Emerge Energy Services LP (NYSE:EMES) was the target of unusually large options trading activity on Monday. Traders bought 8,667 put options on the stock. This represents an increase of 3,840% compared to the typical volume of 220 put options.
Institutional investors and hedge funds have recently bought and sold shares of the stock. FineMark National Bank & Trust acquired a new position in Emerge Energy Services during the third quarter worth about $132,000. Stifel Financial Corp boosted its position in Emerge Energy Services by 13.2% during the second quarter. Stifel Financial Corp now owns 17,433 shares of the oil and gas company’s stock worth $156,000 after acquiring an additional 2,027 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in Emerge Energy Services during the fourth quarter worth about $162,000. B. Riley Financial Inc. acquired a new position in Emerge Energy Services during the third quarter worth about $190,000. Finally, Royal Bank of Canada boosted its position in Emerge Energy Services by 6.6% during the second quarter. Royal Bank of Canada now owns 25,187 shares of the oil and gas company’s stock worth $227,000 after acquiring an additional 1,550 shares during the last quarter. Hedge funds and other institutional investors own 18.31% of the company’s stock.
Several equities research analysts have recently commented on the stock. ValuEngine downgraded shares of Emerge Energy Services from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. B. Riley initiated coverage on shares of Emerge Energy Services in a report on Wednesday, December 6th. They set a “neutral” rating and a $9.00 target price for the company. Zacks Investment Research cut shares of Emerge Energy Services from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th. Stifel Nicolaus reduced their target price on shares of Emerge Energy Services from $13.00 to $11.00 and set a “buy” rating for the company in a report on Tuesday, February 27th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $8.75 target price on shares of Emerge Energy Services in a report on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.25.
Emerge Energy Services (NYSE EMES) traded down $0.18 during mid-day trading on Wednesday, hitting $6.93. 230,067 shares of the stock were exchanged, compared to its average volume of 545,609. The stock has a market capitalization of $208.96, a PE ratio of -53.31 and a beta of 1.85. The company has a quick ratio of 1.42, a current ratio of 2.00 and a debt-to-equity ratio of 3.59. Emerge Energy Services has a twelve month low of $5.65 and a twelve month high of $15.05.
Emerge Energy Services (NYSE:EMES) last released its earnings results on Monday, February 26th. The oil and gas company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.13). The company had revenue of $103.14 million for the quarter, compared to analysts’ expectations of $114.36 million. Emerge Energy Services had a negative return on equity of 8.54% and a negative net margin of 1.88%. The firm’s revenue for the quarter was up 142.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.80) EPS. equities research analysts expect that Emerge Energy Services will post 1.37 earnings per share for the current year.
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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