Select Water Solutions, Inc. (NYSE:WTTR) Stock Has Consensus Target Price of $24.57 According to Analysts

Shares of Select Water Solutions, Inc. (NYSE:WTTR) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $24.57.

A number of equities research analysts recently weighed in on the stock. UBS Group restated a “buy” rating and issued a $28.00 target price on shares of Select Water Solutions in a report on Wednesday, September 30th. JPMorgan Chase & Co. initiated coverage on Select Water Solutions in a research note on Friday, August 21st. They set an “overweight” rating and a $24.00 price target for the company. TD Cowen lowered Select Water Solutions to a “neutral” rating in a report on Friday, August 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Select Water Solutions in a research note on Friday, October 2nd. Finally, Zacks Research lowered Select Water Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th.

Select Water Solutions Stock Performance

Shares of WTTR stock opened at $19.60 on Friday. The firm has a market capitalization of $2.71 billion, a PE ratio of 69.99 and a beta of 1.01. The firm has a fifty day simple moving average of $20.07 and a two-hundred day simple moving average of $18.59. The company has a current ratio of 1.58, a quick ratio of 1.40 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 released its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. The firm had revenue of $395.81 million for the quarter, compared to the consensus estimate of $373.33 million. Select Water Solutions had a net margin of 2.24% and a return on equity of 3.11%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 earnings per share. Analysts forecast that Select Water Solutions will post 0.59 EPS for the current fiscal year.

Select Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Friday, August 7th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, August 7th. This represents a $0.28 annualized dividend and a yield of 1.4%. Select Water Solutions’s dividend payout ratio (DPR) is 100.00%.

Hedge Funds Weigh In On Select Water Solutions

A number of hedge funds have recently bought and sold shares of WTTR. Public Employees Retirement System of Ohio bought a new position in shares of Select Water Solutions during the second quarter valued at about $54,000. Nykredit A S bought a new position in shares of Select Water Solutions during the 2nd quarter worth approximately $62,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Select Water Solutions in the 1st quarter worth approximately $164,000. Alpine Woods Capital Investors LLC purchased a new position in shares of Select Water Solutions in the 1st quarter worth approximately $233,000. Finally, Pictet Asset Management Holding SA grew its holdings in shares of Select Water Solutions by 14.4% in the first quarter. Pictet Asset Management Holding SA now owns 19,127 shares of the company’s stock valued at $293,000 after acquiring an additional 2,414 shares in the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

About Select Water Solutions

Select Water Solutions, Inc provides water management and chemical solutions to the North American oil and natural gas industry. Its services support drilling, completions, production and infrastructure operations, with an emphasis on sourcing, transferring, treating, recycling and disposing of water used in energy production.

The company’s offerings include water sourcing and transfer, water recycling and treatment, fluid management, pipeline and infrastructure services, and related logistics.