B.Riley FBR Maintains a Buy Rating on Select Energy Services (WTTR)

By Austin Angelo

B.Riley FBR analyst Tom Curran maintained a Buy rating on Select Energy Services (WTTRResearch Report) on August 24 and set a price target of $7.25. The company’s shares closed last Thursday at $4.55.

According to TipRanks.com, Curran has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -15.5% and a 33.2% success rate. Curran covers the Industrial Goods sector, focusing on stocks such as Solaris Oilfield Infrastructure, Independence Contract Drilling, and Liberty Oilfield Services.

Currently, the analyst consensus on Select Energy Services is a Moderate Buy with an average price target of $6.75.

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The company has a one-year high of $9.68 and a one-year low of $2.22. Currently, Select Energy Services has an average volume of 276.3K.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WTTR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Select Energy Services Inc. engages in the provision of water management and chemical solutions. It operates through the following business segments: Water Solutions, Oilfield Chemicals, and Wellsite Services. The Water Solutions segment provides water-related services to customers that includes integrated oil companies and independent oil and natural gas producers. The Oilfield Chemicals segment develops, manufactures and provides a full suite of chemicals utilized in hydraulic fracturing, stimulation, cementing and well completions, including polymer slurries, crosslinkers, friction reducers, buffers, breakers, and other chemical technologies, to pressure pumping service companies. The Wellsite Services segment offers oil and natural gas operators with a variety of services, including providing workforce accommodations and surface rental equipment, crane and logistics services, wellsite, and pipeline construction and field services. The company was founded on November 21, 2016 and is headquartered in Houston, TX.