Select Energy Services Inc (WTTR) Gets a Buy Rating from B.Riley FBR


In a report released today, Tom Curran from B.Riley FBR reiterated a Buy rating on Select Energy Services Inc (WTTR), with a price target of $19. The company’s shares closed on Friday at $12.49.

Curran wrote:

“On Friday, Bloomberg reported that “Select Energy Services (WTTR)…is in the early stages of considering a sale, according to people familiar with the matter…The…company has spoken to advisers about exploring strategic options, including a potential sale, said the people, who asked not to be identified because the matter isn’t public. Select Energy Services hasn’t made a final decision and could opt to remain independent, the people said.” The article states that Chris George, Treasurer & Vice President-Investor Relations, “declined to comment on any specific sale considerations.” However, George did provide a curious quote: “We are always evaluating our strategic options, as can be seen from our recent decisions to divest of certain non-core businesses as well as to recently re-segment the reporting structure of the business.””

According to TipRanks.com, Curran is ranked 0 out of 5 stars with an average return of -7.9% and a 38.8% success rate. Curran covers the Basic Materials sector, focusing on stocks such as Solaris Oilfield Infrastructure Inc, Independence Contract Drilling, and Ranger Energy Services Inc.

Select Energy Services Inc has an analyst consensus of Strong Buy, with a price target consensus of $14.65.

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Select Energy Services Inc’s market cap is currently $986.2M and has a P/E ratio of 22.59. The company has a Price to Book ratio of 1.18.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock.

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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.

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