Price Action Report: Emerge Energy Services LP Can’t Burn Your Short Portfolio. Has Another Weak Session

Price Action Report: Emerge Energy Services LP Can't Burn Your Short Portfolio. Has Another Weak Session

The stock of Emerge Energy Services LP (NYSE:EMES) is a huge mover today! About 1.55M shares traded hands or 316.92% up from the average. Emerge Energy Services LP (NYSE:EMES) has risen 117.73% since April 18, 2016 and is uptrending. It has outperformed by 113.30% the S&P500.
The move comes after 8 months negative chart setup for the $245.98M company. It was reported on Nov, 18 by Barchart.com. We have $9.23 PT which if reached, will make NYSE:EMES worth $24.60 million 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 firm has “Neutral” rating given on Friday, October 23 by Seaport Global Securities. On Friday, June 24 the stock rating was upgraded by Seaport Global Securities to “Buy”. The stock of Emerge Energy Services LP (NYSE:EMES) earned “Underperform” rating by DA Davidson on Monday, June 13. The rating was maintained by Wunderlich with “Hold” on Friday, July 24. The company was upgraded on Thursday, September 29 by Wunderlich. The firm has “Sell” rating by Stifel Nicolaus given on Friday, September 25. The company was initiated on Monday, December 7 by DA Davidson. The company was maintained on Monday, May 16 by Wunderlich. On Friday, August 7 the stock rating was downgraded by Robert W. Baird to “Neutral”. The rating was maintained by Wunderlich on Friday, October 23 with “Hold”.

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 increased to 0.86 in 2016 Q2. Its up 0.38, from 0.48 in 2016Q1. The ratio improved, 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.
Castleark Management holds 0.09% of its portfolio in Emerge Energy Services LP (NYSE:EMES) for 255,425 shares. The New York-based Jpmorgan Chase has invested 0% in Emerge Energy Services LP (NYSE:EMES). Manufacturers Life Ins The, a Ontario – Canada-based fund reported 650 shares. The Illinois-based Guggenheim Cap Ltd Liability Co has invested 0% in Emerge Energy Services LP (NYSE:EMES). Commonwealth Equity Services Incorporated accumulated 0% or 10,025 shares. Moreover, Citigroup has 0% invested in Emerge Energy Services LP (NYSE:EMES) for 131 shares. Wells Fargo And Co Mn holds 18,787 shares or 0% of its portfolio. Stifel Fincl holds 0% of its portfolio in Emerge Energy Services LP (NYSE:EMES) for 13,286 shares. California Public Employees Retirement System has 262,100 shares for 0% of their US portfolio. Royal Bank Of Canada, a Ontario – Canada-based fund reported 13,800 shares. Jane Street Grp Ltd Liability Corp holds 0% or 19,422 shares in its portfolio. Pnc Fincl Svcs Grp has 0% invested in the company for 5,000 shares. Morgan Stanley owns 347,287 shares or 0% of their US portfolio. Goldman Sachs Group Inc has 1.10M shares for 0% of their US portfolio. Gsa Cap Partners Ltd Liability Partnership accumulated 0.04% or 58,425 shares.

More notable recent Emerge Energy Services LP (NYSE:EMES) news were published by: Streetinsider.com which released: “Emerge Energy Services (EMES) Prices 3.4M Units Offering for Proceeds of $34M” on November 18, 2016, also Fool.com with their article: “Emerge Energy Services LP is Sinking Under the Weight of a Downgrade” published on June 13, 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: Fool.com and their article: “Emerge Energy Services Collapses 91% in 2015: 3 Things Investors Should Watch …” published on December 21, 2015 as well as Seekingalpha.com‘s news article titled: “Emerge Energy Services’ (EMES) CEO Rick Shearer on Q2 2016 Results – Earnings …” with publication date: August 08, 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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