Emerge Energy Services LP (EMES) Releases Earnings Results, Misses Expectations By $-0.22 EPS

Emerge Energy Services LP (EMES) reported quarterly earnings results on Monday, Aug-8-2016. The company reported $-1.17 earnings per share for the quarter, missing the analyst consensus estimate by $-0.22. Analysts had a consensus of $-0.95. The company posted revenue of $24.80 million in the period, 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 closed down -0.61 points or -6.48% at $8.8 with 6,61,294 shares getting traded on Friday. Post opening the session at $9.54, the shares hit an intraday low of $8.72 and an intraday high of $9.599 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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).

Emerge Energy Services LP

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