Emerge Energy Services LP (EMES) Expected to Post Earnings of $0.06 Per Share

Equities analysts forecast that Emerge Energy Services LP (NYSE:EMES) will announce earnings per share of $0.06 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Emerge Energy Services’ earnings. The highest EPS estimate is $0.23 and the lowest is ($0.14). Emerge Energy Services posted earnings per share of ($0.38) in the same quarter last year, which suggests a positive year-over-year growth rate of 115.8%. The company is expected to announce its next earnings results on Wednesday, May 2nd.

On average, analysts expect that Emerge Energy Services will report full-year earnings of $1.38 per share for the current financial year, with EPS estimates ranging from $1.03 to $1.85. For the next year, analysts expect that the business will report earnings of $1.47 per share, with EPS estimates ranging from $0.62 to $2.06. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Emerge Energy Services.

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Emerge Energy Services (NYSE:EMES) last issued its earnings results on Monday, February 26th. The oil and gas company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.13). The firm had revenue of $103.14 million for the quarter, compared to analyst estimates of $114.36 million. Emerge Energy Services had a negative return on equity of 8.54% and a negative net margin of 1.88%. Emerge Energy Services’s quarterly revenue was up 142.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.80) earnings per share.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Emerge Energy Services from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th. B. Riley boosted their target price on shares of Emerge Energy Services from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. ValuEngine downgraded shares of Emerge Energy Services from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. Piper Jaffray restated a “hold” rating and set a $8.75 target price on shares of Emerge Energy Services in a report on Tuesday, December 26th. Finally, Stifel Nicolaus lowered their target price on shares of Emerge Energy Services from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $13.25.

Several large investors have recently added to or reduced their stakes in the business. Sanders Morris Harris LLC increased its holdings in shares of Emerge Energy Services by 187.3% in the fourth quarter. Sanders Morris Harris LLC now owns 49,600 shares of the oil and gas company’s stock valued at $357,000 after purchasing an additional 32,336 shares during the last quarter. Credit Capital Investments LLC acquired a new position in shares of Emerge Energy Services in the fourth quarter valued at $194,000. Deutsche Bank AG acquired a new position in shares of Emerge Energy Services in the fourth quarter valued at $1,134,000. Landscape Capital Management L.L.C. acquired a new position in shares of Emerge Energy Services in the fourth quarter valued at $162,000. Finally, Virtu Financial LLC increased its holdings in shares of Emerge Energy Services by 411.1% in the fourth quarter. Virtu Financial LLC now owns 87,412 shares of the oil and gas company’s stock valued at $628,000 after purchasing an additional 70,310 shares during the last quarter. Hedge funds and other institutional investors own 18.16% of the company’s stock.

EMES traded down $0.33 during trading on Wednesday, reaching $5.82. 179,981 shares of the stock were exchanged, compared to its average volume of 608,540. The company has a market cap of $190.69, a price-to-earnings ratio of -49.42 and a beta of 1.90. Emerge Energy Services has a twelve month low of $5.65 and a twelve month high of $15.05. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 3.59.

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Emerge Energy Services Company Profile

Emerge Energy Services LP owns, operates, acquires and develops a portfolio of energy service assets. The Company operates through Sand segment. The Company conducts its Sand operations through its subsidiary, Superior Silica Sands LLC (SSS). The Company’s Sand business mines, processes and distributes silica sand, an input for the hydraulic fracturing of oil and gas wells.

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Earnings History and Estimates for Emerge Energy Services (NYSE:EMES)

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