Seaport Global Securities Reiterates $4.00 Price Target for Emerge Energy Services (EMES)

Seaport Global Securities set a $4.00 price target on Emerge Energy Services (NYSE:EMES) in a report published on Thursday morning. The firm currently has a buy rating on the oil and gas company’s stock. Seaport Global Securities also issued estimates for Emerge Energy Services’ Q1 2020 earnings at $0.05 EPS and FY2020 earnings at $0.70 EPS.

Several other equities analysts also recently commented on the company. Zacks Investment Research downgraded Emerge Energy Services from a hold rating to a strong sell rating in a report on Friday, October 12th. Piper Jaffray Companies set a $5.00 price target on Emerge Energy Services and gave the company a hold rating in a report on Tuesday, October 2nd. Wells Fargo & Co assumed coverage on Emerge Energy Services in a report on Saturday, September 15th. They set a hold rating and a $4.00 price target on the stock. B. Riley lowered their price target on Emerge Energy Services from $9.00 to $5.00 and set a neutral rating on the stock in a report on Thursday, September 6th. Finally, Stifel Nicolaus downgraded Emerge Energy Services from a buy rating to a hold rating in a report on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $6.63.

Shares of EMES stock opened at $2.90 on Thursday. Emerge Energy Services has a 12 month low of $2.88 and a 12 month high of $10.45. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.35 and a current ratio of 1.74. The company has a market cap of $90.00 million, a price-to-earnings ratio of 4.08 and a beta of 1.98.

Emerge Energy Services (NYSE:EMES) last announced its quarterly earnings results on Wednesday, August 1st. The oil and gas company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.08). Emerge Energy Services had a net margin of 5.19% and a return on equity of 40.78%. The company had revenue of $101.84 million for the quarter, compared to analyst estimates of $122.78 million. During the same quarter last year, the business earned ($0.11) EPS. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. On average, sell-side analysts anticipate that Emerge Energy Services will post 0.9 earnings per share for the current fiscal year.

In related news, Director Mark A. Gottfredson acquired 10,000 shares of the stock in a transaction dated Tuesday, September 11th. The shares were acquired at an average price of $4.60 per share, for a total transaction of $46,000.00. Following the completion of the purchase, the director now owns 125,082 shares in the company, valued at approximately $575,377.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Several institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP grew its stake 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 worth $1,413,000 after acquiring an additional 58,700 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in Emerge Energy Services during the first quarter worth $1,048,000. Sanders Morris Harris LLC boosted its stake in Emerge Energy Services by 156.1% during the second quarter. Sanders Morris Harris LLC now owns 88,600 shares of the oil and gas company’s stock worth $632,000 after buying an additional 54,000 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in 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 worth $135,000 after buying an additional 8,950 shares in the last quarter. Institutional investors and hedge funds own 11.77% of the company’s stock.

About Emerge Energy Services

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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