Emerge Energy price target raised to $105-$112 from $80-$85 at Wells Fargo Wells Fargo increased its price target on Emerge Energy after conducting channel checks, as the firm says that the checks support its thesis that frac sand is likely to remain in tight supply through at least 2015. The firm believes that a number of positive catalysts could increase Emerge's distributions. Wells keeps an Outperform rating on the shares.
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.