Stock analysts expect Select Energy Services, Inc. (NYSE:WTTR – Get Rating) to post earnings of ($0.01) per share for the current quarter, Zacks reports. Two analysts made earnings estimates for Select Energy Services, with estimates ranging from ($0.04) to $0.02. Select Energy Services posted earnings per share of ($0.24) in the same quarter last year, indicating a positive growth rate of 95.8% year over year. The company is expected to announce its next earnings report on Tuesday, May 3.

According to Zacks, analysts expect Select Energy Services to report full year earnings of $0.20 per share for the current fiscal year, with EPS estimates ranging from $0.15 to $0.25. For the next fiscal year, analysts expect the company to post earnings of $0.55 per share, with EPS estimates ranging from $0.51 to $0.59. Zacks’ EPS calculations are an average average based on a survey of research analysts who track Select Energy Services.

A number of research analysts have weighed in on WTTR shares recently. Zacks Investment Research downgraded Select Energy Services from a “buy” rating to a “hold” rating in a Thursday, March 10 report. Piper Sandler raised its price target on Select Energy Services from $8.25 to $11.00 and gave the company a “neutral” rating in a Monday, March 7 research note.

The NYSE WTTR traded down $0.18 on Friday, hitting $8.63. 1,769,137 shares were traded, against an average volume of 608,648. The company’s 50-day moving average price is $7.72 and its two-hundred-day moving average price is $6.58. Select Energy Services has a 52-week low of $4.37 and a 52-week high of $10.43. The company has a market capitalization of $933.09 million, a price-earnings ratio of -17.26 and a beta of 2.47.

A number of hedge funds have recently changed their holdings to WTTR. THRC Management LLC acquired a new stake in Select Energy Services in the fourth quarter valued at approximately $7,576,000. Norges Bank acquired a new stake in shares of Select Energy Services in the fourth quarter worth approximately $1,010,000. Barclays PLC increased its stake in the shares of Select Energy Services by 200.9% during the 4th quarter. Barclays PLC now owns 75,857 shares in the company worth $472,000 after acquiring a further 50,646 shares in the last quarter. BlackRock Inc. increased its equity stake in Select Energy Services by 1.5% during the 4th quarter. BlackRock Inc. now owns 5,279,474 shares of the company valued at $32,890,000 after acquiring an additional 76,422 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in Select Energy Services by 7.1% in the 4th quarter. California State Teachers Retirement System now owns 87,587 shares of the company worth $546,000 after buying 5,778 additional shares in the last quarter. 59.93% of the shares are currently held by institutional investors.

Select Energy Service Company Profile (Get an assessment)

Select Energy Services Inc is committed to providing water and chemical management solutions. It operates through the following business segments: Water Services, Oilfield Chemicals and Water Infrastructure. The Water Services segment includes service activities, including water transfer, reflux and well testing, fluid transport, water containment and automation of water networks, primarily serving E&P companies.

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