Equities research analysts expect that Select Energy Services Inc (NYSE:WTTR) will report $105.79 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Select Energy Services’ earnings, with the highest sales estimate coming in at $118.00 million and the lowest estimate coming in at $93.15 million. Select Energy Services posted sales of $328.97 million in the same quarter last year, which suggests a negative year-over-year growth rate of 67.8%. The business is expected to issue its next quarterly earnings results on Wednesday, November 4th.
On average, analysts expect that Select Energy Services will report full-year sales of $588.56 million for the current fiscal year, with estimates ranging from $556.74 million to $611.00 million. For the next year, analysts anticipate that the firm will post sales of $560.37 million, with estimates ranging from $479.71 million to $601.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Select Energy Services.
Select Energy Services (NYSE:WTTR) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.31) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.31). Select Energy Services had a negative net margin of 30.21% and a positive return on equity of 0.78%.
WTTR has been the topic of several recent research reports. Citigroup raised their price objective on Select Energy Services from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Select Energy Services in a research note on Thursday, June 4th. Zacks Investment Research downgraded Select Energy Services from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, ValuEngine upgraded Select Energy Services from a “hold” rating to a “buy” rating in a report on Tuesday, June 9th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Select Energy Services has an average rating of “Hold” and a consensus target price of $6.28.
WTTR traded down $0.08 during mid-day trading on Thursday, reaching $4.47. 193,900 shares of the stock were exchanged, compared to its average volume of 199,602. The stock has a market capitalization of $460.87 million, a PE ratio of 49.67 and a beta of 2.86. Select Energy Services has a 1 year low of $2.22 and a 1 year high of $9.68. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.97 and a current ratio of 4.48. The company has a 50 day moving average price of $4.93 and a two-hundred day moving average price of $4.74.
A number of institutional investors have recently modified their holdings of WTTR. Bank of Montreal Can raised its position in shares of Select Energy Services by 561.9% during the 2nd quarter. Bank of Montreal Can now owns 900,833 shares of the company’s stock worth $3,702,000 after purchasing an additional 764,726 shares during the last quarter. Ranger Investment Management L.P. raised its position in Select Energy Services by 26.3% during the 1st quarter. Ranger Investment Management L.P. now owns 2,525,406 shares of the company’s stock valued at $8,157,000 after purchasing an additional 525,520 shares in the last quarter. Russell Investments Group Ltd. raised its position in Select Energy Services by 53.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,364,139 shares of the company’s stock valued at $6,682,000 after purchasing an additional 473,721 shares in the last quarter. Baird Financial Group Inc. bought a new stake in Select Energy Services during the 1st quarter valued at $1,391,000. Finally, Parametric Portfolio Associates LLC raised its position in Select Energy Services by 293.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 440,852 shares of the company’s stock valued at $1,424,000 after purchasing an additional 328,813 shares in the last quarter. Institutional investors own 61.65% of the company’s stock.
About Select Energy Services
Select Energy Services, Inc, an oilfield services company, provides water management and chemical solutions to the onshore oil and natural gas industry in the United States and Western Canada. The company operates through three segments: Water Solutions, Oilfield Chemicals, and Wellsite Services. The Water Solutions segment provides water-related services, including the sourcing of water; the transfer of the water to the wellsite through permanent pipeline infrastructure and temporary pipe; the containment of fluids off-and on-location; measuring and monitoring of water; the filtering and treatment of fluids, well testing, and handling of flowback and produced formation water; and the transportation and recycling or disposal of drilling, completion, and production fluids.
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