Emerge Energy Services LP (NYSE:EMES) was the target of some unusual options trading activity on Monday. Stock traders purchased 8,667 put options on the company. This is an increase of 3,840% compared to the average volume of 220 put options.
Shares of Emerge Energy Services (NYSE:EMES) traded down $0.19 on Wednesday, reaching $6.93. 230,067 shares of the company traded hands, compared to its average volume of 545,609. Emerge Energy Services has a 1 year low of $5.65 and a 1 year high of $15.05. The stock has a market cap of $208.96, a P/E ratio of -53.31 and a beta of 1.85. The company has a debt-to-equity ratio of 3.59, a quick ratio of 1.42 and a current ratio of 2.00.
Emerge Energy Services (NYSE:EMES) last announced its earnings results on Monday, February 26th. The oil and gas company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.13). Emerge Energy Services had a negative return on equity of 8.54% and a negative net margin of 1.88%. The business had revenue of $103.14 million for the quarter, compared to analysts’ expectations of $114.36 million. During the same period in the previous year, the company earned ($0.80) earnings per share. Emerge Energy Services’s quarterly revenue was up 142.0% on a year-over-year basis. research analysts predict that Emerge Energy Services will post 1.37 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in EMES. Deutsche Bank AG purchased a new stake in Emerge Energy Services during the 4th quarter worth approximately $1,134,000. SG Capital Management LLC acquired a new position in Emerge Energy Services during the 3rd quarter worth approximately $1,244,000. Tocqueville Asset Management L.P. grew its holdings in Emerge Energy Services by 89.3% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 258,335 shares of the oil and gas company’s stock worth $2,129,000 after acquiring an additional 121,835 shares in the last quarter. Virtu Financial LLC grew its holdings in Emerge Energy Services by 411.1% during the 4th quarter. Virtu Financial LLC now owns 87,412 shares of the oil and gas company’s stock worth $628,000 after acquiring an additional 70,310 shares in the last quarter. Finally, Sanders Morris Harris LLC grew its holdings in Emerge Energy Services by 187.3% during the 4th quarter. Sanders Morris Harris LLC now owns 49,600 shares of the oil and gas company’s stock worth $357,000 after acquiring an additional 32,336 shares in the last quarter. 18.31% of the stock is currently owned by hedge funds and other institutional investors.
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About Emerge Energy Services
Emerge Energy Services LP 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 Company’s Sand business mines, processes and distributes silica sand, an input for the hydraulic fracturing of oil and gas wells.
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