Select Water Solutions (NYSE:WTTR) Hits New 52-Week High – Still a Buy?

Select Water Solutions, Inc. (NYSE:WTTR)’s share price reached 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. The stock had previously closed at $13.26.

Key Headlines Impacting Select Water Solutions

Here are the key news stories impacting Select Water Solutions this week:

• Positive Sentiment: Northland Securities upgraded WTTR to an “Outperform” and set an $18 price target (~41% upside from current levels); Northland also raised some near‑term EPS forecasts, which supports a constructive medium‑term outlook. Northland Upgrade
• Neutral Sentiment: Q4 results showed revenue beat ($346.5M vs. $320.9M est.), signaling solid topline performance, but EPS missed consensus (reported ($0.20) vs. $0.01 est.), leaving near‑term profitability questions unresolved. Q4 Earnings Transcript
• Neutral Sentiment: Earnings call transcripts and highlights are available for deeper read; management commentary may clarify margin drivers and capital allocation priorities. Earnings Call Transcript
• Negative Sentiment: The company announced an underwritten public offering of $175.0M and then priced 13,725,491 shares at $12.75 each — a material equity issuance at a discounted price that will dilute existing shareholders and increase share supply. Management said proceeds will fund growth projects, potential M&A or debt repayment. Offering Priced (PR Newswire)
• Negative Sentiment: Market reaction: WTTR shares slid after news of the discounted offering, with unusually high trading volume — investors are selling into dilution despite the positive analyst take. Stock Slides After Offering (MSN)

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Piper Sandler set a $14.00 price objective on Select Water Solutions in a research note on Thursday, December 18th. Raymond James Financial restated a “strong-buy” rating and issued a $16.00 target price on shares of Select Water Solutions in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Select Water Solutions in a research note on Friday, January 9th. Wall Street Zen raised shares of Select Water Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Finally, Northland Securities raised shares of Select Water Solutions from a “market perform” rating to an “outperform” rating and set a $18.00 price objective on the stock in a research note on Thursday. One equities research 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, Select Water Solutions has a consensus rating of “Buy” and an average target price of $15.50.

Select Water Solutions Stock Performance

The company has a market cap of $1.54 billion, a price-to-earnings ratio of 60.69 and a beta of 1.03. The company has a current ratio of 1.57, a quick ratio of 1.48 and a debt-to-equity ratio of 0.31. The stock’s 50 day moving average price is $11.73 and its 200 day moving average price is $10.60.

Select Water Solutions (NYSE:WTTR) last issued its earnings results on Tuesday, February 17th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.21). The firm had revenue of $346.50 million during the quarter, compared to analyst estimates of $320.85 million. Select Water Solutions had a net margin of 1.51% and a return on equity of 2.30%. Select Water Solutions’s revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.02) EPS. On average, analysts expect that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Friday, February 6th were paid a $0.07 dividend. The ex-dividend date was Friday, February 6th. This represents a $0.28 annualized dividend and a dividend yield of 2.2%. Select Water Solutions’s dividend payout ratio is 147.37%.

Insiders Place Their Bets

In related news, CEO John Schmitz sold 33,916 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $13.03, for a total transaction of $441,925.48. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have sold 332,250 shares of company stock worth $3,803,896. 8.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in shares of Select Water Solutions by 10.1% in the 1st quarter. Royal Bank of Canada now owns 531,681 shares of the company’s stock worth $5,582,000 after purchasing an additional 48,896 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Select Water Solutions by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,221 shares of the company’s stock valued at $569,000 after buying an additional 2,356 shares during the last quarter. Millennium Management LLC increased its holdings in Select Water Solutions by 466.8% in the first quarter. Millennium Management LLC now owns 974,821 shares of the company’s stock valued at $10,236,000 after buying an additional 802,833 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Select Water Solutions by 5,584.0% during the first quarter. Jones Financial Companies Lllp now owns 7,105 shares of the company’s stock valued at $75,000 after buying an additional 6,980 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Select Water Solutions by 90.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,212,008 shares of the company’s stock worth $12,726,000 after buying an additional 576,660 shares during the last quarter. 81.73% of the stock is currently 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.