Wall Street brokerages forecast that Select Energy Services Inc (NYSE:WTTR) will report earnings per share of $0.19 for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Select Energy Services’ earnings. The lowest EPS estimate is $0.17 and the highest is $0.21. Select Energy Services reported earnings of $0.09 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 111.1%. The business is expected to issue its next quarterly earnings report on Wednesday, March 6th.

According to Zacks, analysts expect that Select Energy Services will report full year earnings of $0.88 per share for the current fiscal year, with EPS estimates ranging from $0.87 to $0.88. For the next financial year, analysts anticipate that the firm will report earnings of $1.08 per share, with EPS estimates ranging from $0.92 to $1.30. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Select Energy Services.

Select Energy Services (NYSE:WTTR) last announced its quarterly earnings data on Tuesday, November 6th. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. The firm had revenue of $396.97 million during the quarter, compared to analyst estimates of $406.52 million. Select Energy Services had a return on equity of 4.95% and a net margin of 2.80%. The company’s revenue was up 158.0% on a year-over-year basis. During the same period last year, the company earned $0.04 earnings per share.

A number of analysts recently commented on WTTR shares. Johnson Rice started coverage on Select Energy Services in a research report on Friday, October 5th. They issued an “accumulate” rating and a $16.00 price objective for the company. ValuEngine lowered Select Energy Services from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th. JPMorgan Chase & Co. lowered their price objective on Select Energy Services from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, September 17th. Citigroup lowered their price objective on Select Energy Services from $15.50 to $14.00 and set a “neutral” rating for the company in a research report on Friday, September 14th. Finally, B. Riley set a $22.00 price objective on Select Energy Services and gave the stock a “buy” rating in a research report on Sunday, October 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. Select Energy Services has a consensus rating of “Hold” and an average price target of $18.00.

WTTR stock traded down $0.15 during midday trading on Wednesday, reaching $9.76. The stock had a trading volume of 849,288 shares, compared to its average volume of 625,226. The company has a quick ratio of 2.27, a current ratio of 2.51 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 12.20 and a beta of 2.21. Select Energy Services has a twelve month low of $9.11 and a twelve month high of $21.96.

Institutional investors have recently bought and sold shares of the company. Parkwood LLC acquired a new position in shares of Select Energy Services during the 2nd quarter worth about $149,000. Metropolitan Life Insurance Co. NY grew its position in shares of Select Energy Services by 61.2% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 15,515 shares of the company’s stock worth $225,000 after buying an additional 5,890 shares during the period. Voya Investment Management LLC grew its position in shares of Select Energy Services by 49.5% during the 2nd quarter. Voya Investment Management LLC now owns 17,137 shares of the company’s stock worth $249,000 after buying an additional 5,673 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Select Energy Services during the 3rd quarter worth about $208,000. Finally, MetLife Investment Advisors LLC grew its position in shares of Select Energy Services by 57.0% during the 2nd quarter. MetLife Investment Advisors LLC now owns 21,969 shares of the company’s stock worth $319,000 after buying an additional 7,972 shares during the period. Institutional investors own 52.62% 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.

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