Select Water Solutions (NYSE:WTTR) Shares Gap Down – Here’s Why

Shares of Select Water Solutions, Inc. (NYSE:WTTR) gapped down before the market opened on Friday . The stock had previously closed at $14.22, but opened at $12.89. Select Water Solutions shares last traded at $13.07, with a volume of 1,800,751 shares trading hands.

More Select Water Solutions News

Here are the key news stories impacting Select Water Solutions this week:

• Positive Sentiment: Northland Securities upgraded WTTR to an “Outperform” and set an $18 price target, while issuing multi-quarter and FY2027 EPS forecasts that imply meaningful earnings growth over the next year — a bullish analyst view that supports upside vs. current levels. The Fly
• Neutral Sentiment: Select announced a registered underwritten public offering targeting roughly $175 million of Class A common stock to fund water infrastructure growth capital projects, potential acquisitions, and possible debt repayment — proceeds that could support expansion or strengthen the balance sheet but will increase share count. PR Newswire: Offering Announcement
• Neutral Sentiment: The company later priced an offering of 13,725,491 shares at $12.75 per share; management said net proceeds will be used for growth projects, acquisitions or debt repayment under its sustainability-linked credit facility. That clarifies use of proceeds but confirms material new supply of shares. PR Newswire: Pricing
• Negative Sentiment: Market reaction: shares slid after coverage described the offering as “discounted” — investors typically sell on dilution and perceived discounting, which is driving today’s pullback and elevated volume. MSN: Discounted Offering
• Negative Sentiment: Recent quarter: Q4 2025 EPS missed expectations (reported loss per share vs. modest expected profit), a near-term earnings disappointment that likely increases sensitivity to dilution and raises short-term investor caution. See the earnings call transcript for details. Seeking Alpha: Q4 2025 Call Transcript

Analyst Upgrades and Downgrades

WTTR has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Select Water Solutions in a research note on Friday, January 9th. Raymond James Financial restated a “strong-buy” rating and set a $16.00 price target on shares of Select Water Solutions in a research note on Wednesday, November 5th. Wall Street Zen upgraded Select Water Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Northland Securities upgraded Select Water Solutions from a “market perform” rating to an “outperform” rating and set a $18.00 target price on the stock in a research report on Thursday. Finally, Piper Sandler set a $14.00 price objective on shares of Select Water Solutions in a research report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $15.50.

Select Water Solutions Price Performance

The company has a quick ratio of 1.48, a current ratio of 1.64 and a debt-to-equity ratio of 0.31. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 60.60 and a beta of 1.03. The stock’s 50-day simple moving average is $11.69 and its 200 day simple moving average is $10.57.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings results on Tuesday, February 17th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.21). The company 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%. Select Water Solutions’s revenue was down .7% on a year-over-year basis. During the same period last year, the firm posted ($0.02) earnings per share. On average, equities research analysts anticipate that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Friday, February 6th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, February 6th. Select Water Solutions’s dividend payout ratio (DPR) is currently 147.37%.

Insider Buying and Selling at Select Water Solutions

In related news, CEO John Schmitz sold 33,916 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was 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 directly owned 249,243 shares in the company, valued at $3,247,636.29. This trade represents a 11.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold 332,250 shares of company stock valued at $3,803,896 over the last ninety days. Insiders own 8.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in Select Water Solutions by 160.2% in the third quarter. Farther Finance Advisors LLC now owns 2,615 shares of the company’s stock valued at $28,000 after acquiring an additional 1,610 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Select Water Solutions in the third quarter valued at $29,000. State of Alaska Department of Revenue purchased a new position in Select Water Solutions during the third quarter worth about $33,000. Osaic Holdings Inc. grew its holdings in 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 buying an additional 1,830 shares during the period. Finally, CIBC Private Wealth Group LLC grew its holdings in Select Water Solutions by 2,704.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 5,608 shares of the company’s stock valued at $60,000 after buying an additional 5,408 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

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.