---
title: "Brooks Reiterates Buy on Select Energy Services, Maintains $21 Price Target Amid High-Margin Iodine JV Upside"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290961011.md"
description: "Northland Securities analyst Bobby Brooks reiterated a Buy rating on Select Energy Services with a $21 price target. He cited the company's differentiated assets and a new high-margin iodine joint venture with ISE Chemicals as key drivers. The JV allows monetization of water infrastructure without significant capital outlay, supporting long-term optionality through planned expansion to 3,000 tonnes annually by 2030."
datetime: "2026-06-26T11:45:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290961011.md)
  - [en](https://longbridge.com/en/news/290961011.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290961011.md)
generator: "portal-rs"
---

# Brooks Reiterates Buy on Select Energy Services, Maintains $21 Price Target Amid High-Margin Iodine JV Upside

Northland Securities analyst Bobby Brooks maintained a Buy rating on Select Energy Services today and set a price target of $21.00.

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Bobby Brooks has given his Buy rating due to a combination of factors that underscore Select Energy Services’ differentiated asset base and earnings potential. He views the new iodine joint venture with ISE Chemicals as another proof point that WTTR can monetize its existing water infrastructure by layering on high-margin royalty streams, without requiring significant capital outlays from the company.

Brooks also highlights that the agreement supports long-term optionality, as the planned expansion to roughly 3,000 tonnes of iodine annually by 2030 is leveraged to attractive commodity pricing and a critical supply chain. With financial estimates unchanged and a price target maintained at $21, he believes the stock offers an appealing risk/reward profile driven by incremental returns on assets and a growing portfolio of mineral-extraction partnerships.

Brooks covers the Industrials sector, focusing on stocks such as Graham, Tetra Technologies, and Crane NXT. According to TipRanks, Brooks has an average return of 42.1% and a 73.58% success rate on recommended stocks.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**