|June 19, 2014|
|16:20 EDT||EMES||Emerge Energy files to sell 3.52M common units for holders|
The units represent limited partner interests in Emerge Energy. BofA Merrill Lynch, Morgan Stanley, Wells Fargo Securities, Citigroup, J.P. Morgan, Goldman Sachs and UBS Securities are acting as joint book-running managers for the offering.
News For EMES From The Last 14 Days
|November 24, 2015|
|10:41 EDT||EMES||Options with increasing implied volatility: EMES WMB BRCM|
|10:00 EDT||EMES||On The Fly: Analyst Upgrade Summary|
Today's noteworthy upgrades include: Avon Products (AVP) upgraded to Buy from Neutral at Citi... Box (BOX) upgraded to Buy from Neutral at BofA/Merrill... Daimler AG (DDAIF) upgraded to Buy from Neutral at UBS... Emerge Energy (EMES) upgraded on amended credit deal at Stifel... Fairmount Santrol (FMSA) upgraded to Hold from Underperform at Jefferies... IAMGOLD (IAG) upgraded to Hold from Reduce at HSBC... Kinross Gold (KGC) upgraded on acquisitions at RBC Capital... Lowe's (LOW) upgraded to Overweight from Neutral at Atlantic Equities... Nimble Storage (NMBL) upgraded on valuation at DA Davidson... Resolute Energy (REN) upgraded to Equalweight from Underweight at Capital One... Schnitzer Steel (SCHN) upgraded to Equal Weight from Underweight at Morgan Stanley... Webster Financial (WBS) upgraded to Overweight from Neutral at JPMorgan.
|08:25 EDT||EMES||Emerge Energy upgraded on amended credit deal at Stifel|
As noted earlier, Stifel upgraded Emerge to Hold from Sell. The firm thinks the company's new credit facility deal will enable it to continue to operate through the current environment. As a result, Stifel sees little downside in the stock.
|06:07 EDT||EMES||Emerge Energy upgraded to Hold from Sell at Stifel|
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|November 11, 2015|
|11:04 EDT||EMES||Emerge Energy drops after short-seller calls for 50% decline|
White Diamond Research issued a new report about Emerge Energy Services (EMES), claiming that the company is a "clear bankruptcy risk" whose stock may drop up to 50% from current levels. The potential amendment of its credit facility, the start of an ATM equity financing and a 10-Q with "going concern" language, are three possible negative catalysts that Emerge may face, contends White Diamond. Emerge Energy shares are down 10% to $5.08 in morning trading following the publication of White Diamond's report.
|11:00 EDT||EMES||Emerge Energy mentioned cautiously by White Diamond Research|
|07:37 EDT||EMES||U.S. Silica remains top fracking sand stock, says Cowen|
Cowen continues to rate all fracking sand companies it covers with an Outperform rating, but calls U.S. Silica (SLCA) its top name in the group. The firm cited the company's financial position, best in-class mine and distribution network for raw fracking sand and reliable free cash flow during the current downturn. Cowen maintained its $27 price target on U.S. Silica shares. Others in the fracking sand space include Hi-Crush Partners (HCLP), Emerge Energy (EMES) and Fairmount Santrol (FMSA).