Several other equities research analysts also recently weighed in on the company. TheStreet downgraded Select Energy Services from a c- rating to a d+ rating in a report on Tuesday, September 3rd. Wells Fargo & Co reduced their price target on Select Energy Services from $10.50 to $10.00 and set a market perform rating on the stock in a report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. Select Energy Services presently has an average rating of Buy and a consensus target price of $13.29.
Shares of NYSE:WTTR traded up $0.13 during trading on Friday, hitting $8.90. The company had a trading volume of 460,635 shares, compared to its average volume of 288,945. The stock has a market cap of $945.18 million, a price-to-earnings ratio of 10.35 and a beta of 2.66. Select Energy Services has a one year low of $6.05 and a one year high of $12.75. The company has a fifty day simple moving average of $7.78 and a two-hundred day simple moving average of $9.07. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.56 and a quick ratio of 2.32.
Select Energy Services (NYSE:WTTR) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.03). Select Energy Services had a positive return on equity of 3.57% and a negative net margin of 0.06%. The business had revenue of $329.00 million during the quarter, compared to analysts’ expectations of $314.57 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s quarterly revenue was down 17.1% compared to the same quarter last year. On average, equities research analysts anticipate that Select Energy Services will post 0.3 earnings per share for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WTTR. Parallel Advisors LLC purchased a new position in Select Energy Services during the 2nd quarter worth $25,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Select Energy Services by 79.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,845 shares of the company’s stock worth $33,000 after purchasing an additional 1,697 shares during the period. New York State Teachers Retirement System purchased a new position in Select Energy Services during the 3rd quarter worth $34,000. Oppenheimer Asset Management Inc. purchased a new position in Select Energy Services during the 2nd quarter worth $55,000. Finally, State Board of Administration of Florida Retirement System purchased a new position in Select Energy Services during the 2nd quarter worth $139,000. Institutional investors own 57.64% of the company’s stock.
About Select Energy Services
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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