Investors are more bullish on shares of the company lately looking at the motion in short interest. The company had a fall in short interest from October 13, 2017 to October 31, 2017 of -8.19%. Short interest decreased from 2,047,299 to 1,879,536 over that period. The days to cover increased to 5.0 and the percentage of shorted shares was 0.06% on October 31.
Here is a rundown on some insider market activity for Emerge Energy Services LP Commo (NYSE:EMES). Director Mark A. Gottfredson bought 68,850 shares at a price of $8.66 on Wed the 8th. That brings Gottfredson’s holdings to $916,574 per an SEC filing yesterday.
The following firms have recently changed their position in EMES. Citigroup Inc bolstered its position by buying 3,548 shares an increase of 6,823.1% from 06/30/2017 to 09/30/2017. Citigroup Inc currently owns 3,600 shares valued at $30,000. The value of the position overall is up by inf%. Blair William & Co/il added to its investment by buying 10,000 shares an increase of 38.0% in the quarter. Blair William & Co/il now controls 36,325 shares with a value of $299,000. The total value of its holdings increased 26.2%.
Goldman Sachs Group Inc divested its stake by selling 89,661 shares a decrease of 81.4%. Goldman Sachs Group Inc owns 20,436 shares worth $168,000. The value of the position overall is down by 83.1%. As of the end of the quarter Barclays PLC had bought a total of 9,330 shares growing its stake by 58.6%. The value of the investment in (EMES) increased from $143,000 to $208,000 a change of 45.5% for the reporting period.
November 3 investment analysts at Piper Jaffray Companies left the stock rating at “Hold” targeting a price of $10.00. Cowen and Company updated coverage of EMES and giving a rating of “Hold” and setting a price target of $12.00.
On September 25, 2017 Piper Jaffray Companies released guidance on EMES with an initial rating of “Neutral”. On September 10 Stifel Nicolaus made no change to the stock rating of “Buy” projecting a price of $13.00.
On September 6 analysts at Janney Montgomery Scott issued a report on EMES by announcing an initial rating of “Neutral”. August 11 investment analysts at Cowen and Company made no change to the company rating of “Hold” with a current price target of $12.00.
In the market the company is trading up by 2.46% since yesterday’s close of 8.53. The most current P/E ratio is N/A and market cap is 263.53M. In the latest earnings report the EPS was $-1.08 with 30.15M shares currently outstanding.
Emerge Energy Services LP, launched on April 27, 2012, 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 Business’s Sand business mines, processes and distributes silica sand, an input for the hydraulic fracturing of oil and gas wells. As of December 31, 2016, its Wisconsin facilities consisted of three dry plants located in Arland, Barron and New Auburn, Wisconsin, with a total permitted capacity of 6.3 million finished tons per year, and five wet plants and mine complexes. As of December 31, 2016, its dry plant in Kosse, Texas, had a capacity of 600,000 tons per year that is supplied by a separate mine and wet plant that processes local Texas sand. As of December 31, 2016, the Company also had 14 transload facilities located throughout North America in the basins where it delivers its sand, as well as a fleet of 5,573 railcars..