Emerge Energy Services (EMES) Trading 8.2% Higher

Emerge Energy Services LP (NYSE:EMES) traded up 8.2% during trading on Thursday . The stock traded as high as $10.04 and last traded at $9.80. 1,319,300 shares changed hands during trading, an increase of 13% from the average session volume of 1,167,157 shares. The stock had previously closed at $9.06.

Several equities research analysts have recently commented on the company. BidaskClub upgraded Emerge Energy Services from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Cowen set a $12.00 price target on Emerge Energy Services and gave the stock a “hold” rating in a research note on Wednesday, October 18th. 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 assumed coverage on Emerge Energy Services in a research note on Monday, September 25th. They set a “neutral” rating and a $10.00 price target for the company. Finally, B. Riley assumed coverage on Emerge Energy Services in a research note on Wednesday, December 6th. They set a “neutral” rating and a $9.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $15.22.

The company has a debt-to-equity ratio of 3.64, a quick ratio of 1.04 and a current ratio of 1.48.

In other Emerge Energy Services news, Director Mark A. Gottfredson acquired 68,850 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was purchased at an average price of $8.66 per share, for a total transaction of $596,241.00. Following the completion of the transaction, the director now owns 65,840 shares of the company’s stock, valued at approximately $570,174.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

A number of large investors have recently added to or reduced their stakes in EMES. SG Capital Management LLC purchased a new position in Emerge Energy Services in the third quarter worth $1,244,000. Tocqueville Asset Management L.P. raised its position in Emerge Energy Services by 89.3% in the third quarter. Tocqueville Asset Management L.P. now owns 258,335 shares of the oil and gas company’s stock worth $2,129,000 after acquiring an additional 121,835 shares in the last quarter. Penn Capital Management Co. Inc. raised its position in Emerge Energy Services by 78.2% in the second quarter. Penn Capital Management Co. Inc. now owns 199,144 shares of the oil and gas company’s stock worth $1,794,000 after acquiring an additional 87,360 shares in the last quarter. Virtu KCG Holdings LLC raised its position in Emerge Energy Services by 216.4% in the second quarter. Virtu KCG Holdings LLC now owns 37,637 shares of the oil and gas company’s stock worth $339,000 after acquiring an additional 25,741 shares in the last quarter. Finally, B. Riley Financial Inc. purchased a new position in Emerge Energy Services in the third quarter worth $190,000. Hedge funds and other institutional investors own 23.32% 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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