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

Select Energy Services, Inc. (NYSE:WTTRGet Rating) shares gapped down prior to trading 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 changing hands.

Select Energy Services Stock Performance

The firm has a market cap of $723.71 million, a price-to-earnings ratio of 44.07 and a beta of 2.23. The firm has a 50-day moving average price of $7.05 and a two-hundred day moving average price of $7.72.

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

Hedge Funds Weigh In On Select Energy Services

Several large investors have recently bought and sold shares of the stock. Dorsey Wright & Associates purchased a new stake in shares of Select Energy Services in the 1st quarter valued at about $39,000. Amalgamated Bank acquired a new position in Select Energy Services during the first quarter worth approximately $65,000. Teacher Retirement System of Texas acquired a new position in Select Energy Services during the fourth quarter worth approximately $78,000. Campbell & CO Investment Adviser LLC purchased a new stake in Select Energy Services in the first quarter valued at approximately $102,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Select Energy Services in the first quarter valued at approximately $111,000. Institutional investors and hedge funds own 59.54% of the company’s stock.

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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