Seeking Alpha

Emerge Energy pushes higher after Stifel upgrade

  • Emerge Energy Services (EMES +3.3%) is upgraded to Buy from Hold with a $44 target price at Stifel, which continues to believe sand operations will be the growth driver for EMEs through FY 2014 as it focuses on filling the capacity at its Barron facility.
  • During the quarter, the firm estimates production grew ~55K tons to 344K tons at Barron facility, and pricing should remain firm for at least the next year as the partnership benefits from high demand for its sand.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)