Shares of Select Energy Services Inc (NYSE:WTTR) have been given a consensus rating of “Buy” by the thirteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $17.90.
Several research firms have recently commented on WTTR. Zacks Investment Research raised shares of Select Energy Services from a “sell” rating to a “hold” rating in a research report on Saturday, November 17th. Piper Jaffray Companies set a $17.00 target price on shares of Select Energy Services and gave the company a “buy” rating in a report on Thursday, November 8th. ValuEngine downgraded shares of Select Energy Services from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 13th. Wells Fargo & Co lifted their target price on shares of Select Energy Services from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, November 8th. Finally, B. Riley set a $22.00 target price on shares of Select Energy Services and gave the company a “buy” rating in a report on Tuesday, November 6th.
In other Select Energy Services news, CAO Gary Gillette sold 20,000 shares of the business’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $10.62, for a total value of $212,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.29% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of Select Energy Services by 24.7% during the third quarter. BlackRock Inc. now owns 3,841,123 shares of the company’s stock worth $45,479,000 after purchasing an additional 761,511 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Select Energy Services by 20.9% during the second quarter. Bank of New York Mellon Corp now owns 3,812,102 shares of the company’s stock worth $55,390,000 after purchasing an additional 659,270 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Select Energy Services by 25.3% during the third quarter. Vanguard Group Inc. now owns 2,443,949 shares of the company’s stock worth $28,936,000 after purchasing an additional 493,803 shares in the last quarter. Vanguard Group Inc lifted its position in Select Energy Services by 25.3% in the third quarter. Vanguard Group Inc now owns 2,443,949 shares of the company’s stock valued at $28,936,000 after acquiring an additional 493,803 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Select Energy Services by 176.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,150,123 shares of the company’s stock valued at $13,617,000 after acquiring an additional 733,428 shares during the last quarter. Institutional investors and hedge funds own 56.48% of the company’s stock.
WTTR stock opened at $7.87 on Tuesday. The company has a market cap of $830.00 million, a PE ratio of 9.84 and a beta of 2.65. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.27 and a current ratio of 2.51. Select Energy Services has a one year low of $6.05 and a one year high of $21.96.
Select Energy Services (NYSE:WTTR) last released its quarterly earnings results on Tuesday, November 6th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The firm had revenue of $396.97 million for the quarter, compared to analyst estimates of $406.52 million. Select Energy Services had a net margin of 2.80% and a return on equity of 4.95%. The business’s revenue for the quarter was up 158.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.04 EPS. Analysts forecast that Select Energy Services will post 0.87 earnings per share for the current year.
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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