Select Water Solutions (NYSE:WTTR) Director Sells $849,221.84 in Stock

Select Water Solutions, Inc. (NYSE:WTTR) Director Richard Alan Burnett sold 45,316 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $18.74, for a total transaction of $849,221.84. Following the completion of the transaction, the director directly owned 71,578 shares of the company’s stock, valued at approximately $1,341,371.72. This represents a 38.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Richard Alan Burnett also recently made the following trade(s):

• On Thursday, May 14th, Richard Alan Burnett sold 19,684 shares of Select Water Solutions stock. The stock was sold at an average price of $18.73, for a total transaction of $368,681.32.

Select Water Solutions Price Performance

WTTR stock opened at $19.93 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.92 and a quick ratio of 1.76. Select Water Solutions, Inc. has a one year low of $7.82 and a one year high of $20.48. The stock has a market cap of $2.75 billion, a PE ratio of 94.90 and a beta of 0.99. The firm has a 50 day simple moving average of $15.93 and a two-hundred day simple moving average of $13.13.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Select Water Solutions had a net margin of 1.54% and a return on equity of 2.21%. The business had revenue of $365.96 million during the quarter, compared to analysts’ expectations of $344.63 million. During the same quarter in the previous year, the company earned $0.08 EPS. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, analysts predict that Select Water Solutions, Inc. will post 0.29 EPS for the current fiscal year.

Select Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Stockholders of record on Thursday, April 30th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Thursday, April 30th. Select Water Solutions’s payout ratio is presently 133.33%.

Institutional Investors Weigh In On Select Water Solutions

Hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new stake in Select Water Solutions during the 3rd quarter valued at $29,000. State of Alaska Department of Revenue bought a new stake in Select Water Solutions during the 3rd quarter valued at $33,000. Osaic Holdings Inc. raised its holdings in Select Water Solutions by 59.9% during 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 last quarter. CIBC Private Wealth Group LLC raised its holdings in 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 valued at $60,000 after buying an additional 5,408 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in Select Water Solutions by 5,584.0% during the 1st quarter. Jones Financial Companies Lllp now owns 7,105 shares of the company’s stock valued at $75,000 after buying an additional 6,980 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of Select Water Solutions from $18.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Raymond James Financial restated a “strong-buy” rating and issued a $24.00 price objective on shares of Select Water Solutions in a report on Thursday, May 7th. Wall Street Zen upgraded shares of Select Water Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Northland Securities set a $21.00 price objective on shares of Select Water Solutions in a report on Thursday, May 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Select Water Solutions in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Select Water Solutions currently has a consensus rating of “Buy” and an average target price of $22.50.

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.