Select Energy Services Inc (NYSE:WTTR) CEO Holli C. Ladhani bought 29,388 shares of the stock in a transaction that occurred on Wednesday, March 14th. The shares were purchased at an average price of $13.87 per share, with a total value of $407,611.56. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Select Energy Services Inc (NYSE WTTR) traded down $0.28 on Wednesday, reaching $13.42. The company’s stock had a trading volume of 395,893 shares, compared to its average volume of 420,787. The firm has a market capitalization of $1,477.06 and a price-to-earnings ratio of -26.31. Select Energy Services Inc has a 52 week low of $11.22 and a 52 week high of $21.96. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.83 and a current ratio of 2.84.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Simmons L E & Associates Inc. purchased a new position in shares of Select Energy Services in the 4th quarter valued at approximately $295,330,000. Bank of New York Mellon Corp boosted its stake in shares of Select Energy Services by 20.1% in the fourth quarter. Bank of New York Mellon Corp now owns 2,326,340 shares of the company’s stock valued at $42,433,000 after buying an additional 390,117 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Select Energy Services by 0.5% in the fourth quarter. Teacher Retirement System of Texas now owns 2,042,106 shares of the company’s stock valued at $37,248,000 after buying an additional 9,706 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Select Energy Services by 155.3% in the fourth quarter. BlackRock Inc. now owns 1,216,777 shares of the company’s stock valued at $22,194,000 after buying an additional 740,120 shares in the last quarter. Finally, Nokomis Capital L.L.C. purchased a new stake in shares of Select Energy Services in the fourth quarter valued at approximately $12,134,000. 43.03% of the stock is currently owned by institutional investors.
A number of brokerages recently commented on WTTR. Wells Fargo & Co restated an “outperform” rating and set a $20.00 target price on shares of Select Energy Services in a report on Tuesday, November 28th. Zacks Investment Research lowered Select Energy Services from a “buy” rating to a “sell” rating in a research report on Wednesday. ValuEngine lowered Select Energy Services from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. B. Riley set a $24.00 price target on Select Energy Services and gave the company a “buy” rating in a research report on Tuesday. Finally, Citigroup raised Select Energy Services from a “sell” rating to a “neutral” rating and set a $17.00 price target on the stock in a research report on Tuesday, February 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Select Energy Services presently has a consensus rating of “Hold” and an average price target of $19.33.
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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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