Select Water Solutions (NYSE:WTTR) COO Sells $355,600.00 in Stock

Select Water Solutions, Inc. (NYSE:WTTR) COO Michael Skarke sold 20,000 shares of Select Water Solutions stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $17.78, for a total value of $355,600.00. Following the transaction, the chief operating officer owned 360,738 shares in the company, valued at $6,413,921.64. This trade represents a 5.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Michael Skarke also recently made the following trade(s):

• On Monday, May 11th, Michael Skarke sold 90,000 shares of Select Water Solutions stock. The shares were sold at an average price of $17.31, for a total value of $1,557,900.00.

Select Water Solutions Trading Up 1.4%

NYSE:WTTR opened at $18.60 on Friday. Select Water Solutions, Inc. has a fifty-two week low of $7.82 and a fifty-two week high of $18.81. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.92 and a quick ratio of 1.42. The stock has a market capitalization of $2.57 billion, a PE ratio of 88.55 and a beta of 0.99. The business’s 50-day simple moving average is $15.48 and its 200-day simple moving average is $12.90.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.02. Select Water Solutions had a return on equity of 2.21% and a net margin of 1.54%.The business had revenue of $365.96 million for the quarter, compared to analysts’ expectations of $344.63 million. During the same quarter in the previous year, the business posted $0.08 EPS. Select Water Solutions’s revenue for the quarter was down 2.2% on a year-over-year basis. Sell-side 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 firm 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 1.5%. The ex-dividend date was Thursday, April 30th. Select Water Solutions’s payout ratio is 133.33%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on WTTR shares. Citigroup lifted their price objective on Select Water Solutions from $18.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday. Northland Securities set a $21.00 target price on Select Water Solutions in a research note on Thursday, May 7th. Piper Sandler boosted their target price on Select Water Solutions from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Raymond James Financial restated a “strong-buy” rating and issued a $24.00 target price on shares of Select Water Solutions in a research note on Thursday, May 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Select Water Solutions in a research note on Wednesday, April 8th. 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 stock. According to data from MarketBeat, Select Water Solutions currently has a consensus rating of “Buy” and an average price target of $21.25.

Institutional Investors Weigh In On Select Water Solutions

Several institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. increased its position in shares of Select Water Solutions by 56.4% during the 4th quarter. Franklin Resources Inc. now owns 7,726,049 shares of the company’s stock worth $81,278,000 after purchasing an additional 2,786,172 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Select Water Solutions by 2,133.9% during the 3rd quarter. Alliancebernstein L.P. now owns 2,131,277 shares of the company’s stock worth $22,783,000 after purchasing an additional 2,035,870 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Select Water Solutions by 124.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,801,488 shares of the company’s stock worth $19,258,000 after purchasing an additional 997,847 shares during the last quarter. Millennium Management LLC increased its position in shares of Select Water Solutions by 466.8% during the 1st quarter. Millennium Management LLC now owns 974,821 shares of the company’s stock worth $10,236,000 after purchasing an additional 802,833 shares during the last quarter. Finally, Encompass Capital Advisors LLC increased its position in shares of 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 worth $32,810,000 after purchasing an additional 746,534 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.