Emerge Energy Services LP (NYSE:EMES) posted its quarterly earnings results on Wednesday. The oil and gas company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.15, Briefing.com reports. Emerge Energy Services had a negative return on equity of 170.44% and a negative net margin of 14.29%. The firm had revenue of $103.20 million during the quarter, compared to the consensus estimate of $98.56 million. During the same quarter in the previous year, the business earned ($1.24) earnings per share. The firm’s quarterly revenue was up 229.7% compared to the same quarter last year.
Shares of Emerge Energy Services (EMES) traded up 13.31% during midday trading on Wednesday, hitting $8.09. The stock had a trading volume of 1,044,723 shares. Emerge Energy Services has a 52 week low of $5.65 and a 52 week high of $24.45. The stock’s market cap is $243.91 million. The stock has a 50-day moving average of $7.98 and a 200 day moving average of $8.89.
Several research analysts recently commented on the company. Zacks Investment Research upgraded Emerge Energy Services from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Piper Jaffray Companies began coverage on Emerge Energy Services in a report on Monday, September 25th. They issued a “neutral” rating and a $10.00 price objective for the company. BidaskClub raised Emerge Energy Services from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Cowen and Company reissued a “hold” rating and issued a $12.00 price objective on shares of Emerge Energy Services in a report on Tuesday, July 11th. Finally, Janney Montgomery Scott began coverage on Emerge Energy Services in a report on Wednesday, September 6th. They issued a “neutral” rating and a $8.00 price objective for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.13.
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Emerge Energy Services Company Profile
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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