Select Energy Services (WTTR) Reaches New 1-Year Low at $9.07

Select Energy Services Inc (NYSE:WTTR) hit a new 52-week low on Thursday . The stock traded as low as $9.07 and last traded at $9.14, with a volume of 420503 shares. The stock had previously closed at $9.60.

WTTR has been the topic of several research reports. Johnson Rice initiated coverage on Select Energy Services in a report on Friday, October 5th. They set an “accumulate” rating and a $16.00 price objective on the stock. ValuEngine downgraded Select Energy Services from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th. JPMorgan Chase & Co. reduced their price objective on Select Energy Services from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, September 17th. Citigroup reduced their price objective on Select Energy Services from $15.50 to $14.00 and set a “neutral” rating on the stock in a report on Friday, September 14th. Finally, B. Riley set a $22.00 price objective on Select Energy Services and gave the stock a “buy” rating in a report on Sunday, October 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $18.08.

The firm has a market capitalization of $1.02 billion, a P/E ratio of 11.23 and a beta of 2.22. The company has a quick ratio of 2.27, a current ratio of 2.51 and a debt-to-equity ratio of 0.07.

Select Energy Services (NYSE:WTTR) last released its quarterly earnings data on Tuesday, November 6th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. The company had revenue of $396.97 million for the quarter, compared to the consensus estimate of $406.52 million. Select Energy Services had a return on equity of 4.95% and a net margin of 2.80%. Select Energy Services’s quarterly revenue was up 158.0% on a year-over-year basis. During the same period last year, the business posted $0.04 EPS. On average, analysts forecast that Select Energy Services Inc will post 0.88 EPS for the current year.

In other news, CAO Gary Gillette sold 20,000 shares of Select Energy Services stock in a transaction on Monday, November 19th. The stock was sold at an average price of $10.62, for a total value of $212,400.00. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 8.29% of the company’s stock.

Several large investors have recently made changes to their positions in WTTR. BlackRock Inc. increased its holdings in shares of Select Energy Services by 84.5% in the 2nd quarter. BlackRock Inc. now owns 3,079,612 shares of the company’s stock valued at $44,746,000 after acquiring an additional 1,410,240 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Select Energy Services by 176.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,150,123 shares of the company’s stock valued at $13,617,000 after acquiring an additional 733,428 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Select Energy Services by 20.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,812,102 shares of the company’s stock valued at $55,390,000 after acquiring an additional 659,270 shares during the period. American Financial Group Inc. increased its holdings in shares of Select Energy Services by 61.8% in the 2nd quarter. American Financial Group Inc. now owns 1,413,948 shares of the company’s stock valued at $20,544,000 after acquiring an additional 540,140 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Select Energy Services by 25.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,443,949 shares of the company’s stock valued at $28,936,000 after acquiring an additional 493,803 shares during the period. Institutional investors and hedge funds own 56.48% of the company’s stock.

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Select Energy Services Company Profile (NYSE:WTTR)

Select Energy Services, Inc, an oilfield services company, provides water management and chemical solutions to the unconventional oil and 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 hose; 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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