Emerge Energy Services LP (NYSE:EMES) Position Raised by Credit Suisse AG

Credit Suisse AG increased its position in shares of Emerge Energy Services LP (NYSE:EMES) by 32.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 531,884 shares of the oil and gas company’s stock after buying an additional 130,034 shares during the period. Credit Suisse AG owned about 1.77% of Emerge Energy Services worth $7,366,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new stake in shares of Emerge Energy Services during the fourth quarter worth $764,000. Parkwood LLC bought a new stake in shares of Emerge Energy Services during the first quarter worth $667,000. Symphony Asset Management LLC bought a new stake in shares of Emerge Energy Services during the first quarter worth $540,000. Ameriprise Financial Inc. bought a new stake in shares of Emerge Energy Services during the first quarter worth $537,000. Finally, Kayne Anderson Capital Advisors LP boosted its stake in shares of Emerge Energy Services by 39.4% in the first quarter. Kayne Anderson Capital Advisors LP now owns 110,000 shares of the oil and gas company’s stock worth $1,520,000 after buying an additional 31,116 shares in the last quarter. Institutional investors and hedge funds own 41.80% of the company’s stock.

Emerge Energy Services LP (NYSE EMES) opened at 8.72 on Tuesday. The firm’s market capitalization is $262.22 million. The company’s 50-day moving average price is $10.56 and its 200-day moving average price is $13.67. Emerge Energy Services LP has a 12-month low of $7.72 and a 12-month high of $24.45.

Emerge Energy Services (NYSE:EMES) last released its earnings results on Wednesday, May 3rd. The oil and gas company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.34) by $0.04. Emerge Energy Services had a negative net margin of 28.69% and a negative return on equity of 267.51%. The company had revenue of $75.30 million during the quarter, compared to analyst estimates of $71.75 million. During the same period in the previous year, the company posted ($1.43) EPS. The company’s quarterly revenue was up 153.5% compared to the same quarter last year. Equities analysts expect that Emerge Energy Services LP will post ($0.12) EPS for the current fiscal year.

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A number of equities research analysts recently weighed in on EMES shares. Stifel Nicolaus cut their price objective on shares of Emerge Energy Services from $17.00 to $14.00 and set a “hold” rating on the stock in a research note on Thursday, March 30th. Goldman Sachs Group, Inc. (The) lifted their target price on Emerge Energy Services from $25.59 to $28.50 and gave the stock a “buy” rating in a report on Monday, April 17th. Zacks Investment Research lowered Emerge Energy Services from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Evercore ISI started coverage on Emerge Energy Services in a report on Thursday, May 25th. They set an “in-line” rating and a $15.00 target price on the stock. Finally, ValuEngine lowered Emerge Energy Services from a “hold” rating to a “sell” rating in a report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Emerge Energy Services presently has an average rating of “Hold” and a consensus target price of $19.00.

Emerge Energy Services Company Profile

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.

Institutional Ownership by Quarter for Emerge Energy Services (NYSE:EMES)

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