Select Water Solutions, Inc. (NYSE:WTTR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Select Water Solutions, Inc. (NYSE:WTTR) have earned an average rating of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $22.80.

Several equities analysts have recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Select Water Solutions in a research report on Monday, July 6th. Piper Sandler upped their price target on Select Water Solutions from $16.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Zacks Research cut shares of Select Water Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Bank of America began coverage on shares of Select Water Solutions in a research report on Friday, May 29th. They set a “buy” rating and a $22.00 target price for the company. Finally, Citigroup lifted their price target on shares of Select Water Solutions from $18.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, May 12th.

Select Water Solutions Trading Up 2.2%

Shares of NYSE:WTTR opened at $20.82 on Friday. The stock has a 50 day moving average of $19.29 and a 200 day moving average of $16.71. The company has a market cap of $2.88 billion, a PE ratio of 74.35 and a beta of 0.99. The company has a current ratio of 1.58, a quick ratio of 1.76 and a debt-to-equity ratio of 0.17. Select Water Solutions has a 12-month low of $7.86 and a 12-month high of $22.55.

Select Water Solutions (NYSE:WTTR) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. The business had revenue of $395.81 million for the quarter, compared to the consensus estimate of $373.33 million. Select Water Solutions had a net margin of 2.24% and a return on equity of 3.11%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.10 earnings per share. As a group, equities research analysts expect that Select Water Solutions will post 0.56 EPS for the current year.

Select Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Friday, August 7th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, August 7th. Select Water Solutions’s dividend payout ratio (DPR) is currently 100.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in Select Water Solutions in the third quarter worth $29,000. Osaic Holdings Inc. increased its holdings in shares of Select Water Solutions by 59.9% in the 2nd quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock worth $42,000 after buying an additional 1,830 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Select Water Solutions by 2,704.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 5,608 shares of the company’s stock valued at $60,000 after buying an additional 5,408 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Select Water Solutions by 5,584.0% in the 1st quarter. Jones Financial Companies Lllp now owns 7,105 shares of the company’s stock valued at $75,000 after acquiring an additional 6,980 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Select Water Solutions by 190.5% in the second quarter. Tower Research Capital LLC TRC now owns 8,916 shares of the company’s stock worth $77,000 after acquiring an additional 5,847 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors.

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.