B.Riley FBR Thinks Select Energy Services Inc’s Stock is Going to Recover
B.Riley FBR analyst Tom Curran reiterated a Buy rating on Select Energy Services Inc (NYSE: WTTR) on October 5 and set a price target of $22. The company’s shares closed on Friday at $12.75, close to its 52-week low of $11.50.
According to TipRanks.com, Curran is ranked 0 out of 5 stars with an average return of -3.3% and a 47.6% success rate. Curran covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Baker Hughes a GE company, and Diamond Offshore Drilling.
Select Energy Services Inc has an analyst consensus of Strong Buy, with a price target consensus of $19.60, a 53.7% upside from current levels. In a report issued on October 5, Johnson Rice also initiated coverage with a Buy rating on the stock with a $16 price target.
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Select Energy Services Inc’s market cap is currently $985.6M and has a P/E ratio of 55.99. The company has a Price to Book ratio of 1.23.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WTTR in relation to earlier this year.
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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.