Select Energy Services (WTTR) Receives News Impact Rating of 0.32

Press coverage about Select Energy Services (NYSE:WTTR) has been trending positive on Sunday, according to Accern. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Select Energy Services earned a news sentiment score of 0.32 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 48.0166479334953 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the media headlines that may have impacted Accern’s rankings:

Several equities research analysts have weighed in on the stock. ValuEngine upgraded shares of Select Energy Services from a “sell” rating to a “hold” rating in a report on Friday, May 11th. Seaport Global Securities reiterated a “buy” rating on shares of Select Energy Services in a report on Thursday, April 19th. B. Riley reiterated a “buy” rating on shares of Select Energy Services in a report on Tuesday, May 22nd. Citigroup increased their target price on shares of Select Energy Services from $14.00 to $15.50 and gave the stock a “neutral” rating in a report on Wednesday, July 11th. Finally, Zacks Investment Research lowered shares of Select Energy Services from a “strong-buy” rating to a “hold” rating in a report on Saturday, June 2nd. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $18.28.

WTTR traded down $0.90 during mid-day trading on Friday, hitting $14.70. The stock had a trading volume of 2,660,365 shares, compared to its average volume of 586,546. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.17 and a current ratio of 2.39. The firm has a market cap of $1.66 billion, a PE ratio of 18.38 and a beta of 2.44. Select Energy Services has a 1-year low of $11.50 and a 1-year high of $21.96.

Select Energy Services (NYSE:WTTR) last posted its earnings results on Thursday, August 9th. The company reported $0.24 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.24. The company had revenue of $393.20 million for the quarter, compared to analyst estimates of $403.45 million. Select Energy Services had a net margin of 1.58% and a return on equity of 3.78%. The business’s revenue for the quarter was up 192.6% compared to the same quarter last year. During the same period last year, the business posted ($0.16) earnings per share. equities analysts forecast that Select Energy Services will post 0.92 EPS for the current fiscal year.

In other news, insider Gary Gillette sold 12,883 shares of the stock in a transaction on Friday, June 1st. The shares were sold at an average price of $13.45, for a total transaction of $173,276.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 8.29% of the company’s stock.

Select Energy Services Company Profile

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.

Further Reading: Understanding Relative Strength Index

Insider Buying and Selling by Quarter for Select Energy Services (NYSE:WTTR)

Receive News & Ratings for Select Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Energy Services and related companies with's FREE daily email newsletter.

Leave a Reply