Select Energy Services, Inc. (NYSE:WTTR) is reporting third quarter earnings results on Tuesday 3rd November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.27 per share.
For the full year, analysts predict revenues of $ 584.87 million, while looking forward to loss of $ 3.12 per share.
Previous Quarter Performance
Select Energy Services, Inc. reported loss for the second quarter of $ 0.52 per share, from the revenue of $ 92.24 million. The quarterly revenues decreased 71.52 percent compared with the same quarter last year. Street analysts expected Select Energy Services, Inc. to report loss of $ 0.33 per share on revenue of $ 108.25 million for the second quarter. The bottom line results missed street analysts by $ 0.19 or 57.58 percent, at the same time, top line results fell short of analysts by $ 16.01 million or 14.79 percent.
Stock Performance
Shares of Select Energy Services, Inc. traded up $ 0.24 or 7.95 percent on Monday, reaching $ 3.26 with volume of 270.30 thousand shares. Select Energy Services, Inc. has traded high as $ 3.33 and has cracked $ 3.01 on the downward trend
The closing price of $ 3.26, representing a 36.04 % increase from the 52 week low of $ 2.22 and a 68.8 % decrease over the 52 week high of $ 9.68.
The company has a market capital of $ 336.12 million and is part of the Industrials sector and Pollution & Treatment Controls industry.
Recent Analyst recommendations
- On 7th October 2020, maintained by Piper Sandler at Neutral rating, with $ 5.30 target price.
- On 2nd October 2020, downgraded by JPMorgan Chase & Co. to Underweight from Neutral rating.
Select Energy Services, Inc., an oilfield services company, provides water management and chemical solutions to the onshore oil and natural 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 pipe; 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.
