Brokerages Set Select Energy Services Inc (WTTR) Price Target at $19.14

Select Energy Services Inc (NYSE:WTTR) has been assigned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $19.14.

WTTR has been the topic of several analyst reports. B. Riley reissued a “buy” rating and issued a $21.00 price target on shares of Select Energy Services in a report on Monday, November 13th. Piper Jaffray Companies reissued a “buy” rating and issued a $20.00 price target on shares of Select Energy Services in a report on Friday, November 10th. Bank of America reissued a “buy” rating and issued a $20.00 price target on shares of Select Energy Services in a report on Friday, December 8th. Zacks Investment Research raised shares of Select Energy Services from a “sell” rating to a “hold” rating and set a $17.00 price target on the stock in a report on Wednesday, November 15th. Finally, Citigroup raised shares of Select Energy Services from a “sell” rating to a “neutral” rating and set a $17.00 price target on the stock in a report on Tuesday, February 13th.

Shares of Select Energy Services (WTTR) traded up $0.17 during trading on Friday, reaching $16.01. 75,385 shares of the company’s stock traded hands, compared to its average volume of 412,008. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.83 and a current ratio of 2.84. Select Energy Services has a 12-month low of $11.22 and a 12-month high of $21.96.

A number of hedge funds and other institutional investors have recently bought and sold shares of WTTR. MetLife Investment Advisors LLC acquired a new stake in shares of Select Energy Services during the fourth quarter valued at about $255,000. Metropolitan Life Insurance Co. NY acquired a new position in shares of Select Energy Services in the fourth quarter worth approximately $176,000. PEAK6 Investments L.P. acquired a new position in shares of Select Energy Services in the fourth quarter worth approximately $1,081,000. Nokomis Capital L.L.C. acquired a new position in shares of Select Energy Services in the fourth quarter worth approximately $12,134,000. Finally, Millennium Management LLC acquired a new position in shares of Select Energy Services in the fourth quarter worth approximately $4,022,000. 39.07% of the stock is owned by institutional investors and hedge funds.

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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 (NYSE:WTTR)

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