Emerge Energy Services (EMES) Price Target Cut to $5.00

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Emerge Energy Services (NYSE:EMES) had its price target dropped by equities research analysts at B. Riley from $9.00 to $5.00 in a research note issued on Thursday. The firm presently has a “neutral” rating on the oil and gas company’s stock. B. Riley’s target price suggests a potential upside of 10.13% from the company’s current price.

Other equities analysts have also issued reports about the company. Goldman Sachs Group lowered Emerge Energy Services from a “buy” rating to a “neutral” rating and set a $8.00 price objective for the company. in a report on Monday, May 14th. Stifel Nicolaus lowered Emerge Energy Services from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Zacks Investment Research lowered Emerge Energy Services from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. Piper Jaffray Companies reissued a “hold” rating and issued a $7.00 price objective on shares of Emerge Energy Services in a report on Tuesday, August 7th. Finally, Seaport Global Securities reissued a “buy” rating and issued a $11.00 price objective 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 given a hold rating and one has given a buy rating to the company’s stock. Emerge Energy Services currently has an average rating of “Hold” and an average target price of $8.29.

NYSE:EMES opened at $4.54 on Thursday. The company has a market cap of $149.58 million, a PE ratio of 6.79 and a beta of 1.96. Emerge Energy Services has a 52 week low of $4.46 and a 52 week high of $10.45. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.74 and a quick ratio of 1.35.

Emerge Energy Services (NYSE:EMES) last posted its earnings results on Wednesday, August 1st. The oil and gas company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.08). The company 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 firm’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period last year, the company posted ($0.11) earnings per share. equities research analysts anticipate that Emerge Energy Services will post 1.25 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Private Advisor Group LLC boosted 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 purchasing an additional 8,950 shares in the last quarter. Sanders Morris Harris LLC boosted 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 purchasing an additional 54,000 shares in the last quarter. GSA Capital Partners LLP boosted 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 purchasing 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. 12.04% of the stock is owned by hedge funds and other institutional investors.

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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