Select Energy Services (NYSE:WTTR) Shares Gap Down to $7.05

Shares of Select Energy Services, Inc. (NYSE:WTTRGet Rating) gapped down before the market opened on Friday . The stock had previously closed at $7.05, but opened at $6.68. Select Energy Services shares last traded at $6.42, with a volume of 5,107 shares traded.

Select Energy Services Stock Down 10.2 %

The stock has a 50-day simple moving average of $7.05 and a 200 day simple moving average of $7.72. The company has a market cap of $723.71 million, a PE ratio of 44.07 and a beta of 2.23.

Select Energy Services (NYSE:WTTRGet Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.09. Select Energy Services had a negative return on equity of 1.03% and a net margin of 1.54%. The firm had revenue of $335.90 million during the quarter, compared to the consensus estimate of $318.28 million. As a group, research analysts anticipate that Select Energy Services, Inc. will post 0.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Dorsey Wright & Associates purchased a new stake in shares of Select Energy Services in the 1st quarter valued at $39,000. Amalgamated Bank acquired a new stake in shares of Select Energy Services during the first quarter worth about $65,000. Teacher Retirement System of Texas purchased a new position in shares of Select Energy Services in the fourth quarter valued at approximately $78,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Select Energy Services in the first quarter valued at approximately $102,000. Finally, Aigen Investment Management LP purchased a new stake in Select Energy Services during the 1st quarter worth approximately $111,000. 59.54% of the stock is currently owned by institutional investors and hedge funds.

Select Energy Services Company Profile

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Select Energy Services, Inc, an oilfield services company, provides water management and chemical solutions to the onshore oil and gas industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Oilfield Chemicals. The Water Services segment provides water-related services, including water transfer, flow back and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various on-site rental equipment and workforce accommodation services.

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