Select Water Solutions (NYSE:WTTR) Trading Up 4.7% – Should You Buy?

Shares of Select Water Solutions, Inc. (NYSE:WTTR) were up 4.7% during mid-day trading on Thursday . The company traded as high as $8.66 and last traded at $8.63. Approximately 219,922 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 1,096,929 shares. The stock had previously closed at $8.24.

Wall Street Analyst Weigh In

Separately, Citigroup upped their target price on Select Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a report on Friday, January 10th.

Select Water Solutions Price Performance

The company has a market cap of $1.03 billion, a P/E ratio of 28.80 and a beta of 1.51. The firm has a 50 day moving average of $10.49 and a 200-day moving average of $12.11. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.14). Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. The firm had revenue of $349.05 million for the quarter, compared to analysts’ expectations of $333.62 million. On average, equities research analysts predict that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions’s dividend payout ratio (DPR) is presently 93.33%.

Insider Activity at Select Water Solutions

In other news, CEO John Schmitz sold 73,450 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $13.03, for a total value of $957,053.50. Following the completion of the sale, the chief executive officer now owns 2,825,128 shares in the company, valued at approximately $36,811,417.84. The trade was a 2.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Select Water Solutions

Institutional investors and hedge funds have recently bought and sold shares of the company. First Trust Advisors LP boosted its stake in Select Water Solutions by 21.9% in the 4th quarter. First Trust Advisors LP now owns 6,828,596 shares of the company’s stock worth $90,411,000 after purchasing an additional 1,226,061 shares in the last quarter. Hood River Capital Management LLC acquired a new stake in shares of Select Water Solutions during the fourth quarter worth $7,274,000. Penn Capital Management Company LLC purchased a new stake in shares of Select Water Solutions during the fourth quarter valued at $5,751,000. Van ECK Associates Corp increased its position in shares of Select Water Solutions by 27.4% in the 4th quarter. Van ECK Associates Corp now owns 1,998,193 shares of the company’s stock valued at $26,456,000 after acquiring an additional 430,363 shares during the period. Finally, Corigliano Investment Advisers LLC purchased a new position in Select Water Solutions in the 4th quarter worth $5,624,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Select Water Solutions Company Profile

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various surface rental equipment and workforce accommodation services.