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

Select Water Solutions, Inc. (NYSE:WTTR) has been assigned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $14.00.

Several equities research analysts have recently weighed in on the company. Raymond James Financial reiterated a “strong-buy” rating and issued a $16.00 price objective on shares of Select Water Solutions in a research note on Wednesday, November 5th. Northland Securities cut Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 price target on the stock. in a research report on Thursday, November 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Select Water Solutions in a report on Friday, January 9th. Wall Street Zen raised shares of Select Water Solutions from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Finally, Piper Sandler set a $14.00 target price on shares of Select Water Solutions in a research report on Thursday, December 18th.

Select Water Solutions Trading Down 2.0%

Shares of WTTR stock opened at $11.77 on Tuesday. The firm has a fifty day moving average of $10.90 and a 200-day moving average of $10.19. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 61.92 and a beta of 0.98. Select Water Solutions has a 52-week low of $7.20 and a 52-week high of $13.94. 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 issued its earnings results on Wednesday, November 5th. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $322.24 million for the quarter, compared to analyst estimates of $306.39 million. Select Water Solutions had a net margin of 1.41% and a return on equity of 2.26%. During the same period in the previous year, the business earned $0.15 EPS. The firm’s revenue was down 13.2% on a year-over-year basis. On average, equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Friday, February 6th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, February 6th. This represents a $0.28 dividend on an annualized basis and a yield of 2.4%. Select Water Solutions’s dividend payout ratio is 147.37%.

Insider Transactions at Select Water Solutions

In other Select Water Solutions news, CEO John Schmitz sold 211,118 shares of Select Water Solutions stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $11.15, for a total value of $2,353,965.70. Following the completion of the transaction, the chief executive officer owned 32,687 shares in the company, valued at approximately $364,460.05. The trade was a 86.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 443,187 shares of company stock valued at $4,927,971. Insiders own 7.60% of the company’s stock.

Institutional Trading of Select Water Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its holdings in shares of Select Water Solutions by 160.2% in the third quarter. Farther Finance Advisors LLC now owns 2,615 shares of the company’s stock valued at $28,000 after buying an additional 1,610 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Select Water Solutions in the 3rd quarter valued at about $29,000. State of Alaska Department of Revenue bought a new position in shares of Select Water Solutions in the third quarter worth about $33,000. Osaic Holdings Inc. lifted its position in shares of Select Water Solutions by 59.9% during the second quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock worth $42,000 after purchasing an additional 1,830 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted 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 in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

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.