Wall Street analysts forecast that Select Energy Services Inc (NYSE:WTTR) will report sales of $294.60 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Select Energy Services’ earnings, with estimates ranging from $291.79 million to $299.60 million. The company is expected to issue its next earnings results after the market closes on Wednesday, March 7th.
According to Zacks, analysts expect that Select Energy Services will report full year sales of $294.60 million for the current fiscal year, with estimates ranging from $680.04 million to $687.90 million. For the next year, analysts expect that the business will report sales of $1.63 billion per share, with estimates ranging from $1.51 billion to $1.70 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Select Energy Services.
Several brokerages recently issued reports on WTTR. Wells Fargo & Co reissued an “outperform” rating and issued a $20.00 price objective on shares of Select Energy Services in a research note on Tuesday, November 28th. B. Riley reissued a “buy” rating on shares of Select Energy Services in a research note on Wednesday, November 1st. ValuEngine downgraded Select Energy Services from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Citigroup raised Select Energy Services from a “sell” rating to a “neutral” rating and set a $17.00 price objective for the company in a research note on Tuesday, February 13th. Finally, Zacks Investment Research downgraded Select Energy Services from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $19.33.
Hedge funds have recently modified their holdings of the business. Simmons L E & Associates Inc. acquired a new position in Select Energy Services in the 4th quarter worth about $295,330,000. Principal Financial Group Inc. acquired a new position in Select Energy Services in the 3rd quarter worth about $5,421,000. Wells Fargo & Company MN increased its position in Select Energy Services by 555.8% in the 3rd quarter. Wells Fargo & Company MN now owns 39,823 shares of the company’s stock worth $633,000 after purchasing an additional 33,751 shares during the last quarter. K.J. Harrison & Partners Inc acquired a new position in Select Energy Services in the 3rd quarter worth about $252,000. Finally, FMR LLC acquired a new position in Select Energy Services in the 2nd quarter worth about $3,069,000. 39.07% of the stock is currently owned by institutional investors.
Shares of Select Energy Services (NYSE WTTR) traded up $0.06 during trading on Friday, reaching $15.51. The company had a trading volume of 161,453 shares, compared to its average volume of 403,138. The stock has a market cap of $1,640.00 and a P/E ratio of 3.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.83 and a current ratio of 2.84. Select Energy Services has a 1 year low of $11.22 and a 1 year high of $21.96.
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Select Energy Services 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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