Select Water Solutions (NYSE:WTTR) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Select Water Solutions (NYSE:WTTR) from a sell rating to a hold rating in a research note published on Saturday morning.

A number of other research analysts also recently commented on WTTR. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $16.00 price target on shares of Select Water Solutions in a report on Wednesday, November 5th. Piper Sandler set a $14.00 price target on shares of Select Water Solutions in a research note on Thursday, December 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a report on Tuesday, October 14th. Northland Securities downgraded shares of Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 price objective for the company. in a research note on Thursday, November 13th. Finally, Northland Capmk cut Select Water Solutions from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.00.

Select Water Solutions Price Performance

Shares of NYSE:WTTR opened at $10.68 on Friday. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 56.19 and a beta of 0.97. The firm has a fifty day moving average price of $10.82 and a 200 day moving average price of $9.84. Select Water Solutions has a fifty-two week low of $7.20 and a fifty-two week high of $14.65. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.48 and a current ratio of 1.64.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. Select Water Solutions had a return on equity of 2.26% and a net margin of 1.41%.The business had revenue of $322.24 million during the quarter, compared to analysts’ expectations of $306.39 million. During the same quarter last year, the business posted $0.15 EPS. The firm’s revenue for the quarter was down 13.2% compared to the same quarter last year. As a group, sell-side analysts expect that Select Water Solutions will post 0.91 earnings per share for the current fiscal year.

Select Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, November 7th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.28 dividend on an annualized basis and a yield of 2.6%. Select Water Solutions’s dividend payout ratio (DPR) is 147.37%.

Insider Activity at Select Water Solutions

In other news, CEO John Schmitz sold 70,375 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $11.21, for a total value of $788,903.75. Following the completion of the sale, the chief executive officer owned 31,372 shares in the company, valued at approximately $351,680.12. The trade was a 69.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 443,187 shares of company stock valued at $4,927,971. Insiders own 8.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Select Water Solutions by 0.3% in the third quarter. Vanguard Group Inc. now owns 6,297,344 shares of the company’s stock valued at $67,319,000 after acquiring an additional 15,800 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Select Water Solutions by 16.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,126,486 shares of the company’s stock valued at $54,802,000 after purchasing an additional 705,612 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Select Water Solutions by 78.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,939,877 shares of the company’s stock worth $52,807,000 after purchasing an additional 2,166,649 shares in the last quarter. American Century Companies Inc. grew its stake in Select Water Solutions by 6.5% during the 3rd quarter. American Century Companies Inc. now owns 3,899,603 shares of the company’s stock worth $41,687,000 after buying an additional 238,898 shares during the last quarter. Finally, Deprince Race & Zollo Inc. increased its position in Select Water Solutions by 1,334.5% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 3,783,865 shares of the company’s stock valued at $40,450,000 after buying an additional 3,520,091 shares in the last quarter. 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.