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

Select Water Solutions, Inc. (NYSE:WTTR) has been assigned a consensus rating of “Buy” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $17.00.

Several analysts have issued reports on WTTR shares. Weiss Ratings restated a “hold (c)” rating on shares of Select Water Solutions in a report on Wednesday, April 8th. 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 report on Thursday, February 19th. Wall Street Zen upgraded Select Water Solutions from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Citigroup boosted their price objective on Select Water Solutions from $16.50 to $18.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Finally, Piper Sandler boosted their price objective on Select Water Solutions from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th.

Select Water Solutions Price Performance

Shares of Select Water Solutions stock opened at $14.90 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.42 and a debt-to-equity ratio of 0.31. The company’s 50-day moving average price is $14.24 and its two-hundred day moving average price is $12.16. Select Water Solutions has a 52 week low of $7.20 and a 52 week high of $16.00. The stock has a market cap of $1.81 billion, a PE ratio of 70.94 and a beta of 0.97.

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

Select Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 13th. Stockholders of record on Thursday, April 30th will be issued a $0.07 dividend. The ex-dividend date is Thursday, April 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.9%. Select Water Solutions’s dividend payout ratio is currently 133.33%.

Insider Buying and Selling at Select Water Solutions

In other news, CEO John Schmitz sold 33,916 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $13.03, for a total value of $441,925.48. Following the transaction, the chief executive officer owned 249,243 shares in the company, valued at $3,247,636.29. This represents a 11.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Select Water Solutions

A number of large investors have recently made changes to their positions in WTTR. Deprince Race & Zollo Inc. increased its holdings in shares of Select Water Solutions by 1,334.5% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 3,783,865 shares of the company’s stock valued at $40,450,000 after purchasing an additional 3,520,091 shares during the period. Franklin Resources Inc. increased its holdings in shares of Select Water Solutions by 56.4% in the 4th quarter. Franklin Resources Inc. now owns 7,726,049 shares of the company’s stock valued at $81,278,000 after purchasing an additional 2,786,172 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Select Water Solutions by 2,133.9% in the 3rd quarter. Alliancebernstein L.P. now owns 2,131,277 shares of the company’s stock valued at $22,783,000 after purchasing an additional 2,035,870 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Select Water Solutions by 124.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,801,488 shares of the company’s stock valued at $19,258,000 after purchasing an additional 997,847 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of Select Water Solutions by 466.8% in the 1st quarter. Millennium Management LLC now owns 974,821 shares of the company’s stock valued at $10,236,000 after purchasing an additional 802,833 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.