Select Egy Svcs (WTTR) Receives Average Recommendation of “Buy” from Analysts

Shares of Select Egy Svcs (NYSE:WTTR) have been given an average rating of “Buy” by the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $18.25.

WTTR has been the subject of several analyst reports. Citigroup downgraded Select Egy Svcs from a “buy” rating to a “sell” rating and lowered their price objective for the stock from $18.00 to $15.00 in a research note on Wednesday, September 27th. Piper Jaffray Companies reissued a “buy” rating and issued a $20.00 price objective on shares of Select Egy Svcs in a research note on Friday, November 10th. Zacks Investment Research downgraded Select Egy Svcs from a “hold” rating to a “sell” rating in a research note on Friday, September 15th. B. Riley reissued a “buy” rating and issued a $21.00 price objective on shares of Select Egy Svcs in a research note on Monday, November 13th. Finally, J P Morgan Chase & Co lowered their price objective on Select Egy Svcs from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, September 12th.

Select Egy Svcs (WTTR) opened at $16.55 on Monday. Select Egy Svcs has a 52 week low of $11.22 and a 52 week high of $17.37. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.84 and a quick ratio of 2.83.

Select Egy Svcs (NYSE:WTTR) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $153.90 million during the quarter, compared to the consensus estimate of $147.65 million. Select Egy Svcs had a negative return on equity of 6.04% and a negative net margin of 6.18%. The company’s quarterly revenue was up 108.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.28) earnings per share. sell-side analysts predict that Select Egy Svcs will post 0.14 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in WTTR. New York State Common Retirement Fund bought a new position in shares of Select Egy Svcs in the second quarter valued at approximately $102,000. Alliancebernstein L.P. bought a new position in shares of Select Egy Svcs in the second quarter valued at approximately $141,000. Schwab Charles Investment Management Inc. bought a new position in shares of Select Egy Svcs in the second quarter valued at approximately $192,000. California State Teachers Retirement System grew its holdings in shares of Select Egy Svcs by 117.4% in the third quarter. California State Teachers Retirement System now owns 15,000 shares of the company’s stock valued at $239,000 after acquiring an additional 8,100 shares in the last quarter. Finally, K.J. Harrison & Partners Inc bought a new position in shares of Select Egy Svcs in the third quarter valued at approximately $252,000. 22.30% of the stock is owned by institutional investors.

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About Select Egy Svcs

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 Egy Svcs (NYSE:WTTR)

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