Wall Street brokerages expect Emerge Energy Services LP (NYSE:EMES) to report $109.22 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Emerge Energy Services’ earnings. The highest sales estimate is $121.40 million and the lowest is $101.20 million. Emerge Energy Services reported sales of $42.62 million in the same quarter last year, which would suggest a positive year over year growth rate of 156.3%. The business is scheduled to announce its next earnings report on Monday, February 26th.

On average, analysts expect that Emerge Energy Services will report full-year sales of $109.22 million for the current year, with estimates ranging from $352.40 million to $382.50 million. For the next fiscal year, analysts anticipate that the firm will post sales of $490.98 million per share, with estimates ranging from $452.80 million to $525.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Emerge Energy Services.

EMES has been the subject of several research analyst reports. Zacks Investment Research lowered Emerge Energy Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Seaport Global Securities reaffirmed a “buy” rating on shares of Emerge Energy Services in a research report on Monday, August 7th. Cowen and Company reaffirmed a “hold” rating and issued a $12.00 target price on shares of Emerge Energy Services in a research report on Friday, August 11th. ValuEngine lowered Emerge Energy Services from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Finally, Janney Montgomery Scott started coverage on Emerge Energy Services in a research report on Wednesday, September 6th. They issued a “neutral” rating and a $8.00 target price for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Emerge Energy Services has a consensus rating of “Hold” and a consensus price target of $16.13.

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In related news, Director Mark A. Gottfredson purchased 68,850 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was acquired at an average price of $8.66 per share, for a total transaction of $596,241.00. Following the purchase, the director now owns 65,840 shares of the company’s stock, valued at $570,174.40. The transaction was disclosed in a filing with the SEC, which is available at this link.

A number of hedge funds have recently added to or reduced their stakes in EMES. ING Groep NV acquired a new position in Emerge Energy Services during the 2nd quarter valued at about $1,802,000. 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 valued at $4,815,000 after purchasing an additional 155,900 shares during the last quarter. SG Capital Management LLC acquired a new position in Emerge Energy Services during the 3rd quarter valued at about $1,244,000. Tocqueville Asset Management L.P. acquired a new position in Emerge Energy Services during the 2nd quarter valued at about $1,230,000. Finally, 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 valued at $7,366,000 after purchasing an additional 130,034 shares during the last quarter. Institutional investors and hedge funds own 30.25% of the company’s stock.

Emerge Energy Services (NYSE EMES) traded down $0.03 during mid-day trading on Friday, hitting $8.86. The stock had a trading volume of 562,300 shares, compared to its average volume of 582,895. Emerge Energy Services has a 1 year low of $5.65 and a 1 year high of $24.45. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.48 and a quick ratio of 1.04.

About Emerge Energy Services

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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