Select Energy Services (WTTR) Upgraded at ValuEngine

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.



A number of large investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its position in Select Energy Services by 11.8% in the 4th quarter. Geode Capital Management LLC now owns 588,860 shares of the company’s stock valued at $3,721,000 after buying an additional 62,335 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Select Energy Services by 57.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,815,637 shares of the company’s stock worth $11,475,000 after purchasing an additional 665,514 shares in the last quarter. Millennium Management LLC boosted its position in shares of Select Energy Services by 111.1% during the 4th quarter. Millennium Management LLC now owns 295,805 shares of the company’s stock worth $1,869,000 after purchasing an additional 155,687 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Select Energy Services by 19.4% during the 4th quarter. Legal & General Group Plc now owns 8,152 shares of the company’s stock worth $51,000 after purchasing an additional 1,326 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of Select Energy Services by 356.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 15,515 shares of the company’s stock worth $98,000 after purchasing an additional 12,117 shares in the last quarter. Hedge funds and other institutional investors own 58.69% of the company’s stock.

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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Analyst Recommendations for Select Energy Services (NYSE:WTTR)

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