Select Egy Svcs (NYSE:WTTR) has earned an average recommendation of “Buy” from the ten research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $18.25.
Several equities research analysts have recently commented on the stock. Wells Fargo & Company reiterated an “outperform” rating and set a $20.00 price objective on shares of Select Egy Svcs in a research note on Tuesday, November 28th. B. Riley reiterated a “buy” rating on shares of Select Egy Svcs in a research note on Wednesday, November 1st. BidaskClub upgraded shares of Select Egy Svcs from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Citigroup downgraded shares of Select Egy Svcs from a “buy” rating to a “sell” rating and lowered their price objective for the stock from $18.00 to $15.00 in a research note on Wednesday, September 27th. Finally, J P Morgan Chase & Co lowered their price objective on shares of Select Egy Svcs from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, September 12th.
Select Egy Svcs (NYSE WTTR) traded down $0.03 during midday trading on Monday, reaching $15.98. 245,996 shares of the company’s stock traded hands, compared to its average volume of 297,229. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.83 and a current ratio of 2.84. Select Egy Svcs has a fifty-two week low of $11.22 and a fifty-two week high of $17.37.
Select Egy Svcs (NYSE:WTTR) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.01. Select Egy Svcs had a negative net margin of 6.18% and a negative return on equity of 6.04%. The business had revenue of $153.90 million for the quarter, compared to analyst estimates of $147.65 million. During the same period in the previous year, the company earned ($0.28) earnings per share. The business’s revenue for the quarter was up 108.3% on a year-over-year basis. sell-side analysts anticipate that Select Egy Svcs will post 0.14 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of WTTR. New York State Common Retirement Fund acquired a new position in Select Egy Svcs during the second quarter valued at $102,000. Alliancebernstein L.P. acquired a new position in Select Egy Svcs during the second quarter valued at $141,000. Schwab Charles Investment Management Inc. acquired a new position in Select Egy Svcs during the second quarter valued at $192,000. California State Teachers Retirement System lifted its position in Select Egy Svcs by 117.4% during the third quarter. California State Teachers Retirement System now owns 15,000 shares of the company’s stock valued at $239,000 after purchasing an additional 8,100 shares during the period. Finally, K.J. Harrison & Partners Inc acquired a new position in Select Egy Svcs during the third quarter valued at $252,000. Institutional investors own 22.30% of the company’s stock.
Select Egy Svcs Company Profile
Select Energy Services, Inc is a holding company. The Company is provider of total water solutions to the United States unconventional oil and gas industry. The Company is engaged in sourcing and transfer of water prior to its use in drilling and completion activities associated with hydraulic fracturing or fracking, which collectively referrd to as pre-frac water services.
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