B.Riley FBR’s Take on This Canadian Energy Stock

By Ryan Adsit

B.Riley FBR analyst Tom Curran maintained a Buy rating on Select Energy Services (WTTRResearch Report) on December 23 and set a price target of $15.00. The company’s shares closed last Monday at $9.43.

According to TipRanks.com, Curran is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -8.0% and a 42.4% success rate. Curran covers the Basic Materials sector, focusing on stocks such as Solaris Oilfield Infrastructure, Independence Contract Drilling, and Ranger Energy Services.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Select Energy Services with a $11.03 average price target, representing a 18.0% upside. In a report issued on December 10, Citigroup also maintained a Buy rating on the stock with a $11.00 price target.

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Based on Select Energy Services’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $5.38 million. In comparison, last year the company had a net profit of $22.95 million.

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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.