What just happened? Select Energy Services, Inc. (NYSE:WTTR) stock value has climbed by nearly 2.52% or (0.19 points) to $7.73 from its previous close of $7.54. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 207450 contracts so far this session. WTTR shares had a relatively better volume day versus average trading capacity of 413.48 thousand shares, but with a 58.04 million float and a -2.58% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for WTTR stock indicates that the average analyst price target is $11.35 per share. This means the stock has a potential increase of 46.83% from where the WTTR share price has been trading recently which is between $7.42 and $7.62.
During the recent trading session for Select Energy Services, Inc. (NYSE:WTTR), the company witnessed their stock rise $0.05 over a week and tumble down $-0.39 from the price 20 days ago. When compared to their established 52-week high of $12.75, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 05/17/19. The recent low of $6.05 stood for a -39.37% since 12/27/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Select Energy Services, Inc., the two-week RSI stands at 50.68. This figure suggests that WTTR stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current WTTR readings is similarly very revealing as it has a stochastic reading of 62% at this stage. This figure means that WTTR share price today is being neutral.
Technical chart claims that Select Energy Services, Inc. (WTTR) would settle between $7.63/share to $7.73/share level. However, if the stock price goes below the $7.43 mark, then the market for Select Energy Services, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $7.33 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.01. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Wells Fargo lowered their recommendation on shares of WTTR from Outperform to Market Perform in their opinion released on June 27. B. Riley FBR analysts again handed out a Buy recommendation to Select Energy Services, Inc. (NYSE:WTTR) stock but they lifted target price for the shares in a flash note issued to investors on February 28. The target price has been raised from $18 to $19. Analysts at Johnson Rice released an upgrade from Accumulate to Buy for the stock, in a research note that dated back to February 13.
WTTR equity has an average rating of 2.22, with the figure leaning towards a bullish end. 8 analysts who tracked the company were contacted by Reuters. Amongst them, 2 rated the stock as a hold while the remaining 6 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 6 analysts rated Select Energy Services, Inc. (NYSE:WTTR) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Select Energy Services, Inc. (WTTR)’s current-quarter revenues are projected to climb by nearly -20.1% to hit $289550, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over -14.6% from $1.53 billion to a noteworthy $1.31 billion. At the other end of the current quarter income statement, Select Energy Services, Inc. is expected to see its adjusted earnings surge by roughly -100% to hit $0 per share. For the fiscal year, WTTR’s earnings are projected to climb by roughly -81.9% to hit $0.15 per share.