$0.05 Earnings Per Share Expected for Select Energy Services, Inc. (NYSE:WTTR) This Quarter

Equities research analysts expect Select Energy Services, Inc. (NYSE:WTTRGet Rating) to report earnings per share of $0.05 for the current quarter, Zacks reports. Two analysts have made estimates for Select Energy Services’ earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at $0.04. Select Energy Services posted earnings of ($0.19) per share during the same quarter last year, which indicates a positive year over year growth rate of 126.3%. The business is expected to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Select Energy Services will report full-year earnings of $0.25 per share for the current year. For the next financial year, analysts forecast that the firm will report earnings of $0.57 per share, with EPS estimates ranging from $0.55 to $0.59. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Select Energy Services.

Select Energy Services (NYSE:WTTRGet Rating) last announced its earnings results on Tuesday, February 22nd. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The firm had revenue of $255.13 million during the quarter, compared to the consensus estimate of $230.07 million. Select Energy Services had a negative return on equity of 5.29% and a negative net margin of 1.35%.

WTTR has been the subject of a number of recent research reports. Piper Sandler boosted 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. Zacks Investment Research downgraded shares of Select Energy Services from a “buy” rating to a “hold” rating and set a $9.00 target price for the company. in a report on Thursday.

Institutional investors and hedge funds have recently bought and sold shares of the company. Dorsey Wright & Associates acquired a new position in Select Energy Services in the 1st quarter worth approximately $39,000. Campbell & CO Investment Adviser LLC acquired a new position in Select Energy Services in the 1st quarter worth approximately $102,000. Teacher Retirement System of Texas acquired a new position in Select Energy Services in the 4th quarter worth approximately $78,000. Aigen Investment Management LP acquired a new position in Select Energy Services in the 1st quarter worth approximately $111,000. Finally, ProShare Advisors LLC acquired a new position in Select Energy Services in the 4th quarter worth approximately $84,000. Hedge funds and other institutional investors own 63.30% of the company’s stock.

Shares of Select Energy Services stock opened at $7.83 on Friday. The company has a market capitalization of $895.22 million, a PE ratio of -48.94 and a beta of 2.35. The company has a 50-day simple moving average of $8.32 and a two-hundred day simple moving average of $7.40. Select Energy Services has a one year low of $4.88 and a one year high of $10.43.

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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