Select Energy Services (NYSE:WTTR) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Tuesday.

Several other brokerages have also recently weighed in on WTTR. Zacks Investment Research upgraded shares of Select Energy Services from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective on the stock in a research note on Wednesday, August 1st. Seaport Global Securities reiterated a “buy” rating and issued a $27.00 price objective on shares of Select Energy Services in a research note on Monday, August 13th. Credit Suisse Group lowered their price objective on shares of Select Energy Services from $21.00 to $18.00 and set an “outperform” rating on the stock in a research note on Monday, August 13th. B. Riley set a $22.00 price objective on shares of Select Energy Services and gave the stock a “buy” rating in a research note on Monday, August 13th. Finally, Piper Jaffray Companies reiterated a “buy” rating on shares of Select Energy Services in a research note on Thursday, August 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $18.00.

WTTR traded down $0.28 during midday trading on Tuesday, hitting $9.91. 570,800 shares of the company traded hands, compared to its average volume of 624,208. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.27 and a current ratio of 2.51. The stock has a market capitalization of $1.13 billion, a P/E ratio of 12.39 and a beta of 2.21. Select Energy Services has a 52 week low of $9.11 and a 52 week high of $21.96.

Select Energy Services (NYSE:WTTR) last posted its earnings results on Tuesday, November 6th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The business had revenue of $396.97 million for the quarter, compared to analysts’ expectations of $406.52 million. Select Energy Services had a net margin of 2.80% and a return on equity of 4.95%. The business’s revenue for the quarter was up 158.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.04 EPS. Research analysts forecast that Select Energy Services will post 0.83 EPS for the current fiscal year.

Several large investors have recently modified their holdings of WTTR. Parkwood LLC bought a new position in shares of Select Energy Services in the 2nd quarter worth approximately $149,000. Metropolitan Life Insurance Co. NY increased its holdings in Select Energy Services by 61.2% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 15,515 shares of the company’s stock worth $225,000 after acquiring an additional 5,890 shares in the last quarter. Voya Investment Management LLC increased its holdings in Select Energy Services by 49.5% in the 2nd quarter. Voya Investment Management LLC now owns 17,137 shares of the company’s stock worth $249,000 after acquiring an additional 5,673 shares in the last quarter. MetLife Investment Advisors LLC increased its holdings in Select Energy Services by 57.0% in the 2nd quarter. MetLife Investment Advisors LLC now owns 21,969 shares of the company’s stock worth $319,000 after acquiring an additional 7,972 shares in the last quarter. Finally, Balter Liquid Alternatives LLC purchased a new stake in Select Energy Services in the 2nd quarter worth approximately $389,000. Hedge funds and other institutional investors own 52.62% of the company’s stock.

Select Energy Services Company Profile

Select Energy Services, Inc, an oilfield services company, provides water management and chemical solutions to the unconventional oil and gas industry in the United States and Western Canada. The company operates through three segments: Water Solutions, Oilfield Chemicals, and Wellsite Services. The Water Solutions segment provides water-related services, including the sourcing of water; the transfer of the water to the wellsite through permanent pipeline infrastructure and temporary hose; the containment of fluids off-and on-location; measuring and monitoring of water; the filtering and treatment of fluids, well testing, and handling of flowback and produced formation water; and the transportation and recycling or disposal of drilling, completion, and production fluids.

Read More: Trading Strategy Methods for Individual Investors

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Select Energy Services (NYSE:WTTR)

Receive News & Ratings for Select Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.