Russell Investments Group Ltd. boosted its holdings in Emerge Energy Services LP (NYSE:EMES) by 22.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 72,736 shares of the oil and gas company’s stock after purchasing an additional 13,475 shares during the quarter. Russell Investments Group Ltd. owned about 0.24% of Emerge Energy Services worth $599,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings 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 buying an additional 1,550 shares in the last quarter. Stifel Financial Corp grew its holdings 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 buying an additional 2,027 shares in the last quarter. California Public Employees Retirement System grew its holdings in Emerge Energy Services by 1.8% during the second quarter. California Public Employees Retirement System now owns 279,100 shares of the oil and gas company’s stock worth $2,515,000 after buying an additional 5,000 shares in the last quarter. FineMark National Bank & Trust purchased a new position in Emerge Energy Services in the third quarter worth $132,000. Finally, Wells Fargo & Company MN boosted its position in Emerge Energy Services by 103.9% in the second quarter. Wells Fargo & Company MN now owns 32,144 shares of the oil and gas company’s stock worth $290,000 after purchasing an additional 16,379 shares during the last quarter. Hedge funds and other institutional investors own 23.32% of the company’s stock.
EMES has been the topic of several research analyst reports. Piper Jaffray Companies initiated coverage on Emerge Energy Services in a research report on Monday, September 25th. They issued a “neutral” rating and a $10.00 price objective on the stock. Zacks Investment Research raised Emerge Energy Services from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. BidaskClub raised Emerge Energy Services from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Cowen set a $12.00 price target on Emerge Energy Services and gave the company a “hold” rating in a research report on Wednesday, October 18th. Finally, 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 objective on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $15.22.
In other news, Director Mark A. Gottfredson acquired 68,850 shares of Emerge Energy Services stock in a transaction dated Wednesday, November 8th. The shares were purchased at an average cost of $8.66 per share, for a total transaction of $596,241.00. Following the transaction, the director now owns 65,840 shares of the company’s stock, valued at $570,174.40. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Emerge Energy Services LP (NYSE EMES) opened at $9.80 on Thursday. The firm has a market capitalization of $295.50, a PE ratio of -9.07 and a beta of 1.58. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 3.64. Emerge Energy Services LP has a one year low of $5.65 and a one year high of $24.45.
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Emerge Energy Services Profile
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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