Emerge Energy Services (EMES) Receives Average Recommendation of “Hold” from Brokerages

Shares of Emerge Energy Services (NYSE:EMES) have been given an average rating of “Hold” by the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $10.17.

Several brokerages have recently weighed in on EMES. Stifel Nicolaus reduced their target price on shares of Emerge Energy Services from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Tuesday, February 27th. ValuEngine downgraded shares of Emerge Energy Services from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Emerge Energy Services from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Cowen set a $8.00 target price on shares of Emerge Energy Services and gave the company a “hold” rating in a research note on Friday, April 13th. Finally, B. Riley increased their target price on shares of Emerge Energy Services from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th.

Shares of EMES traded up $0.07 during midday trading on Thursday, hitting $7.33. The stock had a trading volume of 419,417 shares, compared to its average volume of 550,810. Emerge Energy Services has a 1 year low of $5.65 and a 1 year high of $14.35. The company has a market cap of $215.80, a P/E ratio of -61.08 and a beta of 1.90. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 3.59.

Emerge Energy Services (NYSE:EMES) last announced its earnings results on Monday, February 26th. The oil and gas company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.13). Emerge Energy Services had a negative net margin of 1.88% and a negative return on equity of 8.54%. The firm had revenue of $103.14 million during the quarter, compared to analysts’ expectations of $114.36 million. During the same period in the prior year, the company posted ($0.80) EPS. The company’s revenue was up 142.0% compared to the same quarter last year. analysts predict that Emerge Energy Services will post 1.38 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of EMES. Russell Investments Group Ltd. grew its holdings in shares of Emerge Energy Services by 22.7% in the third 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 last quarter. Wells Fargo & Company MN grew its holdings in shares of Emerge Energy Services by 66.6% in the fourth quarter. Wells Fargo & Company MN now owns 56,500 shares of the oil and gas company’s stock worth $406,000 after purchasing an additional 22,585 shares during the last quarter. Virtu Financial LLC grew its holdings in shares of Emerge Energy Services by 411.1% in the fourth quarter. Virtu Financial LLC now owns 87,412 shares of the oil and gas company’s stock worth $628,000 after purchasing an additional 70,310 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of Emerge Energy Services in the fourth quarter worth about $162,000. Finally, Deutsche Bank AG bought a new position in shares of Emerge Energy Services in the fourth quarter worth about $1,134,000. Hedge funds and other institutional investors own 17.49% of the company’s stock.

Emerge Energy Services Company Profile

Emerge Energy Services LP, through its subsidiary, Superior Silica Sands LLC, operates an energy services company in the United States. It engages in mining, producing, and distributing silica sand, which is a primary input for the hydraulic fracturing of oil and natural gas wells. The company serves oilfield services companies, and exploration and production companies that are engaged in hydraulic fracturing.

Analyst Recommendations for Emerge Energy Services (NYSE:EMES)

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