Equities analysts expect that Select Energy Services Inc (NYSE:WTTR) will post $294.60 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Select Energy Services’ earnings, with the lowest sales estimate coming in at $291.79 million and the highest estimate coming in at $299.60 million. The company is scheduled to announce its next quarterly earnings report on Wednesday, February 14th.
According to Zacks, analysts expect that Select Energy Services will report full-year sales of $294.60 million for the current year, with estimates ranging from $680.04 million to $687.90 million. For the next year, analysts anticipate that the firm will post sales of $1.63 billion per share, with estimates ranging from $1.51 billion to $1.70 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Select Energy Services.
Select Energy Services (NYSE:WTTR) last posted its earnings results on Wednesday, November 8th. The company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.01. Select Energy Services had a negative return on equity of 6.04% and a negative net margin of 6.18%. The company had revenue of $153.90 million for the quarter, compared to the consensus estimate of $147.65 million. During the same quarter in the previous year, the business earned ($0.28) earnings per share. The company’s revenue for the quarter was up 108.3% on a year-over-year basis.
WTTR has been the topic of a number of research analyst reports. Citigroup downgraded Select Energy Services from a “buy” rating to a “sell” rating and reduced their target price for the company from $18.00 to $15.00 in a research report on Wednesday, September 27th. BidaskClub upgraded Select Energy Services from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. B. Riley restated a “buy” rating on shares of Select Energy Services in a research report on Wednesday, November 1st. Piper Jaffray Companies restated a “buy” rating and issued a $20.00 target price on shares of Select Energy Services in a research report on Friday, November 10th. Finally, Zacks Investment Research upgraded Select Energy Services from a “sell” rating to a “hold” rating and set a $17.00 target price on the stock in a research report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $18.78.
Shares of Select Energy Services (WTTR) opened at $20.90 on Friday. Select Energy Services has a 1 year low of $11.22 and a 1 year high of $20.97. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.84 and a quick ratio of 2.83.
Several hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System raised its holdings in shares of Select Energy Services by 117.4% in the 3rd quarter. California State Teachers Retirement System now owns 15,000 shares of the company’s stock valued at $239,000 after buying an additional 8,100 shares during the period. New York State Common Retirement Fund purchased a new stake in shares of Select Energy Services in the 2nd quarter valued at $102,000. Alliancebernstein L.P. purchased a new stake in shares of Select Energy Services in the 2nd quarter valued at $141,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Select Energy Services in the 2nd quarter valued at $192,000. Finally, K.J. Harrison & Partners Inc purchased a new stake in shares of Select Energy Services in the 3rd quarter valued at $252,000. Hedge funds and other institutional investors own 22.30% of the company’s stock.
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Select Energy Services Company Profile
Select Energy Services, Inc is a holding company. The Company is provider of total water solutions to the United States unconventional oil and gas industry. The Company is engaged in sourcing and transfer of water prior to its use in drilling and completion activities associated with hydraulic fracturing or fracking, which collectively referrd to as pre-frac water services.
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