Emerge Energy Services LP (NYSE:EMES) traded up 0% on Thursday . The stock traded as high as $8.41 and last traded at $8.21. 1,471,406 shares changed hands during mid-day trading, an increase of 29% from the average session volume of 1,137,758 shares. The stock had previously closed at $8.21.
Several equities research analysts have recently weighed in on the stock. ValuEngine downgraded shares of Emerge Energy Services from a “sell” rating to a “strong sell” rating in a research report on Sunday. BidaskClub raised shares of Emerge Energy Services from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Piper Jaffray Companies reissued a “hold” rating and issued a $8.75 target price on shares of Emerge Energy Services in a research report on Tuesday, December 26th. Janney Montgomery Scott assumed coverage on shares of Emerge Energy Services in a research report on Wednesday, September 6th. They issued a “neutral” rating and a $8.00 target price for the company. Finally, Zacks Investment Research raised shares of Emerge Energy Services from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $15.22.
The company has a debt-to-equity ratio of 3.64, a quick ratio of 1.04 and a current ratio of 1.48. The stock has a market cap of $247.55, a price-to-earnings ratio of -7.60 and a beta of 1.58.
In other Emerge Energy Services news, Director Mark A. Gottfredson purchased 68,850 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was acquired at an average cost of $8.66 per share, with a total value of $596,241.00. Following the acquisition, the director now owns 65,840 shares of the company’s stock, valued at approximately $570,174.40. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
A number of institutional investors have recently bought and sold shares of EMES. SG Capital Management LLC acquired a new position in Emerge Energy Services during the 3rd quarter valued at about $1,244,000. Tocqueville Asset Management L.P. boosted its stake in Emerge Energy Services by 89.3% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 258,335 shares of the oil and gas company’s stock valued at $2,129,000 after purchasing an additional 121,835 shares during the period. Penn Capital Management Co. Inc. boosted its stake in Emerge Energy Services by 78.2% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 199,144 shares of the oil and gas company’s stock valued at $1,794,000 after purchasing an additional 87,360 shares during the period. Virtu KCG Holdings LLC boosted its stake in Emerge Energy Services by 216.4% during the 2nd quarter. Virtu KCG Holdings LLC now owns 37,637 shares of the oil and gas company’s stock valued at $339,000 after purchasing an additional 25,741 shares during the period. Finally, B. Riley Financial Inc. acquired a new position in Emerge Energy Services during the 3rd quarter valued at about $190,000. 23.32% of the stock is owned by hedge funds and other institutional investors.
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About Emerge Energy Services
Emerge Energy Services LP owns, operates, acquires and develops a portfolio of energy service assets. The Company operates through Sand segment. The Company conducts its Sand operations through its subsidiary, Superior Silica Sands LLC (SSS). The Company’s Sand business mines, processes and distributes silica sand, an input for the hydraulic fracturing of oil and gas wells.
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