Emerge Energy Services (NYSE:EMES) Given New $9.00 Price Target at B. Riley

Emerge Energy Services (NYSE:EMES) had its target price cut by B. Riley from $10.00 to $9.00 in a research report issued to clients and investors on Thursday, August 2nd. The firm currently has a “neutral” rating on the oil and gas company’s stock. B. Riley’s target price would indicate a potential upside of 45.16% from the company’s previous close.

Other analysts also recently issued research reports about the company. ValuEngine upgraded Emerge Energy Services from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 31st. Goldman Sachs Group downgraded Emerge Energy Services from a “buy” rating to a “neutral” rating and set a $8.00 price target on the stock. in a research note on Monday, May 14th. Cowen set a $8.00 price target on Emerge Energy Services and gave the company a “hold” rating in a research note on Friday, April 13th. Stifel Nicolaus downgraded Emerge Energy Services from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, Zacks Investment Research downgraded Emerge Energy Services from a “buy” rating to a “hold” rating in a research note on Wednesday, July 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $8.75.

Emerge Energy Services traded up $0.23, reaching $6.20, on Thursday, according to MarketBeat.com. 336,397 shares of the stock traded hands, compared to its average volume of 679,186. The company has a quick ratio of 1.82, a current ratio of 1.74 and a debt-to-equity ratio of 2.81. The firm has a market cap of $185.27 million, a PE ratio of -51.67 and a beta of 1.93. Emerge Energy Services has a 12 month low of $5.65 and a 12 month high of $10.45.

Emerge Energy Services (NYSE:EMES) last issued its earnings results on Wednesday, August 1st. The oil and gas company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.08). The firm had revenue of $101.84 million for the quarter, compared to the consensus estimate of $122.78 million. Emerge Energy Services had a net margin of 5.19% and a return on equity of 40.78%. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same period last year, the firm earned ($0.11) earnings per share. research analysts expect that Emerge Energy Services will post 1.25 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Private Advisor Group LLC raised its holdings in shares of Emerge Energy Services by 88.2% during the second quarter. Private Advisor Group LLC now owns 19,100 shares of the oil and gas company’s stock valued at $135,000 after acquiring an additional 8,950 shares during the last quarter. GSA Capital Partners LLP increased its holdings in shares of 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 purchasing an additional 58,700 shares during the last quarter. Sanders Morris Harris LLC increased its holdings in shares of 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 purchasing an additional 54,000 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of Emerge Energy Services in the first quarter valued at approximately $1,048,000. Finally, Deutsche Bank AG acquired a new stake in shares of Emerge Energy Services in the fourth quarter valued at approximately $1,134,000. Hedge funds and other institutional investors own 9.64% of the company’s stock.

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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