RBC Capital Keeps Their Buy Rating on Select Energy Services (WTTR)

By Carrie Williams

In a report released yesterday, Kurt Hallead from RBC Capital maintained a Buy rating on Select Energy Services (WTTRResearch Report), with a price target of $11.00. The company’s shares closed last Monday at $7.18.

According to TipRanks.com, Hallead ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -14.4% and a 26.3% success rate. Hallead covers the Basic Materials sector, focusing on stocks such as Diamond Offshore Drilling, Oceaneering International, and Oil States International.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Select Energy Services with a $12.33 average price target.

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Select Energy Services’ market cap is currently $616.8M and has a P/E ratio of 177.72. The company has a Price to Book ratio of 0.67.

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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.