Yorkville Capital Management buys $3,404,308 stake in Emerge Energy Services LP (EMES)

Emerge Energy Services LP (EMES) : Yorkville Capital Management scooped up 275,130 additional shares in Emerge Energy Services LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 297,060 shares of Emerge Energy Services LP which is valued at $3,404,308.Emerge Energy Services LP makes up approximately 3.64% of Yorkville Capital Management’s portfolio.

Other Hedge Funds, Including , Millennium Management sold out all of its stake in EMES during the most recent quarter. The investment firm sold 157,500 shares of EMES which is valued $1,804,950.California Public Employees Retirement System reduced its stake in EMES by selling 8,200 shares or 3.03% in the most recent quarter. The Hedge Fund company now holds 262,100 shares of EMES which is valued at $2,332,690.Simplex Trading boosted its stake in EMES in the latest quarter, The investment management firm added 341 additional shares and now holds a total of 443 shares of Emerge Energy Services LP which is valued at $4,457.

Emerge Energy Services LP opened for trading at $10.82 and hit $11.4999 on the upside on Thursday, eventually ending the session at $11.42, with a gain of 2.98% or 0.33 points. The heightened volatility saw the trading volume jump to 2,30,011 shares. Company has a market cap of $275 M.

On the company’s financial health, Emerge Energy Services LP reported $-1.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.22 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $-0.95. The company had revenue of $24.80 million for the quarter, compared to analysts expectations of $25.83 million. The company’s revenue was down -63.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.12 EPS.

Many Wall Street Analysts have commented on Emerge Energy Services LP. Seaport Global Securities Upgraded Emerge Energy Services LP on Jun 24, 2016 to ” Buy”, Price Target of the shares are set at $14.Company shares were Reiterated by Wunderlich on Jun 24, 2016 to “Hold”, Firm has raised the Price Target to $ 12 from a previous price target of $9 .Company shares were Reiterated by Wunderlich on Jun 14, 2016 to “Hold”, Firm has raised the Price Target to $ 9 from a previous price target of $4 .

Emerge Energy Services LP (Emerge) owns operates acquires and develops a diversified portfolio of energy service assets. The Company operates in segments: Sand segment and Fuel segment. Through its Sand segment the Company is engaged in the businesses of mining processing and distributing silica sand a key input for the hydraulic fracturing of oil and natural gas wells. Its Fuel segment processes transmix distributes refined motor fuels and renewable fuels operates bulk motor fuel storage terminals and provides complementary services. The Company We conducts its Sand operations through its subsidiary Superior Silica Sands LLC (SSS) and its Fuel operations through its subsidiaries Direct Fuels LLC (Direct Fuels) Allied Energy Company LLC (AEC) and Emerge Energy Distributors Inc. (Distributor).

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