Select Energy Services, Inc. (WTTR) Reaches $20.90 After 4.00% Up Move; Brave Asset Management Has Cut Corning (GLW) Stake

January 14, 2018 - By Linda Rogers

Brave Asset Management Inc decreased Corning Inc (GLW) stake by 11.39% reported in 2017Q3 SEC filing. Brave Asset Management Inc sold 14,369 shares as Corning Inc (GLW)’s stock rose 5.06%. The Brave Asset Management Inc holds 111,797 shares with $3.35M value, down from 126,166 last quarter. Corning Inc now has $30.12B valuation. The stock increased 2.67% or $0.9 during the last trading session, reaching $34.66. About 6.59 million shares traded or 23.76% up from the average. Corning Incorporated (NYSE:GLW) has risen 53.38% since January 14, 2017 and is uptrending. It has outperformed by 36.68% the S&P500.

The stock of Select Energy Services, Inc. (NYSE:WTTR) is a huge mover today! The stock increased 5.77% or $1.14 during the last trading session, reaching $20.9. About 777,071 shares traded or 122.04% up from the average. Select Energy Services, Inc. (NYSE:WTTR) has 0.00% since January 14, 2017 and is . It has underperformed by 16.70% the S&P500.The move comes after 9 months positive chart setup for the $2.22 billion company. It was reported on Jan, 14 by Barchart.com. We have $21.74 PT which if reached, will make NYSE:WTTR worth $88.84M more.

Analysts await Select Energy Services, Inc. (NYSE:WTTR) to report earnings on February, 14. WTTR’s profit will be $13.81 million for 40.19 P/E if the $0.13 EPS becomes a reality. After $0.04 actual earnings per share reported by Select Energy Services, Inc. for the previous quarter, Wall Street now forecasts 225.00% EPS growth.

Select Energy Services, Inc., an oilfield services company, provides water solutions to the United States unconventional gas and oil industry. The company has market cap of $2.22 billion. The firm operates through three divisions: Water Solutions, Accommodations and Rentals, and Wellsite Completion and Construction Services. It has a 0.39 P/E ratio. The Water Solutions segment provides water solutions, including the sourcing of water; the transfer of the water to the wellsite through permanent pipeline infrastructure and temporary pipe; 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.

Among 3 analysts covering Select Energy Services (NYSE:WTTR), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. Select Energy Services had 4 analyst reports since July 21, 2017 according to SRatingsIntel. The stock of Select Energy Services, Inc. (NYSE:WTTR) earned “Buy” rating by Bank of America on Friday, December 8. The stock has “Buy” rating by Citigroup on Friday, July 21. Citigroup downgraded the shares of WTTR in report on Wednesday, September 27 to “Sell” rating. JP Morgan maintained it with “Neutral” rating and $13 target in Tuesday, September 12 report.

Brave Asset Management Inc increased Ishares Tr (EEM) stake by 22,491 shares to 44,718 valued at $2.00 million in 2017Q3. It also upped Vanguard Bd Index Fd Inc (BSV) stake by 8,781 shares and now owns 27,102 shares. Spdr S&P 500 Etf Tr (Put) (SPY) was raised too.

Since August 24, 2017, it had 0 insider buys, and 7 insider sales for $12.68 million activity. Pambianchi Christine M sold $942,619 worth of stock. 48,125 Corning Incorporated (NYSE:GLW) shares with value of $1.38 million were sold by McRae Lawrence D. On Wednesday, October 25 the insider TOOKES HANSEL E II sold $205,778. On Thursday, August 24 the insider Kinlin Clark S sold $1.33 million. RIEMAN DEBORAH sold 2,083 shares worth $66,979. Musser Eric S sold $945,178 worth of stock or 29,949 shares. WEEKS WENDELL P had sold 248,857 shares worth $7.81M on Tuesday, October 31.

Among 18 analysts covering Corning Incorporated (NYSE:GLW), 5 have Buy rating, 2 Sell and 11 Hold. Therefore 28% are positive. Corning Incorporated had 44 analyst reports since July 30, 2015 according to SRatingsIntel. The company was reinitiated on Friday, September 25 by Goldman Sachs. The firm has “Hold” rating given on Tuesday, May 30 by Jefferies. UBS maintained it with “Neutral” rating and $19 target in Wednesday, October 28 report. The firm has “Buy” rating by Goldman Sachs given on Wednesday, November 2. The company was maintained on Wednesday, October 25 by Citigroup. On Tuesday, December 12 the stock rating was maintained by Guggenheim with “Buy”. The rating was initiated by Guggenheim with “Buy” on Wednesday, January 4. The firm earned “Hold” rating on Friday, October 9 by Drexel Hamilton. On Thursday, April 13 the stock rating was maintained by Stifel Nicolaus with “Hold”. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, September 8 report.

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