Citigroup Inc. downgraded shares of Select Energy Services Inc (NASDAQ:WTTR) from a buy rating to a sell rating in a report released on Wednesday, MarketBeat reports. Citigroup Inc. currently has $15.00 price objective on the stock, down from their prior price objective of $18.00.

WTTR has been the subject of a number of other reports. Zacks Investment Research cut shares of Select Energy Services from a hold rating to a sell rating in a research note on Friday, September 15th. FBR & Co set a $23.00 price target on shares of Select Energy Services and gave the stock a buy rating in a research note on Tuesday, July 18th. Finally, J P Morgan Chase & Co dropped their price target on shares of Select Energy Services from $16.00 to $13.00 and set a neutral rating for the company in a research note on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $18.86.

Select Energy Services (NASDAQ WTTR) opened at 15.92 on Wednesday. The company has a market capitalization of $482.55 million and a P/E ratio of 0.98. Select Energy Services has a 52 week low of $11.22 and a 52 week high of $17.25. The company has a 50 day moving average price of $14.77 and a 200-day moving average price of $14.04.

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Several hedge funds have recently added to or reduced their stakes in WTTR. Skylands Capital LLC purchased a new position in shares of Select Energy Services during the 2nd quarter worth about $531,000. Russell Investments Group Ltd. purchased a new stake in Select Energy Services in the 2nd quarter valued at about $613,000. Spark Investment Management LLC purchased a new stake in Select Energy Services in the 2nd quarter valued at about $1,545,000. Hodges Capital Management Inc. purchased a new stake in Select Energy Services in the 2nd quarter valued at about $7,285,000. Finally, Schwab Charles Investment Management Inc. purchased a new stake in Select Energy Services in the 2nd quarter valued at about $192,000.

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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