B. Riley set a $24.00 target price on Select Energy Services (NYSE:WTTR) in a research note issued to investors on Wednesday morning. The firm currently has a buy rating on the stock.
WTTR has been the subject of a number of other reports. ValuEngine cut shares of Select Energy Services from a hold rating to a sell rating in a research note on Friday, February 2nd. Citigroup upgraded shares of Select Energy Services from a sell rating to a neutral rating and set a $17.00 target price for the company in a research note on Tuesday, February 13th. Bank of America reiterated a buy rating and issued a $20.00 target price on shares of Select Energy Services in a research note on Friday, December 8th. Piper Jaffray Companies reiterated a buy rating and issued a $20.00 target price on shares of Select Energy Services in a research note on Friday, November 10th. Finally, Wells Fargo & Co reiterated an outperform rating and issued a $20.00 target price on shares of Select Energy Services in a research note on Tuesday, November 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $19.33.
Shares of Select Energy Services (WTTR) opened at $13.58 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.84 and a quick ratio of 2.83. The stock has a market cap of $1,529.13 and a P/E ratio of -26.63. Select Energy Services has a one year low of $11.22 and a one year high of $21.96.
Several institutional investors have recently modified their holdings of WTTR. New York State Common Retirement Fund acquired a new stake in shares of Select Energy Services in the second quarter worth $102,000. First Dallas Securities Inc. acquired a new stake in shares of Select Energy Services in the fourth quarter worth $136,000. Strs Ohio lifted its stake in shares of Select Energy Services by 185.2% in the fourth quarter. Strs Ohio now owns 7,700 shares of the company’s stock worth $140,000 after buying an additional 5,000 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in shares of Select Energy Services in the second quarter worth $141,000. Finally, Metropolitan Life Insurance Co. NY acquired a new stake in shares of Select Energy Services in the fourth quarter worth $176,000. Institutional investors and hedge funds own 43.03% of the company’s stock.
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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.
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