WTTR - Oil and gas services led energy sector losers this week while exploration names gained

May, 21 2021 02:45 PM Select Energy Services Inc. Class A

The price of oil dipped nearly 3% this week, but remains near a two-year high, currently trading at $63.62. That didn't seem to hurt oil & gas exploration companies like Laredo Petroleum (LPI), Tellurian (TELL), Range Resources (RRC), and Torchlight Energy (TRCH) - all among the top performers in the energy sector this week.Service providers, however, didn't fare as well, with Select Energy Services (WTTR), Matrix Service (MTRX) , RPC, Inc. (RES) among the top five energy sector decliners. Rounding out the top five losers were Texas Pacific Land Trust (TPL) and CrossAmerica Partners (CAPL).Continuing its big bounce from last March's Covid panic and resultant negative oil price, the energy sector (XLE) remains the strongest S&P sector in 2021, with a 37% advance vs. the S&P 500's 10.7% gain.The week's big sector news stories: The $4.4M ransomware payment made to Darkside by the owners of Colonial Pipeline, and big progress between the U.S. and

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Oil and gas services led energy sector losers this week, while exploration names gained

Company Name:	Select Energy Services Inc. Class A
Stock Symbol:	WTTR
Market:	NYSE
Website:	selectenergyservices.com

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