B. Riley set a $2.00 price objective on Emerge Energy Services (NYSE:EMES) in a research report released on Friday morning, The Fly reports. The brokerage currently has a hold rating on the oil and gas company’s stock.
Other equities analysts also recently issued research reports about the stock. Seaport Global Securities reissued a buy rating and set a $11.00 price objective on shares of Emerge Energy Services in a research note on Monday, August 6th. Piper Jaffray Companies set a $5.00 price objective on shares of Emerge Energy Services and gave the company a hold rating in a research note on Tuesday, October 2nd. Wells Fargo & Co initiated coverage on shares of Emerge Energy Services in a research note on Saturday, September 15th. They set a hold rating and a $4.00 price objective on the stock. Stifel Nicolaus downgraded shares of Emerge Energy Services from a buy rating to a hold rating in a research note on Thursday, August 2nd. Finally, ValuEngine raised shares of Emerge Energy Services from a strong sell rating to a sell rating in a research note on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $6.25.
Shares of EMES traded up $0.14 on Friday, hitting $2.77. 345,833 shares of the stock traded hands, compared to its average volume of 827,657. 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 capitalization of $81.93 million, a price-to-earnings ratio of -23.08 and a beta of 2.40. Emerge Energy Services has a 1 year low of $1.61 and a 1 year high of $10.45.
In related news, Director Mark A. Gottfredson purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The stock was purchased 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 approximately $575,377.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
A number of hedge funds have recently modified their holdings of EMES. Private Advisor Group LLC increased its position 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 purchasing an additional 8,950 shares during the last quarter. Allianz Asset Management GmbH acquired a new position in Emerge Energy Services during the first quarter worth approximately $1,048,000. Finally, GSA Capital Partners LLP increased its position in 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 during the last quarter. 12.39% 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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