Wall Street Zen Upgrades Select Water Solutions (NYSE:WTTR) to “Hold”

Select Water Solutions (NYSE:WTTR) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

WTTR has been the topic of a number of other research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a report on Tuesday, October 14th. Piper Sandler set a $14.00 target price on Select Water Solutions in a report on Thursday, December 18th. Northland Securities downgraded Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 price target for the company. in a research report on Thursday, November 13th. Northland Capmk downgraded Select Water Solutions from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $16.00 target price on shares of Select Water Solutions in a research report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Select Water Solutions Stock Performance

Select Water Solutions stock opened at $10.68 on Friday. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 56.19 and a beta of 0.97. Select Water Solutions has a fifty-two week low of $7.20 and a fifty-two week high of $14.65. 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 stock has a fifty day moving average of $10.82 and a two-hundred day moving average of $9.85.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.03 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 the consensus estimate of $306.39 million. During the same quarter in the prior year, the company posted $0.15 EPS. The company’s quarterly revenue was down 13.2% compared to the same quarter last year. On average, analysts anticipate that Select Water Solutions will post 0.91 EPS for the current fiscal year.

Insider Transactions at Select Water Solutions

In related news, CEO John Schmitz sold 70,375 shares of Select Water Solutions stock in a transaction on Friday, December 5th. The shares were sold at an average price of $11.21, for a total transaction of $788,903.75. Following the sale, the chief executive officer owned 31,372 shares of the company’s stock, valued at $351,680.12. The trade was a 69.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have sold 443,187 shares of company stock worth $4,927,971. Insiders own 7.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased 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 purchasing an additional 1,610 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Select Water Solutions in the third quarter worth about $29,000. State of Alaska Department of Revenue bought a new stake in Select Water Solutions in the third quarter valued at about $33,000. Osaic Holdings Inc. increased its holdings in Select Water Solutions by 59.9% in the second quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock valued at $42,000 after buying an additional 1,830 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in Select Water Solutions by 2,704.0% during the third 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. 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.