Spark Investment Management LLC acquired a new position in shares of Select Energy Services Inc (NASDAQ:WTTR) during the second quarter, according to its most recent filing with the SEC. The firm acquired 127,200 shares of the company’s stock, valued at approximately $1,545,000. Spark Investment Management LLC owned approximately 0.42% of Select Energy Services as of its most recent filing with the SEC.
Separately, Skylands Capital LLC acquired a new position in shares of Select Energy Services during the second quarter worth $531,000.
Select Energy Services Inc (NASDAQ WTTR) traded down 0.64% on Friday, reaching $14.01. 162,122 shares of the company’s stock traded hands. Select Energy Services Inc has a 52 week low of $11.22 and a 52 week high of $15.95. The firm has a market capitalization of $424.66 million and a P/E ratio of 0.86. The stock has a 50-day moving average of $13.87 and a 200 day moving average of $13.69.
Select Energy Services (NASDAQ:WTTR) last released its quarterly earnings results on Wednesday, May 17th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by $0.06. Select Energy Services had a negative return on equity of 11.02% and a negative net margin of 7.80%. The company had revenue of $99.90 million for the quarter, compared to analyst estimates of $100.17 million. Select Energy Services’s quarterly revenue was up 15.2% compared to the same quarter last year. On average, equities analysts expect that Select Energy Services Inc will post $0.24 EPS for the current fiscal year.
Several research analysts have commented on WTTR shares. Citigroup Inc. set a $18.00 price target on shares of Select Energy Services and gave the stock a “buy” rating in a report on Friday, July 21st. FBR & Co set a $23.00 price target on shares of Select Energy Services and gave the stock a “buy” rating in a report on Tuesday, July 18th. Bank of America Corporation started coverage on shares of Select Energy Services in a report on Tuesday, May 16th. They set a “buy” rating and a $20.00 price target for the company. Zacks Investment Research upgraded shares of Select Energy Services from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Finally, J P Morgan Chase & Co started coverage on shares of Select Energy Services in a report on Tuesday, May 16th. They set a “neutral” rating and a $16.00 price target for the company. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $19.71.
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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