Emerge Energy Services LP (EMES) reported quarterly earnings results on Tuesday, May-10-2016. The company reported $-1.43 earnings per share for the quarter, missing the analyst consensus estimate by $-0.87. Analysts had a consensus of $-0.56. The company posted revenue of $29.70 million in the period, compared to analysts expectations of $121.82 million. The company’s revenue was down -69.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.
Many Wall Street Analysts have commented on Emerge Energy Services LP. Shares were Downgraded by Cowen on Feb 29, 2016 to ” Market Perform” and Lowered the Price Target to $ 3.70 from a previous price target of $14 .
Emerge Energy Services LP (EMES) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $3.8 and reached the intraday high at $4.17. The bulls started the profit booking and pushed the shares to intraday low of $3.77. The trading session was marked by a volume range of 3,39,024 shares exchanging hands. The 52-week high of the shares is $41.3 and the 52-week low is $1.97. The market cap of the company stands at $92 M and there are 2,41,21,222 shares in public circulation.
In a different news, on Sep 2, 2015, Mark A. Gottfredson (director) purchased 10,000 shares at $17.90 per share price. According to the SEC, on Aug 27, 2015, Richard J Shearer (CEO) purchased 13,500 shares at $13.07 per share price. On Mar 16, 2015, Richard L Deshazo (CHIEF ACCOUNTING OFFICER) purchased 200 shares at $46.07 per share price, according to the Form-4 filing with the securities and exchange commission.
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).