Emerge Energy Services LP (EMES) : Traders are bullish on Emerge Energy Services LP (EMES) as it has outperformed the S&P 500 by a wide margin of 2.1% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 30.16%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 30.23% in the last 1 week, and is up 3.15% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 18.76% and the 50-Day Moving Average is 14.6%. Emerge Energy Services LP (NYSE:EMES): stock turned positive on Friday. Though the stock opened at $10.92, the bulls momentum made the stock top out at $11.6 level for the day. The stock recorded a low of $10.7497 and closed the trading day at $11.46, in the green by 5.52%. The total traded volume for the day was 581,235. The stock had closed at $10.86 in the previous days trading.
Institutional Investors own 14.45% of Emerge Energy Services LP shares. Also, Wunderlich maintains its rating on Emerge Energy Services LP (NYSE:EMES). The global brokerage major raises the current price target from $9 per share to $12 per share. Analysts at the Wunderlich have a current rating of Hold on the shares. The rating by the firm was issued on June 24, 2016.
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).