Emerge Energy Services LP (NYSE:EMES) was the recipient of some unusual options trading activity on Monday. Traders acquired 8,667 put options on the stock. This represents an increase of approximately 3,840% compared to the typical daily volume of 220 put options.
Emerge Energy Services (EMES) opened at $7.77 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 3.64. Emerge Energy Services has a twelve month low of $5.65 and a twelve month high of $24.45. The company has a market cap of $234.46, a price-to-earnings ratio of -6.53 and a beta of 1.70.
Several analysts have recently weighed in on the stock. ValuEngine cut shares of Emerge Energy Services from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of Emerge Energy Services from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. BidaskClub upgraded shares of Emerge Energy Services from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. B. Riley assumed coverage on shares of Emerge Energy Services in a research report on Wednesday, December 6th. They set a “neutral” rating and a $9.00 price objective on the stock. Finally, Piper Jaffray Companies restated a “hold” rating and set a $10.00 price objective on shares of Emerge Energy Services in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Emerge Energy Services currently has an average rating of “Hold” and a consensus target price of $13.38.
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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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