Analysts Set Select Water Solutions, Inc. (NYSE:WTTR) Target Price at $14.00

Select Water Solutions, Inc. (NYSE:WTTR) has earned an average rating of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment 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 1-year target price among analysts that have covered the stock in the last year is $14.00.

A number of brokerages have recently commented on WTTR. Piper Sandler set a $14.00 price target on shares of Select Water Solutions in a report on Thursday, December 18th. Northland Securities cut 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 note on Thursday, November 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Select Water Solutions in a research note on Friday, January 9th. Raymond James Financial reiterated a “strong-buy” rating and issued a $16.00 price objective on shares of Select Water Solutions in a report on Wednesday, November 5th. Finally, Wall Street Zen raised Select Water Solutions from a “sell” rating to a “hold” rating in a report on Saturday, December 27th.

Insider Activity

In other Select Water Solutions news, CEO John Schmitz sold 70,375 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $11.21, for a total transaction of $788,903.75. Following the completion of the sale, the chief executive officer directly owned 31,372 shares in the company, valued at $351,680.12. This represents a 69.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 443,187 shares of company stock valued at $4,927,971. 8.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Select Water Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Keybank National Association OH lifted its position in Select Water Solutions by 24.2% in the fourth quarter. Keybank National Association OH now owns 25,151 shares of the company’s stock valued at $265,000 after purchasing an additional 4,901 shares during the last quarter. Comerica Bank grew its holdings in shares of Select Water Solutions by 112.4% in the fourth quarter. Comerica Bank now owns 73,234 shares of the company’s stock worth $770,000 after purchasing an additional 38,749 shares during the last quarter. UBS Group AG increased its stake in shares of Select Water Solutions by 46.0% in the fourth quarter. UBS Group AG now owns 230,614 shares of the company’s stock worth $2,426,000 after buying an additional 72,613 shares during the period. Round Rock Advisors LLC raised its holdings in Select Water Solutions by 58.4% during the 4th quarter. Round Rock Advisors LLC now owns 42,585 shares of the company’s stock valued at $448,000 after buying an additional 15,695 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Select Water Solutions by 8.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,886 shares of the company’s stock valued at $462,000 after buying an additional 3,355 shares during the period. 81.73% of the stock is currently owned by institutional investors.

Select Water Solutions Stock Up 0.4%

Shares of NYSE WTTR opened at $12.11 on Tuesday. 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 company has a market cap of $1.47 billion, a P/E ratio of 63.74 and a beta of 0.98. Select Water Solutions has a 52 week low of $7.20 and a 52 week high of $13.64. The business has a 50-day simple moving average of $11.08 and a two-hundred day simple moving average of $10.25.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. The firm had revenue of $322.24 million during the quarter, compared to analyst estimates of $306.39 million. Select Water Solutions had a net margin of 1.41% and a return on equity of 2.26%. The business’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 EPS. Research analysts anticipate that Select Water Solutions will post 0.91 earnings per share for the current fiscal year.

Select Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Friday, February 6th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $0.28 annualized dividend and a dividend yield of 2.3%. Select Water Solutions’s dividend payout ratio (DPR) is 147.37%.

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.