Equities research analysts expect that Select Energy Services Inc (NYSE:WTTR) will announce earnings per share of $0.17 for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Select Energy Services’ earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.16. Select Energy Services reported earnings per share of $0.24 during the same quarter last year, which indicates a negative year-over-year growth rate of 29.2%. The firm is expected to report its next earnings report on Thursday, August 8th.

On average, analysts expect that Select Energy Services will report full year earnings of $0.72 per share for the current fiscal year, with EPS estimates ranging from $0.58 to $0.85. For the next financial year, analysts forecast that the firm will post earnings of $1.27 per share, with EPS estimates ranging from $0.95 to $1.66. Zacks’ EPS averages are an average based on a survey of analysts that cover Select Energy Services.

Select Energy Services (NYSE:WTTR) last posted its earnings results on Tuesday, May 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. Select Energy Services had a return on equity of 6.11% and a net margin of 1.82%. The company had revenue of $362.65 million for the quarter, compared to analyst estimates of $360.60 million.

WTTR has been the topic of several analyst reports. Johnson Rice upgraded Select Energy Services from an “accumulate” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Wednesday, February 13th. B. Riley restated a “buy” rating and set a $19.00 price target (up previously from $18.00) on shares of Select Energy Services in a research note on Thursday, February 28th. Wells Fargo & Co set a $14.00 price target on Select Energy Services and gave the stock a “buy” rating in a research note on Thursday, February 28th. Royal Bank of Canada set a $15.00 price target on Select Energy Services and gave the stock a “buy” rating in a research note on Thursday, February 28th. Finally, Credit Suisse Group set a $12.00 price target on Select Energy Services and gave the stock a “buy” rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. Select Energy Services currently has an average rating of “Buy” and an average target price of $15.80.

In related news, EVP Mitchell Shauf sold 20,000 shares of Select Energy Services stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $11.14, for a total transaction of $222,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 9.22% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in WTTR. SCW Capital Management LP acquired a new stake in shares of Select Energy Services during the first quarter worth about $11,136,000. Peregrine Capital Management LLC acquired a new stake in shares of Select Energy Services during the fourth quarter worth about $5,585,000. BlackRock Inc. lifted its holdings in shares of Select Energy Services by 24.7% during the third quarter. BlackRock Inc. now owns 3,841,123 shares of the company’s stock worth $45,479,000 after purchasing an additional 761,511 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Select Energy Services by 176.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,150,123 shares of the company’s stock worth $13,617,000 after purchasing an additional 733,428 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Select Energy Services by 124.7% during the fourth quarter. Principal Financial Group Inc. now owns 1,050,279 shares of the company’s stock worth $6,638,000 after purchasing an additional 582,778 shares during the period. 58.72% of the stock is owned by hedge funds and other institutional investors.

WTTR traded up $0.64 on Friday, hitting $12.49. The company had a trading volume of 2,372,400 shares, compared to its average volume of 519,990. Select Energy Services has a 12-month low of $6.05 and a 12-month high of $17.74. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.24 and a quick ratio of 2.02. The firm has a market capitalization of $1.22 billion, a PE ratio of 14.52 and a beta of 3.10.

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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