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A Look At Select Energy Services Inc. (NYSE: WTTR): How Much Is It Worth And How Should It Be Assessed?

Select Energy Services Inc. (NYSE:WTTR)’s traded shares stood at 2.03 million during the last session, with the company’s beta value hitting 1.99. At the close of trading, the stock’s price was $5.96, to imply a decrease of -1.65% or -$0.1 in intraday trading. The WTTR share’s 52-week high remains $9.84, putting it -65.1% down since that peak but still an impressive 1.17% since price per share fell to its 52-week low of $5.89. The company has a valuation of $773.01M, with an average of 0.83 million shares in intraday trading volume over the past 10 days and average of 708.63K shares over the past 3 months.

Select Energy Services Inc. (NYSE:WTTR) trade information

After registering a -1.65% downside in the last session, Select Energy Services Inc. (WTTR) has traded red over the past five days. The stock hit a weekly high of 6.99 this Thursday, 03/16/23, dropping -1.65% in its intraday price action. The 5-day price performance for the stock is -14.37%, and -33.18% over 30 days. With these gigs, the year-to-date price performance is -35.50%. Short interest in Select Energy Services Inc. (NYSE:WTTR) saw shorts transact 1.44 million shares and set a 2.36 days time to cover.

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Select Energy Services Inc. (WTTR) estimates and forecasts

Looking at statistics comparing Select Energy Services Inc. share performance against respective industry, we note that the company has outperformed competitors. Select Energy Services Inc. (WTTR) shares are -19.02% down over the last 6 months, with its year-to-date growth rate higher than industry average at 138.00% against 44.90%. Revenue is forecast to grow 340.00% this quarter before jumping 214.30% for the next one. The rating firms project that company’s revenue will grow 82.50% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is $388.78 million. Meanwhile, for the quarter ending Mar 2023, a total of 1 analyst(s) estimate revenue growth to $408.45 million.Earnings reports from the last fiscal year show that sales brought in $255.13 million and $294.77 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 52.40% before jumping 38.60% in the following quarter.

WTTR Dividends

Select Energy Services Inc. has its next earnings report out between May 01 and May 05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Select Energy Services Inc. has a forward dividend ratio of 0.20, with the share yield ticking at 3.36% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Select Energy Services Inc. (NYSE:WTTR)’s Major holders

Select Energy Services Inc. insiders hold 14.15% of total outstanding shares, with institutional holders owning 63.70% of the shares at 74.20% float percentage. In total, 63.70% institutions holds shares in the company, led by SCF Partners, Inc. As of Dec 30, 2022, the company held over 11.91 million shares (or 12.14% of shares), all amounting to roughly $110.06 million.

The next major institution holding the largest number of shares is Blackrock Inc. with 5.68 million shares, or about 5.79% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $39.56 million.

We also have VanEck ETF Trust-VanEck Oil Services ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Select Energy Services Inc. (WTTR) shares. Going by data provided on Dec 30, 2022, VanEck ETF Trust-VanEck Oil Services ETF holds roughly 3.27 million shares. This is just over 3.34% of the total shares, with a market valuation of $30.26 million. Data from the same date shows that the other fund manager holds a little less at 1.98 million, or 2.02% of the shares, all valued at about 13.83 million.

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