Brokerages expect that Select Energy Services Inc (NYSE:WTTR) will post $0.12 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Select Energy Services’ earnings, with the lowest EPS estimate coming in at $0.09 and the highest estimate coming in at $0.14. The firm is scheduled to issue its next quarterly earnings report on Wednesday, February 14th.
According to Zacks, analysts expect that Select Energy Services will report full year earnings of ($0.02) per share for the current fiscal year, with EPS estimates ranging from ($0.17) to $0.14. For the next fiscal year, analysts forecast that the business will post earnings of $1.02 per share, with EPS estimates ranging from $0.90 to $1.17. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Select Energy Services.
Select Energy Services (NYSE:WTTR) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $153.90 million for the quarter, compared to analyst estimates of $147.65 million. Select Energy Services had a negative return on equity of 6.04% and a negative net margin of 6.18%. Select Energy Services’s revenue for the quarter was up 108.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.28) EPS.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Teacher Retirement System of Texas raised its position in shares of Select Energy Services by 238.7% during the 3rd quarter. Teacher Retirement System of Texas now owns 2,032,400 shares of the company’s stock worth $32,356,000 after acquiring an additional 1,432,400 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Select Energy Services by 194.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,936,223 shares of the company’s stock worth $30,825,000 after acquiring an additional 1,278,817 shares in the last quarter. Hodges Capital Management Inc. raised its position in shares of Select Energy Services by 23.1% during the 3rd quarter. Hodges Capital Management Inc. now owns 738,000 shares of the company’s stock worth $11,749,000 after acquiring an additional 138,400 shares in the last quarter. Royal Bank of Canada acquired a new stake in shares of Select Energy Services during the 2nd quarter worth about $7,526,000. Finally, Vanguard Group Inc. acquired a new stake in shares of Select Energy Services during the 2nd quarter worth about $5,078,000. 22.30% of the stock is currently owned by institutional investors and hedge funds.
Select Energy Services (NYSE WTTR) traded up $1.14 during mid-day trading on Friday, reaching $20.90. The company’s stock had a trading volume of 777,071 shares, compared to its average volume of 368,178. The company has a quick ratio of 2.83, a current ratio of 2.84 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2,220.00 and a price-to-earnings ratio of 5.23. Select Energy Services has a 52 week low of $11.22 and a 52 week high of $20.97.
Select Energy Services Company Profile
Select Energy Services, Inc is a holding company. The Company is provider of total water solutions to the United States unconventional oil and gas industry. The Company is engaged in sourcing and transfer of water prior to its use in drilling and completion activities associated with hydraulic fracturing or fracking, which collectively referrd to as pre-frac water services.
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