Shares of Emerge Energy Services LP (NYSE:EMES) have earned a consensus recommendation of “Hold” from the nine analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $5.14.
A number of research analysts have weighed in on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $5.00 target price on shares of Emerge Energy Services in a research note on Wednesday, November 21st. Piper Jaffray Companies reissued a “hold” rating and issued a $7.00 target price on shares of Emerge Energy Services in a research note on Tuesday, August 7th. B. Riley set a $2.00 target price on shares of Emerge Energy Services and gave the stock a “hold” rating in a research note on Friday, November 9th. Seaport Global Securities set a $4.00 target price on shares of Emerge Energy Services and gave the stock a “buy” rating in a research note on Thursday, October 18th. Finally, Zacks Investment Research lowered shares of Emerge Energy Services from a “hold” rating to a “strong sell” rating in a research note on Friday, October 12th.
EMES stock traded down $0.03 during trading on Friday, hitting $2.75. The stock had a trading volume of 4,200 shares, compared to its average volume of 450,434. The company has a current ratio of 1.31, a quick ratio of 0.76 and a debt-to-equity ratio of 2.89. Emerge Energy Services has a twelve month low of $1.61 and a twelve month high of $10.45. The stock has a market cap of $86.28 million, a price-to-earnings ratio of -23.00 and a beta of 2.45.
In other news, Director Mark A. Gottfredson purchased 10,000 shares of Emerge Energy Services stock in a transaction dated Tuesday, September 11th. The shares were purchased at an average price of $4.60 per share, with a total value of $46,000.00. Following the transaction, the director now owns 125,082 shares in the company, valued at $575,377.20. The purchase was disclosed in a document filed with the SEC, which is available through this link.
Several hedge funds have recently added to or reduced their stakes in EMES. Private Advisor Group LLC raised its position in shares of Emerge Energy Services by 88.2% during the 2nd quarter. Private Advisor Group LLC now owns 19,100 shares of the oil and gas company’s stock valued at $135,000 after buying an additional 8,950 shares during the period. Allianz Asset Management GmbH purchased a new stake in shares of Emerge Energy Services during the 1st quarter valued at approximately $1,048,000. Finally, GSA Capital Partners LLP raised its position in shares of Emerge Energy Services by 42.1% during the 2nd 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 during the period. 10.27% of the stock is currently owned by hedge funds and other institutional investors.
Emerge Energy Services Company Profile
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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