Emerge Energy Services (EMES) Sees Large Volume Increase

Emerge Energy Services LP (NYSE:EMES) saw an uptick in trading volume on Friday . 3,950,038 shares traded hands during mid-day trading, an increase of 685% from the previous session’s volume of 503,336 shares.The stock last traded at $3.14 and had previously closed at $2.44.

A number of research analysts have commented on the stock. Seaport Global Securities set a $4.00 target price on shares of Emerge Energy Services and gave the company a “buy” rating in a research report on Thursday, October 18th. Zacks Investment Research cut shares of Emerge Energy Services from a “hold” rating to a “strong sell” rating in a research report on Friday, October 12th. Piper Jaffray Companies set a $5.00 target price on shares of Emerge Energy Services and gave the company a “hold” rating in a research report on Tuesday, October 2nd. Wells Fargo & Co assumed coverage on shares of Emerge Energy Services in a research report on Saturday, September 15th. They issued a “hold” rating and a $4.00 target price on the stock. Finally, B. Riley decreased their target price on shares of Emerge Energy Services from $9.00 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, September 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Emerge Energy Services currently has a consensus rating of “Hold” and a consensus price target of $6.63.

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 stock has a market cap of $97.45 million, a P/E ratio of -26.17 and a beta of 2.40.

Emerge Energy Services (NYSE:EMES) last issued its quarterly earnings results on Wednesday, August 1st. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.08). The business had revenue of $101.84 million for the quarter, compared to analyst estimates of $122.78 million. Emerge Energy Services had a return on equity of 40.78% and a net margin of 5.19%. The firm’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.11) EPS. On average, research analysts predict that Emerge Energy Services LP will post 0.79 earnings per share for the current fiscal year.

In other Emerge Energy Services news, Director Mark A. Gottfredson purchased 10,000 shares of Emerge Energy Services stock in a transaction dated Tuesday, September 11th. The shares were acquired at an average price of $4.60 per share, with a total value of $46,000.00. Following the completion of the transaction, the director now owns 125,082 shares of the company’s stock, valued at $575,377.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Institutional investors and hedge funds have recently modified their holdings of the company. Private Advisor Group LLC lifted its position 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 worth $135,000 after purchasing an additional 8,950 shares in the last quarter. Sanders Morris Harris LLC lifted its position in shares of 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 purchasing an additional 54,000 shares in the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of Emerge Energy Services during the first quarter worth about $1,048,000. Finally, GSA Capital Partners LLP lifted its position in shares of Emerge Energy Services by 42.1% during 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 purchasing an additional 58,700 shares in the last quarter. 12.39% of the stock is currently owned by institutional investors and hedge funds.

About Emerge Energy Services (NYSE:EMES)

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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