Select Energy Services (NYSE:WTTR) announced its earnings results on Wednesday. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.03), Briefing.com reports. The company had revenue of $329.00 million for the quarter, compared to the consensus estimate of $314.57 million. Select Energy Services had a return on equity of 5.12% and a net margin of 1.16%. The business’s quarterly revenue was down 17.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 EPS.
Shares of WTTR stock opened at $7.78 on Friday. The company has a market capitalization of $850.66 million, a price-to-earnings ratio of 9.05 and a beta of 2.69. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.32 and a current ratio of 2.56. The company has a 50-day simple moving average of $8.06 and a 200 day simple moving average of $9.74. Select Energy Services has a 52 week low of $6.05 and a 52 week high of $12.75.
WTTR has been the subject of several research analyst reports. Wells Fargo & Co reduced their target price on shares of Select Energy Services from $10.50 to $10.00 and set a “market perform” rating for the company in a report on Thursday, September 12th. ValuEngine downgraded shares of Select Energy Services from a “hold” rating to a “sell” rating in a report on Friday, November 1st. TheStreet downgraded shares of Select Energy Services from a “c-” rating to a “d+” rating in a report on Tuesday, September 3rd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $10.00 target price on shares of Select Energy Services in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $13.50.
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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