Analysts Expect Emerge Energy Services LP (EMES) Will Announce Quarterly Sales of $55.65 Million

Wall Street brokerages expect that Emerge Energy Services LP (NYSE:EMES) will post $55.65 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Emerge Energy Services’ earnings. The lowest sales estimate is $42.60 million and the highest is $66.30 million. Emerge Energy Services posted sales of $106.75 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 47.9%. The company is expected to issue its next earnings report on Tuesday, May 7th.

According to Zacks, analysts expect that Emerge Energy Services will report full-year sales of $292.26 million for the current fiscal year, with estimates ranging from $235.40 million to $357.98 million. For the next year, analysts anticipate that the company will post sales of $335.90 million, with estimates ranging from $288.00 million to $413.99 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Emerge Energy Services.

A number of equities analysts have commented on the stock. ValuEngine upgraded shares of Emerge Energy Services from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 2nd. Zacks Investment Research raised shares of Emerge Energy Services from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Emerge Energy Services currently has a consensus rating of “Hold” and a consensus target price of $5.50.

Several institutional investors and hedge funds have recently bought and sold shares of EMES. Smith Salley & Associates bought a new stake in shares of Emerge Energy Services in the fourth quarter valued at about $28,000. Virtu Financial LLC bought a new position in Emerge Energy Services during the 4th quarter worth about $42,000. LPL Financial LLC grew its holdings in Emerge Energy Services by 35.3% during the 4th quarter. LPL Financial LLC now owns 39,293 shares of the oil and gas company’s stock worth $61,000 after acquiring an additional 10,250 shares in the last quarter. Private Advisor Group LLC increased its position in Emerge Energy Services by 122.3% during the 3rd quarter. Private Advisor Group LLC now owns 42,450 shares of the oil and gas company’s stock valued at $169,000 after purchasing an additional 23,350 shares during the period. Finally, HPS Investment Partners LLC purchased a new position in Emerge Energy Services during the 4th quarter valued at about $992,000. 9.31% of the stock is currently owned by institutional investors and hedge funds.

EMES traded down $0.02 on Monday, reaching $1.91. 120,836 shares of the company traded hands, compared to its average volume of 225,500. Emerge Energy Services has a one year low of $1.38 and a one year high of $9.30. The firm has a market capitalization of $59.49 million, a price-to-earnings ratio of -15.92 and a beta of 3.58. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.31 and a quick ratio of 0.76.

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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Earnings History and Estimates for Emerge Energy Services (NYSE:EMES)

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