Equities researchers at Wells Fargo & Co initiated coverage on shares of Select Energy Services Inc (NASDAQ:WTTR) in a research report issued to clients and investors on Friday. The firm set an “outperform” rating and a $20.00 price target on the stock. Wells Fargo & Co’s target price would indicate a potential upside of 25.00% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Bank of America Corp initiated coverage on Select Energy Services in a research report on Tuesday. They set a “buy” rating and a $20.00 target price on the stock. Citigroup Inc initiated coverage on Select Energy Services in a research report on Tuesday. They set a “buy” rating and a $19.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on Select Energy Services in a research report on Tuesday. They set a “neutral” rating and a $16.00 target price on the stock. Credit Suisse Group AG initiated coverage on Select Energy Services in a research report on Tuesday. They set an “outperform” rating and a $20.00 target price on the stock. Finally, FBR & Co initiated coverage on Select Energy Services in a research report on Tuesday. They set an “outperform” rating and a $23.00 target price on the stock. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $19.86.

Analyst Recommendations for Select Energy Services (NASDAQ:WTTR)

Shares of Select Energy Services (NASDAQ:WTTR) traded up 4.92% during trading on Friday, hitting $16.00. The stock had a trading volume of 200,837 shares. The stock’s market capitalization is $938.24 million. Select Energy Services has a 12-month low of $14.00 and a 12-month high of $16.55.

Select Energy Services (NASDAQ:WTTR) last posted its earnings results on Wednesday, May 17th. The company reported ($0.21) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.15) by $0.06. The firm had revenue of $99.90 million during the quarter, compared to analysts’ expectations of $100.17 million. The business’s revenue was up 15.2% compared to the same quarter last year. Equities analysts predict that Select Energy Services will post $0.01 EPS for the current fiscal year.

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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.

12 Month Chart for NASDAQ:WTTR

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