Price Don’t Lie: Could Emerge Energy Services LP See a Reversal After This Very Strong Session?

Price Don't Lie: Could Emerge Energy Services LP See a Reversal After This Very Strong Session?

The stock of Emerge Energy Services LP (NYSE:EMES) is a huge mover today! About 223,245 shares traded hands. Emerge Energy Services LP (NYSE:EMES) has risen 152.72% since March 15, 2016 and is uptrending. It has outperformed by 147.23% the S&P500.
The move comes after 9 months positive chart setup for the $316.10 million company. It was reported on Oct, 18 by Barchart.com. We have $20.47 PT which if reached, will make NYSE:EMES worth $167.53 million more.

Analysts await Emerge Energy Services LP (NYSE:EMES) to report earnings on November, 2. They expect $-0.89 EPS, down 81.63% or $0.40 from last year’s $-0.49 per share. After $-1.17 actual EPS reported by Emerge Energy Services LP for the previous quarter, Wall Street now forecasts -23.93% EPS growth.

Emerge Energy Services LP (NYSE:EMES) Ratings Coverage

Out of 9 analysts covering Emerge Energy Services (NYSE:EMES), 5 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 56% are positive. Emerge Energy Services has been the topic of 21 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, July 24 by Wunderlich. The company was downgraded on Friday, October 23 by Seaport Global Securities. The rating was maintained by Wunderlich on Monday, May 16 with “Hold”. The company was downgraded on Monday, June 13 by DA Davidson. The rating was maintained by Cowen & Co on Friday, August 7 with “Outperform”. The rating was upgraded by Wunderlich on Thursday, September 29 to “Buy”. As per Monday, December 7, the company rating was initiated by DA Davidson. The stock has “Outperform” rating given by Robert W. Baird on Thursday, July 30. Robert W. Baird downgraded it to “Underperform” rating and $7.0 target price in Friday, September 25 report. The firm has “Sell” rating given on Friday, September 25 by Stifel Nicolaus.

According to Zacks Investment Research, “Emerge Energy Services LP is engaged in owning, operation, acquisition and development of energy service assets primarily in the United States. It operates in two business segments: sand and fuel processing and distribution. Emerge Energy Services LP is based in Southlake, Texas.”

Insitutional Activity: The institutional sentiment decreased to 0.48 in Q2 2016. Its down 0.04, from 0.52 in 2016Q1. The ratio is negative, as 12 funds sold all Emerge Energy Services LP shares owned while 15 reduced positions. 8 funds bought stakes while 5 increased positions. They now own 4.34 million shares or 40.04% more from 3.10 million shares in 2016Q1.
Royal State Bank Of Canada has invested 0% of its portfolio in Emerge Energy Services LP (NYSE:EMES). Pinnacle accumulated 0% or 850 shares. Spot Trading Ltd Llc last reported 0% of its portfolio in the stock. Barclays Public Ltd Com has 0% invested in the company for 69,008 shares. Guggenheim Lc has invested 0% of its portfolio in Emerge Energy Services LP (NYSE:EMES). Millennium Management Limited Com, a New York-based fund reported 662,632 shares. Bnp Paribas Arbitrage, a New York-based fund reported 286,091 shares. The New York-based Tower Research Ltd (Trc) has invested 0% in Emerge Energy Services LP (NYSE:EMES). Moreover, Pnc Financial Serv Grp Inc Incorporated has 0% invested in Emerge Energy Services LP (NYSE:EMES) for 5,000 shares. Kcg reported 23,640 shares or 0.01% of all its holdings. Bank & Trust Of Montreal Can reported 542 shares or 0% of all its holdings. Commonwealth Equity Serv Inc has 0% invested in the company for 10,025 shares. California Employees Retirement System holds 0% of its portfolio in Emerge Energy Services LP (NYSE:EMES) for 262,100 shares. Morgan Stanley holds 0% or 347,287 shares in its portfolio. Yorkville Mngmt Limited Com accumulated 297,060 shares or 3.65% of the stock.

More important recent Emerge Energy Services LP (NYSE:EMES) news were published by: Fool.com which released: “Emerge Energy Services LP is Sinking Under the Weight of a Downgrade” on June 13, 2016, also Fool.com published article titled: “Emerge Energy Services Collapses 91% in 2015: 3 Things Investors Should Watch …”, Fool.com published: “Emerge Energy Services LP Bucks Brexit by Rocketing Higher Today” on June 24, 2016. More interesting news about Emerge Energy Services LP (NYSE:EMES) was released by: Nasdaq.com and their article: “Emerge Energy Services LP Announces Divestment of Fuels Business in Deal …” with publication date: September 01, 2016.

EMES Company Profile

Emerge Energy Services LP, incorporated on April 27, 2012, owns, operates, acquires and develops a portfolio of energy service assets. The Company’s divisions include Sand segment, Fuel segment and Corporate. The Company’s Sand segment consists of the production and sale of various grades of industrial sand primarily used in the extraction of oil and natural gas, as well as the production of building products and foundry materials. The Company’s Fuel segment operates approximately two terminals and over two transmix processing facilities that are located in the Dallas-Fort Worth, Texas area and Birmingham, Alabama. The Firm conducts its Sand activities through its subsidiary Superior Silica Sands LLC (SSS) and its Fuel activities through its subsidiaries Direct Fuels LLC (Direct Fuels), Allied Energy Company LLC (AEC) and Emerge Energy Distributors Inc. (Distributor).

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