Select Water Solutions (NYSE:WTTR) Sets New 1-Year High at $9.76

Shares of Select Water Solutions, Inc. (NYSE:WTTR) hit a new 52-week high during trading on Thursday . The company traded as high as $9.76 and last traded at $9.48, with a volume of 70609 shares trading hands. The stock had previously closed at $9.27.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WTTR. Citigroup upgraded shares of Select Water Solutions from a “neutral” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Thursday. Northland Securities began coverage on shares of Select Water Solutions in a research note on Monday, April 22nd. They set a “market perform” rating and a $11.50 price target on the stock.

Select Water Solutions Stock Up 2.2 %

The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.76 and a current ratio of 1.94. The firm has a market capitalization of $1.12 billion, a PE ratio of 14.27 and a beta of 1.65. The company’s 50 day simple moving average is $9.08 and its 200-day simple moving average is $8.06.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.05). The company had revenue of $366.60 million for the quarter, compared to analysts’ expectations of $369.29 million. Select Water Solutions had a net margin of 4.28% and a return on equity of 7.46%. The business’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 EPS. On average, analysts forecast that Select Water Solutions, Inc. will post 0.64 EPS for the current fiscal year.

Select Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, May 3rd will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Thursday, May 2nd. Select Water Solutions’s dividend payout ratio is currently 36.92%.

Insiders Place Their Bets

In other news, CAO Brian Szymanski sold 6,422 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $8.60, for a total value of $55,229.20. Following the completion of the sale, the chief accounting officer now directly owns 95,936 shares of the company’s stock, valued at approximately $825,049.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Select Water Solutions news, CFO Nick L. Swyka sold 9,009 shares of Select Water Solutions stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $8.55, for a total value of $77,026.95. Following the completion of the transaction, the chief financial officer now directly owns 272,140 shares of the company’s stock, valued at $2,326,797. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Brian Szymanski sold 6,422 shares of Select Water Solutions stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $8.60, for a total transaction of $55,229.20. Following the completion of the transaction, the chief accounting officer now directly owns 95,936 shares of the company’s stock, valued at $825,049.60. The disclosure for this sale can be found here. Insiders have sold a total of 46,511 shares of company stock valued at $398,053 in the last quarter. Insiders own 8.10% of the company’s stock.

Institutional Trading of Select Water Solutions

Large investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new stake in Select Water Solutions during the third quarter valued at approximately $28,000. New York State Teachers Retirement System purchased a new position in Select Water Solutions during the fourth quarter valued at approximately $54,000. Principal Financial Group Inc. purchased a new position in Select Water Solutions during the third quarter valued at approximately $95,000. Mackenzie Financial Corp purchased a new position in Select Water Solutions during the third quarter valued at approximately $100,000. Finally, Clough Capital Partners L P purchased a new position in Select Water Solutions during the third quarter valued at approximately $112,000. 81.73% of the stock is currently owned by institutional investors.

Select Water Solutions Company Profile

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback 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 surface rental equipment and workforce accommodation services.