Select Water Solutions, Inc. (NYSE:WTTR) Receives $14.00 Average PT from Analysts

Select Water Solutions, Inc. (NYSE:WTTR) has been given an average rating of “Moderate Buy” by the six brokerages that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $14.00.

WTTR has been the topic of a number of analyst reports. Raymond James Financial restated a “strong-buy” rating and set a $16.00 target price on shares of Select Water Solutions in a research report on Wednesday, November 5th. Piper Sandler set a $14.00 price target on Select Water Solutions in a research note on Thursday, December 18th. Wall Street Zen raised Select Water Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Northland Capmk lowered Select Water Solutions from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Finally, Northland Securities downgraded Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a research report on Thursday, November 13th.

Select Water Solutions Stock Up 4.7%

WTTR opened at $11.28 on Friday. The firm has a market cap of $1.37 billion, a P/E ratio of 59.36 and a beta of 0.98. The business’s fifty day simple moving average is $10.71 and its 200 day simple moving average is $9.94. Select Water Solutions has a 52 week low of $7.20 and a 52 week high of $14.65. The company has a quick ratio of 1.48, a current ratio of 1.64 and a debt-to-equity ratio of 0.31.

Select Water Solutions (NYSE:WTTR) last released its earnings results on Wednesday, November 5th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. Select Water Solutions had a net margin of 1.41% and a return on equity of 2.26%. The company had revenue of $322.24 million for the quarter, compared to analyst estimates of $306.39 million. During the same period in the prior year, the firm earned $0.15 EPS. The firm’s quarterly revenue was down 13.2% on a year-over-year basis. As a group, equities research analysts anticipate that Select Water Solutions will post 0.91 EPS for the current fiscal year.

Select Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, November 7th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, November 7th. Select Water Solutions’s dividend payout ratio is presently 147.37%.

Insider Transactions at Select Water Solutions

In related news, CEO John Schmitz sold 70,375 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $11.21, for a total transaction of $788,903.75. Following the completion of the transaction, the chief executive officer owned 31,372 shares of the company’s stock, valued at approximately $351,680.12. This represents a 69.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 443,187 shares of company stock valued at $4,927,971 in the last ninety days. 8.40% of the stock is currently owned by insiders.

Institutional Trading of Select Water Solutions

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

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.