DA Davidson Downgrades Emerge Energy Services LP to Underperform

Brokerage firm DA Davidson Downgrades its rating on Emerge Energy Services LP(NYSE:EMES). The shares have been rated Underperform. Previously, the analysts had a Buy rating on the shares. The rating by DA Davidson was issued on Jun 13, 2016.

In a different note, On May 16, 2016, Wunderlich said it Maintains its rating on Emerge Energy Services LP. In the research note, the firm Lowers the price-target to $5.00 per share. The shares have been rated ‘Hold’ by the firm.

Emerge Energy Services LP (EMES) shares turned negative on Fridays trading session with the shares closing down -0.1 points or -0.98% at a volume of 13,51,550. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.25. The peak price level was also seen at $11.25 while the days lowest was $10.122. Finally the shares closed at $10.15. The 52-week high of the shares is $40.999 while the 52-week low is $1.97. According to the latest information available, the market cap of the company is $245 M.

Emerge Energy Services LP(EMES) last announced its earnings results on May 10, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $110.15M. Analysts had an estimated revenue of $123.32M. Earnings per share were $-1.20. Analysts had estimated an EPS of $-0.54.

Several Insider Transactions has been reported to the SEC. On Sep 11, 2015, Victor L Vescovo (director 10% owner) purchased 10,000 shares at $14.25 per share price.Also, On Sep 2, 2015, Mark A. Gottfredson (director) purchased 10,000 shares at $17.90 per share price.On Aug 27, 2015, Richard J Shearer (CEO) purchased 13,500 shares at $13.07 per share price, according to the Form-4 filing with the securities and exchange commission.

Emerge Energy Services LP (Emerge) owns operates acquires and develops a diversified portfolio of energy service assets. The Company operates in segments: Sand segment and Fuel segment. Through its Sand segment the Company is engaged in the businesses of mining processing and distributing silica sand a key input for the hydraulic fracturing of oil and natural gas wells. Its Fuel segment processes transmix distributes refined motor fuels and renewable fuels operates bulk motor fuel storage terminals and provides complementary services. The Company We conducts its Sand operations through its subsidiary Superior Silica Sands LLC (SSS) and its Fuel operations through its subsidiaries Direct Fuels LLC (Direct Fuels) Allied Energy Company LLC (AEC) and Emerge Energy Distributors Inc. (Distributor).

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