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Emerge Energy Services LP (EMES) acquires, owns, operates, and develops a portfolio of energy service assets in the United States.
The company operated in two segments, Sand and Fuel.
The Sand segment is involved in the production and sale of various grades of industrial sand primarily used in the extraction of oil and natural gas, as well as in the production of building products and foundry materials.
The Fuel segment operates two terminals and two transmix processing facilities located in the Dallas-Fort Worth, Texas area, as well as in Birmingham, Alabama. This segment also engages in the sale of wholesale petroleum products; provision of third-party terminaling services; blending of renewable fuels into petroleum products; manufacture of biodiesel; and provision of reclamation services, such as tank cleaning services, as well as other complementary products and services.
Emerge Energy Services GP, LLC operates as a general partner of the company.
Shares of this company have formed a bullish "double bottom" after the firm sold more than 3 million shares last week at $10 per share. We expect shares to head higher from these levels.
52-Weeks Trading Range: $1.97 - $15.75
Entry Point: $10.95
Stop Loss: $10.40
Target Price: $12.10
EMES closed at $12.25.
