Select Energy Services Inc (NYSE:WTTR) – Stock analysts at B. Riley lowered their Q1 2019 EPS estimates for shares of Select Energy Services in a report issued on Wednesday, January 16th, Zacks Investment Research reports. B. Riley analyst T. Curran now anticipates that the company will post earnings per share of $0.16 for the quarter, down from their previous estimate of $0.21. B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for Select Energy Services’ Q2 2019 earnings at $0.22 EPS, Q3 2019 earnings at $0.30 EPS, Q4 2019 earnings at $0.31 EPS and FY2019 earnings at $0.99 EPS.
Several other equities research analysts also recently issued reports on the stock. Citigroup upgraded shares of Select Energy Services from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $14.00 to $15.00 in a research note on Monday, November 19th. Zacks Investment Research upgraded shares of Select Energy Services from a “sell” rating to a “hold” rating in a research note on Saturday, November 17th. ValuEngine downgraded shares of Select Energy Services from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 13th. Credit Suisse Group set a $17.00 price objective on shares of Select Energy Services and gave the stock a “buy” rating in a research note on Friday, November 9th. Finally, Wells Fargo & Co raised their price objective on shares of Select Energy Services from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, November 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $17.91.
Shares of Select Energy Services stock traded up $0.31 during midday trading on Friday, hitting $8.48. The company had a trading volume of 219,043 shares, compared to its average volume of 462,312. The company has a market cap of $871.58 million, a price-to-earnings ratio of 10.60 and a beta of 3.09. The company has a current ratio of 2.51, a quick ratio of 2.27 and a debt-to-equity ratio of 0.07. Select Energy Services has a 1-year low of $6.05 and a 1-year high of $17.86.
Institutional investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new position in shares of Select Energy Services during the 3rd quarter worth about $100,000. Metropolitan Life Insurance Co. NY grew its position in shares of Select Energy Services by 61.2% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 15,515 shares of the company’s stock worth $225,000 after buying an additional 5,890 shares during the period. Voya Investment Management LLC grew its position in shares of Select Energy Services by 49.5% during the 2nd quarter. Voya Investment Management LLC now owns 17,137 shares of the company’s stock worth $249,000 after buying an additional 5,673 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Select Energy Services during the 3rd quarter worth about $208,000. Finally, MetLife Investment Advisors LLC grew its position in shares of Select Energy Services by 57.0% during the 2nd quarter. MetLife Investment Advisors LLC now owns 21,969 shares of the company’s stock worth $319,000 after buying an additional 7,972 shares during the period. Institutional investors own 57.66% of the company’s stock.
In related news, CAO Gary Gillette sold 20,000 shares of Select Energy Services stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $10.62, for a total value of $212,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.29% of the company’s stock.
About Select Energy Services
Select Energy Services, Inc, an oilfield services company, provides water management and chemical solutions to the unconventional oil and 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 hose; 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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