Wall Street brokerages expect that Emerge Energy Services (NYSE:EMES) will announce $0.37 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Emerge Energy Services’ earnings. The lowest EPS estimate is $0.30 and the highest is $0.39. Emerge Energy Services posted earnings per share of ($0.11) during the same quarter last year, which suggests a positive year-over-year growth rate of 436.4%. The firm is expected to issue its next quarterly earnings results on Thursday, August 2nd.
On average, analysts expect that Emerge Energy Services will report full year earnings of $1.42 per share for the current financial year, with EPS estimates ranging from $1.02 to $1.84. For the next financial year, analysts forecast that the firm will post earnings of $1.68 per share, with EPS estimates ranging from $0.66 to $2.37. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Emerge Energy Services.
Emerge Energy Services (NYSE:EMES) last released its quarterly earnings results on Tuesday, May 1st. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $106.75 million during the quarter, compared to analysts’ expectations of $102.24 million. Emerge Energy Services had a net margin of 1.53% and a return on equity of 19.61%. Emerge Energy Services’s revenue was up 41.7% on a year-over-year basis. During the same period last year, the firm posted ($0.38) earnings per share.
EMES has been the subject of a number of research reports. Zacks Investment Research cut shares of Emerge Energy Services from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th. Cowen set a $8.00 price objective on shares of Emerge Energy Services and gave the company a “hold” rating in a report on Friday, April 13th. B. Riley lifted their price objective on shares of Emerge Energy Services from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Goldman Sachs Group cut shares of Emerge Energy Services from a “buy” rating to a “neutral” rating and set a $8.00 price objective for the company. in a report on Monday, May 14th. Finally, Stifel Nicolaus dropped their price objective on shares of Emerge Energy Services from $13.00 to $11.00 and set a “buy” rating for the company in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Emerge Energy Services presently has a consensus rating of “Hold” and an average price target of $9.14.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Landscape Capital Management L.L.C. acquired a new position in Emerge Energy Services during the 4th quarter worth approximately $162,000. Credit Capital Investments LLC acquired a new position in Emerge Energy Services during the 4th quarter worth approximately $194,000. Sanders Morris Harris LLC grew its holdings in Emerge Energy Services by 187.3% during the 4th quarter. Sanders Morris Harris LLC now owns 49,600 shares of the oil and gas company’s stock worth $357,000 after acquiring an additional 32,336 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Emerge Energy Services by 66.6% during the 4th quarter. Wells Fargo & Company MN now owns 56,500 shares of the oil and gas company’s stock worth $406,000 after acquiring an additional 22,585 shares in the last quarter. Finally, Virtu Financial LLC grew its holdings in Emerge Energy Services by 411.1% during the 4th quarter. Virtu Financial LLC now owns 87,412 shares of the oil and gas company’s stock worth $628,000 after acquiring an additional 70,310 shares in the last quarter. Institutional investors own 10.21% of the company’s stock.
Shares of Emerge Energy Services traded up $0.18, reaching $7.87, during trading on Friday, MarketBeat.com reports. The company’s stock had a trading volume of 445,835 shares, compared to its average volume of 539,268. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.82 and a current ratio of 2.14. The stock has a market capitalization of $242.16 million, a P/E ratio of -65.67 and a beta of 1.88. Emerge Energy Services has a 1-year low of $5.65 and a 1-year high of $10.81.
Emerge Energy Services Company Profile
Emerge Energy Services LP, through its subsidiary, Superior Silica Sands LLC, operates an energy services company in the United States. It engages in mining, producing, and distributing silica sand, which is a primary input for the hydraulic fracturing of oil and natural gas wells. The company serves oilfield services companies, and exploration and production companies that are engaged in hydraulic fracturing.
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