Select Water Solutions, Inc. (NYSE:WTTR) Given Average Rating of “Buy” by Brokerages

Shares of Select Water Solutions, Inc. (NYSE:WTTR) have received an average recommendation of “Buy” from the seven analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $22.40.

Several brokerages have weighed in on WTTR. Northland Securities set a $21.00 target price on Select Water Solutions in a research note on Thursday, May 7th. Zacks Research raised Select Water Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 25th. Citigroup lifted their target price on Select Water Solutions from $18.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Wall Street Zen downgraded Select Water Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Select Water Solutions in a research note on Wednesday, April 8th.

Select Water Solutions Stock Up 2.1%

Shares of Select Water Solutions stock opened at $20.05 on Friday. The business’s fifty day moving average price is $18.17 and its two-hundred day moving average price is $14.77. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.92 and a quick ratio of 1.76. The company has a market capitalization of $2.77 billion, a P/E ratio of 95.48 and a beta of 1.00. Select Water Solutions has a 1-year low of $7.86 and a 1-year high of $20.48.

Select Water Solutions (NYSE:WTTR) last announced its earnings results on Tuesday, May 5th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.02. The firm had revenue of $365.96 million for the quarter, compared to the consensus estimate of $344.63 million. Select Water Solutions had a return on equity of 2.21% and a net margin of 1.54%.The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.08 EPS. As a group, research analysts forecast that Select Water Solutions will post 0.38 EPS for the current year.

Select Water Solutions Dividend Announcement

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

Insider Transactions at Select Water Solutions

In other news, Director Robin H. Fielder sold 27,010 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $16.80, for a total value of $453,768.00. Following the sale, the director owned 43,315 shares of the company’s stock, valued at approximately $727,692. The trade was a 38.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Alan Burnett sold 45,316 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $18.74, for a total value of $849,221.84. Following the completion of the sale, the director directly owned 71,578 shares in the company, valued at $1,341,371.72. This represents a 38.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 222,010 shares of company stock worth $3,925,971 over the last 90 days. 6.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Select Water Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of WTTR. Wilmington Savings Fund Society FSB bought a new stake in shares of Select Water Solutions in the 3rd quarter worth $29,000. Osaic Holdings Inc. raised its stake 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 buying an additional 1,830 shares in the last quarter. CIBC Private Wealth Group LLC raised its position 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. Jones Financial Companies Lllp raised its position in shares of Select Water Solutions by 5,584.0% during the first quarter. Jones Financial Companies Lllp now owns 7,105 shares of the company’s stock worth $75,000 after purchasing an additional 6,980 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of Select Water Solutions by 190.5% during the second quarter. Tower Research Capital LLC TRC now owns 8,916 shares of the company’s stock worth $77,000 after purchasing an additional 5,847 shares during the period. Institutional investors own 81.73% of the company’s stock.

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.