Analysts expect that Select Energy Services Inc (NASDAQ:WTTR) will report $128.50 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Select Energy Services’ earnings. The lowest sales estimate is $126.42 million and the highest is $130.27 million. The business is scheduled to announce its next earnings results on Wednesday, August 16th.

According to Zacks, analysts expect that Select Energy Services will report full-year sales of $128.50 million for the current fiscal year, with estimates ranging from $489.27 million to $546.10 million. For the next financial year, analysts forecast that the firm will post sales of $767.71 million per share, with estimates ranging from $732.89 million to $789.60 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Select Energy Services.

Select Energy Services (NASDAQ:WTTR) last released its quarterly earnings results on Wednesday, May 17th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by $0.06. The firm had revenue of $99.90 million for the quarter, compared to analyst estimates of $100.17 million. Select Energy Services had a negative return on equity of 14.94% and a negative net margin of 12.29%. The firm’s revenue was up 15.2% on a year-over-year basis.

Several analysts have recently weighed in on the company. Wells Fargo & Company assumed coverage on Select Energy Services in a report on Friday, May 19th. They issued an “outperform” rating and a $20.00 price objective for the company. Credit Suisse Group assumed coverage on Select Energy Services in a report on Tuesday, May 16th. They issued an “outperform” rating and a $20.00 price objective for the company. Bank of America Corporation assumed coverage on Select Energy Services in a report on Tuesday, May 16th. They issued a “buy” rating and a $20.00 price objective for the company. Citigroup Inc. assumed coverage on Select Energy Services in a report on Tuesday, May 16th. They issued a “buy” rating and a $19.00 price objective for the company. Finally, J P Morgan Chase & Co assumed coverage on Select Energy Services in a report on Tuesday, May 16th. They issued a “neutral” rating and a $16.00 price objective for the company. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $19.86.

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Select Energy Services (WTTR) traded down 4.01% on Friday, hitting $11.48. The stock had a trading volume of 81,985 shares. Select Energy Services has a one year low of $11.43 and a one year high of $12.51. The company’s market cap is $161.67 million. The stock has a 50-day moving average of $12.10 and a 200-day moving average of $12.10.

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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Earnings History and Estimates for Select Energy Services (NASDAQ:WTTR)

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