Analysts forecast that Select Energy Services Inc (NYSE:WTTR) will report earnings per share (EPS) of $0.16 for the current quarter, Zacks reports. Five analysts have issued estimates for Select Energy Services’ earnings, with estimates ranging from $0.11 to $0.22. Select Energy Services reported earnings per share of $0.29 in the same quarter last year, which would suggest a negative year-over-year growth rate of 44.8%. The company is scheduled to issue its next earnings results on Tuesday, November 5th.

On average, analysts expect that Select Energy Services will report full year earnings of $0.49 per share for the current year, with EPS estimates ranging from $0.30 to $0.66. For the next financial year, analysts forecast that the company will report earnings of $0.96 per share, with EPS estimates ranging from $0.70 to $1.42. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Select Energy Services.

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

A number of research analysts have recently weighed in on the stock. Zacks Investment Research reissued a “buy” rating and set a $13.00 price objective on shares of Select Energy Services in a research note on Saturday, May 11th. ValuEngine cut shares of Select Energy Services from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 2nd. B. Riley set a $19.00 price objective on shares of Select Energy Services and gave the stock a “buy” rating in a research note on Monday, May 20th. TheStreet raised shares of Select Energy Services from a “d+” rating to a “c-” rating in a research note on Thursday, May 16th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $10.00 price objective on shares of Select Energy Services in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $13.89.

Hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC purchased a new stake in Select Energy Services in the 2nd quarter worth approximately $25,000. Oppenheimer Asset Management Inc. purchased a new stake in Select Energy Services in the 2nd quarter worth approximately $55,000. Legal & General Group Plc grew its stake in Select Energy Services by 19.4% in the 4th quarter. Legal & General Group Plc now owns 8,152 shares of the company’s stock worth $51,000 after acquiring an additional 1,326 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of Select Energy Services by 579.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 9,617 shares of the company’s stock valued at $116,000 after buying an additional 8,202 shares during the period. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of Select Energy Services during the 2nd quarter valued at $139,000. 56.94% of the stock is owned by hedge funds and other institutional investors.

Shares of WTTR traded down $0.30 during mid-day trading on Friday, reaching $8.25. 4,867 shares of the company’s stock were exchanged, compared to its average volume of 501,381. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.32 and a current ratio of 2.56. The stock’s 50-day simple moving average is $10.11. Select Energy Services has a 52-week low of $6.05 and a 52-week high of $13.95. The company has a market cap of $857.58 million, a P/E ratio of 9.62 and a beta of 2.64.

Select Energy Services Company Profile

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

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