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

Select Water Solutions, Inc. (NYSE:WTTR)’s share price reached a new 52-week high on Thursday . The company traded as high as $15.59 and last traded at $15.5860, with a volume of 553910 shares traded. The stock had previously closed at $15.15.

Analysts Set New Price Targets

A number of equities analysts have recently commented on WTTR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Select Water Solutions in a research report on Friday, January 9th. Piper Sandler raised their target price on shares of Select Water Solutions from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Wall Street Zen upgraded shares of Select Water Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. Northland Securities upgraded shares of Select Water Solutions from a “market perform” rating to an “outperform” rating and set a $18.00 price target for the company in a report on Thursday, February 19th. Finally, Citigroup increased their price objective on shares of Select Water Solutions from $15.00 to $16.50 and gave the company a “buy” rating in a research report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $16.63.

Select Water Solutions Trading Up 2.6%

The business has a 50-day moving average of $13.18 and a 200-day moving average of $11.53. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 73.92 and a beta of 0.98. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.42 and a current ratio of 1.57.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings data on Tuesday, February 17th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate 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 period in the previous year, the company posted ($0.02) earnings per share. As a group, research analysts forecast 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 Wednesday, February 18th. Shareholders of record on Friday, February 6th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, February 6th. Select Water Solutions’s dividend payout ratio (DPR) is presently 133.33%.

Insider Buying and Selling at Select Water Solutions

In other Select Water Solutions news, CEO John Schmitz sold 33,916 shares of the business’s stock in a transaction on 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. The trade was 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. 8.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Select Water Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in Select Water Solutions by 160.2% during the third quarter. Farther Finance Advisors LLC now owns 2,615 shares of the company’s stock worth $28,000 after purchasing an additional 1,610 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Select Water Solutions in the third quarter valued at about $29,000. State of Alaska Department of Revenue purchased a new stake in Select Water Solutions in the 3rd quarter valued at approximately $33,000. Osaic Holdings Inc. increased its position in Select Water Solutions by 59.9% during the 2nd quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock worth $42,000 after purchasing an additional 1,830 shares during the period. Finally, CIBC Private Wealth Group LLC increased its position in Select Water Solutions by 2,704.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 5,608 shares of the company’s stock worth $60,000 after purchasing an additional 5,408 shares during the period. Hedge funds and other institutional investors own 81.73% of the company’s stock.

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.