Shares of Select Energy Services Inc (NYSE:WTTR) have been given an average recommendation of “Buy” by the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $16.11.
Several brokerages have recently commented on WTTR. Johnson Rice upgraded shares of Select Energy Services from an “accumulate” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Wednesday, February 13th. ValuEngine upgraded shares of Select Energy Services from a “strong sell” rating to a “sell” rating in a research report on Tuesday, March 12th. Credit Suisse Group set a $12.00 target price on shares of Select Energy Services and gave the company a “buy” rating in a research report on Friday, March 1st. Piper Jaffray Companies set a $14.00 target price on shares of Select Energy Services and gave the company a “buy” rating in a research report on Tuesday, March 5th. Finally, B. Riley restated a “buy” rating and issued a $19.00 target price (up from $18.00) on shares of Select Energy Services in a research report on Thursday, February 28th.
Shares of Select Energy Services stock opened at $11.94 on Thursday. Select Energy Services has a twelve month low of $6.05 and a twelve month high of $17.86. The company has a quick ratio of 2.15, a current ratio of 2.40 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 13.57 and a beta of 3.24.
Select Energy Services (NYSE:WTTR) last issued its quarterly earnings data on Tuesday, February 26th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. Select Energy Services had a net margin of 2.39% and a return on equity of 5.94%. The business had revenue of $362.32 million during the quarter, compared to analysts’ expectations of $362.50 million. As a group, equities research analysts expect that Select Energy Services will post 0.71 EPS for the current fiscal year.
Several large investors have recently modified their holdings of WTTR. Wells Fargo & Company MN increased its position in Select Energy Services by 40.7% during the 3rd quarter. Wells Fargo & Company MN now owns 117,396 shares of the company’s stock worth $1,390,000 after purchasing an additional 33,959 shares in the last quarter. BlackRock Inc. increased its position in Select Energy Services by 24.7% during the 3rd quarter. BlackRock Inc. now owns 3,841,123 shares of the company’s stock worth $45,479,000 after purchasing an additional 761,511 shares in the last quarter. FMR LLC increased its position in Select Energy Services by 69.7% during the 3rd quarter. FMR LLC now owns 153,767 shares of the company’s stock worth $1,821,000 after purchasing an additional 63,167 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Select Energy Services by 176.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,150,123 shares of the company’s stock worth $13,617,000 after purchasing an additional 733,428 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new position in Select Energy Services during the 3rd quarter worth approximately $1,905,000. Institutional investors own 58.70% of the company’s stock.
Select Energy Services Company Profile
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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