A number of other research analysts have also issued reports on the stock. ValuEngine lowered shares of Select Energy Services from a hold rating to a sell rating in a research note on Tuesday, August 14th. Citigroup lowered their target price on shares of Select Energy Services from $15.50 to $14.00 and set a neutral rating on the stock in a research note on Friday, September 14th. JPMorgan Chase & Co. lowered their target price on shares of Select Energy Services from $17.00 to $14.00 and set a neutral rating on the stock in a research note on Monday, September 17th. Credit Suisse Group lowered their target price on shares of Select Energy Services from $21.00 to $18.00 and set an outperform rating on the stock in a research note on Monday, August 13th. Finally, Piper Jaffray Companies reiterated a buy rating on shares of Select Energy Services in a research note on Thursday, August 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $18.58.
Select Energy Services stock opened at $12.75 on Friday. Select Energy Services has a 1-year low of $11.50 and a 1-year high of $21.96. The company has a current ratio of 2.40, a quick ratio of 2.16 and a debt-to-equity ratio of 0.09. The firm has a market cap of $1.26 billion, a PE ratio of 15.94 and a beta of 2.19.
Select Energy Services (NYSE:WTTR) last posted its earnings results on Thursday, August 9th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. Select Energy Services had a net margin of 1.58% and a return on equity of 3.53%. The business had revenue of $393.20 million for the quarter, compared to analyst estimates of $403.45 million. During the same period last year, the business posted ($0.16) EPS. Select Energy Services’s revenue was up 192.6% compared to the same quarter last year. On average, research analysts expect that Select Energy Services will post 0.91 EPS for the current year.
In other Select Energy Services news, CFO Nick L. Swyka bought 2,500 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The shares were acquired at an average cost of $13.64 per share, for a total transaction of $34,100.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 8.29% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of WTTR. BlackRock Inc. boosted its position in shares of Select Energy Services by 37.2% during the 1st quarter. BlackRock Inc. now owns 1,669,372 shares of the company’s stock valued at $21,068,000 after acquiring an additional 452,595 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Select Energy Services by 77.5% during the 1st quarter. New York State Common Retirement Fund now owns 30,700 shares of the company’s stock valued at $387,000 after acquiring an additional 13,400 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Select Energy Services during the 1st quarter valued at about $447,000. Citadel Advisors LLC boosted its position in shares of Select Energy Services by 303.7% during the 1st quarter. Citadel Advisors LLC now owns 63,335 shares of the company’s stock valued at $799,000 after acquiring an additional 47,645 shares in the last quarter. Finally, Koch Industries Inc. acquired a new stake in shares of Select Energy Services during the 1st quarter valued at about $127,000. Institutional investors and hedge funds own 52.36% 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 unconventional oil and 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 hose; 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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