Brokerages Set Select Water Solutions, Inc. (NYSE:WTTR) Price Target at $14.00

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

Several research analysts have commented on the stock. Raymond James Financial reissued a “strong-buy” rating and set a $16.00 price objective on shares of Select Water Solutions in a report on Wednesday, November 5th. Piper Sandler set a $14.00 price target on Select Water Solutions in a research note on Thursday, December 18th. Wall Street Zen raised Select Water Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a research report on Friday, January 9th. Finally, Northland Securities lowered shares of Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 target price for the company. in a report on Thursday, November 13th.

Select Water Solutions Trading Up 5.2%

Shares of WTTR opened at $12.08 on Tuesday. Select Water Solutions has a 1 year low of $7.20 and a 1 year high of $13.64. The company has a 50 day simple moving average of $11.03 and a two-hundred day simple moving average of $10.23. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.64 and a quick ratio of 1.48. The firm has a market cap of $1.46 billion, a P/E ratio of 63.58 and a beta of 0.98.

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

Select Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Friday, February 6th will be issued a $0.07 dividend. The ex-dividend date is Friday, February 6th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.3%. Select Water Solutions’s payout ratio is 147.37%.

Insider Activity at Select Water Solutions

In related news, CEO John Schmitz sold 211,118 shares of Select Water Solutions stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $11.15, for a total value of $2,353,965.70. Following the completion of the transaction, the chief executive officer owned 32,687 shares in the company, valued at approximately $364,460.05. This trade represents a 86.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 443,187 shares of company stock valued at $4,927,971. 8.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Select Water Solutions

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Select Water Solutions by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,297,344 shares of the company’s stock valued at $67,319,000 after acquiring an additional 15,800 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Select Water Solutions by 16.0% in the third quarter. Wellington Management Group LLP now owns 5,126,486 shares of the company’s stock worth $54,802,000 after purchasing an additional 705,612 shares during the last quarter. Franklin Resources Inc. increased its stake in Select Water Solutions by 78.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,939,877 shares of the company’s stock worth $52,807,000 after buying an additional 2,166,649 shares during the period. American Century Companies Inc. lifted its holdings in 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. Finally, Deprince Race & Zollo Inc. lifted its holdings in Select Water Solutions by 1,334.5% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 3,783,865 shares of the company’s stock valued at $40,450,000 after buying an additional 3,520,091 shares in the last quarter. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

About Select Water Solutions

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.