Select Water Solutions (NYSE:WTTR) Shares Gap Down – Here’s What Happened

Shares of Select Water Solutions, Inc. (NYSE:WTTR) gapped down prior to trading on Friday . The stock had previously closed at $14.22, but opened at $12.89. Select Water Solutions shares last traded at $13.07, with a volume of 1,800,751 shares.

Key Stories 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)

Analysts Set New Price Targets

WTTR has been the subject of a number of research analyst reports. Raymond James Financial reaffirmed a “strong-buy” rating and set a $16.00 price objective on shares of Select Water Solutions in a report on Wednesday, November 5th. Wall Street Zen upgraded Select Water Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Piper Sandler set a $14.00 price objective on Select Water Solutions in a report on Thursday, December 18th. Northland Securities upgraded 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 report on Thursday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Select Water Solutions in a research report on Friday, January 9th. One investment 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $15.50.

Select Water Solutions Stock Down 10.4%

The stock has a market capitalization of $1.54 billion, a P/E ratio of 60.69 and a beta of 1.03. The stock has a 50 day moving average price of $11.73 and a 200-day moving average price of $10.61. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.57 and a quick ratio of 1.48.

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 the consensus estimate of $0.01 by ($0.21). Select Water Solutions had a net margin of 1.51% and a return on equity of 2.30%. The company had revenue of $346.50 million for the quarter, compared to analysts’ expectations of $320.85 million. During the same quarter in the prior year, the company earned ($0.02) earnings per share. The company’s revenue was down .7% compared to the same quarter last year. As a group, research 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 issued 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 (DPR) is currently 133.33%.

Insider Activity at Select Water Solutions

In related news, CEO John Schmitz sold 211,118 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $11.15, for a total transaction of $2,353,965.70. Following the completion of the sale, the chief executive officer directly owned 32,687 shares in the company, valued at $364,460.05. This represents a 86.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 332,250 shares of company stock valued at $3,803,896 over the last quarter. 8.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Select Water Solutions

Large investors have recently added to or reduced their stakes in the company. Deprince Race & Zollo Inc. increased its holdings in Select Water Solutions by 1,334.5% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 3,783,865 shares of the company’s stock valued at $40,450,000 after purchasing an additional 3,520,091 shares during the period. Villanova Investment Management Co LLC grew its position in shares of Select Water Solutions by 181.8% in the 2nd quarter. Villanova Investment Management Co LLC now owns 217,519 shares of the company’s stock worth $1,879,000 after buying an additional 140,328 shares during the last quarter. American Century Companies Inc. grew its position in shares of Select Water Solutions by 4.0% in the 2nd quarter. American Century Companies Inc. now owns 3,660,705 shares of the company’s stock worth $31,628,000 after buying an additional 142,449 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Select Water Solutions during the second quarter valued at approximately $3,194,000. Finally, CenterBook Partners LP raised its holdings in shares of Select Water Solutions by 504.8% during the second quarter. CenterBook Partners LP now owns 959,272 shares of the company’s stock valued at $8,288,000 after acquiring an additional 800,656 shares in the last quarter. Institutional investors own 81.73% of the company’s stock.

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.