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UPDATE: Stifel Upgrades Emerge Energy Services on Expected Growth Driver

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UPDATE: Wunderlich Securities Reiterates On Emerge Energy Services LP On Mixed Factors
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In a report published Friday, Stifel analyst Selman Akyol upgraded the rating on Emerge Energy Services LP (NYSE: EMES) from Hold to Buy, and reiterated the $44.00 price target.

In the report, Stifel noted, “Emerge Energy Services LP began operations as a publicly traded partnership on May 14, 2013. We continue to believe the sand operations will be the growth driver for the partnership through FY14 as it focuses on filling the capacity at its Barron facility (brought online at the end of 4Q12). During the quarter, we estimate production grew approximately 55,000 tons to 344,000 tons at its Barron facility. Additionally, we believe pricing remains firm for at least the next year as the partnership benefits from high demand for its sand.”

Emerge Energy Services LP closed on Thursday at $40.01.

Latest Ratings for EMES

DateFirmActionFromTo
Dec 2014WunderlichMaintainsBuy
Dec 2014Stifel NicolausMaintainsBuy
Nov 2014CitigroupMaintainsBuy

View More Analyst Ratings for EMES
View the Latest Analyst Ratings

Posted-In: Selman Akyol StifelAnalyst Color Upgrades Analyst Ratings

 

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