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Select Energy Services Inc (WTTR) Stock: What Does the Chart Say Wednesday?

Wednesday, March 22, 2023 02:21 PM | InvestorsObserver Analysts

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Select Energy Services Inc (WTTR) Stock: What Does the Chart Say Wednesday?

Select Energy Services Inc (WTTR) stock is up 2.48% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Select Energy Services Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on WTTR!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With WTTR Stock Today?

Select Energy Services Inc (WTTR) stock has fallen -1.9% while the S&P 500 is higher by 0.24% as of 2:20 PM on Wednesday, Mar 22. WTTR has fallen -$0.12 from the previous closing price of $6.33 on volume of 500,796 shares. Over the past year the S&P 500 has fallen -10.06% while WTTR has fallen -31.68%. WTTR earned $0.43 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 14.43. To screen for more stocks like Select Energy Services Inc click here.

More About Select Energy Services Inc

Select Energy Services Inc is a of comprehensive water-management and chemical solutions to the oil and gas industry in the U.S.. The company operates in three segments, 1) Water Services segment consists of water transfer, flowback and well testing, fluids hauling, water monitoring, water containment and water network automation, serving oil and gas exploration and production companies. 2) Water Infrastructure segment provides water sourcing, storage, recycling, gathering, transferring and disposal of water. 3) Oilfield Chemicals segment includes developing, manufacturing, managing logistics and providing a full suite of completion chemical products utilized in hydraulic fracturing, stimulation, cementing and related well completion processes. Click Here to get the full Stock Report for Select Energy Services Inc stock.

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