Shares of Select Energy Services Inc (NASDAQ:WTTR) have been assigned a consensus recommendation of “Buy” from the eight ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $18.67.

WTTR has been the subject of a number of analyst reports. Zacks Investment Research cut Select Energy Services from a “hold” rating to a “sell” rating in a report on Friday, July 28th. J P Morgan Chase & Co reduced their target price 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. FBR & Co reissued a “buy” rating on shares of Select Energy Services in a report on Friday, September 8th. Finally, Citigroup Inc. set a $18.00 target price on Select Energy Services and gave the company a “buy” rating in a report on Friday, July 21st.

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Shares of Select Energy Services (NASDAQ:WTTR) traded up 3.69% during mid-day trading on Wednesday, reaching $16.88. The company had a trading volume of 621,173 shares. The company has a market capitalization of $511.65 million and a price-to-earnings ratio of 1.04. Select Energy Services has a 52 week low of $11.22 and a 52 week high of $17.25. The stock has a 50 day moving average of $14.77 and a 200-day moving average of $14.04.

Several large investors have recently bought and sold shares of the stock. New York State Common Retirement Fund purchased a new position in Select Energy Services in the second quarter worth approximately $102,000. Alliancebernstein L.P. purchased a new position in Select Energy Services in the second quarter worth approximately $141,000. Schwab Charles Investment Management Inc. purchased a new position in Select Energy Services in the second quarter worth approximately $192,000. Cubist Systematic Strategies LLC purchased a new position in Select Energy Services in the second quarter worth approximately $272,000. Finally, Laurion Capital Management LP purchased a new position in Select Energy Services in the second quarter worth approximately $304,000.

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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