Emerge Energy Services LP (EMES) Expected to Post Quarterly Sales of $55.65 Million

Analysts predict that Emerge Energy Services LP (NYSE:EMES) will report sales of $55.65 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Emerge Energy Services’ earnings, with the lowest sales estimate coming in at $42.60 million and the highest estimate coming in at $66.30 million. Emerge Energy Services reported sales of $106.75 million in the same quarter last year, which indicates a negative year over year growth rate of 47.9%. The company is expected to announce its next quarterly earnings report on Tuesday, May 7th.

On average, analysts expect that Emerge Energy Services will report full-year sales of $292.26 million for the current year, with estimates ranging from $235.40 million to $357.98 million. For the next financial year, analysts expect that the firm will report sales of $335.90 million, with estimates ranging from $288.00 million to $413.99 million. Zacks’ sales calculations are an average based on a survey of analysts that cover Emerge Energy Services.

A number of research analysts recently issued reports on EMES shares. ValuEngine upgraded Emerge Energy Services from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Zacks Investment Research upgraded Emerge Energy Services from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $5.14.

Large investors have recently bought and sold shares of the stock. HPS Investment Partners LLC purchased a new position in Emerge Energy Services during the 4th quarter valued at about $992,000. LPL Financial LLC grew its stake 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 valued at $61,000 after acquiring an additional 10,250 shares in the last quarter. Smith Salley & Associates purchased a new position in Emerge Energy Services during the 4th quarter valued at about $28,000. Finally, Virtu Financial LLC purchased a new position in Emerge Energy Services during the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 9.31% of the company’s stock.

NYSE:EMES opened at $0.38 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 1.31 and a debt-to-equity ratio of 2.89. The stock has a market cap of $52.77 million, a P/E ratio of -3.17 and a beta of 3.57. Emerge Energy Services has a 52-week low of $0.37 and a 52-week high of $9.30.

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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