FBR & Co Comments on Select Energy Services Inc’s Q3 2017 Earnings (WTTR)
Select Energy Services Inc (NASDAQ:WTTR) – Investment analysts at FBR & Co issued their Q3 2017 earnings per share (EPS) estimates for Select Energy Services in a research note issued on Wednesday. FBR & Co analyst T. Curran expects that the company will earn $0.04 per share for the quarter. FBR & Co currently has a “Buy” rating on the stock. FBR & Co also issued estimates for Select Energy Services’ Q4 2017 earnings at $0.07 EPS and FY2017 earnings at $0.02 EPS.
Several other equities research analysts have also recently commented on the company. Citigroup Inc. set a $18.00 target price on Select Energy Services and gave the company a “buy” rating in a research note on Friday, July 21st. Zacks Investment Research cut shares of Select Energy Services from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. J P Morgan Chase & Co decreased their price target on shares of Select Energy Services from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, September 12th. Finally, BidaskClub upgraded shares of Select Energy Services from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $18.86.
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Select Energy Services (NASDAQ WTTR) opened at 15.51 on Monday. The stock’s 50 day moving average is $15.07 and its 200-day moving average is $14.35. The firm has a market cap of $470.12 million and a price-to-earnings ratio of 0.96. Select Energy Services has a 12 month low of $11.22 and a 12 month high of $17.25.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Crestview Partners II GP L.P. bought a new position in shares of Select Energy Services in the 2nd quarter valued at about $46,206,000. Bank of New York Mellon Corp acquired a new position in Select Energy Services during the second quarter valued at approximately $7,987,000. Royal Bank of Canada acquired a new position in Select Energy Services during the second quarter valued at approximately $7,526,000. Teacher Retirement System of Texas acquired a new position in Select Energy Services during the second quarter valued at approximately $7,290,000. Finally, Hodges Capital Management Inc. acquired a new position in Select Energy Services during the second quarter valued at approximately $7,285,000.
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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