Select Water Solutions, Inc. (NYSE:WTTR) Stock Has Consensus Price Target of $24.57 According to Brokerages

Shares of Select Water Solutions, Inc. (NYSE:WTTR) have been assigned an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $24.57.

A number of research analysts have issued reports on WTTR shares. Weiss Ratings restated a “hold (c)” rating on shares of Select Water Solutions in a research report on Friday, October 2nd. Zacks Research downgraded shares of Select Water Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Raymond James Financial lowered shares of Select Water Solutions from a “strong-buy” rating to an “outperform” rating and increased their price target for the stock from $24.00 to $26.00 in a research report on Thursday, August 6th. Bank of America raised their price objective on Select Water Solutions from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, September 30th. Finally, UBS Group reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Select Water Solutions in a research note on Wednesday, September 30th.

Institutional Trading of Select Water Solutions

A number of hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new stake in Select Water Solutions in the 2nd quarter valued at about $54,000. Nykredit A S bought a new position in Select Water Solutions during the 2nd quarter valued at approximately $62,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Select Water Solutions during the 1st quarter worth approximately $164,000. Alpine Woods Capital Investors LLC bought a new stake in shares of Select Water Solutions in the 1st quarter worth approximately $233,000. Finally, Pictet Asset Management Holding SA increased its position in shares of Select Water Solutions by 14.4% during the first quarter. Pictet Asset Management Holding SA now owns 19,127 shares of the company’s stock valued at $293,000 after acquiring an additional 2,414 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors.

Select Water Solutions Trading Up 0.9%

Shares of Select Water Solutions stock opened at $19.77 on Friday. Select Water Solutions has a fifty-two week low of $9.28 and a fifty-two week high of $22.55. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.40 and a current ratio of 1.58. The company has a market capitalization of $2.74 billion, a P/E ratio of 70.60 and a beta of 1.01. The company has a fifty day moving average of $20.10 and a 200 day moving average of $18.60.

Select Water Solutions (NYSE:WTTR) last issued its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Select Water Solutions had a net margin of 2.24% and a return on equity of 3.11%. The firm had revenue of $395.81 million during the quarter, compared to analyst estimates of $373.33 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. Select Water Solutions’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, sell-side analysts anticipate that Select Water Solutions will post 0.59 earnings per share for the current fiscal year.

Select Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Friday, August 7th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.28 annualized dividend and a dividend yield of 1.4%. Select Water Solutions’s payout ratio is presently 100.00%.

About Select Water Solutions

Select Water Solutions, Inc provides water management and chemical solutions to the North American oil and natural gas industry. Its services support drilling, completions, production and infrastructure operations, with an emphasis on sourcing, transferring, treating, recycling and disposing of water used in energy production.

The company’s offerings include water sourcing and transfer, water recycling and treatment, fluid management, pipeline and infrastructure services, and related logistics.