Select Energy Services (NYSE:WTTR) received a $24.00 price target from B. Riley in a report released on Wednesday, March 7th. The brokerage currently has a “buy” rating on the stock. B. Riley’s price target suggests a potential upside of 77.51% from the company’s current price.
Several other equities analysts have also recently issued reports on the company. Citigroup upgraded Select Energy Services from a “sell” rating to a “neutral” rating and set a $17.00 price target on the stock in a research report on Tuesday, February 13th. ValuEngine cut Select Energy Services from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Zacks Investment Research cut Select Energy Services from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Bank of America reiterated a “buy” rating and set a $20.00 price target on shares of Select Energy Services in a research report on Friday, December 8th. Finally, Wells Fargo & Co reiterated an “outperform” rating and set a $20.00 price target on shares of Select Energy Services in a research report on Tuesday, November 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.11.
Shares of Select Energy Services (WTTR) traded down $0.11 during mid-day trading on Wednesday, hitting $13.52. The stock had a trading volume of 62,297 shares, compared to its average volume of 418,963. Select Energy Services has a one year low of $11.22 and a one year high of $21.96. The firm has a market cap of $1,426.05 and a PE ratio of -26.73. The company has a current ratio of 2.84, a quick ratio of 2.83 and a debt-to-equity ratio of 0.04.
In other Select Energy Services news, Director Richard Alan Burnett bought 2,500 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was acquired at an average price of $14.14 per share, with a total value of $35,350.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Holli C. Ladhani bought 29,388 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The stock was acquired at an average cost of $13.87 per share, with a total value of $407,611.56. The disclosure for this purchase can be found here.
Several institutional investors have recently modified their holdings of WTTR. New York State Common Retirement Fund acquired a new stake in Select Energy Services during the second quarter valued at $102,000. First Dallas Securities Inc. acquired a new stake in Select Energy Services during the fourth quarter valued at $136,000. Strs Ohio boosted its position in Select Energy Services by 185.2% during 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 during the last quarter. Alliancebernstein L.P. acquired a new stake in Select Energy Services during the second quarter valued at $141,000. Finally, Metropolitan Life Insurance Co. NY acquired a new stake in Select Energy Services during the fourth quarter valued at $176,000. 43.03% of the stock is owned by institutional investors and hedge funds.
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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