Janney Montgomery Scott started coverage on shares of Emerge Energy Services LP (NYSE:EMES) in a research note released on Wednesday. The firm issued a neutral rating and a $8.00 target price on the oil and gas company’s stock.

Other research analysts have also recently issued research reports about the stock. Cowen and Company restated a hold rating and issued a $12.00 target price on shares of Emerge Energy Services in a report on Tuesday, July 11th. Zacks Investment Research upgraded shares of Emerge Energy Services from a sell rating to a hold rating in a report on Tuesday. Seaport Global Securities restated a buy rating on shares of Emerge Energy Services in a report on Monday, August 7th. Evercore ISI assumed coverage on shares of Emerge Energy Services in a report on Thursday, May 25th. They issued an in-line rating and a $15.00 target price for the company. Finally, ValuEngine cut shares of Emerge Energy Services from a hold rating to a sell rating in a report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Emerge Energy Services has an average rating of Hold and a consensus price target of $17.43.

Shares of Emerge Energy Services (EMES) traded down 1.75% during midday trading on Wednesday, reaching $6.73. 109,068 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $6.61 and its 200 day moving average price is $10.83. The firm’s market capitalization is $202.91 million. 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 issued its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $82.60 million during the quarter, compared to analyst estimates of $97.18 million. During the same quarter in the previous year, the company posted ($1.17) EPS. The company’s quarterly revenue was up 233.1% on a year-over-year basis. On average, equities research analysts anticipate that Emerge Energy Services will post ($0.56) EPS for the current fiscal year.

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A number of large investors have recently modified their holdings of the stock. Bank of America Corp DE boosted its stake in 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 worth $16,245,000 after purchasing an additional 168,346 shares during the period. Bank of Montreal Can boosted its stake in Emerge Energy Services by 41.2% during the 2nd quarter. Bank of Montreal Can now owns 534,400 shares of the oil and gas company’s stock worth $4,815,000 after purchasing an additional 155,900 shares during the period. Credit Suisse AG boosted its stake in 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 worth $7,366,000 after purchasing an additional 130,034 shares during the period. California Public Employees Retirement System boosted its stake in Emerge Energy Services by 1.8% during the 2nd quarter. California Public Employees Retirement System now owns 279,100 shares of the oil and gas company’s stock worth $2,515,000 after purchasing an additional 5,000 shares during the period. Finally, ING Groep NV acquired a new stake in Emerge Energy Services during the 2nd quarter worth $1,802,000. Hedge funds and other institutional investors 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.

Analyst Recommendations for Emerge Energy Services (NYSE:EMES)

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