Select Energy Services Inc (NYSE:WTTR) has been assigned a consensus recommendation of “Buy” from the nine research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $13.29.
A number of equities research analysts recently weighed in on the stock. ValuEngine upgraded shares of Select Energy Services from a “sell” rating to a “hold” rating in a research note on Saturday, November 23rd. TheStreet lowered shares of Select Energy Services from a “c-” rating to a “d+” rating in a research note on Tuesday, September 3rd. Royal Bank of Canada reissued a “buy” rating and set a $10.00 target price on shares of Select Energy Services in a report on Thursday, August 8th. Finally, Wells Fargo & Co dropped their target price on Select Energy Services from $10.50 to $10.00 and set a “market perform” rating on the stock in a report on Thursday, September 12th.
A number of large investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC acquired a new stake in shares of Select Energy Services during the second quarter worth $25,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Select Energy Services by 79.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,845 shares of the company’s stock worth $33,000 after buying an additional 1,697 shares during the period. New York State Teachers Retirement System acquired a new stake in Select Energy Services during the 3rd quarter worth about $34,000. Oppenheimer Asset Management Inc. purchased a new stake in Select Energy Services during the second quarter valued at about $55,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in Select Energy Services during the second quarter valued at about $139,000. 57.64% of the stock is currently owned by hedge funds and other institutional investors.
Select Energy Services (NYSE:WTTR) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.03). Select Energy Services had a negative net margin of 0.06% and a positive return on equity of 3.57%. The business had revenue of $329.00 million for the quarter, compared to the consensus estimate of $314.57 million. During the same period last year, the firm posted $0.29 EPS. The business’s quarterly revenue was down 17.1% on a year-over-year basis. Analysts anticipate that Select Energy Services will post 0.3 earnings per share for the current year.
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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