B. Riley Financial Inc. trimmed its position in Select Egy Svcs (NYSE:WTTR) by 13.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 127,747 shares of the company’s stock after selling 19,853 shares during the period. B. Riley Financial Inc. owned 0.19% of Select Egy Svcs worth $2,033,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of WTTR. Crestview Partners II GP L.P. acquired a new position in Select Egy Svcs in the second quarter worth about $46,206,000. Teacher Retirement System of Texas grew its stake in Select Egy Svcs by 238.7% in the third quarter. Teacher Retirement System of Texas now owns 2,032,400 shares of the company’s stock worth $32,356,000 after purchasing an additional 1,432,400 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Select Egy Svcs by 194.5% in the third quarter. Bank of New York Mellon Corp now owns 1,936,223 shares of the company’s stock worth $30,825,000 after purchasing an additional 1,278,817 shares in the last quarter. Royal Bank of Canada acquired a new position in Select Egy Svcs in the second quarter worth about $7,526,000. Finally, Hodges Capital Management Inc. acquired a new position in Select Egy Svcs in the second quarter worth about $7,285,000. Institutional investors and hedge funds own 22.30% of the company’s stock.
A number of equities analysts have commented on the company. Citigroup downgraded Select Egy Svcs from a “buy” rating to a “sell” rating and decreased their target price for the company from $18.00 to $15.00 in a research note on Wednesday, September 27th. Zacks Investment Research downgraded Select Egy Svcs from a “hold” rating to a “sell” rating in a research note on Friday, September 15th. FBR & Co restated a “buy” rating on shares of Select Egy Svcs in a research note on Friday, September 8th. J P Morgan Chase & Co decreased their target price on Select Egy Svcs from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, September 12th. Finally, B. Riley restated a “buy” rating on shares of Select Egy Svcs in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $18.78.
Shares of Select Egy Svcs (WTTR) traded up $0.36 during mid-day trading on Tuesday, reaching $16.91. The company’s stock had a trading volume of 326,400 shares, compared to its average volume of 298,568. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.84 and a quick ratio of 2.83. Select Egy Svcs has a 12 month low of $11.22 and a 12 month high of $17.37.
Select Egy Svcs (NYSE:WTTR) last issued its earnings results on Wednesday, November 8th. The company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.01. The company had revenue of $153.90 million during the quarter, compared to the consensus estimate of $147.65 million. Select Egy Svcs had a negative return on equity of 6.04% and a negative net margin of 6.18%. Select Egy Svcs’s quarterly revenue was up 108.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.28) earnings per share. analysts predict that Select Egy Svcs will post 0.14 earnings per share for the current fiscal year.
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Select Egy Svcs 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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