Emerge Energy Services (EMES) Stock Price Down 5.1% After Analyst Downgrade

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Emerge Energy Services LP (NYSE:EMES)’s share price dropped 5.1% during mid-day trading on Thursday after B. Riley lowered their price target on the stock from $9.00 to $5.00. B. Riley currently has a neutral rating on the stock. Emerge Energy Services traded as low as $4.78 and last traded at $4.82. Approximately 540,192 shares changed hands during trading, an increase of 5% from the average daily volume of 512,177 shares. The stock had previously closed at $5.08.

Other equities analysts have also recently issued reports about the company. Goldman Sachs Group cut Emerge Energy Services from a “buy” rating to a “neutral” rating and set a $8.00 target price on the stock. in a report on Monday, May 14th. Stifel Nicolaus cut Emerge Energy Services from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Zacks Investment Research cut Emerge Energy Services from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. Piper Jaffray Companies reiterated a “hold” rating and issued a $7.00 target price on shares of Emerge Energy Services in a report on Tuesday, August 7th. Finally, Seaport Global Securities reiterated a “buy” rating and issued a $11.00 target price on shares of Emerge Energy Services in a report on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Emerge Energy Services has a consensus rating of “Hold” and a consensus target price of $8.29.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Private Advisor Group LLC lifted its stake in 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 acquiring an additional 8,950 shares in the last quarter. Sanders Morris Harris LLC lifted its stake in Emerge Energy Services by 156.1% during the 2nd quarter. Sanders Morris Harris LLC now owns 88,600 shares of the oil and gas company’s stock valued at $632,000 after acquiring an additional 54,000 shares in the last quarter. GSA Capital Partners LLP lifted its stake in 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 acquiring an additional 58,700 shares in the last quarter. Finally, Allianz Asset Management GmbH bought a new position in Emerge Energy Services during the 1st quarter valued at $1,048,000. Institutional investors own 12.04% of the company’s stock.

The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 2.81. The company has a market cap of $161.38 million, a price-to-earnings ratio of -40.67 and a beta of 1.96.

Emerge Energy Services (NYSE:EMES) last issued its quarterly earnings data on Wednesday, August 1st. The oil and gas company reported $0.30 earnings per share 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 the consensus estimate of $122.78 million. During the same quarter last year, the business posted ($0.11) earnings per share. Emerge Energy Services’s revenue was up 23.3% on a year-over-year basis. equities analysts forecast that Emerge Energy Services LP will post 1.25 EPS for the current year.

Emerge Energy Services Company Profile (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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