B. Riley Weighs in on Select Energy Services Inc’s FY2019 Earnings (NYSE:WTTR)

Select Energy Services Inc (NYSE:WTTR) – Analysts at B. Riley cut their FY2019 EPS estimates for Select Energy Services in a note issued to investors on Monday, November 11th. B. Riley analyst T. Curran now anticipates that the company will earn $0.31 per share for the year, down from their prior estimate of $0.55. B. Riley also issued estimates for Select Energy Services’ Q4 2019 earnings at $0.01 EPS, Q1 2020 earnings at $0.09 EPS, Q2 2020 earnings at $0.17 EPS, Q3 2020 earnings at $0.22 EPS, Q4 2020 earnings at $0.18 EPS and FY2020 earnings at $0.67 EPS.

A number of other research analysts have also recently weighed in on WTTR. TheStreet cut shares of Select Energy Services from a “c-” rating to a “d+” rating in a report on Tuesday, September 3rd. Wells Fargo & Co dropped their target price on shares of Select Energy Services from $10.50 to $10.00 and set a “market perform” rating on the stock in a research report on Thursday, September 12th. ValuEngine lowered shares of Select Energy Services from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $10.00 target price on shares of Select Energy Services in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $13.50.

WTTR opened at $7.82 on Wednesday. Select Energy Services has a fifty-two week low of $6.05 and a fifty-two week high of $12.75. 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 fifty day moving average of $7.95 and a two-hundred day moving average of $9.64. The stock has a market capitalization of $840.07 million, a price-to-earnings ratio of 9.09 and a beta of 2.69.

Select Energy Services (NYSE:WTTR) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). Select Energy Services had a negative net margin of 0.06% and a positive return on equity of 3.58%. The firm had revenue of $329.00 million during the quarter, compared to analysts’ expectations of $314.57 million. During the same period in the previous year, the firm posted $0.29 EPS. The firm’s quarterly revenue was down 17.1% on a year-over-year basis.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC acquired a new stake in shares of Select Energy Services in the second quarter valued at about $25,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Select Energy Services by 79.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,845 shares of the company’s stock valued at $33,000 after purchasing an additional 1,697 shares during the period. New York State Teachers Retirement System acquired a new stake in shares of Select Energy Services in the third quarter valued at about $34,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Select Energy Services in the second quarter valued at about $55,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of Select Energy Services in the second quarter valued at about $139,000. Institutional investors and hedge funds own 57.51% of the company’s stock.

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.

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Earnings History and Estimates for Select Energy Services (NYSE:WTTR)

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