Teacher Retirement System of Texas bought a new stake in Select Energy Services Inc (NASDAQ:WTTR) during the second quarter, according to its most recent filing with the SEC. The fund bought 600,000 shares of the company’s stock, valued at approximately $7,290,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Hodges Capital Management Inc. purchased a new stake in Select Energy Services during the second quarter valued at approximately $7,285,000. Spark Investment Management LLC purchased a new stake in Select Energy Services during the second quarter valued at approximately $1,545,000. Russell Investments Group Ltd. purchased a new stake in Select Energy Services during the second quarter valued at approximately $613,000. Skylands Capital LLC purchased a new stake in Select Energy Services during the second quarter valued at approximately $531,000. Finally, Schwab Charles Investment Management Inc. purchased a new stake in Select Energy Services during the second quarter valued at approximately $192,000.

Select Energy Services Inc (WTTR) opened at 14.69 on Tuesday. The firm has a 50 day moving average of $13.63 and a 200-day moving average of $13.63. The firm has a market cap of $445.27 million and a price-to-earnings ratio of 0.91. Select Energy Services Inc has a one year low of $11.22 and a one year high of $16.60.

Select Energy Services (NASDAQ:WTTR) last released its quarterly earnings data on Wednesday, May 17th. The company reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by $0.06. The company had revenue of $99.90 million during the quarter, compared to analyst estimates of $100.17 million. Select Energy Services had a negative net margin of 7.80% and a negative return on equity of 11.02%. The company’s revenue was up 15.2% on a year-over-year basis. Equities research analysts forecast that Select Energy Services Inc will post $0.04 EPS for the current fiscal year.

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A number of equities analysts have weighed in on WTTR shares. Credit Suisse Group started coverage on shares of Select Energy Services in a report on Tuesday, May 16th. They issued an “outperform” rating and a $20.00 price target on the stock. FBR & Co set a $23.00 price target on shares of Select Energy Services and gave the company a “buy” rating in a report on Tuesday, July 18th. Zacks Investment Research lowered shares of Select Energy Services from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Wells Fargo & Company started coverage on shares of Select Energy Services in a report on Friday, May 19th. They issued an “outperform” rating and a $20.00 price target on the stock. Finally, Piper Jaffray Companies started coverage on shares of Select Energy Services in a report on Tuesday, May 16th. They issued an “overweight” rating and a $21.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Select Energy Services presently has an average rating of “Buy” and a consensus target price of $19.71.

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.

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Institutional Ownership by Quarter for Select Energy Services (NASDAQ:WTTR)

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