Select Water Solutions, Inc. (NYSE:WTTR) Receives $15.50 Consensus Price Target from Brokerages

Shares of Select Water Solutions, Inc. (NYSE:WTTR) have been given an average rating of “Buy” by the five analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $16.6250.

WTTR has been the subject of several research analyst reports. Wall Street Zen raised shares of Select Water Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Select Water Solutions in a report on Friday, January 9th. Piper Sandler raised their price objective on Select Water Solutions from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday. Raymond James Financial reiterated a “strong-buy” rating and issued a $16.00 target price on shares of Select Water Solutions in a research report on Wednesday, November 5th. Finally, Citigroup increased their price target on Select Water Solutions from $15.00 to $16.50 and gave the company a “buy” rating in a research note on Thursday.

Insiders Place Their Bets

In related news, CEO John Schmitz sold 33,916 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $13.03, for a total transaction of $441,925.48. Following the sale, the chief executive officer owned 249,243 shares of the company’s stock, valued at $3,247,636.29. This represents a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 332,250 shares of company stock valued at $3,803,896 in the last quarter. Insiders own 8.40% of the company’s stock.

Institutional Trading of Select Water Solutions

Large investors have recently made changes to their positions in the business. Franklin Resources Inc. lifted its holdings in shares of Select Water Solutions by 56.4% in the 4th quarter. Franklin Resources Inc. now owns 7,726,049 shares of the company’s stock valued at $81,278,000 after acquiring an additional 2,786,172 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Select Water Solutions by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,364,488 shares of the company’s stock valued at $66,955,000 after purchasing an additional 58,875 shares during the period. Vanguard Group Inc. raised its position in Select Water Solutions by 0.3% during the third quarter. Vanguard Group Inc. now owns 6,297,344 shares of the company’s stock valued at $67,319,000 after purchasing an additional 15,800 shares during the period. Wellington Management Group LLP lifted its stake in shares of Select Water Solutions by 16.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,126,486 shares of the company’s stock valued at $54,802,000 after purchasing an additional 705,612 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Select Water Solutions by 6.5% in the 3rd quarter. American Century Companies Inc. now owns 3,899,603 shares of the company’s stock worth $41,687,000 after purchasing an additional 238,898 shares during the period. 81.73% of the stock is currently owned by institutional investors.

Select Water Solutions Stock Performance

NYSE:WTTR opened at $13.69 on Friday. The stock has a 50-day moving average price of $12.02 and a 200 day moving average price of $10.77. The stock has a market capitalization of $1.66 billion, a P/E ratio of 65.17 and a beta of 1.03. Select Water Solutions has a 12-month low of $7.20 and a 12-month high of $15.45. The company has a current ratio of 1.57, a quick ratio of 1.42 and a debt-to-equity ratio of 0.31.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings results on Tuesday, February 17th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.21). The business had revenue of $346.50 million during the quarter, compared to the consensus estimate of $320.85 million. Select Water Solutions had a return on equity of 2.30% and a net margin of 1.51%.The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.02) earnings per share. Equities research analysts forecast that Select Water Solutions will post 0.91 EPS for the current fiscal year.

Select Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Friday, February 6th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, February 6th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.0%. Select Water Solutions’s dividend payout ratio (DPR) is 133.33%.

About Select Water Solutions

Select Water Solutions, Inc, headquartered in Houston, Texas, is a water management services provider primarily serving the oil and gas industry. Formerly operating under the name Select Energy Services, the company rebranded to reflect its core focus on water treatment, recycling and disposal. Since its inception in 2016, Select Water Solutions has expanded to key U.S. basins—including the Permian, Eagle Ford, Marcellus and DJ Basin—and maintains strategic operations in select international regions.

The company’s offerings span the full water lifecycle, from produced water gathering and transportation to advanced treatment and beneficial reuse.