Emerge Energy Services LP (EMES) Reaches $9.71 After 7.00% Down Move; Blackstone Has 1.3 Sentiment

January 14, 2018 - By Marie Mckinney

The stock of Emerge Energy Services LP (NYSE:EMES) is a huge mover today! The stock decreased 3.19% or $0.32 during the last trading session, reaching $9.71. About 881,942 shares traded or 34.93% up from the average. Emerge Energy Services LP (NYSE:EMES) has risen 243.72% since January 14, 2017 and is uptrending. It has outperformed by 227.02% the S&P500.The move comes after 8 months negative chart setup for the $293.00M company. It was reported on Jan, 14 by Barchart.com. We have $9.03 PT which if reached, will make NYSE:EMES worth $20.51 million less.

The stock increased 0.25% or $0.04 during the last trading session, reaching $15.83. About 132,202 shares traded. Blackstone/GSO Strategic Credit Fund (BGB) has risen 17.77% since January 14, 2017 and is uptrending. It has outperformed by 1.07% the S&P500.

Oak Hill Advisors Lp holds 16.73% of its portfolio in Blackstone/GSO Strategic Credit Fund for 1.23 million shares. Robinson Capital Management Llc owns 210,908 shares or 1.51% of their US portfolio. Moreover, Selway Asset Management has 0.96% invested in the company for 104,025 shares. The Illinois-based Rivernorth Capital Management Llc has invested 0.94% in the stock. Vident Investment Advisory Llc, a Georgia-based fund reported 516,354 shares.

Emerge Energy Services LP, through its subsidiary, Superior Silica Sands LLC, operates an energy services firm in the United States. The company has market cap of $293.00 million. It engages in mining, processing, and distributing silica sand, which is a primary input for the hydraulic fracturing of oil and natural gas wells. It currently has negative earnings. The firm serves oilfield services companies, and exploration and production companies that are engaged in hydraulic fracturing.

Among 14 analysts covering Emerge Energy Services (NYSE:EMES), 6 have Buy rating, 2 Sell and 6 Hold. Therefore 43% are positive. Emerge Energy Services had 39 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, September 11 by Global Hunter Securities. The company was maintained on Friday, August 7 by Cowen & Co. The company was maintained on Friday, June 24 by Wunderlich. The stock has “Buy” rating by Stifel Nicolaus on Thursday, July 13. On Friday, September 25 the stock rating was downgraded by Robert W. Baird to “Underperform”. The firm has “Hold” rating given on Thursday, August 10 by Cowen & Co. Piper Jaffray maintained the shares of EMES in report on Tuesday, December 26 with “Hold” rating. The stock of Emerge Energy Services LP (NYSE:EMES) has “Hold” rating given on Friday, July 24 by Wunderlich. FBR Capital initiated Emerge Energy Services LP (NYSE:EMES) rating on Wednesday, December 6. FBR Capital has “Hold” rating and $9.0 target. As per Friday, September 11, the company rating was downgraded by Goldman Sachs.

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