Stock analysts at Piper Jaffray Companies began coverage on shares of Emerge Energy Services LP (NYSE:EMES) in a research report issued on Monday. The firm set a “neutral” rating on the oil and gas company’s stock.

Several other research firms have also commented on EMES. Stifel Nicolaus reissued a “buy” rating and issued a $13.00 price target on shares of Emerge Energy Services in a research report on Sunday, September 10th. Zacks Investment Research lowered Emerge Energy Services from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Seaport Global Securities reissued a “buy” rating on shares of Emerge Energy Services in a research report on Monday, August 7th. ValuEngine lowered Emerge Energy Services from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, Cowen and Company restated a “hold” rating and set a $12.00 target price on shares of Emerge Energy Services in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $17.00.

Shares of Emerge Energy Services (EMES) opened at 9.17 on Monday. Emerge Energy Services has a 1-year low of $5.65 and a 1-year high of $24.45. The stock has a 50 day moving average price of $6.62 and a 200-day moving average price of $10.08. The stock’s market capitalization is $276.48 million.

Emerge Energy Services (NYSE:EMES) last released its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.02). The company had revenue of $82.60 million during the quarter, compared to the consensus estimate 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 revenue was up 233.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.17) earnings per share. On average, analysts forecast that Emerge Energy Services will post ($0.58) earnings per share for the current year.

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A number of hedge funds have recently made changes to their positions in the stock. Deprince Race & Zollo Inc. grew its stake in Emerge Energy Services by 4.0% during the 1st quarter. Deprince Race & Zollo Inc. now owns 10,400 shares of the oil and gas company’s stock worth $144,000 after buying an additional 400 shares during the last quarter. Royal Bank of Canada grew its stake in Emerge Energy Services by 6.6% during the 2nd quarter. Royal Bank of Canada now owns 25,187 shares of the oil and gas company’s stock worth $227,000 after buying an additional 1,550 shares during the last quarter. Stifel Financial Corp grew its stake in Emerge Energy Services by 13.2% during the 2nd quarter. Stifel Financial Corp now owns 17,433 shares of the oil and gas company’s stock worth $156,000 after buying an additional 2,027 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Emerge Energy Services by 4.4% during the 1st quarter. Russell Investments Group Ltd. now owns 66,894 shares of the oil and gas company’s stock worth $926,000 after buying an additional 2,804 shares during the last quarter. Finally, California Public Employees Retirement System grew 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 buying an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 30.04% 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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