Emerge Energy Services LP (EMES) was Upgraded by Wunderlich to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 15 from a previous price target of $12 . Earlier the firm had a rating of “Hold ” on the company shares. Wunderlich advised their investors in a research report released on Sep 29, 2016.
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.
Emerge Energy Services LP closed down -0.96 points or -7.99% at $11.05 with 4,34,389 shares getting traded on Tuesday. Post opening the session at $11.84, the shares hit an intraday low of $10.92 and an intraday high of $11.9928 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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).