Select Energy Services Inc (NYSE:WTTR) was down 2.1% on Thursday . The stock traded as low as $12.21 and last traded at $12.99. Approximately 28,624 shares traded hands during trading, a decline of 95% from the average daily volume of 618,118 shares. The stock had previously closed at $12.72.

WTTR has been the subject of a number of recent analyst reports. B. Riley reissued a “buy” rating on shares of Select Energy Services in a report on Tuesday, May 22nd. Zacks Investment Research raised Select Energy Services from a “hold” rating to a “strong-buy” rating and set a $18.00 target price for the company in a report on Wednesday, August 1st. Citigroup raised their target price on Select Energy Services from $14.00 to $15.50 and gave the company a “neutral” rating in a report on Wednesday, July 11th. ValuEngine raised Select Energy Services from a “sell” rating to a “hold” rating in a report on Friday, May 11th. Finally, Piper Jaffray Companies reissued a “buy” rating on shares of Select Energy Services in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $18.86.

The company has a debt-to-equity ratio of 0.09, a current ratio of 2.39 and a quick ratio of 2.17. The firm has a market cap of $1.57 billion, a P/E ratio of 16.06 and a beta of 2.44.

Select Energy Services (NYSE:WTTR) last announced its quarterly earnings results on Thursday, August 9th. The company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. Select Energy Services had a return on equity of 3.78% and a net margin of 1.58%. The business had revenue of $393.20 million during the quarter, compared to analysts’ expectations of $403.45 million. During the same quarter last year, the business posted ($0.16) earnings per share. The business’s revenue for the quarter was up 192.6% on a year-over-year basis. research analysts anticipate that Select Energy Services Inc will post 0.92 earnings per share for the current fiscal year.

In other news, CFO Nick L. Swyka purchased 2,500 shares of the company’s stock in a transaction dated Tuesday, August 14th. The stock was acquired at an average price of $13.64 per share, for a total transaction of $34,100.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gary Gillette sold 12,883 shares of the firm’s stock in a transaction on Friday, June 1st. The shares were sold at an average price of $13.45, for a total value of $173,276.35. The disclosure for this sale can be found here. Company insiders own 8.29% of the company’s stock.

Several hedge funds have recently made changes to their positions in WTTR. BlackRock Inc. increased its position in shares of Select Energy Services by 84.5% in the second quarter. BlackRock Inc. now owns 3,079,612 shares of the company’s stock valued at $44,746,000 after buying an additional 1,410,240 shares in the last quarter. Arosa Capital Management LP increased its position in shares of Select Energy Services by 169.5% in the first quarter. Arosa Capital Management LP now owns 1,175,141 shares of the company’s stock valued at $14,830,000 after buying an additional 739,141 shares in the last quarter. Hillman Co. purchased a new position in shares of Select Energy Services in the second quarter valued at $10,061,000. Bank of New York Mellon Corp increased its position in shares of Select Energy Services by 20.9% in the second quarter. Bank of New York Mellon Corp now owns 3,812,102 shares of the company’s stock valued at $55,390,000 after buying an additional 659,270 shares in the last quarter. Finally, American Financial Group Inc. increased its position in shares of Select Energy Services by 61.8% in the second quarter. American Financial Group Inc. now owns 1,413,948 shares of the company’s stock valued at $20,544,000 after buying an additional 540,140 shares in the last quarter. Institutional investors and hedge funds own 45.49% of the company’s stock.

Select Energy Services Company Profile (NYSE:WTTR)

Select Energy Services, Inc, an oilfield services company, provides water management and chemical solutions to the unconventional oil and gas industry in the United States and Western Canada. The company operates through three segments: Water Solutions, Oilfield Chemicals, and Wellsite Services. The Water Solutions segment provides water-related services, including the sourcing of water; the transfer of the water to the wellsite through permanent pipeline infrastructure and temporary hose; the containment of fluids off-and on-location; measuring and monitoring of water; the filtering and treatment of fluids, well testing, and handling of flowback and produced formation water; and the transportation and recycling or disposal of drilling, completion, and production fluids.

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