Select Water Solutions, Inc. (NYSE:WTTR) Stock Has Consensus Price Target of $24.57

Shares of Select Water Solutions, Inc. (NYSE:WTTR) have earned an average rating of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $24.57.

A number of research firms recently commented on WTTR. JPMorgan Chase & Co. started coverage on shares of Select Water Solutions in a report on Friday, August 21st. They issued an “overweight” rating and a $24.00 price target on the stock. Wall Street Zen lowered Select Water Solutions from a “buy” rating to a “hold” rating in a report on Saturday. TD Cowen downgraded Select Water Solutions to a “neutral” rating in a research report on Friday, August 21st. Zacks Research downgraded Select Water Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Bank of America boosted their target price on Select Water Solutions from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, September 30th.

Institutional Investors Weigh In On Select Water Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantinno Capital Management LP boosted its position in shares of Select Water Solutions by 3.5% during the 1st quarter. Quantinno Capital Management LP now owns 42,180 shares of the company’s stock valued at $645,000 after acquiring an additional 1,438 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of Select Water Solutions by 14.4% during the first quarter. Pictet Asset Management Holding SA now owns 19,127 shares of the company’s stock worth $293,000 after purchasing an additional 2,414 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Select Water Solutions during the second quarter worth about $54,000. Nykredit A S bought a new position in shares of Select Water Solutions in the second quarter worth approximately $62,000. Finally, WINTON GROUP Ltd increased its position in shares of Select Water Solutions by 11.4% in the second quarter. WINTON GROUP Ltd now owns 30,900 shares of the company’s stock worth $617,000 after purchasing an additional 3,172 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors.

Select Water Solutions Stock Performance

NYSE WTTR opened at $20.02 on Friday. The company has a market capitalization of $2.77 billion, a PE ratio of 71.48 and a beta of 1.01. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.40 and a current ratio of 1.58. Select Water Solutions has a 52-week low of $9.28 and a 52-week high of $22.55. The company has a 50-day simple moving average of $20.02 and a 200 day simple moving average of $18.52.

Select Water Solutions (NYSE:WTTR) last released its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Select Water Solutions had a net margin of 2.24% and a return on equity of 3.11%. The firm had revenue of $395.81 million for the quarter, compared to analysts’ expectations of $373.33 million. During the same period in the previous year, the company earned $0.10 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. On average, research analysts predict that Select Water Solutions will post 0.59 EPS for the current year.

Select Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Friday, August 7th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.28 annualized dividend and a yield of 1.4%. Select Water Solutions’s dividend payout ratio (DPR) is 100.00%.

About Select Water Solutions

Select Water Solutions, Inc provides water management and chemical solutions to the North American oil and natural gas industry. Its services support drilling, completions, production and infrastructure operations, with an emphasis on sourcing, transferring, treating, recycling and disposing of water used in energy production.

The company’s offerings include water sourcing and transfer, water recycling and treatment, fluid management, pipeline and infrastructure services, and related logistics.