Select Energy Services (NYSE:WTTR) is scheduled to be announcing its earnings results after the market closes on Tuesday, August 4th. Analysts expect the company to announce earnings of ($0.32) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Select Energy Services (NYSE:WTTR) last posted its earnings results on Tuesday, May 5th. The company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.47. The company had revenue of $278.29 million during the quarter, compared to analysts’ expectations of $278.70 million. Select Energy Services had a negative net margin of 20.23% and a positive return on equity of 3.82%. On average, analysts expect Select Energy Services to post $0 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Shares of WTTR stock opened at $4.44 on Friday. The company’s fifty day simple moving average is $4.81 and its two-hundred day simple moving average is $5.23. Select Energy Services has a 52 week low of $2.22 and a 52 week high of $10.50. The stock has a market cap of $457.63 million, a P/E ratio of -1.57 and a beta of 3.04. The company has a quick ratio of 2.81, a current ratio of 3.10 and a debt-to-equity ratio of 0.08.
Several brokerages have recently issued reports on WTTR. ValuEngine raised Select Energy Services from a “hold” rating to a “buy” rating in a report on Tuesday, June 9th. Royal Bank of Canada reaffirmed a “buy” rating and set a $7.00 price objective on shares of Select Energy Services in a report on Thursday, June 4th. B. Riley lowered their target price on Select Energy Services from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Citigroup reduced their price target on shares of Select Energy Services from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 8th. Finally, Piper Sandler dropped their price objective on shares of Select Energy Services from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Monday, April 6th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $5.91.
Select Energy Services Company Profile
Select Energy Services, Inc, an oilfield services company, provides water management and chemical solutions to the onshore oil and natural 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 pipe; 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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