Select Energy Services (NYSE:WTTR) posted its quarterly earnings data on Tuesday. The company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.02, Briefing.com reports. Select Energy Services had a net margin of 1.58% and a return on equity of 3.53%. The company had revenue of $396.97 million during the quarter, compared to the consensus estimate of $406.52 million. During the same quarter in the prior year, the company posted $0.04 EPS. The company’s quarterly revenue was up 158.0% compared to the same quarter last year.
WTTR traded up $1.22 on Wednesday, reaching $11.21. 723,014 shares of the company’s stock were exchanged, compared to its average volume of 570,800. The company has a market cap of $1.08 billion, a PE ratio of 14.01 and a beta of 2.21. Select Energy Services has a twelve month low of $9.11 and a twelve month high of $21.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.16 and a current ratio of 2.40.
A number of research analysts have recently commented on WTTR shares. Seaport Global Securities reaffirmed a “buy” rating and set a $27.00 price objective on shares of Select Energy Services in a research note on Monday, August 13th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Select Energy Services in a research note on Thursday, August 16th. TheStreet downgraded shares of Select Energy Services from a “c-” rating to a “d+” rating in a research note on Tuesday, September 25th. Zacks Investment Research downgraded shares of Select Energy Services from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 17th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Select Energy Services from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, September 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. Select Energy Services has an average rating of “Hold” and a consensus target price of $18.08.
In other Select Energy Services news, CFO Nick L. Swyka bought 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The stock was purchased at an average price of $13.64 per share, with a total value of $34,100.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 8.29% of the stock is currently owned by corporate insiders.
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About Select Energy Services
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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