Select Energy Services Inc (NASDAQ:WTTR)‘s stock had its “buy” rating reissued by investment analysts at B. Riley in a note issued to investors on Monday. They presently have a $21.00 price objective on the stock. B. Riley’s price target suggests a potential upside of 34.79% from the stock’s current price.
WTTR has been the subject of a number of other reports. Zacks Investment Research lowered shares of Select Energy Services from a “hold” rating to a “sell” rating in a report on Friday, September 15th. FBR & Co set a $23.00 price objective on shares of Select Energy Services and gave the stock a “buy” rating in a report on Tuesday, July 18th. BidaskClub lowered shares of Select Energy Services from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Piper Jaffray Companies restated a “buy” rating and issued a $20.00 price objective on shares of Select Energy Services in a report on Friday. Finally, Citigroup Inc. lowered shares of Select Energy Services from a “buy” rating to a “sell” rating and lowered their price objective for the stock from $18.00 to $15.00 in a report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $19.00.
Select Energy Services (NASDAQ WTTR) traded up $0.06 during mid-day trading on Monday, reaching $15.58. 59,397 shares of the company’s stock were exchanged, compared to its average volume of 219,415. Select Energy Services has a fifty-two week low of $11.22 and a fifty-two week high of $17.25.
Select Energy Services (NASDAQ:WTTR) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.01. The firm had revenue of $153.90 million during the quarter, compared to analyst estimates of $147.65 million. Select Energy Services had a negative net margin of 7.80% and a negative return on equity of 11.02%. The business’s quarterly revenue was up 108.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.28) EPS.
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Hedge funds and other institutional investors have recently modified their holdings of the business. Crestview Partners II GP L.P. bought a new position in Select Energy Services in the 2nd quarter worth $46,206,000. Royal Bank of Canada bought a new position in Select Energy Services in the 2nd quarter worth $7,526,000. Point72 Europe London LLP bought a new position in Select Energy Services in the 2nd quarter worth $1,694,000. Citadel Advisors LLC bought a new position in Select Energy Services in the 2nd quarter worth $348,000. Finally, GeoSphere Capital Management bought a new position in Select Energy Services in the 2nd quarter worth $996,000.
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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