Emerge Energy upgraded at Baird even after strong YTD run

Emerge Energy Services (EMES +5.6%) is upgraded to Outperform from Neutral with an $85 price target, up from $50, at Baird as EMES increases production capacity by almost 70%.

Baird sees substantial, high probability distribution growth potential from $110M in new facilities coming on-line from now through Q1 2015, which have under current sand pricing scenarios the ability to produce more than $10/unit in distributions. Despite an enormous run, firm sees further upside potential as mgmt increases production capacity by almost 70%.

Shares have surged 18% this week and 54% YTD.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs