Select Water Solutions (NYSE:WTTR) Director Richard Alan Burnett Sells 19,684 Shares

Select Water Solutions, Inc. (NYSE:WTTR) Director Richard Alan Burnett sold 19,684 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $18.73, for a total value of $368,681.32. Following the completion of the transaction, the director directly owned 116,894 shares in the company, valued at approximately $2,189,424.62. This represents a 14.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Richard Alan Burnett also recently made the following trade(s):

• On Friday, May 15th, Richard Alan Burnett sold 45,316 shares of Select Water Solutions stock. The stock was sold at an average price of $18.74, for a total value of $849,221.84.

Select Water Solutions Stock Up 2.9%

Shares of WTTR opened at $19.50 on Tuesday. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 92.88 and a beta of 0.99. Select Water Solutions, Inc. has a 1 year low of $7.82 and a 1 year high of $19.75. The business’s 50 day simple moving average is $15.69 and its 200-day simple moving average is $13.01. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.92 and a quick ratio of 1.76.

Select Water Solutions (NYSE:WTTR) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. The business had revenue of $365.96 million for the quarter, compared to analysts’ expectations of $344.63 million. Select Water Solutions had a return on equity of 2.21% and a net margin of 1.54%.The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 EPS. As a group, equities analysts expect that Select Water Solutions, Inc. will post 0.29 earnings per share for the current fiscal year.

Select Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Stockholders of record on Thursday, April 30th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, April 30th. Select Water Solutions’s dividend payout ratio is 133.33%.

Hedge Funds Weigh In On Select Water Solutions

Several hedge funds have recently bought and sold shares of WTTR. Wilmington Savings Fund Society FSB bought a new position in Select Water Solutions in the 3rd quarter valued at $29,000. State of Alaska Department of Revenue bought a new position in shares of Select Water Solutions during the 3rd quarter worth $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 worth $42,000 after buying an additional 1,830 shares in the last quarter. 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 worth $60,000 after buying an additional 5,408 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of Select Water Solutions by 5,584.0% during the 1st quarter. Jones Financial Companies Lllp now owns 7,105 shares of the company’s stock worth $75,000 after buying an additional 6,980 shares in the last quarter. Institutional investors own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

WTTR has been the topic of several analyst reports. Wall Street Zen raised Select Water Solutions from a “hold” rating to a “buy” rating in a research report on Saturday. Raymond James Financial reissued a “strong-buy” rating and set a $24.00 target price on shares of Select Water Solutions in a research report on Thursday, May 7th. Northland Securities set a $21.00 target price on Select Water Solutions in a research report on Thursday, May 7th. Piper Sandler boosted their target price on Select Water Solutions from $16.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Citigroup boosted their target price on Select Water Solutions from $18.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $22.50.

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.