Select Water Solutions, Inc. (NYSE:WTTR) Receives Average Recommendation of “Buy” from Brokerages

Shares of Select Water Solutions, Inc. (NYSE:WTTR) have earned a consensus rating of “Buy” from the five brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $16.6250.

Several research analysts recently issued reports on the stock. Piper Sandler increased their price target on shares of Select Water Solutions from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Northland Securities upgraded Select Water Solutions from a “market perform” rating to an “outperform” rating and set a $18.00 price objective on the stock in a research note on Thursday, February 19th. Citigroup increased their target price on Select Water Solutions from $15.00 to $16.50 and gave the stock a “buy” rating in a report on Thursday, February 26th. Wall Street Zen raised Select Water Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a research note on Friday, January 9th.

Select Water Solutions Stock Performance

Shares of NYSE WTTR opened at $14.60 on Wednesday. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 69.50 and a beta of 0.98. Select Water Solutions has a one year low of $7.20 and a one year high of $15.45. The business has a fifty day simple moving average of $12.78 and a 200 day simple moving average of $11.29. The company has a current ratio of 1.57, a quick ratio of 1.42 and a debt-to-equity ratio of 0.31.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings results on Tuesday, February 17th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.21). The business had revenue of $346.50 million for the quarter, compared to analyst estimates of $320.85 million. Select Water Solutions had a return on equity of 2.30% and a net margin of 1.51%.The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.02) EPS. Sell-side analysts expect that Select Water Solutions will post 0.91 EPS for the current year.

Select Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Investors 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 annualized dividend and a yield of 1.9%. Select Water Solutions’s dividend payout ratio is 133.33%.

Insider Activity at Select Water Solutions

In other news, CEO John Schmitz sold 33,916 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $13.03, for a total transaction of $441,925.48. Following the sale, the chief executive officer directly owned 249,243 shares of the company’s stock, valued at $3,247,636.29. This represents a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.60% of the stock is owned by company insiders.

Institutional Trading of Select Water Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in shares of Select Water Solutions by 160.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,615 shares of the company’s stock valued at $28,000 after purchasing an additional 1,610 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Select Water Solutions in the third quarter valued at approximately $29,000. State of Alaska Department of Revenue bought a new position in Select Water Solutions in the third quarter valued at approximately $33,000. Osaic Holdings Inc. boosted its stake in Select Water Solutions by 59.9% in the second quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock valued at $42,000 after acquiring an additional 1,830 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings 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 worth $60,000 after acquiring an additional 5,408 shares during the period. 81.73% of the stock is owned by institutional investors.

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.