Emerge Energy Services LP (NYSE:EMES)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $6.49 and last traded at $6.43, with a volume of 530,792 shares. The stock had previously closed at $7.03.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Emerge Energy Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Cowen and Company reaffirmed a “hold” rating and set a $12.00 price target on shares of Emerge Energy Services in a research report on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) upped their price target on Emerge Energy Services from $28.50 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, April 25th. ValuEngine downgraded Emerge Energy Services from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Emerge Energy Services in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $19.00.
The company’s market cap is $186.63 million. The firm’s 50 day moving average price is $7.38 and its 200 day moving average price is $12.12.
Emerge Energy Services (NYSE:EMES) last announced its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. Emerge Energy Services had a negative return on equity of 170.44% and a negative net margin of 14.29%. The company had revenue of $82.60 million for the quarter, compared to analyst estimates of $97.18 million. During the same quarter in the prior year, the business earned ($1.17) earnings per share. Emerge Energy Services’s revenue was up 233.1% compared to the same quarter last year. On average, equities research analysts predict that Emerge Energy Services LP will post ($0.43) EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in EMES. ING Groep NV bought a new stake in shares of Emerge Energy Services during the second quarter valued at approximately $1,802,000. Bank of America Corp DE raised its stake in shares of Emerge Energy Services by 16.8% in the first quarter. Bank of America Corp DE now owns 1,172,926 shares of the oil and gas company’s stock valued at $16,245,000 after buying an additional 168,346 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Emerge Energy Services by 41.2% in the second quarter. Bank of Montreal Can now owns 534,400 shares of the oil and gas company’s stock valued at $4,815,000 after buying an additional 155,900 shares in the last quarter. Tocqueville Asset Management L.P. bought a new stake in shares of Emerge Energy Services during the second quarter valued at approximately $1,230,000. Finally, Credit Suisse AG raised its stake in shares of Emerge Energy Services by 32.4% in the first quarter. Credit Suisse AG now owns 531,884 shares of the oil and gas company’s stock valued at $7,366,000 after buying an additional 130,034 shares in the last quarter. Hedge funds and other institutional investors own 42.23% of the company’s stock.
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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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