Select Water Solutions, Inc. (NYSE:WTTR) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Select Water Solutions, Inc. (NYSE:WTTR) have earned an average recommendation of “Buy” from the five ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $16.6250.

WTTR has been the topic of a number of analyst reports. Piper Sandler increased their price target on shares of Select Water Solutions from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Citigroup upped their target price on shares of Select Water Solutions from $15.00 to $16.50 and gave the company a “buy” rating in a research note on Thursday, February 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a report on Friday, January 9th. Northland Securities raised shares of Select Water Solutions from a “market perform” rating to an “outperform” rating and set a $18.00 price target on the stock in a research report on Thursday, February 19th. Finally, Wall Street Zen raised shares of Select Water Solutions from a “sell” rating to a “hold” rating in a report on Saturday, December 27th.

Select Water Solutions Trading Up 3.1%

NYSE WTTR opened at $14.60 on Wednesday. The stock has a 50-day simple moving average of $12.78 and a 200 day simple moving average of $11.29. The company has a market capitalization of $1.77 billion, a PE ratio of 69.50 and a beta of 0.98. The company has a current ratio of 1.57, a quick ratio of 1.42 and a debt-to-equity ratio of 0.31. Select Water Solutions has a 12 month low of $7.20 and a 12 month high of $15.45.

Select Water Solutions (NYSE:WTTR) last issued its earnings results 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 the consensus estimate of $320.85 million. Select Water Solutions had a return on equity of 2.30% and a net margin of 1.51%.Select Water Solutions’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the business posted ($0.02) EPS. Research analysts forecast that Select Water Solutions will post 0.91 EPS for the current year.

Select Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Friday, February 6th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, February 6th. Select Water Solutions’s payout ratio is presently 133.33%.

Insider Activity

In other news, CEO John Schmitz sold 33,916 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $13.03, for a total transaction of $441,925.48. Following the sale, the chief executive officer owned 249,243 shares of the company’s stock, valued at $3,247,636.29. This trade represents a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.60% of the stock is owned by company insiders.

Institutional Trading of Select Water Solutions

Large investors have recently bought and sold shares of the business. Franklin Resources Inc. raised its holdings in Select Water Solutions by 56.4% during the 4th quarter. Franklin Resources Inc. now owns 7,726,049 shares of the company’s stock worth $81,278,000 after buying an additional 2,786,172 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Select Water Solutions by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,364,488 shares of the company’s stock worth $66,955,000 after acquiring an additional 58,875 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Select Water Solutions by 0.3% during the third quarter. Vanguard Group Inc. now owns 6,297,344 shares of the company’s stock worth $67,319,000 after acquiring an additional 15,800 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Select Water Solutions by 16.0% during the third quarter. Wellington Management Group LLP now owns 5,126,486 shares of the company’s stock worth $54,802,000 after acquiring an additional 705,612 shares during the period. Finally, American Century Companies Inc. lifted its position in Select Water Solutions by 6.5% in the 3rd quarter. American Century Companies Inc. now owns 3,899,603 shares of the company’s stock valued at $41,687,000 after acquiring an additional 238,898 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.