Piper Jaffray Companies restated their hold rating on shares of Emerge Energy Services (NYSE:EMES) in a research report report published on Tuesday. They currently have a $7.00 price objective on the oil and gas company’s stock. Piper Jaffray Companies also issued estimates for Emerge Energy Services’ Q4 2018 earnings at $0.33 EPS.

EMES has been the topic of a number of other reports. Zacks Investment Research raised Emerge Energy Services from a hold rating to a buy rating and set a $8.00 target price on the stock in a report on Tuesday, July 3rd. Stifel Nicolaus lowered Emerge Energy Services from a buy rating to a hold rating in a report on Thursday, August 2nd. Cowen set a $8.00 price objective on Emerge Energy Services and gave the company a hold rating in a report on Friday, April 13th. Goldman Sachs Group lowered Emerge Energy Services from a buy rating to a neutral rating and set a $8.00 price objective on the stock. in a report on Monday, May 14th. Finally, ValuEngine raised Emerge Energy Services from a strong sell rating to a sell rating in a report on Tuesday, July 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $8.75.

Shares of Emerge Energy Services traded down $0.17, reaching $5.78, during trading on Tuesday, MarketBeat.com reports. 3,073 shares of the company’s stock were exchanged, compared to its average volume of 615,849. The company has a current ratio of 2.14, a quick ratio of 1.82 and a debt-to-equity ratio of 3.44. The firm has a market capitalization of $199.99 million, a PE ratio of -48.46 and a beta of 1.93. Emerge Energy Services has a twelve month low of $5.65 and a twelve month high of $10.45.

Emerge Energy Services (NYSE:EMES) last posted its earnings results on Wednesday, August 1st. The oil and gas company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.08). The business had revenue of $101.84 million for the quarter, compared to analyst estimates of $122.78 million. Emerge Energy Services had a return on equity of 44.28% and a net margin of 5.19%. The firm’s revenue was up 23.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.11) earnings per share. sell-side analysts predict that Emerge Energy Services will post 1.41 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of EMES. Allianz Asset Management GmbH acquired a new position in Emerge Energy Services in the 1st quarter valued at $1,048,000. Deutsche Bank AG acquired a new stake in shares of Emerge Energy Services during the 4th quarter worth $1,134,000. Sanders Morris Harris LLC grew its holdings in shares of Emerge Energy Services by 156.1% during the 2nd quarter. Sanders Morris Harris LLC now owns 88,600 shares of the oil and gas company’s stock worth $632,000 after purchasing an additional 54,000 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Emerge Energy Services by 66.6% during the 4th quarter. Wells Fargo & Company MN now owns 56,500 shares of the oil and gas company’s stock worth $406,000 after purchasing an additional 22,585 shares in the last quarter. 9.64% of the stock is currently owned by hedge funds and other institutional investors.

Emerge Energy Services Company Profile

Emerge Energy Services LP, through its subsidiary, Superior Silica Sands LLC, operates an energy services company in the United States. It engages in mining, producing, and distributing silica sand, which is a primary input for the hydraulic fracturing of oil and natural gas wells. The company serves oilfield services companies, and exploration and production companies that are engaged in hydraulic fracturing.

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Analyst Recommendations for Emerge Energy Services (NYSE:EMES)

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