Equities analysts predict that Emerge Energy Services LP (NYSE:EMES) will announce $103.28 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Emerge Energy Services’ earnings. The highest sales estimate is $109.60 million and the lowest is $99.52 million. Emerge Energy Services reported sales of $75.34 million in the same quarter last year, which indicates a positive year-over-year growth rate of 37.1%. The company is expected to report its next earnings results on Wednesday, May 2nd.
On average, analysts expect that Emerge Energy Services will report full-year sales of $103.28 million for the current financial year, with estimates ranging from $495.00 million to $568.46 million. For the next financial year, analysts anticipate that the company will report sales of $598.85 million per share, with estimates ranging from $535.22 million to $707.85 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Emerge Energy Services.
Emerge Energy Services (NYSE:EMES) last posted its quarterly earnings data on Monday, February 26th. The oil and gas company reported $0.18 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 8.54% and a negative net margin of 1.88%. The firm’s quarterly revenue was up 142.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.80) EPS.
Several analysts have recently issued reports on the company. Zacks Investment Research raised Emerge Energy Services from a “sell” rating to a “hold” rating in a report on Friday, March 9th. B. Riley increased their target price on Emerge Energy Services from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Stifel Nicolaus reduced their target price on Emerge Energy Services from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Tuesday, February 27th. ValuEngine lowered Emerge Energy Services from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, Piper Jaffray Companies set a $9.00 target price on Emerge Energy Services and gave the stock a “hold” rating in a report on Monday, January 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Emerge Energy Services presently has a consensus rating of “Hold” and a consensus price target of $13.25.
Emerge Energy Services (EMES) traded up $0.15 on Tuesday, hitting $6.95. The stock had a trading volume of 314,623 shares, compared to its average volume of 656,487. The firm has a market cap of $211.10, a price-to-earnings ratio of -53.46 and a beta of 1.85. Emerge Energy Services has a 12 month low of $5.65 and a 12 month 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.
Large investors have recently added to or reduced their stakes in the stock. Landscape Capital Management L.L.C. acquired a new stake in Emerge Energy Services in the fourth quarter valued at about $162,000. B. Riley Financial Inc. acquired a new stake in Emerge Energy Services in the third quarter valued at about $190,000. Credit Capital Investments LLC acquired a new stake in Emerge Energy Services in the fourth quarter valued at about $194,000. Royal Bank of Canada boosted its stake in Emerge Energy Services by 6.6% in the second quarter. Royal Bank of Canada now owns 25,187 shares of the oil and gas company’s stock valued at $227,000 after buying an additional 1,550 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake 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 valued at $290,000 after buying an additional 16,379 shares in the last quarter. 18.31% of the stock is currently 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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