Emerge Energy price target raised to $92 from $85 at RW Baird Baird raised its price target on Emerge Energy following excellent Q1 results. The firm raised its distribution estimates, noted the company signed four new contracts, and sum-of-the-parts valuation. Shares are Outperform rated.
Emerge Energy raises Q4 distribution to $1.41 per unit from $1.38 per unit Emerge Energy announced that the board of its general partner has declared a cash distribution of $1.41 for Q4. This distribution represents a 2% increase over Q3 distribution of $1.38 per unit and a 41% increase over 4Q13 distribution of $1.00 per unit. The distribution will be paid on February 13, to all unitholders of record as of February 5. Based on current market conditions, Emerge Energy is also revising its full year distribution guidance for the year ending December 31, to $5.25-$6.00 per unit.