Select Energy Services (WTTR) Scheduled to Post Quarterly Earnings on Tuesday

Select Energy Services (NYSE:WTTRGet Rating) will be posting its quarterly earnings results after the market closes on Tuesday, May 3rd. Analysts expect Select Energy Services to post earnings of ($0.01) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Select Energy Services (NYSE:WTTRGet Rating) last issued its quarterly earnings results on Tuesday, February 22nd. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). Select Energy Services had a negative net margin of 5.52% and a negative return on equity of 8.05%. The business had revenue of $255.13 million for the quarter, compared to analysts’ expectations of $230.07 million. 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 NYSE WTTR opened at $7.58 on Tuesday. Select Energy Services has a 1 year low of $4.73 and a 1 year high of $10.43. The stock has a market cap of $819.56 million, a PE ratio of -15.16 and a beta of 2.46. The company’s 50-day simple moving average is $8.60.

A number of institutional investors have recently modified their holdings of the business. Metropolitan Life Insurance Co NY raised its holdings in shares of Select Energy Services by 15.1% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 16,344 shares of the company’s stock valued at $102,000 after purchasing an additional 2,143 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Select Energy Services by 114.0% during the fourth quarter. Citigroup Inc. now owns 17,370 shares of the company’s stock valued at $108,000 after purchasing an additional 9,253 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Select Energy Services by 84.8% during the fourth quarter. Millennium Management LLC now owns 21,491 shares of the company’s stock valued at $134,000 after purchasing an additional 9,859 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of Select Energy Services by 186.2% during the fourth quarter. MetLife Investment Management LLC now owns 22,065 shares of the company’s stock valued at $137,000 after purchasing an additional 14,355 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new position in shares of Select Energy Services during the fourth quarter valued at approximately $202,000. 59.93% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Select Energy Services from a “buy” rating to a “hold” rating in a research report on Thursday, March 10th. Piper Sandler lifted their target price on shares of Select Energy Services from $8.25 to $11.00 and gave the stock a “neutral” rating in a report on Monday, March 7th.

About Select Energy Services (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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Earnings History for Select Energy Services (NYSE:WTTR)

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