Select Energy Services (NYSE:WTTR) Stock Price Up 10.5% - Stock Observer
Posted by Brian Himes on Sep 16th, 2019
Select Energy Services Inc (NYSE:WTTR) rose 10.5% during mid-day trading on Monday . The stock traded as high as $9.64 and last traded at $9.38, approximately 672,662 shares were traded during mid-day trading. An increase of 33% from the average daily volume of 506,237 shares. The stock had previously closed at $8.49.
A number of brokerages recently weighed in on WTTR. Wells Fargo & Co cut their price target on shares of Select Energy Services from $10.50 to $10.00 and set a “market perform” rating on the stock in a research report on Thursday. B. Riley set a $19.00 price target on shares of Select Energy Services and gave the company a “buy” rating in a research report on Monday, May 20th. TheStreet downgraded shares of Select Energy Services from a “c-” rating to a “d+” rating in a research report on Tuesday, September 3rd. ValuEngine upgraded shares of Select Energy Services from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 4th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $10.00 price target on shares of Select Energy Services in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $13.56.
The firm has a market capitalization of $901.64 million, a price-to-earnings ratio of 10.91 and a beta of 2.72. The business’s 50-day moving average is $8.54 and its two-hundred day moving average is $10.58. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.32 and a current ratio of 2.56.
Select Energy Services (NYSE:WTTR) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.09). The firm had revenue of $323.90 million during the quarter, compared to analyst estimates of $357.28 million. Select Energy Services had a net margin of 1.16% and a return on equity of 5.12%. The business’s revenue was down 17.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 earnings per share. Analysts forecast that Select Energy Services Inc will post 0.49 EPS for the current year.
A number of hedge funds have recently made changes to their positions in WTTR. Parallel Advisors LLC acquired a new stake in Select Energy Services during the 2nd quarter worth approximately $25,000. Oppenheimer Asset Management Inc. acquired a new stake in Select Energy Services during the 2nd quarter worth approximately $55,000. BNP Paribas Arbitrage SA raised its holdings in Select Energy Services by 579.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 9,617 shares of the company’s stock worth $116,000 after buying an additional 8,202 shares during the period. State Board of Administration of Florida Retirement System acquired a new stake in Select Energy Services during the 2nd quarter worth approximately $139,000. Finally, Bank of Montreal Can raised its holdings in Select Energy Services by 2,021.4% during the 1st quarter. Bank of Montreal Can now owns 13,513 shares of the company’s stock worth $163,000 after buying an additional 12,876 shares during the period. Hedge funds and other institutional investors own 59.44% of the company’s stock.
About Select Energy Services (NYSE:WTTR)
Select Energy Services (NYSE:WTTR) Stock Price Up 10.5% - Stock Observer
Posted by Brian Himes on Sep 16th, 2019
Select Energy Services Inc (NYSE:WTTR) rose 10.5% during mid-day trading on Monday . The stock traded as high as $9.64 and last traded at $9.38, approximately 672,662 shares were traded during mid-day trading. An increase of 33% from the average daily volume of 506,237 shares. The stock had previously closed at $8.49.
A number of brokerages recently weighed in on WTTR. Wells Fargo & Co cut their price target on shares of Select Energy Services from $10.50 to $10.00 and set a “market perform” rating on the stock in a research report on Thursday. B. Riley set a $19.00 price target on shares of Select Energy Services and gave the company a “buy” rating in a research report on Monday, May 20th. TheStreet downgraded shares of Select Energy Services from a “c-” rating to a “d+” rating in a research report on Tuesday, September 3rd. ValuEngine upgraded shares of Select Energy Services from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 4th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $10.00 price target on shares of Select Energy Services in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $13.56.
The firm has a market capitalization of $901.64 million, a price-to-earnings ratio of 10.91 and a beta of 2.72. The business’s 50-day moving average is $8.54 and its two-hundred day moving average is $10.58. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.32 and
 a current ratio of 2.56.
Select Energy Services (NYSE:WTTR) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.09). The firm had revenue of $323.90 million during the quarter, compared to analyst estimates of $357.28 million. Select Energy Services had a net margin of 1.16% and a return on equity of 5.12%. The business’s revenue was down 17.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 earnings per share. Analysts forecast that Select Energy Services Inc will post 0.49 EPS for the current year.
A number of hedge funds have recently made changes to their positions in WTTR. Parallel Advisors LLC acquired a new stake in Select Energy Services during the 2nd quarter worth approximately $25,000. Oppenheimer Asset Management Inc. acquired a new stake in Select Energy Services during the 2nd quarter worth approximately $55,000. BNP Paribas Arbitrage SA raised its holdings in Select Energy Services by 579.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 9,617 shares of the company’s stock worth $116,000 after buying an additional 8,202 shares during the period. State Board of Administration of Florida Retirement System acquired a new stake in Select Energy Services during the 2nd quarter worth approximately $139,000. Finally, Bank of Montreal Can raised its holdings in Select Energy Services by 2,021.4% during the 1st quarter. Bank of Montreal Can now owns 13,513 shares of the company’s stock worth $163,000 after buying an additional 12,876 shares during the period. Hedge funds and other institutional investors own 59.44% of the company’s stock.
About Select Energy Services (NYSE:WTTR)