Shares of Select Energy Services Inc (NASDAQ:WTTR) have earned an average rating of “Buy” from the eight brokerages that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $19.71.

WTTR has been the subject of several research reports. FBR & Co initiated coverage on shares of Select Energy Services in a report on Tuesday, May 16th. They set an “outperform” rating and a $23.00 price target for the company. Piper Jaffray Companies initiated coverage on shares of Select Energy Services in a report on Tuesday, May 16th. They set an “overweight” rating and a $21.00 price target for the company. J P Morgan Chase & Co initiated coverage on shares of Select Energy Services in a report on Tuesday, May 16th. They set a “neutral” rating and a $16.00 price target for the company. Citigroup Inc. initiated coverage on shares of Select Energy Services in a report on Tuesday, May 16th. They set a “buy” rating and a $19.00 price target for the company. Finally, Bank of America Corporation initiated coverage on shares of Select Energy Services in a report on Tuesday, May 16th. They set a “buy” rating and a $20.00 price target for the company.

Several hedge funds have recently bought and sold shares of the company. Skylands Capital LLC acquired a new stake in Select Energy Services during the second quarter worth about $531,000. Russell Investments Group Ltd. acquired a new stake in Select Energy Services during the second quarter worth about $613,000. Spark Investment Management LLC acquired a new stake in Select Energy Services during the second quarter worth about $1,545,000. Hodges Capital Management Inc. acquired a new stake in Select Energy Services during the second quarter worth about $7,285,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in Select Energy Services during the second quarter worth about $192,000.

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Select Energy Services (NASDAQ WTTR) traded up 1.08% on Friday, reaching $14.00. 138,789 shares of the company’s stock were exchanged. Select Energy Services has a 12-month low of $11.22 and a 12-month high of $16.60. The firm has a 50 day moving average of $14.10 and a 200-day moving average of $13.73. The company has a market cap of $424.35 million and a P/E ratio of 0.86.

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.

Analyst Recommendations for Select Energy Services (NASDAQ:WTTR)

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