Select Water Solutions (NYSE:WTTR) Sets New 1-Year High – Should You Buy?

Select Water Solutions, Inc. (NYSE:WTTR) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $20.48 and last traded at $20.1350, with a volume of 41051 shares trading hands. The stock had previously closed at $20.32.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on WTTR shares. Raymond James Financial reissued a “strong-buy” rating and issued a $24.00 target price on shares of Select Water Solutions in a report on Thursday, May 7th. Piper Sandler upped their target price on shares of Select Water Solutions from $16.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Bank of America began coverage on shares of Select Water Solutions in a research report on Friday, May 29th. They set a “buy” rating and a $22.00 target price for the company. Citigroup boosted their price target on shares of Select Water Solutions from $18.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, Northland Securities set a $21.00 price objective on shares of Select Water Solutions in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.40.

Select Water Solutions Stock Performance

The stock’s 50 day moving average is $18.77 and its two-hundred day moving average is $15.48. The firm has a market capitalization of $2.74 billion, a P/E ratio of 94.60 and a beta of 0.98. 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, beating analysts’ consensus estimates of $0.06 by $0.02. Select Water Solutions had a net margin of 1.54% and a return on equity of 2.21%. The firm had revenue of $365.96 million during the quarter, compared to analysts’ expectations of $344.63 million. During the same quarter in the previous year, the company earned $0.08 earnings per share. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, equities analysts anticipate that Select Water Solutions, Inc. will post 0.45 earnings per share for the current fiscal year.

Insider Activity at Select Water Solutions

In related news, Director Robin H. Fielder sold 27,010 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $16.80, for a total value of $453,768.00. Following the sale, the director directly owned 43,315 shares of the company’s stock, valued at approximately $727,692. The trade was a 38.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard Alan Burnett sold 45,316 shares of Select Water Solutions stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $18.74, for a total transaction of $849,221.84. Following the completion of the sale, the director owned 71,578 shares in the company, valued at $1,341,371.72. This trade represents a 38.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 222,010 shares of company stock valued at $3,925,971. Insiders own 6.20% of the company’s stock.

Institutional Trading of Select Water Solutions

A number of large investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its stake in 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 last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Select Water Solutions by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,550,309 shares of the company’s stock worth $100,220,000 after acquiring an additional 185,821 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Select Water Solutions by 16.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,126,486 shares of the company’s stock worth $54,802,000 after acquiring an additional 705,612 shares during the last quarter. State Street Corp raised its stake in Select Water Solutions by 15.1% in the 4th quarter. State Street Corp now owns 3,246,517 shares of the company’s stock valued at $34,153,000 after acquiring an additional 426,822 shares during the period. Finally, Encompass Capital Advisors LLC lifted its holdings in Select Water Solutions by 31.5% during the 4th quarter. Encompass Capital Advisors LLC now owns 3,118,824 shares of the company’s stock valued at $32,810,000 after purchasing an additional 746,534 shares during the last quarter. Institutional investors and hedge funds 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.