Shares of Emerge Energy Services LP (NYSE:EMES) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $0.18 and last traded at $0.19, with a volume of 2430 shares. The stock had previously closed at $0.19.
Several research firms have recently issued reports on EMES. Zacks Investment Research upgraded Emerge Energy Services from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 20th. ValuEngine upgraded Emerge Energy Services from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Emerge Energy Services presently has an average rating of “Hold” and an average price target of $4.67.
The company has a market capitalization of $6.52 million, a PE ratio of 0.56 and a beta of 3.16. The company has a quick ratio of 0.76, a current ratio of 1.31 and a debt-to-equity ratio of 2.89.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smith Salley & Associates bought a new position in shares of Emerge Energy Services in the 4th quarter worth $28,000. Virtu Financial LLC bought a new position in Emerge Energy Services during the fourth quarter worth about $42,000. LPL Financial LLC lifted its holdings in Emerge Energy Services by 35.3% during the fourth quarter. LPL Financial LLC now owns 39,293 shares of the oil and gas company’s stock worth $61,000 after acquiring an additional 10,250 shares in the last quarter. Finally, HPS Investment Partners LLC bought a new position in Emerge Energy Services during the fourth quarter worth about $992,000. Institutional investors own 8.71% of the company’s stock.
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About Emerge Energy Services (NYSE:EMES)
Emerge Energy Services LP, through its subsidiary, Superior Silica Sands LLC, operates an energy services company in the United States. It engages in mining, producing, and distributing silica sand, which is a primary input for the hydraulic fracturing of oil and natural gas wells. The company serves oilfield services companies, and exploration and production companies that are engaged in hydraulic fracturing.
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