Analysts Set Select Water Solutions, Inc. (NYSE:WTTR) Target Price at $17.00

Select Water Solutions, Inc. (NYSE:WTTR) has been assigned an average rating of “Buy” from the five ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $17.00.

Several research firms have weighed in on WTTR. Northland Securities upgraded shares of Select Water Solutions from a “market perform” rating to an “outperform” rating and set a $18.00 price target on the stock in a research report on Thursday, February 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a research report on Wednesday, April 8th. Citigroup increased their price target on shares of Select Water Solutions from $16.50 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Wall Street Zen raised shares of Select Water Solutions from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Finally, Piper Sandler lifted their price target 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.

Insider Buying and Selling at Select Water Solutions

In related news, CEO John Schmitz sold 33,916 shares of Select Water Solutions stock in a transaction on Monday, February 9th. The shares were sold at an average price of $13.03, for a total transaction of $441,925.48. Following the transaction, the chief executive officer owned 249,243 shares in the company, valued at approximately $3,247,636.29. The trade was a 11.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Franklin Resources Inc. lifted its stake in shares of Select Water Solutions by 56.4% during the 4th quarter. Franklin Resources Inc. now owns 7,726,049 shares of the company’s stock valued at $81,278,000 after buying an additional 2,786,172 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Select Water Solutions by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,364,488 shares of the company’s stock valued at $66,955,000 after buying an additional 58,875 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Select Water Solutions by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,297,344 shares of the company’s stock valued at $67,319,000 after buying an additional 15,800 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Select Water Solutions by 16.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,126,486 shares of the company’s stock valued at $54,802,000 after buying an additional 705,612 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Select Water Solutions by 6.5% during the 3rd quarter. American Century Companies Inc. now owns 3,899,603 shares of the company’s stock valued at $41,687,000 after buying an additional 238,898 shares in the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Select Water Solutions Stock Up 2.2%

WTTR opened at $14.81 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.42 and a debt-to-equity ratio of 0.31. Select Water Solutions has a 1-year low of $7.20 and a 1-year high of $16.00. The company has a market capitalization of $1.80 billion, a PE ratio of 70.53 and a beta of 0.97. The firm’s 50 day simple moving average is $14.08 and its two-hundred day simple moving average is $12.08.

Select Water Solutions (NYSE:WTTR) last released its quarterly 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 return on equity of 2.30% and a net margin of 1.51%.The business had revenue of $346.50 million during the quarter, compared to the consensus estimate of $320.85 million. During the same quarter in the previous year, the business posted ($0.02) earnings per share. The firm’s revenue was down .7% on a year-over-year basis. As a group, equities 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 was paid on Wednesday, February 18th. Investors of record on Friday, February 6th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, February 6th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.9%. Select Water Solutions’s payout ratio is 133.33%.

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.