B. Riley Reiterates Buy Rating for Select Energy Services (WTTR)

B. Riley reissued their buy rating on shares of Select Energy Services (NYSE:WTTR) in a research note published on Wednesday. B. Riley also issued estimates for Select Energy Services’ Q1 2019 earnings at $0.16 EPS, Q2 2019 earnings at $0.22 EPS, Q3 2019 earnings at $0.30 EPS, Q4 2019 earnings at $0.31 EPS, FY2019 earnings at $0.99 EPS and FY2020 earnings at $1.41 EPS.

Several other equities analysts have also weighed in on the company. Johnson Rice started coverage on Select Energy Services in a report on Friday, October 5th. They set an accumulate rating and a $16.00 price objective for the company. Credit Suisse Group set a $17.00 price target on Select Energy Services and gave the stock a buy rating in a report on Friday, November 9th. Citigroup raised Select Energy Services from a neutral rating to a buy rating and raised their price target for the stock from $14.00 to $15.00 in a report on Monday, November 19th. Wells Fargo & Co set a $14.00 price target on Select Energy Services and gave the stock a buy rating in a report on Monday, October 15th. Finally, Zacks Investment Research lowered Select Energy Services from a hold rating to a strong sell rating in a report on Wednesday, October 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $17.91.

Shares of NYSE WTTR opened at $8.71 on Wednesday. Select Energy Services has a 1-year low of $6.05 and a 1-year high of $21.96. The firm has a market cap of $908.95 million, a price-to-earnings ratio of 10.89 and a beta of 2.65. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.51 and a quick ratio of 2.27.

Select Energy Services (NYSE:WTTR) last announced its quarterly earnings data on Tuesday, November 6th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. Select Energy Services had a return on equity of 4.95% and a net margin of 2.80%. The business had revenue of $396.97 million during the quarter, compared to analyst estimates of $406.52 million. During the same period in the prior year, the company earned $0.04 earnings per share. Select Energy Services’s revenue was up 158.0% compared to the same quarter last year. Analysts anticipate that Select Energy Services will post 0.87 earnings per share for the current year.

In other news, CAO Gary Gillette sold 20,000 shares of the firm’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $10.62, for a total value of $212,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.29% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd bought a new stake in Select Energy Services during the third quarter valued at $100,000. Metropolitan Life Insurance Co. NY boosted its stake in Select Energy Services by 61.2% during the second quarter. Metropolitan Life Insurance Co. NY now owns 15,515 shares of the company’s stock valued at $225,000 after buying an additional 5,890 shares during the period. Voya Investment Management LLC boosted its stake in Select Energy Services by 49.5% during the second quarter. Voya Investment Management LLC now owns 17,137 shares of the company’s stock valued at $249,000 after buying an additional 5,673 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Select Energy Services during the third quarter valued at $208,000. Finally, MetLife Investment Advisors LLC boosted its stake in Select Energy Services by 57.0% during the second quarter. MetLife Investment Advisors LLC now owns 21,969 shares of the company’s stock valued at $319,000 after buying an additional 7,972 shares during the period. 56.48% of the stock is owned by institutional investors.

About Select Energy Services

Select Energy Services, Inc, an oilfield services company, provides water management and chemical solutions to the unconventional oil and 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 hose; 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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Analyst Recommendations for Select Energy Services (NYSE:WTTR)

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