Select Water Solutions, Inc. (NYSE:WTTR) Stock Has Average Price Target of $24.57

Select Water Solutions, Inc. (NYSE:WTTR) has received a consensus rating of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $24.57.

Several research analysts have commented on the company. UBS Group reaffirmed a “buy” rating and issued a $28.00 price target on shares of Select Water Solutions in a research report on Wednesday, September 30th. Raymond James Financial cut Select Water Solutions from a “strong-buy” rating to an “outperform” rating and lifted their price objective for the company from $24.00 to $26.00 in a report on Thursday, August 6th. Wall Street Zen lowered Select Water Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd. TD Cowen downgraded shares of Select Water Solutions to a “neutral” rating in a research report on Friday, August 21st. Finally, JPMorgan Chase & Co. assumed coverage on Select Water Solutions in a research note on Friday, August 21st. They set an “overweight” rating and a $24.00 price objective on the stock.

Select Water Solutions Stock Performance

Shares of WTTR opened at $16.87 on Thursday. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 60.24 and a beta of 0.98. The company’s fifty day moving average is $19.54 and its 200-day moving average is $17.42. The company has a quick ratio of 1.40, a current ratio of 1.58 and a debt-to-equity ratio of 0.17. Select Water Solutions has a 12 month low of $9.28 and a 12 month high of $22.55.

Select Water Solutions (NYSE:WTTR) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $395.81 million during the quarter, compared to analysts’ expectations of $373.33 million. Select Water Solutions had a net margin of 2.24% and a return on equity of 3.11%. Select Water Solutions’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 earnings per share. Equities analysts expect that Select Water Solutions will post 0.55 EPS for the current fiscal year.

Select Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Friday, November 13th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, November 13th. This represents a $0.28 annualized dividend and a yield of 1.7%. Select Water Solutions’s dividend payout ratio (DPR) is 100.00%.

Institutional Trading of Select Water Solutions

Institutional investors have recently modified their holdings of the stock. Alps Advisors Inc. increased its holdings in Select Water Solutions by 16.1% in the third quarter. Alps Advisors Inc. now owns 355,798 shares of the company’s stock worth $7,041,000 after purchasing an additional 49,367 shares in the last quarter. CenterBook Partners LP grew its position in shares of Select Water Solutions by 9.3% in the third quarter. CenterBook Partners LP now owns 58,282 shares of the company’s stock valued at $1,153,000 after purchasing an additional 4,938 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Select Water Solutions during the 3rd quarter valued at $87,000. Vise Technologies Inc. grew its stake in Select Water Solutions by 27.0% in the 3rd quarter. Vise Technologies Inc. now owns 47,332 shares of the company’s stock worth $937,000 after buying an additional 10,073 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of Select Water Solutions during the 3rd quarter valued at $381,000. 81.73% of the stock is currently owned by institutional investors.

Select Water Solutions Company Profile

Select Water Solutions, Inc provides water management and environmental services to the North American oil and gas industry. The company helps exploration and production companies source, transport, store, treat, recycle and dispose of water used in drilling and hydraulic fracturing operations.

Its services include freshwater sourcing and transfer, produced-water gathering and recycling, water infrastructure construction and management, well testing, and wastewater disposal. Select Water Solutions also provides water-treatment solutions and related equipment designed to support more efficient water use and reduce the environmental impact of oilfield operations.

Formerly known as Select Energy Services, the company adopted the Select Water Solutions name in 2023 to reflect its broader focus on water and environmental services.