Emerge Energy Services (EMES) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Emerge Energy Services (NYSE:EMES) from a sell rating to a hold rating in a research report report published on Friday, March 9th.

According to Zacks, “Emerge Energy Services LP is engaged in owning, operation, acquisition and development of energy service assets primarily in the United States. It operates in two business segments: sand and fuel processing and distribution. Emerge Energy Services LP is based in Southlake, Texas. “

Other equities research analysts also recently issued research reports about the stock. Stifel Nicolaus lowered their price objective on shares of Emerge Energy Services from $13.00 to $11.00 and set a buy rating for the company in a research report on Tuesday, February 27th. BidaskClub raised shares of Emerge Energy Services from a sell rating to a hold rating in a research report on Thursday, November 9th. ValuEngine downgraded shares of Emerge Energy Services from a hold rating to a sell rating in a research report on Friday, February 2nd. B. Riley boosted their price objective on shares of Emerge Energy Services from $9.00 to $10.00 and gave the company a neutral rating in a research report on Wednesday, February 28th. Finally, Piper Jaffray reaffirmed a hold rating and set a $8.75 price objective on shares of Emerge Energy Services in a research report on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Emerge Energy Services has a consensus rating of Hold and an average price target of $13.25.

Shares of EMES traded down $0.19 during midday trading on Friday, hitting $5.96. The company had a trading volume of 257,959 shares, compared to its average volume of 612,017. The company has a market capitalization of $190.69, a P/E ratio of -49.67 and a beta of 1.90. Emerge Energy Services has a 52 week low of $5.65 and a 52 week high of $15.05. The company has a debt-to-equity ratio of 3.59, a quick ratio of 1.42 and a current ratio of 2.00.

Emerge Energy Services (NYSE:EMES) last released its earnings results on Monday, February 26th. The oil and gas company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.13). Emerge Energy Services had a negative return on equity of 8.54% and a negative net margin of 1.88%. The company had revenue of $103.14 million during the quarter, compared to the consensus estimate of $114.36 million. During the same period in the previous year, the firm posted ($0.80) EPS. Emerge Energy Services’s revenue for the quarter was up 142.0% on a year-over-year basis. sell-side analysts expect that Emerge Energy Services will post 1.38 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its stake in Emerge Energy Services by 6.6% during the 2nd quarter. Royal Bank of Canada now owns 25,187 shares of the oil and gas company’s stock valued at $227,000 after purchasing an additional 1,550 shares during the period. Russell Investments Group Ltd. boosted its stake in Emerge Energy Services by 22.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 72,736 shares of the oil and gas company’s stock valued at $599,000 after purchasing an additional 13,475 shares during the period. Wells Fargo & Company MN boosted its stake in Emerge Energy Services by 103.9% during the 2nd quarter. Wells Fargo & Company MN now owns 32,144 shares of the oil and gas company’s stock valued at $290,000 after purchasing an additional 16,379 shares during the period. Chicago Partners Investment Group LLC boosted its stake in Emerge Energy Services by 106.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 42,380 shares of the oil and gas company’s stock valued at $349,000 after purchasing an additional 21,875 shares during the period. Finally, Landscape Capital Management L.L.C. acquired a new position in Emerge Energy Services during the 4th quarter valued at about $162,000. 18.16% of the stock is owned by hedge funds and other institutional investors.

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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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