Select Energy Services Inc (WTTR) Rating Lowered to Hold at BidaskClub

Select Energy Services Inc (NASDAQ:WTTR) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other analysts also recently weighed in on the company. Citigroup Inc. set a $18.00 target price on Select Energy Services and gave the stock a “buy” rating in a research report on Friday, July 21st. Zacks Investment Research downgraded Select Energy Services from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. FBR & Co set a $23.00 price objective on Select Energy Services and gave the company a “buy” rating in a report on Tuesday, July 18th. Finally, J P Morgan Chase & Co decreased their price objective on Select Energy Services from $16.00 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $18.86.

Shares of Select Energy Services (NASDAQ WTTR) opened at 14.98 on Friday. Select Energy Services has a 12-month low of $11.22 and a 12-month high of $17.25. The company’s 50-day moving average is $15.15 and its 200-day moving average is $14.38. The company has a market capitalization of $454.06 million and a price-to-earnings ratio of 0.92.

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Hedge funds have recently added to or reduced their stakes in the stock. Crestview Partners II GP L.P. bought a new stake in shares of Select Energy Services in the second quarter valued at about $46,206,000. Jennison Associates LLC bought a new stake in shares of Select Energy Services in the second quarter valued at about $5,260,000. K2 Principal Fund L.P. bought a new stake in shares of Select Energy Services in the second quarter valued at about $2,219,000. Russell Investments Group Ltd. bought a new stake in shares of Select Energy Services in the second quarter valued at about $613,000. Finally, HITE Hedge Asset Management LLC bought a new stake in shares of Select Energy Services in the second quarter valued at about $6,075,000.

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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