Select Water Solutions (NYSE:WTTR) Reaches New 52-Week High – Here’s What Happened

Select Water Solutions, Inc. (NYSE:WTTR)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $14.65 and last traded at $14.9170, with a volume of 3218 shares traded. The stock had previously closed at $13.26.

Analysts Set New Price Targets

Several analysts have commented on WTTR shares. Raymond James Financial restated a “strong-buy” rating and set a $16.00 price objective on shares of Select Water Solutions in a research note on Wednesday, November 5th. Piper Sandler set a $14.00 price target on shares of Select Water Solutions in a report on Thursday, December 18th. Wall Street Zen raised Select Water Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Select Water Solutions in a report on Friday, January 9th. Finally, Northland Securities lowered Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $14.00.

Select Water Solutions Stock Up 10.2%

The company has a market cap of $1.77 billion, a price-to-earnings ratio of 77.08 and a beta of 1.03. The business has a fifty day moving average of $11.58 and a two-hundred day moving average of $10.52. The company has a current ratio of 1.64, a quick ratio of 1.48 and a debt-to-equity ratio of 0.31.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings data on Tuesday, February 17th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.21). The business had revenue of $346.50 million during the quarter, compared to analysts’ expectations of $320.85 million. Select Water Solutions had a net margin of 1.41% and a return on equity of 2.26%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.02) earnings per share. As a group, equities analysts anticipate that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Friday, February 6th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, February 6th. This represents a $0.28 dividend on an annualized basis and a yield of 1.9%. Select Water Solutions’s dividend payout ratio is currently 147.37%.

Insider Activity

In related news, CEO John Schmitz sold 33,916 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $13.03, for a total value of $441,925.48. Following the transaction, the chief executive officer directly owned 249,243 shares of the company’s stock, valued at approximately $3,247,636.29. This trade represents a 11.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 332,250 shares of company stock valued at $3,803,896 in the last quarter. 8.40% of the stock is owned by company insiders.

Institutional Trading of Select Water Solutions

Large investors have recently made changes to their positions in the company. Deprince Race & Zollo Inc. boosted its position in Select Water Solutions by 1,334.5% during 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 during the last quarter. Villanova Investment Management Co LLC increased its stake in shares of Select Water Solutions by 181.8% in the 2nd quarter. Villanova Investment Management Co LLC now owns 217,519 shares of the company’s stock worth $1,879,000 after acquiring an additional 140,328 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Select Water Solutions by 4.0% during the 2nd quarter. American Century Companies Inc. now owns 3,660,705 shares of the company’s stock worth $31,628,000 after acquiring an additional 142,449 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Select Water Solutions during the 2nd quarter valued at about $3,194,000. Finally, CenterBook Partners LP increased its position in Select Water Solutions by 504.8% during the second quarter. CenterBook Partners LP now owns 959,272 shares of the company’s stock worth $8,288,000 after purchasing an additional 800,656 shares during the last quarter. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

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.