Select Energy Services (WTTR) Hits New 12-Month Low at $9.07

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Shares of Select Energy Services Inc (NYSE:WTTR) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $9.07 and last traded at $9.14, with a volume of 420503 shares traded. The stock had previously closed at $9.60.

WTTR has been the subject of several research analyst reports. Wells Fargo & Co increased their target price on Select Energy Services from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, November 8th. Citigroup upgraded Select Energy Services from a “neutral” rating to a “buy” rating and increased their target price for the stock from $14.00 to $15.00 in a research report on Monday, November 19th. Zacks Investment Research upgraded Select Energy Services from a “sell” rating to a “hold” rating in a research report on Saturday, November 17th. Piper Jaffray Companies reiterated a “buy” rating on shares of Select Energy Services in a research report on Thursday, August 16th. Finally, B. Riley set a $22.00 target price on Select Energy Services and gave the stock a “buy” rating in a research report on Monday, August 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. Select Energy Services presently has a consensus rating of “Buy” and a consensus target price of $18.08.

The company has a market cap of $1.02 billion, a P/E ratio of 11.23 and a beta of 2.22. The company has a quick ratio of 2.27, a current ratio of 2.51 and a debt-to-equity ratio of 0.07.

Select Energy Services (NYSE:WTTR) last announced its quarterly earnings results on Tuesday, November 6th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Select Energy Services had a return on equity of 4.95% and a net margin of 2.80%. The company had revenue of $396.97 million during the quarter, compared to analyst estimates of $406.52 million. During the same period in the prior year, the company earned $0.04 earnings per share. The firm’s revenue was up 158.0% on a year-over-year basis. On average, equities analysts anticipate that Select Energy Services Inc will post 0.88 EPS for the current fiscal year.

In related news, CAO Gary Gillette sold 20,000 shares of the stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $10.62, for a total transaction of $212,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.29% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its stake in shares of Select Energy Services by 1.0% in the 1st quarter. Principal Financial Group Inc. now owns 454,319 shares of the company’s stock valued at $5,734,000 after purchasing an additional 4,423 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Select Energy Services in the 2nd quarter valued at approximately $756,000. NJ State Employees Deferred Compensation Plan bought a new stake in shares of Select Energy Services in the 2nd quarter valued at approximately $392,000. Jennison Associates LLC lifted its stake in shares of Select Energy Services by 31.5% in the 2nd quarter. Jennison Associates LLC now owns 740,617 shares of the company’s stock valued at $10,761,000 after purchasing an additional 177,241 shares during the last quarter. Finally, Boston Partners bought a new stake in shares of Select Energy Services in the 2nd quarter valued at approximately $1,502,000. 56.48% of the stock is owned by institutional investors.

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Select Energy Services Company Profile (NYSE:WTTR)

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.

Further Reading: Balance Sheet

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