Blair William & Co. IL decreased its stake in Emerge Energy Services LP (NYSE:EMES) by 15.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,925 shares of the oil and gas company’s stock after selling 10,250 shares during the period. Blair William & Co. IL owned approximately 0.19% of Emerge Energy Services worth $356,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Virtu Financial LLC lifted its stake 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 valued at $628,000 after purchasing an additional 70,310 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in shares of Emerge Energy Services in the fourth quarter valued at about $162,000. Credit Capital Investments LLC acquired a new stake in shares of Emerge Energy Services in the fourth quarter valued at about $194,000. Sanders Morris Harris LLC increased its holdings in 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 acquiring an additional 32,336 shares in the last quarter. Finally, Deutsche Bank AG purchased a new position in Emerge Energy Services during the 4th quarter valued at about $1,134,000. Hedge funds and other institutional investors own 9.53% of the company’s stock.
Several equities analysts have weighed in on the stock. Goldman Sachs Group downgraded shares of Emerge Energy Services from a “buy” rating to a “neutral” rating and set a $8.00 target price for the company. in a report on Monday, May 14th. B. Riley raised their target price on shares of Emerge Energy Services from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Cowen set a $8.00 target price on shares of Emerge Energy Services and gave the company a “hold” rating in a report on Friday, April 13th. Finally, Zacks Investment Research upgraded shares of Emerge Energy Services from a “sell” rating to a “hold” rating in a report on Friday, March 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Emerge Energy Services presently has a consensus rating of “Hold” and an average target price of $9.14.
Emerge Energy Services opened at $7.27 on Thursday, MarketBeat reports. The company has a quick ratio of 1.82, a current ratio of 2.14 and a debt-to-equity ratio of 3.44. Emerge Energy Services LP has a twelve month low of $5.65 and a twelve month high of $10.45. The stock has a market cap of $219.83 million, a price-to-earnings ratio of -60.58 and a beta of 1.88.
Emerge Energy Services (NYSE:EMES) last posted its earnings results on Tuesday, May 1st. The oil and gas company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). The business had revenue of $106.75 million for the quarter, compared to analysts’ expectations of $102.24 million. Emerge Energy Services had a net margin of 1.53% and a return on equity of 19.61%. The business’s revenue was up 41.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.38) earnings per share. research analysts forecast that Emerge Energy Services LP will post 1.46 EPS for the current year.
About Emerge Energy Services
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.
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