Select Water Solutions, Inc. (NYSE:WTTR) Receives $14.00 Consensus Price Target from Brokerages

Shares of Select Water Solutions, Inc. (NYSE:WTTR) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $14.00.

A number of research analysts have commented on WTTR shares. Northland Securities downgraded shares of Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a research report on Thursday, November 13th. Northland Capmk lowered shares of Select Water Solutions from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Piper Sandler set a $14.00 price objective on shares of Select Water Solutions in a research note on Thursday, December 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Select Water Solutions in a research report on Tuesday, October 14th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $16.00 price target on shares of Select Water Solutions in a research report on Wednesday, November 5th.

Select Water Solutions Trading Down 3.0%

WTTR opened at $11.26 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.64 and a debt-to-equity ratio of 0.31. The stock’s fifty day moving average is $10.74 and its two-hundred day moving average is $9.93. The company has a market capitalization of $1.36 billion, a P/E ratio of 59.24 and a beta of 0.98. Select Water Solutions has a 52 week low of $7.20 and a 52 week high of $14.65.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. The business had revenue of $322.24 million for the quarter, compared to the consensus estimate of $306.39 million. Select Water Solutions had a return on equity of 2.26% and a net margin of 1.41%.The business’s revenue was down 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.15 EPS. Analysts forecast that Select Water Solutions will post 0.91 earnings per share for the current year.

Select Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, November 7th were issued a $0.07 dividend. The ex-dividend date was Friday, November 7th. This represents a $0.28 dividend on an annualized basis and a yield of 2.5%. Select Water Solutions’s payout ratio is currently 147.37%.

Insider Activity at Select Water Solutions

In other news, CEO John Schmitz sold 70,375 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $11.21, for a total value of $788,903.75. Following the sale, the chief executive officer directly owned 31,372 shares in the company, valued at approximately $351,680.12. This trade represents a 69.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 443,187 shares of company stock worth $4,927,971 over the last ninety days. Corporate insiders own 7.60% of the company’s stock.

Institutional Investors Weigh In On Select Water Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its position in shares of Select Water Solutions by 3.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 1,054,145 shares of the company’s stock worth $9,108,000 after purchasing an additional 38,692 shares in the last quarter. Strs Ohio acquired a new position in Select Water Solutions during the 1st quarter valued at about $660,000. Palogic Value Management L.P. purchased a new stake in Select Water Solutions in the first quarter valued at about $682,000. Deprince Race & Zollo Inc. boosted its holdings in Select Water Solutions by 1,334.5% in the third quarter. Deprince Race & Zollo Inc. now owns 3,783,865 shares of the company’s stock worth $40,450,000 after acquiring an additional 3,520,091 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in shares of Select Water Solutions during the first quarter worth about $315,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

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.