Select Energy Services Inc (NASDAQ:WTTR) – Investment analysts at B. Riley lifted their Q4 2017 earnings per share (EPS) estimates for shares of Select Energy Services in a report released on Monday. B. Riley analyst T. Curran now anticipates that the company will post earnings per share of $0.10 for the quarter, up from their previous estimate of $0.07. B. Riley has a “Buy” rating and a $21.00 price objective on the stock. B. Riley also issued estimates for Select Energy Services’ Q1 2018 earnings at $0.10 EPS, Q2 2018 earnings at $0.19 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.34 EPS, Q1 2019 earnings at $0.26 EPS, Q2 2019 earnings at $0.27 EPS and Q3 2019 earnings at $0.28 EPS.
Several other research analysts have also weighed in on the stock. Citigroup Inc. set a $18.00 price objective on shares of Select Energy Services and gave the stock a “buy” rating in a report on Friday, July 21st. Zacks Investment Research downgraded shares of Select Energy Services from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. FBR & Co set a $23.00 price target on shares of Select Energy Services and gave the stock a “buy” rating in a research report on Tuesday, July 18th. J P Morgan Chase & Co reduced their price target on shares of Select Energy Services from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 12th. Finally, BidaskClub upgraded shares of Select Energy Services from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.00.
Select Energy Services (NASDAQ:WTTR) opened at $14.94 on Tuesday. Select Energy Services has a fifty-two week low of $11.22 and a fifty-two week high of $17.25.
Select Energy Services (NASDAQ:WTTR) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.01. The company had revenue of $153.90 million during the quarter, compared to analyst estimates of $147.65 million. Select Energy Services had a negative net margin of 7.80% and a negative return on equity of 11.02%. The firm’s revenue for the quarter was up 108.3% compared to the same quarter last year. During the same period last year, the business earned ($0.28) EPS.
Several institutional investors have recently bought and sold shares of WTTR. Skylands Capital LLC bought a new position in shares of Select Energy Services in the 2nd quarter worth about $531,000. Russell Investments Group Ltd. bought a new stake in Select Energy Services in the 2nd quarter valued at about $613,000. Spark Investment Management LLC bought a new stake in Select Energy Services in the 2nd quarter valued at about $1,545,000. Hodges Capital Management Inc. bought a new stake in Select Energy Services in the 2nd quarter valued at about $7,285,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in Select Energy Services in the 2nd quarter valued at about $192,000.
Select Energy Services 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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