Select Water Solutions (NYSE:WTTR) Hits New 1-Year High – Still a Buy?

Shares of Select Water Solutions, Inc. (NYSE:WTTR) hit a new 52-week high during trading on Tuesday . The company traded as high as $17.21 and last traded at $17.1550, with a volume of 371208 shares. The stock had previously closed at $16.61.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Piper Sandler boosted their price objective on shares of Select Water Solutions from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a report on Wednesday, April 8th. Northland Securities upgraded shares of 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. Finally, Citigroup boosted their price objective on shares of Select Water Solutions from $16.50 to $18.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $17.00.

Select Water Solutions Price Performance

The company’s 50-day moving average price is $14.81 and its two-hundred day moving average price is $12.55. The company has a market cap of $2.10 billion, a P/E ratio of 82.28 and a beta of 0.99. The company has a current ratio of 1.57, a quick ratio of 1.42 and a debt-to-equity ratio of 0.31.

Select Water Solutions (NYSE:WTTR) last released its earnings results on Tuesday, February 17th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.21). The company 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 for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.02) EPS. As a group, sell-side analysts expect that Select Water Solutions, Inc. will post 0.19 earnings per share for the current year.

Select Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 13th. Investors of record on Thursday, April 30th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, April 30th. Select Water Solutions’s dividend payout ratio is currently 133.33%.

Insider Buying and Selling at Select Water Solutions

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

Institutional Investors Weigh In On Select Water Solutions

Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC grew its position in shares of Select Water Solutions by 160.2% during the 3rd 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 bought a new stake in shares of Select Water Solutions during the 3rd quarter valued at about $29,000. State of Alaska Department of Revenue bought a new stake in shares of Select Water Solutions during the 3rd quarter valued at about $33,000. Osaic Holdings Inc. grew its position in shares of Select Water Solutions by 59.9% during the 2nd quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock valued at $42,000 after buying an additional 1,830 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in shares of Select Water Solutions by 2,704.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 5,608 shares of the company’s stock valued at $60,000 after buying an additional 5,408 shares during the last quarter. 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.