Select Water Solutions (NYSE:WTTR) Shares Up 5.7% – Should You Buy?

Select Water Solutions, Inc. (NYSE:WTTR)’s share price rose 5.7% on Tuesday . The company traded as high as $11.98 and last traded at $11.9190. Approximately 175,451 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 624,303 shares. The stock had previously closed at $11.28.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Northland Securities cut shares of Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 price target on the stock. in a research report on Thursday, November 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a report on Friday. Northland Capmk cut Select Water Solutions from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. Wall Street Zen raised Select Water Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Finally, Piper Sandler set a $14.00 price objective on Select Water Solutions in a research note on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.00.

Select Water Solutions Stock Up 3.2%

The firm has a fifty day simple moving average of $10.69 and a 200-day simple moving average of $10.00. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 61.26 and a beta of 0.98. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.48 and a current ratio of 1.64.

Select Water Solutions (NYSE:WTTR) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. The company had revenue of $322.24 million for 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 company’s revenue was down 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 earnings per share. As a group, sell-side analysts expect that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, November 7th were given a dividend of $0.07 per share. The ex-dividend date was Friday, November 7th. This represents a $0.28 annualized dividend and a yield of 2.4%. Select Water Solutions’s dividend payout ratio (DPR) is 147.37%.

Insider Activity at Select Water Solutions

In other news, CEO John Schmitz sold 211,118 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $11.15, for a total value of $2,353,965.70. Following the transaction, the chief executive officer owned 32,687 shares of the company’s stock, valued at approximately $364,460.05. This represents a 86.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 443,187 shares of company stock valued at $4,927,971 over the last 90 days. 7.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Select Water Solutions

Hedge funds have recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co raised its position in Select Water Solutions by 2.5% during the third quarter. CANADA LIFE ASSURANCE Co now owns 64,258 shares of the company’s stock valued at $686,000 after purchasing an additional 1,541 shares in the last quarter. Legato Capital Management LLC raised its holdings in shares of Select Water Solutions by 1.7% during the 3rd quarter. Legato Capital Management LLC now owns 97,358 shares of the company’s stock worth $1,041,000 after buying an additional 1,587 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Select Water Solutions by 160.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,615 shares of the company’s stock worth $28,000 after buying an additional 1,610 shares in the last quarter. Profund Advisors LLC lifted its position in shares of Select Water Solutions by 10.4% during the 2nd quarter. Profund Advisors LLC now owns 17,730 shares of the company’s stock worth $153,000 after buying an additional 1,663 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in Select Water Solutions by 59.9% in the second quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock valued at $42,000 after buying an additional 1,830 shares in the last quarter. 81.73% of the stock is owned by institutional investors.

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.