B.Riley FBR analyst Lucas Pipes maintained a Hold rating on Emerge Energy (NYSE: EMES) today and set a price target of $5. The company’s shares closed yesterday at $5.08, close to its 52-week low of $5.02.
According to TipRanks.com, Pipes is a 4-star analyst with an average return of 6.4% and a 61.0% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, Newmont Mining Corporation, and Novagold Resources Inc New.
Emerge Energy has an analyst consensus of Hold, with a price target consensus of $7.80.
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Based on Emerge Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $9.43 million. In comparison, last year the company had a GAAP net loss of $6.08 million.
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Emerge Energy Services LP engages in the ownership, operation, acquisition and development of a diversified portfolio of energy service assets. It also engages in the businesses of mining, processing, and distributing silica sand, a key input for the hydraulic fracturing of oil and natural gas wells.
