ValuEngine upgraded shares of Select Energy Services (NYSE:WTTR) from a strong sell rating to a sell rating in a research note issued to investors on Tuesday morning.
A number of other equities analysts have also weighed in on WTTR. Piper Jaffray Companies set a $14.00 price objective on shares of Select Energy Services and gave the company a buy rating in a research report on Tuesday, March 5th. B. Riley reiterated a buy rating and issued a $19.00 price objective (up from $18.00) on shares of Select Energy Services in a research report on Thursday, February 28th. Credit Suisse Group set a $12.00 price objective on shares of Select Energy Services and gave the company a buy rating in a research report on Friday, March 1st. Royal Bank of Canada set a $15.00 price objective on shares of Select Energy Services and gave the company a buy rating in a research report on Thursday, February 28th. Finally, Wells Fargo & Co set a $14.00 price objective on shares of Select Energy Services and gave the company a buy rating in a research report on Thursday, February 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $16.27.
Shares of Select Energy Services stock opened at $11.10 on Tuesday. The firm has a market capitalization of $1.13 billion, a PE ratio of 12.91 and a beta of 3.18. Select Energy Services has a 12 month low of $6.05 and a 12 month high of $17.86. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.15 and a current ratio of 2.40.
About Select Energy Services
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.
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