Select Water Solutions (NYSE:WTTR) Reaches New 52-Week High – What’s Next?

Select Water Solutions, Inc. (NYSE:WTTR) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $15.59 and last traded at $15.5860, with a volume of 553910 shares trading hands. The stock had previously closed at $15.15.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WTTR. Piper Sandler upped their price objective on Select Water Solutions from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Select Water Solutions in a report on Friday, January 9th. Wall Street Zen upgraded shares of Select Water Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Citigroup upped their price target on shares of Select Water Solutions from $15.00 to $16.50 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, Northland Securities upgraded shares of Select Water Solutions from a “market perform” rating to an “outperform” rating and set a $18.00 price target for the company in a report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $16.63.

Select Water Solutions Stock Performance

The company has a debt-to-equity ratio of 0.31, a current ratio of 1.57 and a quick ratio of 1.42. The company has a market capitalization of $1.89 billion, a PE ratio of 73.92 and a beta of 0.98. The stock has a 50-day simple moving average of $13.18 and a 200 day simple moving average of $11.53.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings results on Tuesday, February 17th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.21). The firm had revenue of $346.50 million during the quarter, compared to analysts’ expectations of $320.85 million. Select Water Solutions had a net margin of 1.51% and a return on equity of 2.30%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.02) EPS. Equities analysts anticipate that Select Water Solutions, Inc. 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. Shareholders of record on Friday, February 6th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, February 6th. Select Water Solutions’s dividend payout ratio (DPR) is 133.33%.

Insider Transactions at Select Water Solutions

In other Select Water Solutions news, CEO John Schmitz sold 33,916 shares of Select Water Solutions stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $13.03, for a total transaction of $441,925.48. Following the completion of the transaction, the chief executive officer owned 249,243 shares in the company, valued at approximately $3,247,636.29. The trade was a 11.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 8.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its stake in Select Water Solutions by 160.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,615 shares of the company’s stock valued at $28,000 after buying an additional 1,610 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Select Water Solutions during the third quarter worth $29,000. State of Alaska Department of Revenue acquired a new position in shares of Select Water Solutions in the third quarter worth $33,000. Osaic Holdings Inc. raised its holdings in shares of Select Water Solutions by 59.9% in the second quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock worth $42,000 after acquiring an additional 1,830 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Select Water Solutions by 2,704.0% in the third quarter. CIBC Private Wealth Group LLC now owns 5,608 shares of the company’s stock valued at $60,000 after acquiring an additional 5,408 shares in the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Select Water Solutions Company Profile

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.