Select Energy Services (WTTR) Coverage Initiated by Analysts at Stephens

Stephens began coverage on shares of Select Energy Services (NYSE:WTTR) in a research report sent to investors on Thursday, Marketbeat Ratings reports. The firm issued an overweight rating and a $16.00 price target on the stock.

Several other equities research analysts have also recently weighed in on the company. ValuEngine cut Select Energy Services from a hold rating to a sell rating in a research note on Friday, February 2nd. Zacks Investment Research cut Select Energy Services from a buy rating to a hold rating in a research note on Saturday, January 13th. B. Riley boosted their price objective on Select Energy Services from $21.00 to $24.00 and gave the stock a buy rating in a research note on Friday, January 26th. Piper Jaffray reissued a buy rating and set a $18.00 price objective on shares of Select Energy Services in a research note on Thursday, March 15th. Finally, Citigroup raised Select Energy Services from a sell rating to a neutral rating and set a $17.00 price objective on the stock in a research note on Tuesday, February 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $18.80.

Shares of NYSE:WTTR traded up $0.36 during mid-day trading on Thursday, reaching $13.79. The stock had a trading volume of 151,582 shares, compared to its average volume of 420,300. The company has a current ratio of 2.41, a quick ratio of 2.17 and a debt-to-equity ratio of 0.09. Select Energy Services has a 1 year low of $11.22 and a 1 year high of $21.96.



Select Energy Services (NYSE:WTTR) last issued its quarterly earnings data on Wednesday, March 7th. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). Select Energy Services had a positive return on equity of 0.96% and a negative net margin of 2.31%. The company had revenue of $304.24 million for the quarter, compared to the consensus estimate of $294.60 million. equities analysts predict that Select Energy Services will post 0.85 earnings per share for the current fiscal year.

In other Select Energy Services news, CEO Holli C. Ladhani bought 29,388 shares of the business’s stock in a transaction dated Wednesday, March 14th. The shares were purchased at an average price of $13.87 per share, with a total value of $407,611.56. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Alan Burnett bought 2,500 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were acquired at an average cost of $14.14 per share, for a total transaction of $35,350.00. The disclosure for this purchase can be found here. Corporate insiders own 8.29% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Simmons L E & Associates Inc. bought a new position in Select Energy Services in the fourth quarter worth approximately $295,330,000. K2 Principal Fund L.P. lifted its holdings in Select Energy Services by 424.5% during the fourth quarter. K2 Principal Fund L.P. now owns 365,969 shares of the company’s stock worth $6,675,000 after buying an additional 296,198 shares during the period. Wells Fargo & Company MN lifted its holdings in Select Energy Services by 555.8% during the third quarter. Wells Fargo & Company MN now owns 39,823 shares of the company’s stock worth $633,000 after buying an additional 33,751 shares during the period. Arosa Capital Management LP purchased a new stake in Select Energy Services during the fourth quarter worth $7,953,000. Finally, Nokomis Capital L.L.C. purchased a new stake in Select Energy Services during the fourth quarter worth $12,134,000. 43.03% of the stock is currently owned by institutional investors.

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About Select Energy Services

Select Energy Services, Inc, an oilfield services company, provides water solutions to the United States unconventional oil and gas industry. The company operates through three segments: Water Solutions, Accommodations and Rentals, and Wellsite Completion and Construction Services. The Water Solutions segment provides water solutions, 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.

Analyst Recommendations for Select Energy Services (NYSE:WTTR)

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