Equities research analysts predict that Emerge Energy Services LP (NYSE:EMES) will report sales of $103.28 million for the current quarter, according to Zacks. Four analysts have made estimates for Emerge Energy Services’ earnings, with the highest sales estimate coming in at $109.60 million and the lowest estimate coming in at $99.52 million. Emerge Energy Services reported sales of $75.34 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 37.1%. The firm is expected to announce its next earnings report before the market opens on Tuesday, May 1st.
On average, analysts expect that Emerge Energy Services will report full year sales of $103.28 million for the current year, with estimates ranging from $495.00 million to $568.46 million. For the next financial year, analysts expect that the business will post sales of $598.85 million per share, with estimates ranging from $535.22 million to $707.85 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Emerge Energy Services.
Emerge Energy Services (NYSE:EMES) last released its quarterly 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 during the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was up 142.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.80) earnings per share.
A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Emerge Energy Services from a “hold” rating to a “sell” rating in a research report on Tuesday, February 27th. B. Riley increased their price target on Emerge Energy Services from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. ValuEngine lowered Emerge Energy Services from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Piper Jaffray reissued a “hold” rating and issued a $8.75 price target on shares of Emerge Energy Services in a research report on Tuesday, December 26th. Finally, Stifel Nicolaus lowered their price target on Emerge Energy Services from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $13.25.
Several institutional investors have recently made changes to their positions in the company. Deutsche Bank AG purchased a new stake in shares of Emerge Energy Services during the 4th quarter valued at $1,134,000. Virtu Financial LLC increased its position 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 valued at $628,000 after purchasing an additional 70,310 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Emerge Energy Services by 22.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 72,736 shares of the oil and gas company’s stock valued at $599,000 after purchasing an additional 13,475 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Emerge Energy Services by 66.6% during the 4th quarter. Wells Fargo & Company MN now owns 56,500 shares of the oil and gas company’s stock valued at $406,000 after purchasing an additional 22,585 shares during the last quarter. Finally, Sanders Morris Harris LLC increased its position 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 valued at $357,000 after purchasing an additional 32,336 shares during the last quarter. 18.16% of the stock is owned by hedge funds and other institutional investors.
NYSE EMES traded down $0.23 on Friday, reaching $6.72. The company had a trading volume of 288,238 shares, compared to its average volume of 596,896. The firm has a market capitalization of $198.13, a P/E ratio of -56.00 and a beta of 1.90. Emerge Energy Services has a 52-week low of $5.65 and a 52-week high of $15.05. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 3.59.
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Emerge Energy Services Company 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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