Price Action Don’t Lie: What’s Next for Emerge Energy Services LP After Today’s Big Increase?

Price Action Don't Lie: What's Next for Emerge Energy Services LP After Today's Big Increase?

The stock of Emerge Energy Services LP (NYSE:EMES) is a huge mover today! The stock increased 5.16% or $0.56 on November 23, hitting $11.42. About 661,250 shares traded hands or 45.41% up from the average. Emerge Energy Services LP (NYSE:EMES) has risen 109.93% since April 22, 2016 and is uptrending. It has outperformed by 104.52% the S&P500.
The move comes after 9 months positive chart setup for the $273.04 million company. It was reported on Nov, 24 by Barchart.com. We have $12.33 PT which if reached, will make NYSE:EMES worth $21.84M more.

Analysts await Emerge Energy Services LP (NYSE:EMES) to report earnings on February, 23. They expect $-0.75 earnings per share, down 102.70% or $0.38 from last year’s $-0.37 per share. After $-1.24 actual earnings per share reported by Emerge Energy Services LP for the previous quarter, Wall Street now forecasts -39.52% 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 rating was upgraded by Seaport Global Securities on Friday, June 24 to “Buy”. The rating was upgraded by Robert W. Baird to “Outperform” on Thursday, July 30. The firm has “Buy” rating by Wunderlich given on Thursday, September 29. Goldman Sachs downgraded Emerge Energy Services LP (NYSE:EMES) on Friday, September 11 to “Neutral” rating. The firm earned “Buy” rating on Monday, December 7 by DA Davidson. DA Davidson downgraded Emerge Energy Services LP (NYSE:EMES) on Monday, June 13 to “Underperform” rating. The firm has “Hold” rating by Wunderlich given on Friday, October 23. The firm has “Buy” rating given on Friday, September 11 by Global Hunter Securities. The stock has “Neutral” rating given by Seaport Global Securities on Friday, October 23. As per Monday, May 16, the company rating was maintained by Wunderlich.

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 Q2 2016. 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.
Wells Fargo And Mn last reported 0% of its portfolio in the stock. Goldman Sachs Gp Inc last reported 1.10M shares in the company. Ladenburg Thalmann Service accumulated 1,420 shares or 0% of the stock. Pinnacle Holdings Ltd Liability accumulated 850 shares or 0% of the stock. Moreover, Yorkville Capital Mgmt Ltd Llc has 3.65% invested in Emerge Energy Services LP (NYSE:EMES) for 297,060 shares. Creative Planning owns 8,400 shares or 0% of their US portfolio. California Public Employees Retirement Sys last reported 262,100 shares in the company. Bnp Paribas Arbitrage accumulated 0.01% or 286,091 shares. Quantbot Techs L P has 0.01% invested in the company for 7,305 shares. Fincl Bank Of Montreal Can has invested 0% of its portfolio in Emerge Energy Services LP (NYSE:EMES). Us Comml Bank De owns 250 shares or 0% of their US portfolio. Barclays Plc reported 69,008 shares or 0% of all its holdings. Manufacturers Life Ins Com The holds 650 shares or 0% of its portfolio. Citigroup has 0% invested in the company for 131 shares. Hudock Grp Incorporated Limited Liability Company accumulated 0% or 100 shares.

More 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 Streetinsider.com published the news titled: “Emerge Energy Services (EMES) Prices 3.4M Units Offering for Proceeds of $34M” on November 18, 2016. Finance.Yahoo.com‘s news article titled: “Can Emerge Energy Services (EMES) Surprise Q3 Earnings?” with publication date: October 28, 2016 was also an interesting one.

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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