Select Water Solutions, Inc. (NYSE:WTTR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Select Water Solutions, Inc. (NYSE:WTTR) has been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $14.00.

WTTR has been the subject of a number of research reports. 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. Wall Street Zen upgraded Select Water Solutions from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Piper Sandler set a $14.00 target price on shares of Select Water Solutions in a research report on Thursday, December 18th. Northland Securities lowered Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 price objective on the stock. in a report on Thursday, November 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a report on Friday, January 9th.

Select Water Solutions Stock Performance

Shares of WTTR opened at $11.77 on Tuesday. The company has a market capitalization of $1.43 billion, a PE ratio of 61.92 and a beta of 0.98. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.48 and a current ratio of 1.64. The company’s 50 day moving average price is $10.90 and its 200 day moving average price is $10.19. Select Water Solutions has a 52 week low of $7.20 and a 52 week high of $13.94.

Select Water Solutions (NYSE:WTTR) last issued its earnings results on Wednesday, November 5th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. Select Water Solutions had a net margin of 1.41% and a return on equity of 2.26%. The company had revenue of $322.24 million during the quarter, compared to analyst estimates of $306.39 million. During the same quarter last year, the business posted $0.15 EPS. The company’s revenue for the quarter was down 13.2% on a year-over-year basis. Research analysts expect that Select Water Solutions will post 0.91 EPS for the current fiscal year.

Select Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Friday, February 6th will be paid a $0.07 dividend. The ex-dividend date is Friday, February 6th. This represents a $0.28 annualized dividend and a dividend yield of 2.4%. Select Water Solutions’s dividend payout ratio (DPR) is presently 147.37%.

Insider Transactions 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 443,187 shares of company stock worth $4,927,971 over the last 90 days. Insiders own 7.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. CANADA LIFE ASSURANCE Co lifted its stake in shares of Select Water Solutions by 2.5% in the third quarter. CANADA LIFE ASSURANCE Co now owns 64,258 shares of the company’s stock valued at $686,000 after buying an additional 1,541 shares during the period. Legato Capital Management LLC raised its holdings in Select Water Solutions by 1.7% in the 3rd quarter. Legato Capital Management LLC now owns 97,358 shares of the company’s stock valued at $1,041,000 after acquiring an additional 1,587 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Select Water Solutions by 160.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,615 shares of the company’s stock worth $28,000 after acquiring an additional 1,610 shares during the period. Profund Advisors LLC grew its holdings in shares of Select Water Solutions by 10.4% during the 2nd quarter. Profund Advisors LLC now owns 17,730 shares of the company’s stock worth $153,000 after purchasing an additional 1,663 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position in shares of Select Water Solutions by 59.9% during the second quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock valued at $42,000 after purchasing an additional 1,830 shares during the period. 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.