Wall Street analysts expect that Emerge Energy Services LP (NYSE:EMES) will post sales of $111.44 million for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Emerge Energy Services’ earnings, with the highest sales estimate coming in at $119.10 million and the lowest estimate coming in at $104.60 million. Emerge Energy Services posted sales of $42.62 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 161.5%. The company is expected to issue its next earnings report on Monday, February 26th.
According to Zacks, analysts expect that Emerge Energy Services will report full-year sales of $111.44 million for the current fiscal year, with estimates ranging from $364.30 million to $380.30 million. For the next year, analysts anticipate that the business will post sales of $536.82 million per share, with estimates ranging from $514.70 million to $564.62 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Emerge Energy Services.
A number of brokerages recently commented on EMES. B. Riley began coverage on Emerge Energy Services in a research report on Wednesday, December 6th. They issued a “neutral” rating and a $9.00 target price on the stock. BidaskClub upgraded Emerge Energy Services from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Zacks Investment Research upgraded Emerge Energy Services from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Piper Jaffray Companies reiterated a “hold” rating and issued a $10.00 target price on shares of Emerge Energy Services in a research report on Friday, November 3rd. Finally, Cowen set a $12.00 target price on Emerge Energy Services and gave the company a “hold” rating in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $15.33.
In related news, Director Mark A. Gottfredson purchased 68,850 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was bought at an average cost of $8.66 per share, with a total value of $596,241.00. Following the completion of the acquisition, the director now owns 65,840 shares of the company’s stock, valued at approximately $570,174.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
A number of large investors have recently made changes to their positions in EMES. SG Capital Management LLC acquired a new position in shares of Emerge Energy Services during the 3rd quarter worth approximately $1,244,000. Tocqueville Asset Management L.P. acquired a new position in shares of Emerge Energy Services during the 2nd quarter worth approximately $1,230,000. Penn Capital Management Co. Inc. raised its stake in shares of 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 worth $1,794,000 after buying an additional 87,360 shares during the period. Virtu KCG Holdings LLC raised its stake in shares of 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 worth $339,000 after buying an additional 25,741 shares during the period. Finally, B. Riley Financial Inc. acquired a new position in shares of Emerge Energy Services during the 3rd quarter worth approximately $190,000. 23.46% of the stock is owned by 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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