$0.10 EPS Expected for Select Energy Services Inc (NYSE:WTTR) This Quarter

Equities research analysts expect Select Energy Services Inc (NYSE:WTTR) to post $0.10 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Select Energy Services’ earnings. The highest EPS estimate is $0.15 and the lowest is $0.07. Select Energy Services posted earnings per share of $0.29 in the same quarter last year, which indicates a negative year-over-year growth rate of 65.5%. The company is expected to report its next earnings report after the market closes on Wednesday, November 6th.

On average, analysts expect that Select Energy Services will report full year earnings of $0.27 per share for the current financial year, with EPS estimates ranging from $0.18 to $0.41. For the next financial year, analysts forecast that the firm will report earnings of $0.79 per share, with EPS estimates ranging from $0.36 to $1.42. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Select Energy Services.

Select Energy Services (NYSE:WTTR) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.09). The firm had revenue of $323.90 million during the quarter, compared to analysts’ expectations of $357.28 million. Select Energy Services had a return on equity of 5.12% and a net margin of 1.16%. The company’s revenue for the quarter was down 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 earnings per share.

Several brokerages recently weighed in on WTTR. ValuEngine upgraded Select Energy Services from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada reiterated a “buy” rating and set a $10.00 price target on shares of Select Energy Services in a research report on Thursday, August 8th. Wells Fargo & Co reduced their price target on Select Energy Services from $10.50 to $10.00 and set a “market perform” rating for the company in a research report on Thursday, September 12th. Finally, TheStreet cut Select Energy Services from a “c-” rating to a “d+” rating in a research report on Tuesday, September 3rd. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Select Energy Services has an average rating of “Buy” and a consensus target price of $13.50.

WTTR stock traded down $0.19 during trading on Thursday, hitting $7.27. 460,165 shares of the company traded hands, compared to its average volume of 360,740. The stock’s 50-day simple moving average is $8.36 and its 200 day simple moving average is $10.18. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.56 and a quick ratio of 2.32. The company has a market cap of $792.27 million, a PE ratio of 10.36 and a beta of 2.73. Select Energy Services has a 1 year low of $6.05 and a 1 year high of $12.75.

A number of hedge funds have recently made changes to their positions in WTTR. BlackRock Inc. increased its position in shares of Select Energy Services by 16.6% in the second quarter. BlackRock Inc. now owns 4,244,866 shares of the company’s stock valued at $49,283,000 after buying an additional 605,650 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Select Energy Services by 7.9% in the second quarter. Vanguard Group Inc. now owns 2,713,036 shares of the company’s stock valued at $31,499,000 after buying an additional 198,125 shares in the last quarter. Jennison Associates LLC increased its position in shares of Select Energy Services by 0.3% in the second quarter. Jennison Associates LLC now owns 756,778 shares of the company’s stock valued at $8,786,000 after buying an additional 2,505 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Select Energy Services by 4,711.8% in the second quarter. JPMorgan Chase & Co. now owns 649,982 shares of the company’s stock valued at $7,637,000 after buying an additional 636,474 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Select Energy Services by 5.5% in the second quarter. Northern Trust Corp now owns 612,038 shares of the company’s stock valued at $7,106,000 after buying an additional 31,668 shares in the last quarter. Institutional investors own 59.44% 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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