$98.70 Million in Sales Expected for Emerge Energy Services LP (EMES) This Quarter

Brokerages expect that Emerge Energy Services LP (NYSE:EMES) will report $98.70 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Emerge Energy Services’ earnings, with estimates ranging from $93.30 million to $105.40 million. Emerge Energy Services reported sales of $31.29 million in the same quarter last year, which indicates a positive year-over-year growth rate of 215.4%. The firm is expected to report its next quarterly earnings report on Wednesday, November 1st.

On average, analysts expect that Emerge Energy Services will report full-year sales of $98.70 million for the current fiscal year, with estimates ranging from $352.40 million to $377.40 million. For the next year, analysts anticipate that the business will post sales of $501.52 million per share, with estimates ranging from $452.80 million to $553.90 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Emerge Energy Services.

Emerge Energy Services (NYSE:EMES) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.02). Emerge Energy Services had a negative return on equity of 170.44% and a negative net margin of 14.29%. The company had revenue of $82.60 million during the quarter, compared to the consensus estimate of $97.18 million. During the same quarter last year, the company posted ($1.17) earnings per share. The firm’s revenue for the quarter was up 233.1% compared to the same quarter last year.

A number of brokerages have commented on EMES. Stifel Nicolaus reiterated a “buy” rating and issued a $13.00 target price on shares of Emerge Energy Services in a report on Sunday, September 10th. Janney Montgomery Scott began coverage on shares of Emerge Energy Services in a report on Wednesday, September 6th. They issued a “neutral” rating and a $8.00 target price for the company. Zacks Investment Research upgraded shares of Emerge Energy Services from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. ValuEngine downgraded shares of Emerge Energy Services from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Finally, Cowen and Company reiterated a “hold” rating and issued a $12.00 target price on shares of Emerge Energy Services in a report on Friday, August 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $17.00.

Shares of Emerge Energy Services (EMES) traded up 1.64% on Friday, reaching $8.06. 427,229 shares of the company’s stock traded hands. Emerge Energy Services has a 12-month low of $5.65 and a 12-month high of $24.45. The firm’s market cap is $243.01 million. The stock has a 50-day moving average of $6.56 and a 200 day moving average of $10.31.

Several institutional investors and hedge funds have recently bought and sold shares of EMES. Russell Investments Group Ltd. increased its holdings in shares of Emerge Energy Services by 4.4% during the first quarter. Russell Investments Group Ltd. now owns 66,894 shares of the oil and gas company’s stock valued at $926,000 after acquiring an additional 2,804 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Emerge Energy Services during the first quarter valued at about $537,000. Stifel Financial Corp increased its holdings in shares of Emerge Energy Services by 16.3% during the first quarter. Stifel Financial Corp now owns 15,406 shares of the oil and gas company’s stock valued at $217,000 after acquiring an additional 2,155 shares in the last quarter. Deprince Race & Zollo Inc. increased its holdings in shares of Emerge Energy Services by 4.0% during the first quarter. Deprince Race & Zollo Inc. now owns 10,400 shares of the oil and gas company’s stock valued at $144,000 after acquiring an additional 400 shares in the last quarter. Finally, Chicago Partners Investment Group LLC increased its holdings in shares of Emerge Energy Services by 7.4% during the first quarter. Chicago Partners Investment Group LLC now owns 33,277 shares of the oil and gas company’s stock valued at $461,000 after acquiring an additional 2,300 shares in the last quarter. Hedge funds and other institutional investors own 30.04% of the company’s stock.

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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.

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