$0.16 Earnings Per Share Expected for Select Energy Services Inc (NYSE:WTTR) This Quarter

Brokerages expect Select Energy Services Inc (NYSE:WTTR) to post earnings per share of $0.16 for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Select Energy Services’ earnings. The highest EPS estimate is $0.22 and the lowest is $0.11. Select Energy Services posted earnings per share of $0.29 during the same quarter last year, which suggests a negative year-over-year growth rate of 44.8%. The company is expected to announce its next earnings results on Tuesday, November 5th.

According to Zacks, analysts expect that Select Energy Services will report full-year earnings of $0.49 per share for the current fiscal year, with EPS estimates ranging from $0.30 to $0.66. For the next year, analysts anticipate that the firm will post earnings of $0.96 per share, with EPS estimates ranging from $0.70 to $1.42. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Select Energy Services.

Select Energy Services (NYSE:WTTR) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.09). The firm had revenue of $323.90 million during the quarter, compared to the consensus estimate of $357.28 million. Select Energy Services had a net margin of 1.16% and a return on equity of 5.12%. The company’s quarterly revenue was down 17.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.24 EPS.

WTTR has been the subject of several recent research reports. Royal Bank of Canada reissued a “buy” rating and issued a $10.00 price target on shares of Select Energy Services in a research note on Thursday, August 8th. Zacks Investment Research reissued a “buy” rating and issued a $13.00 price target on shares of Select Energy Services in a research note on Saturday, May 11th. Wells Fargo & Co cut Select Energy Services from an “outperform” rating to a “market perform” rating and set a $13.00 price target for the company. in a research note on Thursday, June 27th. B. Riley set a $19.00 price target on Select Energy Services and gave the company a “buy” rating in a research note on Monday, May 20th. Finally, ValuEngine cut Select Energy Services from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $13.89.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC acquired a new stake in Select Energy Services in the 2nd quarter worth approximately $25,000. Legal & General Group Plc lifted its holdings in shares of Select Energy Services by 19.4% during the fourth quarter. Legal & General Group Plc now owns 8,152 shares of the company’s stock worth $51,000 after buying an additional 1,326 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Select Energy Services during the second quarter worth approximately $55,000. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Select Energy Services by 356.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 15,515 shares of the company’s stock worth $98,000 after buying an additional 12,117 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Select Energy Services by 579.6% during the first quarter. BNP Paribas Arbitrage SA now owns 9,617 shares of the company’s stock worth $116,000 after buying an additional 8,202 shares during the last quarter. Hedge funds and other institutional investors own 56.94% of the company’s stock.

Shares of NYSE WTTR traded up $0.39 during trading hours on Friday, hitting $8.42. The stock had a trading volume of 781,664 shares, compared to its average volume of 501,297. The company has a market capitalization of $906.34 million, a P/E ratio of 9.79 and a beta of 2.64. The firm’s 50-day moving average price is $9.95 and its two-hundred day moving average price is $10.73. Select Energy Services has a 52 week low of $6.05 and a 52 week high of $13.91. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.32 and a current ratio of 2.56.

Select Energy Services Company Profile

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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Earnings History and Estimates for Select Energy Services (NYSE:WTTR)

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