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

Shares of Select Water Solutions, Inc. (NYSE:WTTR) have been assigned an average rating of “Buy” from the five analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $17.00.

Several brokerages have recently weighed in on WTTR. Citigroup boosted their price target on shares of Select Water Solutions from $16.50 to $18.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Northland Securities raised shares of Select Water Solutions from a “market perform” rating to an “outperform” rating and set a $18.00 target price on the stock in a research report on Thursday, February 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Select Water Solutions in a research report on Wednesday, April 8th. Finally, Piper Sandler upped their target price on shares of Select Water Solutions from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th.

Insider Activity

In other news, CEO John Schmitz sold 33,916 shares of the 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 sale, the chief executive officer owned 249,243 shares of the company’s stock, valued at approximately $3,247,636.29. This represents a 11.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.20% of the company’s stock.

Institutional Trading of Select Water Solutions

Hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp acquired a new stake in Select Water Solutions in the first quarter valued at approximately $1,008,000. Clare Market Investments LLC purchased a new position in shares of Select Water Solutions during the first quarter worth approximately $708,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new position in shares of Select Water Solutions during the first quarter worth approximately $6,426,000. Inspire Investing LLC grew its position in shares of Select Water Solutions by 7.2% during the first quarter. Inspire Investing LLC now owns 59,261 shares of the company’s stock worth $907,000 after acquiring an additional 3,990 shares during the last quarter. Finally, Apollon Wealth Management LLC purchased a new position in shares of Select Water Solutions during the first quarter worth approximately $368,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Select Water Solutions Price Performance

Select Water Solutions stock opened at $17.49 on Thursday. Select Water Solutions has a 52-week low of $7.20 and a 52-week high of $18.50. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 83.27 and a beta of 0.99. The company has a fifty day simple moving average of $15.00 and a 200-day simple moving average of $12.64. The company has a quick ratio of 1.42, a current ratio of 1.57 and a debt-to-equity ratio of 0.31.

Select Water Solutions (NYSE:WTTR) last released its earnings results on Tuesday, May 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping 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 2.33%. The business had revenue of $365.96 million during the quarter, compared to analyst estimates of $344.63 million. During the same quarter in the prior year, the firm earned $0.08 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, equities analysts anticipate that Select Water Solutions will post 0.19 EPS for the current fiscal year.

Select Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 13th. Stockholders of record on Thursday, April 30th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend 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%.

About Select Water Solutions

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.