Emerge Energy Services LP (EMES) Lifted to Buy at BidaskClub
Emerge Energy Services LP (NYSE:EMES) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Thursday.
A number of other equities analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Emerge Energy Services from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Wednesday, July 5th. Cowen and Company reiterated a “hold” rating and set a $12.00 target price on shares of Emerge Energy Services in a research report on Tuesday, July 11th. ValuEngine lowered shares of Emerge Energy Services from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Stifel Nicolaus reiterated a “buy” rating and set a $13.00 target price on shares of Emerge Energy Services in a research report on Sunday, September 10th. Finally, Janney Montgomery Scott initiated coverage on shares of Emerge Energy Services in a research report on Wednesday, September 6th. They set a “neutral” rating and a $8.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $16.13.
Shares of Emerge Energy Services (EMES) opened at 8.70 on Thursday. Emerge Energy Services has a 12-month low of $5.65 and a 12-month high of $24.45. The company’s market cap is $262.31 million. The stock’s 50 day moving average price is $6.62 and its 200-day moving average price is $10.08.
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 Zacks’ consensus estimate of ($0.09) by ($0.02). The firm had revenue of $82.60 million during the quarter, compared to analyst estimates of $97.18 million. Emerge Energy Services had a negative net margin of 14.29% and a negative return on equity of 170.44%. Emerge Energy Services’s quarterly revenue was up 233.1% on a year-over-year basis. During the same quarter last year, the firm earned ($1.17) earnings per share. On average, equities research analysts forecast that Emerge Energy Services will post ($0.52) earnings per share for the current year.
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Large investors have recently modified their holdings of the business. Peconic Partners LLC bought a new stake in Emerge Energy Services in the first quarter valued at approximately $150,000. Credit Suisse AG increased its stake 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 purchasing an additional 130,034 shares in the last quarter. Stifel Financial Corp increased its stake in 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 purchasing an additional 2,155 shares in the last quarter. Bank of America Corp DE increased its stake 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 purchasing an additional 168,346 shares in the last quarter. Finally, Deprince Race & Zollo Inc. increased its stake in Emerge Energy Services by 53.8% in the second quarter. Deprince Race & Zollo Inc. now owns 16,000 shares of the oil and gas company’s stock valued at $144,000 after purchasing an additional 5,600 shares in the last quarter. 30.04% of the stock is owned by hedge funds and other institutional investors.
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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