Emerge Energy Services LP (NYSE:EMES) shares rose 20.8% during trading on Thursday . The company traded as high as $2.46 and last traded at $2.44. Approximately 841,809 shares were traded during mid-day trading, an increase of 73% from the average daily volume of 487,047 shares. The stock had previously closed at $2.02.
EMES has been the topic of a number of research reports. Zacks Investment Research lowered Emerge Energy Services from a “hold” rating to a “strong sell” rating in a report on Friday, October 12th. B. Riley decreased their price objective on Emerge Energy Services from $9.00 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, September 6th. Stifel Nicolaus lowered Emerge Energy Services from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Wells Fargo & Co assumed coverage on Emerge Energy Services in a report on Saturday, September 15th. They issued a “hold” rating and a $4.00 price objective on the stock. Finally, ValuEngine raised Emerge Energy Services from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 31st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $6.63.
The firm has a market capitalization of $64.86 million, a PE ratio of -20.33 and a beta of 1.98. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.74 and a quick ratio of 1.35.
Emerge Energy Services (NYSE:EMES) last released its earnings results on Wednesday, August 1st. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.08). The company had revenue of $101.84 million for the quarter, compared to analyst estimates of $122.78 million. Emerge Energy Services had a return on equity of 40.78% and a net margin of 5.19%. The business’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period last year, the company posted ($0.11) earnings per share. On average, equities research analysts anticipate that Emerge Energy Services LP will post 0.9 EPS for the current year.
In related news, Director Mark A. Gottfredson bought 10,000 shares of Emerge Energy Services stock in a transaction dated Tuesday, September 11th. The shares were bought at an average cost of $4.60 per share, with a total value of $46,000.00. Following the acquisition, the director now owns 125,082 shares in the company, valued at approximately $575,377.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
A number of large investors have recently added to or reduced their stakes in EMES. Allianz Asset Management GmbH acquired a new stake in Emerge Energy Services in the first quarter valued at about $1,048,000. GSA Capital Partners LLP boosted its stake in Emerge Energy Services by 42.1% in the second quarter. GSA Capital Partners LLP now owns 198,162 shares of the oil and gas company’s stock valued at $1,413,000 after buying an additional 58,700 shares in the last quarter. Sanders Morris Harris LLC boosted its stake in Emerge Energy Services by 156.1% in the second quarter. Sanders Morris Harris LLC now owns 88,600 shares of the oil and gas company’s stock valued at $632,000 after buying an additional 54,000 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in Emerge Energy Services by 122.3% in the third quarter. Private Advisor Group LLC now owns 42,450 shares of the oil and gas company’s stock valued at $169,000 after buying an additional 23,350 shares in the last quarter. 12.39% of the stock is currently 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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