Select Energy Services, Inc. (NYSE:WTTR) Expected to Announce Quarterly Sales of $272.92 Million

Brokerages expect that Select Energy Services, Inc. (NYSE:WTTRGet Rating) will post $272.92 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Select Energy Services’ earnings, with estimates ranging from $272.00 million to $273.84 million. Select Energy Services posted sales of $143.74 million in the same quarter last year, which suggests a positive year over year growth rate of 89.9%. The company is expected to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Select Energy Services will report full-year sales of $1.18 billion for the current financial year, with estimates ranging from $1.18 billion to $1.19 billion. For the next financial year, analysts expect that the company will post sales of $1.39 billion, with estimates ranging from $1.33 billion to $1.45 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Select Energy Services.

A number of research firms have recently commented on WTTR. Zacks Investment Research lowered Select Energy Services from a “buy” rating to a “hold” rating in a research report on Thursday, March 10th. Piper Sandler increased their price objective on Select Energy Services from $8.25 to $11.00 and gave the stock a “neutral” rating in a report on Monday, March 7th.

Shares of WTTR traded up $0.10 during trading hours on Friday, hitting $8.83. 388,512 shares of the stock traded hands, compared to its average volume of 433,379. The firm has a market capitalization of $954.70 million, a PE ratio of -17.66 and a beta of 2.46. The business has a fifty day moving average of $8.46 and a 200-day moving average of $7.06. Select Energy Services has a 1-year low of $4.37 and a 1-year high of $10.43.

Large investors have recently bought and sold shares of the stock. First Trust Advisors LP grew its stake 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 valued at $4,031,000 after purchasing an additional 200,158 shares in the last quarter. Morgan Stanley grew its stake in Select Energy Services by 40.2% in the second quarter. Morgan Stanley now owns 309,811 shares of the company’s stock valued at $1,872,000 after purchasing an additional 88,899 shares in the last quarter. SG Americas Securities LLC grew its stake in Select Energy Services by 252.6% in the third quarter. SG Americas Securities LLC now owns 48,172 shares of the company’s stock valued at $250,000 after purchasing an additional 34,509 shares in the last quarter. Van ECK Associates Corp grew its stake in Select Energy Services by 24.8% in the third quarter. Van ECK Associates Corp now owns 6,259,409 shares of the company’s stock valued at $32,486,000 after purchasing an additional 1,242,451 shares in the last quarter. Finally, Advisory Services Network LLC grew its stake in Select Energy Services by 25.2% in the third quarter. Advisory Services Network LLC now owns 11,425 shares of the company’s stock valued at $59,000 after purchasing an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 59.93% of the company’s stock.

Select Energy Services Company Profile (Get Rating)

Select Energy Services, Inc, an oilfield services company, provides water management and chemical solutions to the onshore oil and gas industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Oilfield Chemicals. The Water Services segment provides water-related services, including water transfer, flow back and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various on-site rental equipment and workforce accommodation services.

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