Select Energy Services (NYSE:WTTR) Trading Up 4.2%

Select Energy Services, Inc. (NYSE:WTTR – Get Rating) shares rose 4.2% during trading on Wednesday . The stock traded as high as $8.68 and last traded at $8.67. Approximately 240,093 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 574,906 shares. The stock had previously closed at $8.32.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on WTTR shares. Piper Sandler boosted their price target on Select Energy Services from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday, November 18th. TheStreet upgraded shares of Select Energy Services from a “c” rating to a “b-” rating in a report on Thursday, November 3rd.

Select Energy Services Trading Up 4.0 %

The firm has a market cap of $988.89 million, a PE ratio of 16.00 and a beta of 2.02. The company’s 50-day moving average is $8.51 and its 200 day moving average is $7.85.

Select Energy Services (NYSE:WTTR – Get Rating) last issued its earnings results on Wednesday, November 2nd. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The company had revenue of $375.07 million for the quarter, compared to the consensus estimate of $355.25 million. Select Energy Services had a return on equity of 3.56% and a net margin of 3.98%. On average, research analysts predict that Select Energy Services, Inc. will post 0.54 EPS for the current fiscal year.

Select Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 17th. Stockholders of record on Monday, November 7th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Friday, November 4th. Select Energy Services’s dividend payout ratio is currently 38.46%.

Institutional Investors Weigh In On Select Energy Services

Large investors have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in Select Energy Services by 2.2% in the 3rd quarter. BlackRock Inc. now owns 5,675,266 shares of the company’s stock worth $39,555,000 after purchasing an additional 122,394 shares during the last quarter. Van ECK Associates Corp grew its stake in Select Energy Services by 8.7% in the 2nd quarter. Van ECK Associates Corp now owns 5,465,947 shares of the company’s stock valued at $37,278,000 after buying an additional 438,510 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Select Energy Services by 6.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,558,914 shares of the company’s stock worth $24,807,000 after acquiring an additional 221,583 shares during the period. Vanguard Group Inc. lifted its position in Select Energy Services by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,390,191 shares of the company’s stock worth $23,629,000 after acquiring an additional 84,092 shares during the last quarter. Finally, Cannell Capital LLC lifted its position in Select Energy Services by 42.8% during the 1st quarter. Cannell Capital LLC now owns 2,948,758 shares of the company’s stock worth $25,271,000 after acquiring an additional 884,022 shares during the last quarter. Institutional investors own 58.35% 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.