Select Energy Services Inc (WTTR) Rating Reiterated by Piper Jaffray Companies

Select Energy Services Inc (NASDAQ:WTTR)‘s stock had its “buy” rating reiterated by investment analysts at Piper Jaffray Companies in a research note issued on Friday. They currently have a $20.00 target price on the stock. Piper Jaffray Companies’ target price points to a potential upside of 28.87% from the company’s previous close.

Several other equities research analysts have also commented on WTTR. FBR & Co set a $23.00 price objective on shares of Select Energy Services and gave the company a “buy” rating in a research note on Tuesday, July 18th. Citigroup Inc. set a $18.00 price objective on shares of Select Energy Services and gave the company a “buy” rating in a research note on Friday, July 21st. Zacks Investment Research lowered shares of Select Energy Services from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. J P Morgan Chase & Co decreased their price objective on shares of Select Energy Services from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, September 12th. Finally, BidaskClub upgraded shares of Select Energy Services from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.71.

Shares of Select Energy Services (NASDAQ:WTTR) opened at $15.52 on Friday. Select Energy Services has a fifty-two week low of $11.22 and a fifty-two week high of $17.25.

Select Energy Services (NASDAQ:WTTR) last posted its earnings results on Wednesday, November 8th. The company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.01. Select Energy Services had a negative net margin of 7.80% and a negative return on equity of 11.02%. The company had revenue of $153.90 million for the quarter, compared to analyst estimates of $147.65 million. During the same quarter in the prior year, the business posted ($0.28) EPS. The firm’s revenue was up 108.3% compared to the same quarter last year.

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Several institutional investors have recently added to or reduced their stakes in WTTR. New York State Common Retirement Fund bought a new position in shares of Select Energy Services during the 2nd quarter valued at approximately $102,000. Alliancebernstein L.P. bought a new position in shares of Select Energy Services during the 2nd quarter valued at approximately $141,000. Schwab Charles Investment Management Inc. bought a new position in shares of Select Energy Services during the 2nd quarter valued at approximately $192,000. K.J. Harrison & Partners Inc bought a new position in shares of Select Energy Services during the 3rd quarter valued at approximately $252,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Select Energy Services during the 2nd quarter valued at approximately $272,000.

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.

Analyst Recommendations for Select Energy Services (NASDAQ:WTTR)

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