Buy Emerge Energy on price dip as fundamentals intact, Wunderlich says

|About: Emerge Energy Services LP (EMES)|By:, SA News Editor

Emerge Energy Services (EMES +2.3%) slumped nearly 13% after it announced a 3.5M-unit secondary offering, but Wunderlich believes the pullback is overdone and presents an attractive buying opportunity, as EMES fundamentals remain solid (

The issuance should not impact the stock, as the number of outstanding common units will remain unchanged, the firm adds.

Wunderlich also notes the relative valuation of EMES vs. peer Hi-Crush Partners (HCLP -3.2%), which trades at a significant premium to EMES.