Zacks: Brokerages Anticipate Select Energy Services Inc (WTTR) Will Announce Quarterly Sales of $294.60 Million
Wall Street brokerages forecast that Select Energy Services Inc (NYSE:WTTR) will announce $294.60 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Select Energy Services’ earnings, with estimates ranging from $291.79 million to $299.60 million. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 14th.
On average, analysts expect that Select Energy Services will report full year sales of $294.60 million for the current financial year, with estimates ranging from $680.04 million to $687.90 million. For the next fiscal year, analysts forecast that the firm will report sales of $1.63 billion per share, with estimates ranging from $1.51 billion to $1.70 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Select Energy Services.
Select Energy Services (NYSE:WTTR) last released its earnings results on Wednesday, November 8th. The company reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.01. Select Energy Services had a negative return on equity of 6.04% and a negative net margin of 6.18%. The firm had revenue of $153.90 million during the quarter, compared to analysts’ expectations of $147.65 million. During the same period in the previous year, the firm posted ($0.28) EPS. Select Energy Services’s revenue for the quarter was up 108.3% on a year-over-year basis.
Large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. acquired a new position in shares of Select Energy Services during the 3rd quarter worth about $5,421,000. Royal Bank of Canada purchased a new stake in shares of Select Energy Services in the 2nd quarter valued at about $7,526,000. Point72 Europe London LLP purchased a new stake in shares of Select Energy Services in the 2nd quarter valued at about $1,694,000. K.J. Harrison & Partners Inc purchased a new stake in shares of Select Energy Services in the 3rd quarter valued at about $252,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Select Energy Services in the 2nd quarter valued at about $348,000. 22.30% of the stock is owned by institutional investors and hedge funds.
Select Energy Services (WTTR) opened at $20.90 on Friday. Select Energy Services has a one year low of $11.22 and a one year high of $20.97. The company has a quick ratio of 2.83, a current ratio of 2.84 and a debt-to-equity ratio of 0.04.
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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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