Select Energy Services Inc (WTTR) Expected to Post Quarterly Sales of $128.50 Million
Brokerages predict that Select Energy Services Inc (NASDAQ:WTTR) will report sales of $128.50 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Select Energy Services’ earnings, with estimates ranging from $126.42 million to $130.27 million. The firm is scheduled to announce its next quarterly earnings report on Wednesday, August 16th.
On average, analysts expect that Select Energy Services will report full year sales of $128.50 million for the current year, with estimates ranging from $489.27 million to $546.10 million. For the next year, analysts forecast that the firm will post sales of $767.71 million per share, with estimates ranging from $732.89 million to $789.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Select Energy Services.
Select Energy Services (NASDAQ:WTTR) last released its quarterly earnings results on Wednesday, May 17th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.15) by $0.06. The company had revenue of $99.90 million for the quarter, compared to analyst estimates of $100.17 million. Select Energy Services had a negative return on equity of 14.94% and a negative net margin of 12.29%. Select Energy Services’s revenue was up 15.2% on a year-over-year basis.
A number of research analysts have recently commented on the company. Piper Jaffray Companies assumed coverage on Select Energy Services in a report on Tuesday, May 16th. They set an “overweight” rating and a $21.00 price objective on the stock. Citigroup Inc. assumed coverage on Select Energy Services in a report on Tuesday, May 16th. They set a “buy” rating and a $19.00 price objective on the stock. J P Morgan Chase & Co assumed coverage on Select Energy Services in a report on Tuesday, May 16th. They set a “neutral” rating and a $16.00 price objective on the stock. Credit Suisse Group assumed coverage on Select Energy Services in a report on Tuesday, May 16th. They set an “outperform” rating and a $20.00 price objective on the stock. Finally, FBR & Co assumed coverage on Select Energy Services in a report on Tuesday, May 16th. They set an “outperform” rating and a $23.00 price objective on the stock. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $19.86.
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Select Energy Services (WTTR) traded down 4.01% during trading on Friday, reaching $11.48. The company had a trading volume of 81,985 shares. The company’s market capitalization is $161.67 million. The stock has a 50 day moving average of $12.10 and a 200-day moving average of $12.10. Select Energy Services has a 12 month low of $11.43 and a 12 month high of $12.51.
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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