Select Energy Services (WTTR) Stock Rating Lowered by ValuEngine

Select Energy Services (NYSE:WTTR) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Several other equities research analysts have also issued reports on the stock. Bank of America reissued a “buy” rating and issued a $20.00 price objective on shares of Select Energy Services in a research report on Friday, December 8th. Wells Fargo & Co reissued an “outperform” rating and issued a $20.00 price objective on shares of Select Energy Services in a research report on Tuesday, November 28th. Zacks Investment Research lowered shares of Select Energy Services from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Piper Jaffray Companies reissued a “buy” rating and issued a $20.00 price objective on shares of Select Energy Services in a research report on Friday, November 10th. Finally, B. Riley reissued a “buy” rating and issued a $21.00 price objective on shares of Select Energy Services in a research report on Monday, November 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $19.11.

Select Energy Services (NYSE WTTR) opened at $17.36 on Friday. Select Energy Services has a 52-week low of $11.22 and a 52-week high of $21.96. The company has a quick ratio of 2.83, a current ratio of 2.84 and a debt-to-equity ratio of 0.04.

Select Energy Services (NYSE:WTTR) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. Select Energy Services had a negative net margin of 6.18% and a negative return on equity of 6.04%. The firm had revenue of $153.90 million during the quarter, compared to analyst estimates of $147.65 million. During the same quarter in the prior year, the business posted ($0.28) earnings per share. Select Energy Services’s revenue for the quarter was up 108.3% compared to the same quarter last year. sell-side analysts expect that Select Energy Services will post -0.02 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Simmons L E & Associates Inc. acquired a new stake in Select Energy Services during the 4th quarter valued at $295,330,000. Strs Ohio grew its holdings in Select Energy Services by 185.2% during the 4th quarter. Strs Ohio now owns 7,700 shares of the company’s stock valued at $140,000 after purchasing an additional 5,000 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Select Energy Services by 228.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 51,838 shares of the company’s stock valued at $946,000 after purchasing an additional 36,038 shares in the last quarter. Neuberger Berman Group LLC acquired a new stake in Select Energy Services during the 3rd quarter valued at $2,406,000. Finally, Point72 Asset Management L.P. acquired a new stake in Select Energy Services during the 3rd quarter valued at $829,000. 22.33% of the stock is owned by institutional investors and hedge funds.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Select Energy Services (NYSE:WTTR)

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