Select Energy Services, Inc. (NYSE:WTTR) Expected to Post Earnings of -$0.07 Per Share

Brokerages expect Select Energy Services, Inc. (NYSE:WTTR) to post ($0.07) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Select Energy Services’ earnings. Select Energy Services posted earnings per share of ($0.36) during the same quarter last year, which would suggest a positive year over year growth rate of 80.6%. The business is expected to announce its next quarterly earnings report on Tuesday, November 2nd.

According to Zacks, analysts expect that Select Energy Services will report full-year earnings of ($0.59) per share for the current year, with EPS estimates ranging from ($0.62) to ($0.55). For the next year, analysts forecast that the business will post earnings of $0.02 per share, with EPS estimates ranging from ($0.03) to $0.06. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Select Energy Services.

Select Energy Services (NYSE:WTTR) last announced its earnings results on Tuesday, August 3rd. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.07). Select Energy Services had a negative net margin of 16.35% and a negative return on equity of 12.33%. The firm had revenue of $161.12 million for the quarter, compared to analyst estimates of $165.05 million.

A number of research firms have recently issued reports on WTTR. Seaport Res Ptn restated a “buy” rating on shares of Select Energy Services in a research report on Thursday, July 15th. Seaport Global Securities began coverage on Select Energy Services in a research report on Thursday, July 15th. They issued a “buy” rating and a $5.75 price target for the company. Finally, Zacks Investment Research lowered Select Energy Services from a “hold” rating to a “sell” rating in a research report on Friday, August 13th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.99.

A number of institutional investors have recently modified their holdings of WTTR. First Trust Advisors LP grew its position in Select Energy Services by 148.0% in the first quarter. First Trust Advisors LP now owns 335,367 shares of the company’s stock worth $4,031,000 after acquiring an additional 200,158 shares during the period. Alliancebernstein L.P. grew its position in Select Energy Services by 4.8% in the first quarter. Alliancebernstein L.P. now owns 121,685 shares of the company’s stock worth $606,000 after acquiring an additional 5,613 shares during the period. Swiss National Bank grew its position in Select Energy Services by 2.1% in the first quarter. Swiss National Bank now owns 138,800 shares of the company’s stock worth $691,000 after acquiring an additional 2,800 shares during the period. BNP Paribas Arbitrage SA grew its position in Select Energy Services by 180.4% in the first quarter. BNP Paribas Arbitrage SA now owns 30,098 shares of the company’s stock worth $150,000 after acquiring an additional 19,365 shares during the period. Finally, BlackRock Inc. grew its position in Select Energy Services by 9.8% in the first quarter. BlackRock Inc. now owns 5,552,415 shares of the company’s stock worth $27,652,000 after acquiring an additional 494,702 shares during the period. Institutional investors own 58.42% of the company’s stock.

Shares of Select Energy Services stock traded up $0.26 during mid-day trading on Monday, reaching $5.62. 29,768 shares of the stock traded hands, compared to its average volume of 452,574. The business has a 50-day moving average of $5.46 and a 200 day moving average of $5.64. Select Energy Services has a fifty-two week low of $2.80 and a fifty-two week high of $7.58. The stock has a market capitalization of $606.86 million, a PE ratio of -5.20 and a beta of 2.80.

Select Energy Services Company Profile

Select Energy Services Inc engages in the provision of water management and chemical solutions. It operates through the following business segments: Water Services, Oilfield Chemicals, and Water Infrastructure. The Water Services segment consists of services businesses, including water transfer, flowback and well testing, fluids hauling, water containment and water network automation, primarily serving E&P companies.

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Earnings History and Estimates for Select Energy Services (NYSE:WTTR)

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