Shares of Emerge Energy Services LP (NYSE:EMES) dropped 4.7% during trading on Thursday . The stock traded as low as $3.07 and last traded at $3.04. Approximately 922 shares changed hands during trading, a decline of 100% from the average daily volume of 482,553 shares. The stock had previously closed at $3.19.
EMES has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Emerge Energy Services from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a research report on Tuesday, July 3rd. ValuEngine upgraded shares of Emerge Energy Services from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 31st. Stifel Nicolaus downgraded shares of Emerge Energy Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. B. Riley decreased their price objective on shares of Emerge Energy Services from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, August 2nd. Finally, Seaport Global Securities restated a “buy” rating and set a $11.00 price objective on shares of Emerge Energy Services in a research report on Monday, August 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $6.63.
The company has a market cap of $123.82 million, a price-to-earnings ratio of -24.83 and a beta of 1.99. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 2.81.
Emerge Energy Services (NYSE:EMES) last posted its earnings results on Wednesday, August 1st. The oil and gas company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.08). The company had revenue of $101.84 million for the quarter, compared to analysts’ expectations of $122.78 million. Emerge Energy Services had a net margin of 5.19% and a return on equity of 40.78%. The business’s revenue was up 23.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.11) earnings per share. On average, analysts predict that Emerge Energy Services LP will post 1.06 EPS for the current fiscal year.
In related news, Director Mark A. Gottfredson bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The stock was bought at an average cost of $4.60 per share, with a total value of $46,000.00. Following the completion of the purchase, the director now owns 125,082 shares of the company’s stock, valued at approximately $575,377.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Several large investors have recently modified their holdings of EMES. Allianz Asset Management GmbH purchased a new position in shares of Emerge Energy Services in the 1st quarter worth $1,048,000. GSA Capital Partners LLP grew its stake in shares of Emerge Energy Services by 42.1% in the 2nd quarter. GSA Capital Partners LLP now owns 198,162 shares of the oil and gas company’s stock worth $1,413,000 after buying an additional 58,700 shares in the last quarter. Sanders Morris Harris LLC grew its stake in shares of Emerge Energy Services by 156.1% in the 2nd quarter. Sanders Morris Harris LLC now owns 88,600 shares of the oil and gas company’s stock worth $632,000 after buying an additional 54,000 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of Emerge Energy Services by 88.2% in the 2nd quarter. Private Advisor Group LLC now owns 19,100 shares of the oil and gas company’s stock worth $135,000 after buying an additional 8,950 shares in the last quarter. 12.04% of the stock is owned by institutional investors and hedge funds.
About Emerge Energy Services (NYSE:EMES)
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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