Select Energy Services (WTTR) Trading Up 5.8%

Select Energy Services Inc (NYSE:WTTR) shares were up 5.8% on Friday . The stock traded as high as $20.97 and last traded at $20.90. Approximately 777,071 shares were traded during trading, an increase of 111% from the average daily volume of 368,186 shares. The stock had previously closed at $19.76.

Several research analysts recently weighed in on WTTR shares. Bank of America restated a “buy” rating and set a $20.00 price target on shares of Select Energy Services in a research report on Friday, December 8th. Wells Fargo & Co restated an “outperform” rating and set a $20.00 price target on shares of Select Energy Services in a research report on Tuesday, November 28th. Citigroup downgraded shares of Select Energy Services from a “buy” rating to a “sell” rating and reduced their price target for the stock from $18.00 to $15.00 in a research report on Wednesday, September 27th. Piper Jaffray Companies restated a “buy” rating and set a $20.00 price target on shares of Select Energy Services in a research report on Friday, November 10th. Finally, Zacks Investment Research downgraded shares of Select Energy Services from a “hold” rating to a “sell” rating in a research report on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $18.78.

The company has a quick ratio of 2.83, a current ratio of 2.84 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2,220.00 and a PE ratio of 5.23.

Select Energy Services (NYSE:WTTR) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. Select Energy Services had a negative net margin of 6.18% and a negative return on equity of 6.04%. The company had revenue of $153.90 million during the quarter, compared to analysts’ expectations of $147.65 million. During the same quarter in the prior year, the company earned ($0.28) EPS. Select Energy Services’s revenue was up 108.3% compared to the same quarter last year. research analysts anticipate that Select Energy Services Inc will post 0.01 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in WTTR. Russell Investments Group Ltd. purchased a new stake in Select Energy Services during the 2nd quarter valued at about $613,000. Schwab Charles Investment Management Inc. purchased a new stake in Select Energy Services during the 2nd quarter valued at about $192,000. Bank of New York Mellon Corp purchased a new stake in Select Energy Services during the 2nd quarter valued at about $7,987,000. Alliancebernstein L.P. purchased a new stake in Select Energy Services during the 2nd quarter valued at about $141,000. Finally, Fort Washington Investment Advisors Inc. OH purchased a new stake in Select Energy Services during the 2nd quarter valued at about $644,000. 22.30% of the stock is owned by institutional investors.

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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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