge Energy Services as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in EMES. ING Groep NV acquired a new position in Emerge Energy Services during the second quarter valued at approximately $1,802,000. Bank of America Corp DE boosted its position in Emerge Energy Services by 16.8% in the first 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 during the period. Bank of Montreal Can boosted its position in Emerge Energy Services by 41.2% in the second quarter. Bank of Montreal Can now owns 534,400 shares of the oil and gas company’s stock valued at $4,815,000 after buying an additional 155,900 shares during the period. Credit Suisse AG boosted its position in Emerge Energy Services by 32.4% in the first 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 during the period. Finally, Parkwood LLC acquired a new position in Emerge Energy Services during the first quarter valued at approximately $667,000. Hedge funds and other institutional investors own 31.03% of the company’s stock.

Emerge Energy Services LP (EMES) opened at 6.25 on Monday. Emerge Energy Services LP has a 52 week low of $5.65 and a 52 week high of $24.45. The company’s 50-day moving average price is $7.02 and its 200 day moving average price is $11.67. The company’s market capitalization is $188.44 million.

Emerge Energy Services (NYSE:EMES) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.02. The company had revenue of $82.60 million for the quarter, compared to analyst estimates of $97.18 million. Emerge Energy Services had a negative return on equity of 170.44% and a negative net margin of 14.29%. The company’s quarterly revenue was up 233.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.17) EPS. On average, equities research analysts anticipate that Emerge Energy Services LP will post ($0.43) EPS for the current year.

WARNING: “136,500 Shares in Emerge Energy Services LP (EMES) Acquired by Tocqueville Asset Management L.P.” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another site, it was stolen and republished in violation of United States and international copyright law. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/08/28/136500-shares-in-emerge-energy-services-lp-emes-acquired-by-tocqueville-asset-management-l-p.html.

Several research firms have recently commented on EMES. Seaport Global Securities reiterated a “buy” rating on shares of Emerge Energy Services in a research note on Monday, August 7th. Cowen and Company restated a “hold” rating and set a $12.00 price objective on shares of Emerge Energy Services in a research note on Friday, August 11th. ValuEngine cut Emerge Energy Services from a “hold” rating to a “sell” rating in a research note on Saturday, June 10th. Zacks Investment Research cut Emerge Energy Services from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, Stifel Nicolaus upgraded Emerge Energy Services from a “hold” rating to a “buy” rating and raised their price objective for the stock from $14.00 to $16.00 in a research note on Thursday, May 4th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $19.00.

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.

Institutional Ownership by Quarter for Emerge Energy Services (NYSE:EMES)

Receive News & Stock Ratings for Emerge Energy Services LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerge Energy Services LP and related stocks with our FREE daily email newsletter.