Emerge Energy Services (NYSE:EMES)‘s stock had its “hold” rating reissued by analysts at Piper Jaffray Companies in a research report issued to clients and investors on Tuesday, December 26th. They presently have a $8.75 price objective on the oil and gas company’s stock. Piper Jaffray Companies’ price target would suggest a potential downside of 9.89% from the company’s previous close.
A number of other research analysts have also recently weighed in on the stock. ValuEngine cut shares of Emerge Energy Services from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. BidaskClub upgraded shares of Emerge Energy Services from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Janney Montgomery Scott began coverage on shares of Emerge Energy Services in a research note on Wednesday, September 6th. They issued a “neutral” rating and a $8.00 target price on the stock. Zacks Investment Research upgraded shares of Emerge Energy Services from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, B. Riley began coverage on shares of Emerge Energy Services in a research note on Wednesday, December 6th. They issued a “neutral” rating and a $9.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. Emerge Energy Services presently has an average rating of “Hold” and a consensus target price of $15.22.
Emerge Energy Services (EMES) opened at $9.71 on Tuesday. Emerge Energy Services has a twelve month low of $5.65 and a twelve month high of $24.45. The firm has a market cap of $292.78, a PE ratio of -8.99 and a beta of 1.58. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 3.64.
In other news, Director Mark A. Gottfredson bought 68,850 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average price of $8.66 per share, with a total value of $596,241.00. Following the acquisition, the director now owns 65,840 shares of the company’s stock, valued at approximately $570,174.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its holdings in Emerge Energy Services by 103.9% during the 2nd quarter. Wells Fargo & Company MN now owns 32,144 shares of the oil and gas company’s stock worth $290,000 after acquiring an additional 16,379 shares during the period. Virtu KCG Holdings LLC increased its holdings in Emerge Energy Services by 216.4% during the 2nd quarter. Virtu KCG Holdings LLC now owns 37,637 shares of the oil and gas company’s stock worth $339,000 after acquiring an additional 25,741 shares during the period. SG Capital Management LLC bought a new stake in Emerge Energy Services during the 3rd quarter worth approximately $1,244,000. Chicago Partners Investment Group LLC increased its holdings in Emerge Energy Services by 106.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 42,380 shares of the oil and gas company’s stock worth $349,000 after acquiring an additional 21,875 shares during the period. Finally, Penn Capital Management Co. Inc. increased its holdings in Emerge Energy Services by 78.2% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 199,144 shares of the oil and gas company’s stock worth $1,794,000 after acquiring an additional 87,360 shares during the period. 23.32% of the stock is currently owned by institutional investors and hedge funds.
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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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