🔴 Select Energy Services is trading 6% down today as crude prices fall

Select Energy Services is trading 5.69% down now at $21.02, with the pullback appearing primarily sector-driven as energy stocks decline alongside sharply lower crude prices.

• Shares gained 20.32% on August 5 following strong second-quarter results.
• Revenue was $395.8 million, while adjusted EBITDA reached $92.7 million, above the $77 million-$80 million guidance range.
• The August 6 pullback comes amid optimism about a potential U.S.-Iran diplomatic breakthrough and reopening of the Strait of Hormuz.