Analysts Set Select Water Solutions, Inc. (NYSE:WTTR) Target Price at $14.00

Select Water Solutions, Inc. (NYSE:WTTR) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $14.00.

Several brokerages have recently commented on WTTR. Northland Capmk cut shares of Select Water Solutions from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Weiss Ratings restated a “hold (c)” rating on shares of Select Water Solutions in a research note on Tuesday, October 14th. 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 lowered Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a report on Thursday, November 13th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $16.00 price target on shares of Select Water Solutions in a research note on Wednesday, November 5th.

Insider Buying and Selling at Select Water Solutions

In related news, CEO John Schmitz sold 70,375 shares of the 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 sale, the chief executive officer owned 31,372 shares in the company, valued at approximately $351,680.12. This trade represents a 69.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 443,187 shares of company stock worth $4,927,971. Corporate insiders own 7.60% of the company’s stock.

Hedge Funds Weigh In On Select Water Solutions

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Select Water Solutions by 0.3% in the third quarter. Vanguard Group Inc. now owns 6,297,344 shares of the company’s stock valued at $67,319,000 after buying an additional 15,800 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Select Water Solutions by 16.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,126,486 shares of the company’s stock valued at $54,802,000 after acquiring an additional 705,612 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Select Water Solutions by 78.1% during the 3rd quarter. Franklin Resources Inc. now owns 4,939,877 shares of the company’s stock valued at $52,807,000 after acquiring an additional 2,166,649 shares in the last quarter. American Century Companies Inc. grew its position in Select Water Solutions by 6.5% during the 3rd quarter. American Century Companies Inc. now owns 3,899,603 shares of the company’s stock worth $41,687,000 after acquiring an additional 238,898 shares during the last quarter. Finally, Deprince Race & Zollo Inc. increased its holdings in Select Water Solutions by 1,334.5% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 3,783,865 shares of the company’s stock worth $40,450,000 after purchasing an additional 3,520,091 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Select Water Solutions Stock Up 5.4%

WTTR stock opened at $11.09 on Friday. Select Water Solutions has a fifty-two week low of $7.20 and a fifty-two week high of $14.65. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.64 and a quick ratio of 1.48. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 58.38 and a beta of 0.98. The business’s fifty day moving average price is $10.74 and its two-hundred day moving average price is $9.90.

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

Select Water Solutions Announces Dividend

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

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.