Select Water Solutions, Inc. (NYSE:WTTR) Given Average Recommendation of “Buy” by Brokerages

Select Water Solutions, Inc. (NYSE:WTTR) has received a consensus rating of “Buy” from the five analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $16.6250.

WTTR has been the topic of several recent research reports. Wall Street Zen raised shares of Select Water Solutions from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Select Water Solutions in a research note on Friday, January 9th. Piper Sandler lifted their price objective on Select Water Solutions from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Citigroup upped their target price on Select Water Solutions from $15.00 to $16.50 and gave the company a “buy” rating in a research note on Thursday, February 26th. Finally, 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 report on Thursday, February 19th.

Insider Activity at Select Water Solutions

In related news, CEO John Schmitz sold 33,916 shares of the stock in a transaction on Monday, February 9th. The stock was 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 trade represents a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

Select Water Solutions Trading Up 3.0%

NYSE:WTTR opened at $14.86 on Wednesday. The company has a market capitalization of $1.80 billion, a PE ratio of 70.75 and a beta of 0.98. The company has a quick ratio of 1.42, a current ratio of 1.57 and a debt-to-equity ratio of 0.31. Select Water Solutions has a 52-week low of $7.20 and a 52-week high of $15.45. The stock has a fifty day simple moving average of $13.11 and a 200-day simple moving average of $11.50.

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

Select Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Friday, February 6th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, February 6th. Select Water Solutions’s dividend payout ratio is currently 133.33%.

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.