Emerge Energy Services (NYSE:EMES) Rating Reiterated by Piper Jaffray Companies

Emerge Energy Services (NYSE:EMES)‘s stock had its “hold” rating reissued by research analysts at Piper Jaffray Companies in a research note issued on Tuesday, December 26th. They currently have a $8.75 price objective on the oil and gas company’s stock. Piper Jaffray Companies’ price objective points to a potential downside of 9.89% from the company’s current price.

Several other equities research analysts have also recently commented on the company. B. Riley started coverage on Emerge Energy Services in a report on Wednesday, December 6th. They issued a “neutral” rating and a $9.00 price target for the company. Zacks Investment Research raised Emerge Energy Services from a “sell” rating to a “hold” rating in a report on Monday, November 6th. BidaskClub raised Emerge Energy Services from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Cowen set a $12.00 price target on Emerge Energy Services and gave the company a “hold” rating in a report on Wednesday, October 18th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $13.00 price target on shares of Emerge Energy Services in a report on Sunday, September 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.22.

Shares of Emerge Energy Services (NYSE:EMES) opened at $9.71 on Tuesday. Emerge Energy Services has a fifty-two week low of $5.65 and a fifty-two week high of $24.45. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.48 and a quick ratio of 1.04. The company has a market capitalization of $302.65, a P/E ratio of -8.16 and a beta of 1.59.

In other Emerge Energy Services news, Director Mark A. Gottfredson bought 68,850 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was bought at an average price of $8.66 per share, with a total value of $596,241.00. Following the completion of the purchase, the director now directly owns 65,840 shares in the company, valued at $570,174.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EMES. Wells Fargo & Company MN boosted its position in shares of Emerge Energy Services by 103.9% during the second quarter. Wells Fargo & Company MN now owns 32,144 shares of the oil and gas company’s stock worth $290,000 after buying an additional 16,379 shares during the period. Penn Capital Management Co. Inc. boosted its position in shares of Emerge Energy Services by 78.2% during the second quarter. Penn Capital Management Co. Inc. now owns 199,144 shares of the oil and gas company’s stock worth $1,794,000 after buying an additional 87,360 shares during the period. California Public Employees Retirement System boosted its position in shares of 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 during the period. Virtu KCG Holdings LLC boosted its position in shares of Emerge Energy Services by 216.4% during the second quarter. Virtu KCG Holdings LLC now owns 37,637 shares of the oil and gas company’s stock worth $339,000 after buying an additional 25,741 shares during the period. Finally, Stifel Financial Corp boosted its position in shares of 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 during the period. Institutional investors and hedge funds own 23.32% of the company’s stock.

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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.

Analyst Recommendations for Emerge Energy Services (NYSE:EMES)

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