Select Water Solutions, Inc. (NYSE:WTTR) Receives $14.25 Consensus Target Price from Brokerages

Shares of Select Water Solutions, Inc. (NYSE:WTTR) have received an average rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $14.25.

A number of research analysts recently issued reports on WTTR shares. Northland Capmk downgraded Select Water Solutions from a “strong-buy” rating to a “hold” rating in a report on Thursday. Northland Securities cut Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a research note on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Select Water Solutions in a report on Tuesday, October 14th. Wall Street Zen cut shares of Select Water Solutions from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $16.00 price objective on shares of Select Water Solutions in a research report on Wednesday, November 5th.

Select Water Solutions Price Performance

Shares of Select Water Solutions stock opened at $9.95 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.64 and a quick ratio of 1.48. Select Water Solutions has a one year low of $7.20 and a one year high of $15.14. The business’s 50 day simple moving average is $10.60 and its two-hundred day simple moving average is $9.40. The stock has a market capitalization of $1.21 billion, a P/E ratio of 52.34 and a beta of 1.18.

Select Water Solutions (NYSE:WTTR) last issued its earnings results on Wednesday, November 5th. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $322.24 million for the quarter, compared to the consensus estimate of $306.39 million. Select Water Solutions had a net margin of 1.41% and a return on equity of 2.26%. The firm’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 earnings per share. Analysts forecast that Select Water Solutions will post 0.91 EPS for the current year.

Select Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, November 7th will be issued a dividend of $0.07 per share. The ex-dividend date is Friday, November 7th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.8%. Select Water Solutions’s dividend payout ratio is 147.37%.

Insider Buying and Selling at Select Water Solutions

In related news, CEO John Schmitz sold 9,521 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $11.04, for a total value of $105,111.84. Following the sale, the chief executive officer directly owned 36,633 shares of the company’s stock, valued at $404,428.32. This represents a 20.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. boosted its stake in Select Water Solutions by 3.9% during the first quarter. Principal Financial Group Inc. now owns 48,603 shares of the company’s stock worth $510,000 after acquiring an additional 1,822 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Select Water Solutions by 187.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 88,839 shares of the company’s stock worth $933,000 after purchasing an additional 57,889 shares in the last quarter. M&T Bank Corp purchased a new stake in shares of Select Water Solutions in the 1st quarter worth approximately $244,000. Cerity Partners LLC bought a new position in Select Water Solutions during the 1st quarter valued at approximately $155,000. Finally, New York State Common Retirement Fund raised its stake in Select Water Solutions by 57.6% during the first quarter. New York State Common Retirement Fund now owns 664,868 shares of the company’s stock valued at $6,981,000 after buying an additional 243,114 shares during the last quarter. 81.73% of the stock is currently owned by 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.