Schwab Charles Investment Management Inc. acquired a new position in Select Energy Services Inc (NASDAQ:WTTR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,800 shares of the company’s stock, valued at approximately $192,000. Schwab Charles Investment Management Inc. owned about 0.05% of Select Energy Services at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. Skylands Capital LLC acquired a new stake in Select Energy Services during the second quarter worth $531,000. Russell Investments Group Ltd. acquired a new stake in Select Energy Services during the second quarter worth $613,000. Spark Investment Management LLC acquired a new stake in Select Energy Services during the second quarter worth $1,545,000. Finally, Hodges Capital Management Inc. acquired a new stake in Select Energy Services during the second quarter worth $7,285,000.

A number of equities research analysts have weighed in on WTTR shares. Zacks Investment Research downgraded 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. BidaskClub downgraded shares of Select Energy Services from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. Piper Jaffray Companies reiterated a “buy” rating and set a $20.00 price target on shares of Select Energy Services in a research note on Friday. Finally, Citigroup Inc. downgraded shares of Select Energy Services from a “buy” rating to a “sell” rating and decreased their price target for the stock from $18.00 to $15.00 in a research note on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $19.00.

Shares of Select Energy Services Inc (NASDAQ:WTTR) opened at $15.43 on Tuesday. Select Energy Services Inc has a 52 week low of $11.22 and a 52 week high of $17.25.

Select Energy Services (NASDAQ:WTTR) last issued its earnings results on Wednesday, November 8th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.01. 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 $153.90 million for the quarter, compared to the consensus estimate of $147.65 million. During the same quarter in the previous year, the company earned ($0.28) EPS. The firm’s revenue for the quarter was up 108.3% compared to the same quarter last year.

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

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