Select Water Solutions (NYSE:WTTR) Sets New 1-Year High – Here’s What Happened

Select Water Solutions, Inc. (NYSE:WTTR)’s stock price reached a new 52-week high on Thursday . The company traded as high as $15.59 and last traded at $15.5860, with a volume of 553910 shares. The stock had previously closed at $15.15.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on WTTR shares. Wall Street Zen raised shares of Select Water Solutions from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Citigroup increased their price target on Select Water Solutions from $15.00 to $16.50 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a research note on Friday, January 9th. Piper Sandler boosted their price objective on Select Water Solutions from $14.00 to $16.00 and gave the company an “overweight” rating in a report 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 research note on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Select Water Solutions has a consensus rating of “Buy” and a consensus target price of $16.63.

Select Water Solutions Stock Performance

The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.42 and a current ratio of 1.57. The firm’s 50 day moving average is $13.33 and its 200-day moving average is $11.60. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 74.22 and a beta of 0.98.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings results on Tuesday, February 17th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $320.85 million. During the same period last year, the company posted ($0.02) earnings per share. The business’s quarterly revenue was down .7% on a year-over-year basis. Analysts forecast that Select Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Select Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Friday, February 6th were given a dividend of $0.07 per share. The ex-dividend date was Friday, February 6th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.8%. Select Water Solutions’s dividend payout ratio (DPR) is 133.33%.

Insider Buying and Selling at Select Water Solutions

In related news, CEO John Schmitz sold 33,916 shares of Select Water Solutions stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $13.03, for a total value of $441,925.48. Following the completion of the transaction, the chief executive officer owned 249,243 shares in the company, valued at $3,247,636.29. The trade was a 11.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Select Water Solutions

A number of hedge funds have recently bought and sold shares of WTTR. Barclays PLC grew its holdings in Select Water Solutions by 0.6% in the fourth quarter. Barclays PLC now owns 147,581 shares of the company’s stock valued at $1,553,000 after purchasing an additional 857 shares during the period. Inspire Investing LLC lifted its position in shares of Select Water Solutions by 1.9% during the 4th quarter. Inspire Investing LLC now owns 55,271 shares of the company’s stock valued at $581,000 after buying an additional 1,023 shares in the last quarter. ProShare Advisors LLC grew its stake in Select Water Solutions by 8.4% in the 4th quarter. ProShare Advisors LLC now owns 17,299 shares of the company’s stock valued at $182,000 after acquiring an additional 1,336 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in Select Water Solutions by 2.5% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 64,258 shares of the company’s stock valued at $686,000 after acquiring an additional 1,541 shares during the period. Finally, Legato Capital Management LLC increased its holdings in Select Water Solutions by 1.7% in the 3rd quarter. Legato Capital Management LLC now owns 97,358 shares of the company’s stock worth $1,041,000 after acquiring an additional 1,587 shares in the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

About Select Water Solutions

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.