Select Water Solutions (NYSE:WTTR) Upgraded to “Outperform” at Northland Securities

Northland Securities upgraded shares of Select Water Solutions (NYSE:WTTR) from a market perform rating to an outperform rating in a report published on Thursday, MarketBeat Ratings reports. They currently have $18.00 price objective on the stock.

Several other research firms have also weighed in on WTTR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Select Water Solutions in a report on Friday, January 9th. Wall Street Zen upgraded Select Water Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Raymond James Financial reiterated a “strong-buy” rating and issued a $16.00 price objective on shares of Select Water Solutions in a research report on Wednesday, November 5th. Finally, Piper Sandler set a $14.00 price objective on Select Water Solutions in a research note on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $15.50.

Select Water Solutions Stock Performance

Select Water Solutions stock opened at $14.16 on Thursday. The firm has a market capitalization of $1.71 billion, a P/E ratio of 67.42 and a beta of 1.03. The stock has a fifty day moving average price of $11.69 and a two-hundred day moving average price of $10.57. Select Water Solutions has a 52-week low of $7.20 and a 52-week high of $15.45. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.64 and a quick ratio of 1.48.

Select Water Solutions (NYSE:WTTR) last posted its earnings results on Tuesday, February 17th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.21). Select Water Solutions had a return on equity of 2.30% and a net margin of 1.51%.The firm had revenue of $346.50 million during the quarter, compared to the consensus estimate of $320.85 million. During the same period in the previous year, the company posted ($0.02) EPS. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, analysts anticipate that Select Water Solutions will post 0.91 EPS for the current fiscal year.

Select Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Friday, February 6th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, February 6th. Select Water Solutions’s dividend payout ratio is 147.37%.

Insider Transactions at Select Water Solutions

In related news, CEO John Schmitz sold 211,118 shares of Select Water Solutions stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $11.15, for a total value of $2,353,965.70. Following the completion of the sale, the chief executive officer directly owned 32,687 shares in the company, valued at $364,460.05. This trade represents a 86.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 332,250 shares of company stock valued at $3,803,896 in the last quarter. 8.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Select Water Solutions

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

Select Water Solutions News Summary

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

• Positive Sentiment: Analyst upgrade — Northland Securities raised WTTR from “market perform” to “outperform” and set an $18 price target, signaling upside from current levels and providing a near-term catalyst for buyers. The Fly
• Positive Sentiment: Revenue beat and operational highlights — Q4 revenue of $346.5M topped consensus (~$320.8M) and company commentary/call transcripts describe strong segments and record performance in parts of the business, which supports growth story despite margin pressure. Earnings Highlights
• Neutral Sentiment: Planned use of proceeds — management says net proceeds from corporate actions will be used for water infrastructure growth capital, potential acquisitions or to repay debt under its sustainability-linked facility; that mix is strategic but outcome-dependent. PR Newswire
• Negative Sentiment: Dilutive public offering — the company launched an underwritten offering of $175M in Class A common stock off its S-3 shelf. While proceeds fund growth/debt reduction, an equity raise of this size is typically dilutive and often pressures near-term share price. PR Newswire
• Negative Sentiment: EPS miss — reported Q4 EPS of ($0.20) vs. consensus $0.01, which offsets the revenue beat and raises concerns about margins and near-term profitability despite solid top-line results. MarketBeat

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.