Select Energy Services Inc (NYSE:WTTR) CAO Brian Szymanski sold 1,699 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $8.53, for a total transaction of $14,492.47.
Shares of NYSE:WTTR opened at $8.17 on Friday. The company has a quick ratio of 2.32, a current ratio of 2.56 and a debt-to-equity ratio of 0.07. Select Energy Services Inc has a 52-week low of $6.05 and a 52-week high of $12.98. The company has a 50 day moving average of $8.64 and a two-hundred day moving average of $10.60. The company has a market capitalization of $903.79 million, a price-to-earnings ratio of 9.50 and a beta of 2.72.
Select Energy Services (NYSE:WTTR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.09). Select Energy Services had a net margin of 1.16% and a return on equity of 5.12%. The firm had revenue of $323.90 million during the quarter, compared to analyst estimates of $357.28 million. During the same period last year, the business earned $0.24 EPS. The firm’s revenue was down 17.6% compared to the same quarter last year. On average, equities analysts anticipate that Select Energy Services Inc will post 0.49 earnings per share for the current year.
A number of large investors have recently modified their holdings of the business. BlackRock Inc. grew its position in Select Energy Services by 16.6% in the second quarter. BlackRock Inc. now owns 4,244,866 shares of the company’s stock valued at $49,283,000 after acquiring an additional 605,650 shares in the last quarter. Vanguard Group Inc. grew its position in Select Energy Services by 7.9% in the second quarter. Vanguard Group Inc. now owns 2,713,036 shares of the company’s stock valued at $31,499,000 after acquiring an additional 198,125 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Select Energy Services by 57.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,815,637 shares of the company’s stock valued at $11,475,000 after acquiring an additional 665,514 shares in the last quarter. SCW Capital Management LP acquired a new stake in Select Energy Services in the first quarter valued at approximately $11,136,000. Finally, Jennison Associates LLC grew its position in Select Energy Services by 0.3% in the second quarter. Jennison Associates LLC now owns 756,778 shares of the company’s stock valued at $8,786,000 after acquiring an additional 2,505 shares in the last quarter. 59.44% of the stock is owned by institutional investors.
A number of analysts recently issued reports on WTTR shares. B. Riley set a $19.00 target price on shares of Select Energy Services and gave the stock a “buy” rating in a research report on Monday, May 20th. Royal Bank of Canada reissued a “buy” rating and set a $10.00 target price on shares of Select Energy Services in a research report on Thursday, August 8th. 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 for the company in a research report on Thursday. ValuEngine raised shares of Select Energy Services from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 4th. Finally, TheStreet downgraded shares of Select Energy Services from a “c-” rating to a “d+” rating in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $13.56.
About Select Energy Services
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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