Select Energy Services Inc (NYSE:WTTR) – Investment analysts at Piper Sandler lifted their Q2 2020 EPS estimates for Select Energy Services in a research report issued to clients and investors on Wednesday, June 24th. Piper Sandler analyst I. Macpherson now anticipates that the company will post earnings per share of ($0.33) for the quarter, up from their prior forecast of ($0.38). Piper Sandler has a “Neutral” rating and a $3.50 price target on the stock. Piper Sandler also issued estimates for Select Energy Services’ Q3 2020 earnings at ($0.28) EPS, Q4 2020 earnings at ($0.26) EPS, Q1 2021 earnings at ($0.20) EPS, Q2 2021 earnings at ($0.17) EPS, Q3 2021 earnings at ($0.14) EPS, Q4 2021 earnings at ($0.17) EPS and FY2021 earnings at ($0.68) EPS.
A number of other brokerages have also commented on WTTR. B. Riley cut their price objective on shares of Select Energy Services from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, May 8th. ValuEngine raised shares of Select Energy Services from a “hold” rating to a “buy” rating in a research note on Tuesday, June 9th. Zacks Investment Research reissued a “hold” rating on shares of Select Energy Services in a research note on Saturday, June 13th. Stephens cut shares of Select Energy Services to a “hold” rating and set a $3.00 price target on the stock. in a research note on Friday, March 20th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $7.00 price target on shares of Select Energy Services in a research note on Thursday, June 4th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Select Energy Services currently has an average rating of “Hold” and a consensus price target of $5.91.
Shares of WTTR opened at $4.86 on Monday. The company has a 50-day simple moving average of $5.25 and a 200-day simple moving average of $5.94. The firm has a market capitalization of $500.92 million, a P/E ratio of -1.72 and a beta of 3.06. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.81 and a current ratio of 3.10. Select Energy Services has a 52 week low of $2.22 and a 52 week high of $12.22.
Select Energy Services (NYSE:WTTR) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.47. Select Energy Services had a negative net margin of 20.23% and a positive return on equity of 3.82%. The company had revenue of $278.29 million during the quarter, compared to analysts’ expectations of $278.70 million.
In other news, CEO Holli C. Ladhani bought 14,524 shares of the company’s stock in a transaction dated Monday, April 13th. The stock was bought at an average cost of $3.44 per share, for a total transaction of $49,962.56. Following the transaction, the chief executive officer now owns 542,721 shares of the company’s stock, valued at $1,866,960.24. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 8.56% of the company’s stock.
Several large investors have recently modified their holdings of the company. BlackRock Inc. increased its position in Select Energy Services by 2.1% during the 1st quarter. BlackRock Inc. now owns 4,693,557 shares of the company’s stock worth $15,160,000 after purchasing an additional 97,663 shares in the last quarter. Ranger Investment Management L.P. increased its position in Select Energy Services by 26.3% during the 1st quarter. Ranger Investment Management L.P. now owns 2,525,406 shares of the company’s stock worth $8,157,000 after purchasing an additional 525,520 shares in the last quarter. State Street Corp increased its position in Select Energy Services by 4.5% during the 4th quarter. State Street Corp now owns 1,402,870 shares of the company’s stock worth $13,019,000 after purchasing an additional 60,238 shares in the last quarter. Geode Capital Management LLC increased its position in Select Energy Services by 9.3% during the 1st quarter. Geode Capital Management LLC now owns 893,680 shares of the company’s stock worth $2,886,000 after purchasing an additional 76,404 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in Select Energy Services by 85.8% during the 1st quarter. Russell Investments Group Ltd. now owns 890,418 shares of the company’s stock worth $2,869,000 after purchasing an additional 411,128 shares in the last quarter. Institutional investors own 62.77% 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 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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