Select Energy Services (WTTR) Receives a Buy from Northland Securities
In a report released on April 24, Bobby Brooks from Northland Securities maintained a Buy rating on Select Energy Services, with a price target of $18.00. The company’s shares closed last Friday at $16.74.
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Brooks covers the Industrials sector, focusing on stocks such as Graham, Crane NXT, and Tetra Technologies. According to TipRanks, Brooks has an average return of 42.5% and a 71.95% success rate on recommended stocks.
Select Energy Services has an analyst consensus of Strong Buy, with a price target consensus of $17.33.
Based on Select Energy Services’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $346.5 million and a GAAP net loss of $346 thousand. In comparison, last year the company earned a revenue of $349.05 million and had a GAAP net loss of $1.64 million
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WTTR in relation to earlier this year. Earlier this month, Crestview Partners II GP, L.P., a Director at WTTR sold 3,096,223.00 shares for a total of $46,814,891.76.
