Emerge Energy Services Stock Rating Upgraded by Robert W. Baird (EMES)
Posted by Ethan Ryder on Dec 5th, 2014 // No Comments
Emerge Energy Services (NASDAQ:EMES) from a neutral rating to an outperform rating in a research report sent to investors on Friday morning, TheFlyOnTheWall.com reports.
Robert W. Baird has also taken action a number of other stocks recently. The firm raised its price target on shares of Sunoco Logistics Partners L.P. from $49.00 to $54.00. They have a neutral rating on that stock. Also, Robert W. Baird raised its price target on shares of Energy Transfer Equity LP from $65.00 to $74.00. They have an outperform rating on that stock. Finally, Robert W. Baird upgraded shares of Energy Transfer Partners LP from a neutral rating to an outperform rating. Robert W. Baird now has a $77.00 price target on that stock, up previously from $65.00.
Shares of Emerge Energy Services (NASDAQ:EMES) traded up 0.49% on Friday, hitting $59.84. 270,916 shares of the company’s stock traded hands. Emerge Energy Services has a one year low of $37.52 and a one year high of $145.72. The stock’s 50-day moving average is $81.37 and its 200-day moving average is $102.8. The company has a market cap of $1.419 billion and a price-to-earnings ratio of 18.21.
Emerge Energy Services (NASDAQ:EMES) last released its earnings data on Thursday, October 30th. The company reported $1.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.88 by $0.20. The company had revenue of $296.33 million for the quarter, compared to the consensus estimate of $295.46 million. During the same quarter last year, the company posted $0.64 earnings per share. Emerge Energy Services’s revenue was up 9.7% compared to the same quarter last year. Analysts expect that Emerge Energy Services will post $3.78 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wunderlich cut their price target on shares of Emerge Energy Services from $130.00 to $100.00 in a research note on Wednesday. They now have a buy rating on the stock. Separately, analysts at Stifel Nicolaus cut their price target on shares of Emerge Energy Services from $135.00 to $90.00 in a research note on Tuesday. They now have a buy rating on the stock. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $98.00.
Emerge Energy Services LP owns, operates, acquires and develops a diversified portfolio of energy service assets.
"Bull markets are born on pessimism, grow on scepticism, mature on optimism and die of euphoria." ~ John Templeton
