Emerge Energy Services (NYSE:EMES) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.
According to Zacks, “Emerge Energy Services LP is engaged in owning, operation, acquisition and development of energy service assets primarily in the United States. It operates in two business segments: sand and fuel processing and distribution. Emerge Energy Services LP is based in Southlake, Texas. “
A number of other equities analysts have also issued reports on EMES. B. Riley initiated coverage on Emerge Energy Services in a research note on Wednesday, December 6th. They set a “neutral” rating and a $9.00 price target for the company. Piper Jaffray Companies reissued a “hold” rating and set a $8.75 price objective on shares of Emerge Energy Services in a research note on Tuesday, December 26th. ValuEngine lowered Emerge Energy Services from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Finally, Stifel Nicolaus reduced their price objective on Emerge Energy Services from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $13.25.
Emerge Energy Services (EMES) opened at $6.95 on Friday. The company has a debt-to-equity ratio of 3.59, a quick ratio of 1.42 and a current ratio of 2.00. The stock has a market capitalization of $210.84, a price-to-earnings ratio of -28.96 and a beta of 1.85. Emerge Energy Services has a one year low of $5.65 and a one year high of $15.05.
Emerge Energy Services (NYSE:EMES) last issued its quarterly earnings results on Monday, February 26th. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.13). The firm had revenue of $103.14 million for the quarter, compared to the consensus estimate of $114.36 million. Emerge Energy Services had a negative net margin of 1.88% and a negative return on equity of 8.54%. The business’s revenue for the quarter was up 142.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.80) earnings per share. equities research analysts predict that Emerge Energy Services will post 1.37 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in EMES. Deutsche Bank AG bought a new stake in shares of Emerge Energy Services during the 4th quarter worth $1,134,000. SG Capital Management LLC bought a new stake in shares of Emerge Energy Services during the 3rd quarter worth $1,244,000. Virtu Financial LLC boosted its stake in shares of Emerge Energy Services by 411.1% during the 4th quarter. Virtu Financial LLC now owns 87,412 shares of the oil and gas company’s stock worth $628,000 after acquiring an additional 70,310 shares in the last quarter. Sanders Morris Harris LLC boosted its stake in shares of Emerge Energy Services by 187.3% during the 4th quarter. Sanders Morris Harris LLC now owns 49,600 shares of the oil and gas company’s stock worth $357,000 after acquiring an additional 32,336 shares in the last quarter. Finally, Credit Capital Investments LLC bought a new stake in shares of Emerge Energy Services during the 4th quarter worth $194,000. 18.31% of the stock is 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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