Select Water Solutions, Inc. (NYSE:WTTR) Stock Has Consensus Price Target of $24.57

Select Water Solutions, Inc. (NYSE:WTTR) has received an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $24.57.

WTTR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Select Water Solutions in a research note on Friday, August 21st. They set an “overweight” rating and a $24.00 price objective for the company. TD Cowen cut shares of Select Water Solutions to a “neutral” rating in a research report on Friday, August 21st. Zacks Research downgraded shares of Select Water Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Raymond James Financial lowered shares of Select Water Solutions from a “strong-buy” rating to an “outperform” rating and upped their price target for the stock from $24.00 to $26.00 in a research report on Thursday, August 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Select Water Solutions in a research note on Friday, October 2nd.

Select Water Solutions Stock Up 2.1%

Shares of NYSE WTTR opened at $19.88 on Thursday. The firm’s 50-day moving average is $19.65 and its two-hundred day moving average is $17.24. The company has a market capitalization of $2.75 billion, a PE ratio of 71.01 and a beta of 1.01. Select Water Solutions has a 12-month low of $9.28 and a 12-month high of $22.55. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.58 and a quick ratio of 1.40.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Select Water Solutions had a return on equity of 3.11% and a net margin of 2.24%. The business had revenue of $395.81 million for the quarter, compared to analyst estimates of $373.33 million. During the same quarter last year, the company earned $0.10 earnings per share. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. Equities analysts anticipate that Select Water Solutions will post 0.58 EPS for the current fiscal year.

Institutional Trading of Select Water Solutions

Institutional investors and hedge funds have recently bought and sold shares of the company. State of Wyoming acquired a new stake in shares of Select Water Solutions in the 3rd quarter worth approximately $381,000. North Star Investment Management Corp. increased its stake in shares of Select Water Solutions by 3.4% during the third quarter. North Star Investment Management Corp. now owns 110,600 shares of the company’s stock valued at $2,189,000 after acquiring an additional 3,600 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of Select Water Solutions by 4.8% during the third quarter. Asset Management One Co. Ltd. now owns 280,073 shares of the company’s stock valued at $5,543,000 after acquiring an additional 12,953 shares during the period. Miller Howard Investments Inc. NY raised its holdings in Select Water Solutions by 1.4% during the third quarter. Miller Howard Investments Inc. NY now owns 107,679 shares of the company’s stock worth $2,131,000 after purchasing an additional 1,507 shares in the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its position in Select Water Solutions by 30.4% in the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,330,000 shares of the company’s stock worth $26,321,000 after purchasing an additional 310,000 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Select Water Solutions Company Profile

Select Water Solutions, Inc provides water management and environmental services to the North American oil and gas industry. The company helps exploration and production companies source, transport, store, treat, recycle and dispose of water used in drilling and hydraulic fracturing operations.

Its services include freshwater sourcing and transfer, produced-water gathering and recycling, water infrastructure construction and management, well testing, and wastewater disposal. Select Water Solutions also provides water-treatment solutions and related equipment designed to support more efficient water use and reduce the environmental impact of oilfield operations.

Formerly known as Select Energy Services, the company adopted the Select Water Solutions name in 2023 to reflect its broader focus on water and environmental services.