Seaport Res Ptn Comments on Select Energy Services, Inc.’s FY2022 Earnings (NYSE:WTTR)

Select Energy Services, Inc. (NYSE:WTTRGet Rating) – Research analysts at Seaport Res Ptn upped their FY2022 earnings per share estimates for shares of Select Energy Services in a research note issued on Wednesday, June 15th. Seaport Res Ptn analyst T. Curran now forecasts that the company will earn $0.33 per share for the year, up from their previous estimate of $0.25. The consensus estimate for Select Energy Services’ current full-year earnings is $0.25 per share. Seaport Res Ptn also issued estimates for Select Energy Services’ Q4 2022 earnings at $0.11 EPS, Q1 2023 earnings at $0.13 EPS and Q2 2023 earnings at $0.13 EPS.

Separately, Piper Sandler raised their price target on Select Energy Services from $8.25 to $11.00 and gave the company a “neutral” rating in a report on Monday, March 7th.

Shares of Select Energy Services stock opened at $7.69 on Friday. The business has a fifty day simple moving average of $8.27 and a two-hundred day simple moving average of $7.70. Select Energy Services has a 1 year low of $4.88 and a 1 year high of $10.43. The company has a market capitalization of $879.21 million, a price-to-earnings ratio of -48.06 and a beta of 2.34.

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its position in Select Energy Services by 1.5% during the 4th quarter. BlackRock Inc. now owns 5,279,474 shares of the company’s stock worth $32,890,000 after buying an additional 76,422 shares during the period. Vanguard Group Inc. increased its position in Select Energy Services by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 3,265,775 shares of the company’s stock worth $27,988,000 after buying an additional 62,529 shares during the period. Dimensional Fund Advisors LP increased its position in Select Energy Services by 11.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,179,679 shares of the company’s stock worth $27,250,000 after buying an additional 335,416 shares during the period. Cannell Capital LLC increased its position in Select Energy Services by 42.8% during the 1st quarter. Cannell Capital LLC now owns 2,948,758 shares of the company’s stock worth $25,271,000 after buying an additional 884,022 shares during the period. Finally, Wellington Management Group LLP increased its position in Select Energy Services by 74.1% during the 3rd quarter. Wellington Management Group LLP now owns 2,616,799 shares of the company’s stock worth $13,581,000 after buying an additional 1,113,999 shares during the period. 63.30% of the stock is owned by institutional investors and hedge funds.

About Select Energy Services (Get Rating)

Select Energy Services, Inc, an oilfield services company, provides water management and chemical solutions to the onshore oil and gas industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Oilfield Chemicals. The Water Services segment provides water-related services, including water transfer, flow back and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various on-site rental equipment and workforce accommodation services.

Further Reading

Earnings History and Estimates for Select Energy Services (NYSE:WTTR)

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