Select Water Solutions (NYSE:WTTR) Sets New 1-Year High – What’s Next?

Shares of Select Water Solutions, Inc. (NYSE:WTTR) hit a new 52-week high during trading on Wednesday . The company traded as high as $16.00 and last traded at $15.3160, with a volume of 2712774 shares changing hands. The stock had previously closed at $15.22.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on WTTR shares. Citigroup lifted their price target on shares of Select Water Solutions from $15.00 to $16.50 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Piper Sandler raised their target price on Select Water Solutions from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Northland Securities upgraded 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. Wall Street Zen raised Select Water Solutions from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Select Water Solutions in a research report on Friday, January 9th. One investment 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $16.63.

Select Water Solutions Trading Up 0.6%

The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.42 and a current ratio of 1.57. The company has a market capitalization of $1.86 billion, a PE ratio of 72.94 and a beta of 0.98. The stock has a fifty day moving average of $13.47 and a 200 day moving average of $11.73.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings data on Tuesday, February 17th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.21). The company had revenue of $346.50 million for the quarter, compared to analysts’ expectations of $320.85 million. Select Water Solutions had a net margin of 1.51% and a return on equity of 2.30%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the business earned ($0.02) earnings per share. As a group, sell-side analysts predict that Select Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Select Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Friday, February 6th were given a dividend of $0.07 per share. The ex-dividend date was Friday, February 6th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.8%. Select Water Solutions’s dividend payout ratio is currently 133.33%.

Insiders Place Their Bets

In other Select Water Solutions news, CEO John Schmitz sold 33,916 shares of Select Water Solutions stock in a transaction on Monday, February 9th. The shares were sold at an average price of $13.03, for a total value of $441,925.48. Following the sale, the chief executive officer directly owned 249,243 shares in the company, valued at approximately $3,247,636.29. The trade was a 11.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 7.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its position in shares of Select Water Solutions by 160.2% during the third 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. Wilmington Savings Fund Society FSB bought a new stake in shares of Select Water Solutions in the third quarter worth about $29,000. State of Alaska Department of Revenue purchased a new stake in shares of Select Water Solutions in the third quarter worth about $33,000. Osaic Holdings Inc. lifted its position in shares of Select Water Solutions by 59.9% in the second quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock worth $42,000 after buying an additional 1,830 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in Select Water Solutions by 2,704.0% during the third quarter. CIBC Private Wealth Group LLC now owns 5,608 shares of the company’s stock valued at $60,000 after buying an additional 5,408 shares during the last quarter. 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.