Piper Jaffray Companies reaffirmed their buy rating on shares of Select Energy Services Inc (NASDAQ:WTTR) in a report published on Friday. Piper Jaffray Companies currently has a $20.00 target price on the stock.
Other equities analysts also recently issued reports about the company. B. Riley restated a buy rating on shares of Select Energy Services in a report on Wednesday, November 1st. Citigroup Inc. set a $18.00 price objective on Select Energy Services and gave the stock a buy rating in a report on Friday, July 21st. Zacks Investment Research upgraded Select Energy Services from a sell rating to a hold rating in a report on Saturday, August 5th. BidaskClub upgraded Select Energy Services from a hold rating to a buy rating in a report on Wednesday, September 27th. Finally, J P Morgan Chase & Co cut their price objective on Select Energy Services from $16.00 to $13.00 and set a neutral rating on the stock in a report on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. Select Energy Services has an average rating of Hold and a consensus price target of $18.71.
Select Energy Services (NASDAQ WTTR) opened at $15.52 on Friday. Select Energy Services has a twelve month low of $11.22 and a twelve month high of $17.25.
Select Energy Services (NASDAQ:WTTR) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $153.90 million for the quarter, compared to the consensus estimate of $147.65 million. Select Energy Services had a negative return on equity of 11.02% and a negative net margin of 7.80%. The company’s quarterly revenue was up 108.3% compared to the same quarter last year. During the same period last year, the business posted ($0.28) EPS.
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Large investors have recently made changes to their positions in the stock. Crestview Partners II GP L.P. purchased a new stake in shares of Select Energy Services during the 2nd quarter valued at about $46,206,000. Royal Bank of Canada purchased a new stake in shares of Select Energy Services during the 2nd quarter valued at about $7,526,000. Point72 Europe London LLP purchased a new stake in shares of Select Energy Services during the 2nd quarter valued at about $1,694,000. Citadel Advisors LLC purchased a new stake in shares of Select Energy Services during the 2nd quarter valued at about $348,000. Finally, GeoSphere Capital Management purchased a new stake in shares of Select Energy Services during the 2nd quarter valued at about $996,000.
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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