Select Energy Services Inc (NASDAQ:WTTR)‘s stock had its “buy” rating reaffirmed by equities research analysts at FBR & Co in a research note issued on Friday.

Other equities analysts also recently issued research reports about the company. Citigroup Inc. set a $18.00 target price on Select Energy Services and gave the company a “buy” rating in a research report on Friday, July 21st. J P Morgan Chase & Co assumed coverage on Select Energy Services in a research report on Tuesday, May 16th. They issued a “neutral” rating and a $16.00 target price on the stock. Bank of America Corporation assumed coverage on Select Energy Services in a research report on Tuesday, May 16th. They issued a “buy” rating and a $20.00 target price on the stock. Piper Jaffray Companies assumed coverage on Select Energy Services in a research report on Tuesday, May 16th. They issued an “overweight” rating and a $21.00 target price on the stock. Finally, Zacks Investment Research upgraded Select Energy Services from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $19.71.

Select Energy Services (WTTR) traded down 2.15% during midday trading on Friday, reaching $15.00. 141,122 shares of the company traded hands. The stock’s 50 day moving average is $14.70 and its 200 day moving average is $13.84. The company has a market capitalization of $454.67 million and a price-to-earnings ratio of 0.93. Select Energy Services has a one year low of $11.22 and a one year high of $16.60.

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A number of large investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund purchased a new stake in Select Energy Services during the 2nd quarter worth about $102,000. Alliancebernstein L.P. purchased a new stake in Select Energy Services during the 2nd quarter worth about $141,000. Schwab Charles Investment Management Inc. purchased a new stake in Select Energy Services during the 2nd quarter worth about $192,000. Cubist Systematic Strategies LLC purchased a new stake in Select Energy Services during the 2nd quarter worth about $272,000. Finally, Laurion Capital Management LP purchased a new stake in Select Energy Services during the 2nd quarter worth about $304,000.

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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