Hodges Capital Management Inc. Takes Position in Select Energy Services Inc (WTTR)
Hodges Capital Management Inc. bought a new position in Select Energy Services Inc (NASDAQ:WTTR) during the second quarter, according to its most recent disclosure with the SEC. The fund bought 599,600 shares of the company’s stock, valued at approximately $7,285,000. Hodges Capital Management Inc. owned 1.99% of Select Energy Services at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in WTTR. Skylands Capital LLC bought a new position in shares of Select Energy Services during the second quarter worth approximately $531,000. Russell Investments Group Ltd. bought a new position in shares of Select Energy Services during the second quarter worth approximately $613,000. Finally, Spark Investment Management LLC bought a new position in shares of Select Energy Services during the second quarter worth approximately $1,545,000.
Select Energy Services Inc (NASDAQ:WTTR) opened at 15.02 on Tuesday. Select Energy Services Inc has a 12-month low of $11.22 and a 12-month high of $16.60. The company’s 50-day moving average price is $13.11 and its 200-day moving average price is $13.11. The stock’s market cap is $453.33 million.
Select Energy Services (NASDAQ:WTTR) last posted its quarterly earnings results on Wednesday, May 17th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.15) by $0.06. Select Energy Services had a negative net margin of 7.80% and a negative return on equity of 11.02%. The company had revenue of $99.90 million during the quarter, compared to analyst estimates of $100.17 million. The firm’s revenue was up 15.2% compared to the same quarter last year. On average, equities analysts expect that Select Energy Services Inc will post ($0.01) EPS for the current fiscal year.
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A number of brokerages have recently commented on WTTR. Zacks Investment Research upgraded Select Energy Services from a “sell” rating to a “hold” rating in a report on Saturday. Piper Jaffray Companies began coverage on Select Energy Services in a report on Tuesday, May 16th. They issued an “overweight” rating and a $21.00 target price for the company. J P Morgan Chase & Co began coverage on Select Energy Services in a report on Tuesday, May 16th. They issued a “neutral” rating and a $16.00 target price for the company. Citigroup Inc. began coverage on Select Energy Services in a report on Tuesday, May 16th. They issued a “buy” rating and a $19.00 target price for the company. Finally, FBR & Co set a $23.00 target price on Select Energy Services and gave the stock a “buy” rating in a report on Tuesday, July 18th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Select Energy Services presently has an average rating of “Buy” and a consensus target price of $19.71.
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.
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