Select Energy Services Inc (NYSE:WTTR) Expected to Announce Earnings of $0.17 Per Share

Wall Street analysts predict that Select Energy Services Inc (NYSE:WTTR) will report earnings of $0.17 per share for the current quarter, according to Zacks. Five analysts have made estimates for Select Energy Services’ earnings. The highest EPS estimate is $0.19 and the lowest is $0.16. Select Energy Services posted earnings per share of $0.24 in the same quarter last year, which indicates a negative year-over-year growth rate of 29.2%. The company is scheduled to issue its next quarterly earnings report on Thursday, August 8th.

On average, analysts expect that Select Energy Services will report full-year earnings of $0.68 per share for the current fiscal year, with EPS estimates ranging from $0.58 to $0.76. For the next fiscal year, analysts expect that the company will report earnings of $1.29 per share, with EPS estimates ranging from $0.95 to $1.66. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Select Energy Services.

Select Energy Services (NYSE:WTTR) last announced its earnings results on Tuesday, May 7th. The company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. Select Energy Services had a net margin of 1.82% and a return on equity of 6.11%. The company had revenue of $362.65 million during the quarter, compared to the consensus estimate of $360.60 million.

WTTR has been the subject of several recent analyst reports. Piper Jaffray Companies set a $14.00 target price on shares of Select Energy Services and gave the company a “buy” rating in a research note on Tuesday, March 5th. ValuEngine upgraded shares of Select Energy Services from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 12th. Zacks Investment Research restated a “buy” rating and set a $13.00 target price on shares of Select Energy Services in a report on Saturday, May 11th. TheStreet raised shares of Select Energy Services from a “d+” rating to a “c-” rating in a research report on Thursday, May 16th. Finally, B. Riley set a $19.00 price objective on shares of Select Energy Services and gave the company a “buy” rating in a research report on Monday, May 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $15.70.

Shares of WTTR traded down $1.29 on Tuesday, reaching $10.60. 721,700 shares of the company’s stock were exchanged, compared to its average volume of 519,793. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.24 and a quick ratio of 2.02. The stock has a market cap of $1.26 billion, a PE ratio of 12.33 and a beta of 2.66. The stock’s 50 day simple moving average is $11.51. Select Energy Services has a 12 month low of $6.05 and a 12 month high of $15.85.

In related news, EVP Mitchell Shauf sold 20,000 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $11.14, for a total value of $222,800.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. 9.22% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc boosted its stake in Select Energy Services by 19.4% in the fourth quarter. Legal & General Group Plc now owns 8,152 shares of the company’s stock worth $51,000 after buying an additional 1,326 shares in the last quarter. NumerixS Investment Technologies Inc raised its holdings in shares of Select Energy Services by 22.8% during the fourth quarter. NumerixS Investment Technologies Inc now owns 11,300 shares of the company’s stock valued at $73,000 after acquiring an additional 2,100 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in shares of Select Energy Services by 356.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 15,515 shares of the company’s stock valued at $98,000 after acquiring an additional 12,117 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Select Energy Services by 579.6% during the first quarter. BNP Paribas Arbitrage SA now owns 9,617 shares of the company’s stock valued at $116,000 after acquiring an additional 8,202 shares in the last quarter. Finally, CoreCommodity Management LLC bought a new position in shares of Select Energy Services during the fourth quarter valued at approximately $125,000. Institutional investors own 57.78% 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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Earnings History and Estimates for Select Energy Services (NYSE:WTTR)

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