Boothbay Fund Management LLC bought a new stake in Select Egy Svcs (NYSE:WTTR) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 25,000 shares of the company’s stock, valued at approximately $398,000.
A number of other institutional investors have also recently made changes to their positions in WTTR. Crestview Partners II GP L.P. acquired a new position in shares of Select Egy Svcs during the 2nd quarter worth approximately $46,206,000. Royal Bank of Canada bought a new position in shares of Select Egy Svcs during the 2nd quarter worth approximately $7,526,000. Point72 Europe London LLP bought a new position in shares of Select Egy Svcs during the 2nd quarter worth approximately $1,694,000. K.J. Harrison & Partners Inc bought a new position in shares of Select Egy Svcs during the 3rd quarter worth approximately $252,000. Finally, Citadel Advisors LLC bought a new position in shares of Select Egy Svcs during the 2nd quarter worth approximately $348,000. 22.30% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently commented on WTTR. B. Riley reiterated a “buy” rating on shares of Select Egy Svcs in a research note on Wednesday, November 1st. Bank of America reiterated a “buy” rating and set a $20.00 target price on shares of Select Egy Svcs in a research note on Friday. BidaskClub downgraded Select Egy Svcs from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. FBR & Co reiterated a “buy” rating on shares of Select Egy Svcs in a research note on Friday, September 8th. Finally, J P Morgan Chase & Co reduced 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Select Egy Svcs presently has an average rating of “Buy” and a consensus price target of $18.78.
Select Egy Svcs (NYSE WTTR) traded down $0.31 on Monday, reaching $15.67. The company had a trading volume of 484,100 shares, compared to its average volume of 298,401. Select Egy Svcs has a twelve month low of $11.22 and a twelve month high of $17.37. The company has a quick ratio of 2.83, a current ratio of 2.84 and a debt-to-equity ratio of 0.04.
Select Egy Svcs (NYSE:WTTR) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.01. The business 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%. The firm’s quarterly revenue was up 108.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.28) EPS. research analysts expect that Select Egy Svcs will post 0.14 EPS for the current fiscal year.
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Select Egy Svcs 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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