3 Stocks Got Crushed Today but Hedge Funds Say One of Them Will Rebound

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Finally, we come to Emerge Energy Services (NYSE:EMES), which has been pounded to the tune of a 29.86% loss so far today. The vicious bear attack on the stock follows the company withdrawing its distribution guidance for the 2015 fiscal year after it cited difficult market conditions in both its Sand and Fuel segments. That led analysts at both Robert W. Baird and Stifel Nicolaus to downgrade the stock today, with the latter dropping it to a ‘Sell’ rating from ‘Hold’, and the former dropping it to ‘Underperform’ from ‘Neutral’. Baird also slashed its price target for the stock in half, to $7.

Emerge Energy Services (NYSE:EMES), which traded at more than $144 a little over a year ago is down to a mere $8.12 in trading today, a sobering slide of over 94%. It’s also down by nearly 85% in 2015, and by over 77% in the past three months alone. The energy services provider was in the portfolios of just four hedge funds in our database on June 30, who held just 0.80% of the company’s shares. Matthew Hulsizer’s Peak6 Capital Management held the largest of those positions, consisting of 14,061 shares worth a mere $508,000.

Disclosure: None

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