Wall Street brokerages expect that Select Energy Services Inc (NYSE:WTTR) will report sales of $294.60 million for the current quarter, Zacks reports. Three analysts have made estimates for Select Energy Services’ earnings, with the highest sales estimate coming in at $299.60 million and the lowest estimate coming in at $291.79 million. The company is expected to report its next earnings results on Wednesday, February 14th.
On average, analysts expect that Select Energy Services will report full year sales of $294.60 million for the current year, with estimates ranging from $680.04 million to $687.90 million. For the next financial year, analysts forecast that the company will report sales of $1.63 billion per share, with estimates ranging from $1.51 billion to $1.70 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Select Energy Services.
WTTR has been the subject of several analyst reports. B. Riley reaffirmed a “buy” rating and set a $21.00 price target on shares of Select Energy Services in a research note on Monday, November 13th. Piper Jaffray Companies reissued a “buy” rating and set a $20.00 target price on shares of Select Energy Services in a research note on Friday, November 10th. Bank of America reissued a “buy” rating and set a $20.00 target price on shares of Select Energy Services in a research note on Friday, December 8th. Zacks Investment Research raised shares of Select Energy Services from a “sell” rating to a “hold” rating and set a $17.00 target price for the company in a research note on Wednesday, November 15th. Finally, Citigroup raised shares of Select Energy Services from a “sell” rating to a “neutral” rating and set a $17.00 target price for the company in a research note on Tuesday, February 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $19.33.
Institutional investors and hedge funds have recently bought and sold shares of the business. New York State Common Retirement Fund bought a new stake in Select Energy Services in the second quarter valued at $102,000. First Dallas Securities Inc. bought a new stake in Select Energy Services in the fourth quarter valued at $136,000. Strs Ohio increased its stake in Select Energy Services by 185.2% in the fourth quarter. Strs Ohio now owns 7,700 shares of the company’s stock valued at $140,000 after purchasing an additional 5,000 shares in the last quarter. Alliancebernstein L.P. bought a new stake in Select Energy Services in the second quarter valued at $141,000. Finally, Metropolitan Life Insurance Co. NY bought a new stake in Select Energy Services in the fourth quarter valued at $176,000. 39.07% of the stock is owned by hedge funds and other institutional investors.
Select Energy Services (NYSE:WTTR) traded down $0.04 during midday trading on Friday, hitting $15.80. 247,503 shares of the company traded hands, compared to its average volume of 417,768. Select Energy Services has a twelve month low of $11.22 and a twelve month high of $21.96. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.84 and a quick ratio of 2.83. The firm has a market cap of $1,680.00 and a price-to-earnings ratio of 3.95.
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About Select Energy Services
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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