Shares of Select Energy Services Inc (NYSE:WTTR) have received a consensus recommendation of “Hold” from the eleven research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $19.14.
A number of brokerages have recently commented on WTTR. Zacks Investment Research lowered shares of Select Energy Services from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. B. Riley lifted their price target on shares of Select Energy Services from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, January 26th. ValuEngine lowered shares of Select Energy Services from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Citigroup upgraded shares of Select Energy Services from a “sell” rating to a “neutral” rating and set a $17.00 price target on the stock in a report on Tuesday, February 13th. Finally, Bank of America reiterated a “buy” rating and set a $20.00 price target on shares of Select Energy Services in a report on Friday, December 8th.
Large investors have recently modified their holdings of the company. New York State Common Retirement Fund acquired a new position in Select Energy Services in the second quarter valued at $102,000. First Dallas Securities Inc. acquired a new position in Select Energy Services in the fourth quarter valued at $136,000. Strs Ohio increased its stake in Select Energy Services by 185.2% in the fourth quarter. Strs Ohio now owns 7,700 shares of the company’s stock valued at $140,000 after purchasing an additional 5,000 shares in the last quarter. Alliancebernstein L.P. bought a new stake in Select Energy Services in the second quarter valued at $141,000. Finally, Metropolitan Life Insurance Co. NY bought a new stake in Select Energy Services in the fourth quarter valued at $176,000. Institutional investors own 43.03% of the company’s stock.
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About Select Energy Services
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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