Insider Selling: Select Water Solutions (NYSE:WTTR) Director Sells $368,681.32 in Stock

Select Water Solutions, Inc. (NYSE:WTTR) Director Richard Alan Burnett sold 19,684 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $18.73, for a total transaction of $368,681.32. Following the completion of the transaction, the director owned 116,894 shares in the company, valued at approximately $2,189,424.62. The trade was a 14.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Friday, May 15th, Richard Alan Burnett sold 45,316 shares of Select Water Solutions stock. The stock was sold at an average price of $18.74, for a total transaction of $849,221.84.

Select Water Solutions Trading Down 0.6%

Select Water Solutions stock opened at $19.93 on Thursday. The firm’s 50-day moving average is $15.93 and its 200-day moving average is $13.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.76 and a current ratio of 1.92. Select Water Solutions, Inc. has a 1 year low of $7.82 and a 1 year high of $20.48. The company has a market cap of $2.75 billion, a P/E ratio of 94.90 and a beta of 0.99.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.08 earnings per share (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 company had revenue of $365.96 million for the quarter, compared to the consensus estimate of $344.63 million. During the same period last year, the firm posted $0.08 EPS. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, equities analysts expect that Select Water Solutions, Inc. will post 0.29 earnings per share for the current year.

Select Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Thursday, April 30th were given a $0.07 dividend. The ex-dividend date was Thursday, April 30th. This represents a $0.28 annualized dividend and a yield of 1.4%. Select Water Solutions’s dividend payout ratio (DPR) is currently 133.33%.

Wall Street Analysts Forecast Growth

WTTR has been the topic of several recent research reports. Wall Street Zen upgraded shares of Select Water Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Raymond James Financial reiterated a “strong-buy” rating and issued a $24.00 price objective on shares of Select Water Solutions in a research report on Thursday, May 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a research report on Wednesday, April 8th. Piper Sandler lifted their price objective on shares of Select Water Solutions from $16.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Citigroup lifted their price objective on shares of Select Water Solutions from $18.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $22.50.

Hedge Funds Weigh In On Select Water Solutions

Large investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new position in Select Water Solutions during the 3rd quarter valued at about $29,000. State of Alaska Department of Revenue acquired a new position in Select Water Solutions during the 3rd quarter valued at about $33,000. Osaic Holdings Inc. increased its stake 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 period. CIBC Private Wealth Group LLC increased its stake 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 period. Finally, Jones Financial Companies Lllp increased its stake 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 period. Institutional investors and hedge funds 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.