Stock Traders Purchase High Volume of Emerge Energy Services Put Options (EMES)

Emerge Energy Services LP (NYSE:EMES) was the target of some unusual options trading on Monday. Stock traders acquired 8,667 put options on the stock. This represents an increase of approximately 3,840% compared to the typical volume of 220 put options.

Several institutional investors have recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in shares of Emerge Energy Services by 6.6% in the 2nd quarter. Royal Bank of Canada now owns 25,187 shares of the oil and gas company’s stock worth $227,000 after purchasing an additional 1,550 shares during the period. Stifel Financial Corp boosted its holdings in shares of Emerge Energy Services by 13.2% in the 2nd quarter. Stifel Financial Corp now owns 17,433 shares of the oil and gas company’s stock worth $156,000 after purchasing an additional 2,027 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Emerge Energy Services by 1.8% in the 2nd quarter. California Public Employees Retirement System now owns 279,100 shares of the oil and gas company’s stock worth $2,515,000 after purchasing an additional 5,000 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Emerge Energy Services by 22.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 72,736 shares of the oil and gas company’s stock worth $599,000 after purchasing an additional 13,475 shares during the period. Finally, FineMark National Bank & Trust purchased a new position in shares of Emerge Energy Services in the 3rd quarter worth approximately $132,000. Hedge funds and other institutional investors own 23.22% of the company’s stock.

Emerge Energy Services (NYSE EMES) opened at $7.77 on Tuesday. The company has a market capitalization of $234.46, a P/E ratio of -6.53 and a beta of 1.70. 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 has a 1-year low of $5.65 and a 1-year high of $24.45.

EMES has been the subject of several research analyst reports. Piper Jaffray Companies set a $9.00 price target on Emerge Energy Services and gave the company a “hold” rating in a report on Monday, January 1st. BidaskClub upgraded Emerge Energy Services from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Zacks Investment Research upgraded Emerge Energy Services from a “sell” rating to a “hold” rating in a report on Monday, November 6th. B. Riley initiated coverage on Emerge Energy Services in a report on Wednesday, December 6th. They set a “neutral” rating and a $9.00 price target for the company. Finally, ValuEngine cut Emerge Energy Services from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. 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 company presently has a consensus rating of “Hold” and a consensus price target of $13.38.

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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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