Notable Price Action: Could Emerge Energy Services LP Change Direction After Today’s Big Decline?

Notable Price Action: Could Emerge Energy Services LP Change Direction After Today's Big Decline?

The stock of Emerge Energy Services LP (NYSE:EMES) is a huge mover today! The stock decreased 7.19% or $0.8 on November 4, hitting $10.32. About 350,473 shares traded hands. Emerge Energy Services LP (NYSE:EMES) has risen 140.69% since April 4, 2016 and is uptrending. It has outperformed by 139.60% the S&P500.
The move comes after 8 months negative chart setup for the $213.82 million company. It was reported on Nov, 4 by Barchart.com. We have $9.18 PT which if reached, will make NYSE:EMES worth $23.52M less.

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 rating was upgraded by Stifel Nicolaus to “Hold” on Tuesday, November 24. On Friday, October 23 the stock rating was downgraded by Seaport Global Securities to “Neutral”. The rating was maintained by Wunderlich with “Hold” on Friday, June 24. Robert W. Baird upgraded the shares of EMES in a report on Thursday, July 30 to “Outperform” rating. As per Thursday, November 5, the company rating was maintained by Stifel Nicolaus. The firm has “Hold” rating by Wunderlich given on Friday, October 23. As per Thursday, October 1, the company rating was maintained by Wunderlich. Wunderlich maintained Emerge Energy Services LP (NYSE:EMES) rating on Friday, July 24. Wunderlich has “Hold” rating and $22 price target. DA Davidson initiated the shares of EMES in a report on Monday, December 7 with “Buy” rating. The company was initiated on Friday, September 11 by Global Hunter Securities.

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 2016 Q2. Its down 0.04, from 0.52 in 2016Q1. The ratio fall, 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.
Wells Fargo Mn last reported 18,787 shares in the company. Morgan Stanley accumulated 347,287 shares or 0% of the stock. Pinnacle Ltd last reported 850 shares in the company. Moreover, Commonwealth Equity Service has 0% invested in Emerge Energy Services LP (NYSE:EMES) for 10,025 shares. Wfg Advsrs Lp has 1,000 shares for 0% of their US portfolio. Gsa Capital Prtn Llp, a United Kingdom-based fund reported 58,425 shares. Comml Bank Of Montreal Can has invested 0% of its portfolio in Emerge Energy Services LP (NYSE:EMES). Goldman Sachs Grp holds 1.10M shares or 0% of its portfolio. California Public Employees Retirement Systems holds 0% or 262,100 shares in its portfolio. Royal Natl Bank Of Canada has 0% invested in the company for 13,800 shares. Moreover, Millennium Mngmt Ltd Liability Co has 0.02% invested in Emerge Energy Services LP (NYSE:EMES) for 662,632 shares. Pnc Financial Inc reported 5,000 shares or 0% of all its holdings. Jpmorgan Chase And accumulated 337,724 shares or 0% of the stock. Bnp Paribas Arbitrage accumulated 286,091 shares or 0.01% of the stock. Moreover, Us Fincl Bank De has 0% invested in Emerge Energy Services LP (NYSE:EMES) for 250 shares.

More notable 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 Seekingalpha.com with their article: “Emerge Energy Services’ (EMES) CEO Rick Shearer on Q3 2016 Results – Earnings …” published on November 03, 2016, 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) were released by: Nasdaq.com and their article: “Can Emerge Energy Services (EMES) Surprise Q3 Earnings?” published on October 28, 2016 as well as Streetinsider.com‘s news article titled: “Form 8-K Emerge Energy Services For: Nov 02” with publication date: November 03, 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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