Insider Selling: Select Energy Services Inc (NYSE:WTTR) CAO Sells $14,492.47 in Stock

Select Energy Services Inc (NYSE:WTTR) CAO Brian Szymanski sold 1,699 shares of Select Energy Services stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $8.53, for a total value of $14,492.47.

Shares of NYSE:WTTR opened at $8.49 on Friday. Select Energy Services Inc has a 1-year low of $6.05 and a 1-year high of $12.98. The firm has a market capitalization of $867.68 million, a PE ratio of 11.35 and a beta of 2.72. The business’s 50 day moving average is $8.60 and its 200-day moving average is $10.59. The company has a current ratio of 2.56, a quick ratio of 2.32 and a debt-to-equity ratio of 0.07.

Select Energy Services (NYSE:WTTR) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.09). Select Energy Services had a return on equity of 5.12% and a net margin of 1.16%. The firm had revenue of $323.90 million for the quarter, compared to analyst estimates of $357.28 million. During the same period in the previous year, the business posted $0.24 EPS. Select Energy Services’s revenue for the quarter was down 17.6% compared to the same quarter last year. On average, sell-side analysts predict that Select Energy Services Inc will post 0.49 EPS for the current year.



Several analysts have recently weighed in on the company. Wells Fargo & Co decreased their price objective on Select Energy Services from $10.50 to $10.00 and set a “market perform” rating on the stock in a report on Thursday. ValuEngine raised Select Energy Services from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 4th. TheStreet lowered Select Energy Services from a “c-” rating to a “d+” rating in a report on Tuesday, September 3rd. Royal Bank of Canada reissued a “buy” rating and set a $10.00 price objective on shares of Select Energy Services in a report on Thursday, August 8th. Finally, B. Riley set a $19.00 price objective on Select Energy Services and gave the stock a “buy” rating in a report on Monday, May 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $13.56.

Hedge funds have recently made changes to their positions in the stock. Punch & Associates Investment Management Inc. boosted its stake in Select Energy Services by 3.3% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 436,480 shares of the company’s stock valued at $5,246,000 after buying an additional 13,800 shares in the last quarter. Hancock Whitney Corp acquired a new stake in Select Energy Services in the 1st quarter valued at $5,167,000. Jennison Associates LLC boosted its stake in Select Energy Services by 9.2% in the 1st quarter. Jennison Associates LLC now owns 754,273 shares of the company’s stock valued at $9,066,000 after buying an additional 63,653 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in Select Energy Services by 5.9% in the 1st quarter. Evergreen Capital Management LLC now owns 186,310 shares of the company’s stock valued at $2,239,000 after buying an additional 10,410 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new stake in Select Energy Services in the 2nd quarter valued at $139,000. 59.44% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also: Earnings Per Share (EPS)

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