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

Select Water Solutions, Inc. (NYSE:WTTR) has been assigned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $14.25.

Several analysts have commented on WTTR shares. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $16.00 target price on shares of Select Water Solutions in a research note on Wednesday, November 5th. Northland Securities cut Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 price objective on the stock. in a report on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Select Water Solutions in a research report on Tuesday, October 14th. Finally, Wall Street Zen downgraded Select Water Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th.

Hedge Funds Weigh In On Select Water Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the stock. State of Wyoming grew its stake in shares of Select Water Solutions by 34.1% during the 1st quarter. State of Wyoming now owns 5,932 shares of the company’s stock valued at $62,000 after buying an additional 1,509 shares during the period. Legato Capital Management LLC increased its stake in Select Water Solutions by 1.7% during the third quarter. Legato Capital Management LLC now owns 97,358 shares of the company’s stock worth $1,041,000 after acquiring an additional 1,587 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Select Water Solutions by 160.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,615 shares of the company’s stock valued at $28,000 after purchasing an additional 1,610 shares in the last quarter. Profund Advisors LLC grew its holdings in shares of Select Water Solutions by 10.4% during the 2nd quarter. Profund Advisors LLC now owns 17,730 shares of the company’s stock worth $153,000 after purchasing an additional 1,663 shares during the period. Finally, Principal Financial Group Inc. increased its position in Select Water Solutions by 3.9% during the 1st quarter. Principal Financial Group Inc. now owns 48,603 shares of the company’s stock worth $510,000 after purchasing an additional 1,822 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Select Water Solutions Price Performance

NYSE:WTTR opened at $10.79 on Thursday. Select Water Solutions has a 12-month low of $7.20 and a 12-month high of $15.14. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 56.77 and a beta of 1.18. The company’s 50-day moving average is $10.54 and its two-hundred day moving average is $9.38. The company has a current ratio of 1.64, a quick ratio of 1.48 and a debt-to-equity ratio of 0.31.

Select Water Solutions (NYSE:WTTR) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. The business had revenue of $322.24 million during the quarter, compared to the consensus estimate of $306.39 million. Select Water Solutions had a net margin of 1.41% and a return on equity of 2.26%. The company’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 earnings per share. Research analysts expect that Select Water Solutions will post 0.91 EPS for the current year.

Select Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, November 7th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.6%. Select Water Solutions’s dividend payout ratio is currently 147.37%.

About Select Water Solutions

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various surface rental equipment and workforce accommodation services.