Select Water Solutions (NYSE:WTTR) Sets New 1-Year High – What’s Next?

Select Water Solutions, Inc. (NYSE:WTTR)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $16.00 and last traded at $15.3160, with a volume of 2712774 shares changing hands. The stock had previously closed at $15.22.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on WTTR shares. Wall Street Zen raised shares of Select Water Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. Northland Securities raised shares of Select Water Solutions from a “market perform” rating to an “outperform” rating and set a $18.00 price target for the company in a research report on Thursday, February 19th. Citigroup boosted their price objective on shares of Select Water Solutions from $15.00 to $16.50 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Piper Sandler upped their price objective on shares of Select Water Solutions from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Select Water Solutions in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $16.63.

Select Water Solutions Stock Performance

The business’s fifty day moving average price is $13.47 and its 200-day moving average price is $11.73. The stock has a market cap of $1.86 billion, a PE ratio of 72.94 and a beta of 0.98. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.42 and a current ratio of 1.57.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings data 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). The company had revenue of $346.50 million for the quarter, compared to analysts’ expectations of $320.85 million. Select Water Solutions had a net margin of 1.51% and a return on equity of 2.30%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.02) earnings per share. As a group, equities research analysts forecast that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders 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 yield of 1.8%. Select Water Solutions’s payout ratio is currently 133.33%.

Insider Buying and Selling at Select Water Solutions

In other news, CEO John Schmitz sold 33,916 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $13.03, for a total value of $441,925.48. Following the transaction, the chief executive officer directly owned 249,243 shares in the company, valued at $3,247,636.29. This trade represents a 11.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 7.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Barclays PLC grew its stake in shares of Select Water Solutions by 0.6% during the 4th quarter. Barclays PLC now owns 147,581 shares of the company’s stock valued at $1,553,000 after purchasing an additional 857 shares during the period. Inspire Investing LLC lifted its stake in shares of Select Water Solutions by 1.9% in the 4th quarter. Inspire Investing LLC now owns 55,271 shares of the company’s stock worth $581,000 after purchasing an additional 1,023 shares during the period. ProShare Advisors LLC lifted its stake in shares of Select Water Solutions by 8.4% in the 4th quarter. ProShare Advisors LLC now owns 17,299 shares of the company’s stock worth $182,000 after purchasing an additional 1,336 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Select Water Solutions by 2.5% in the third quarter. CANADA LIFE ASSURANCE Co now owns 64,258 shares of the company’s stock worth $686,000 after buying an additional 1,541 shares during the last quarter. Finally, Legato Capital Management LLC boosted its holdings in shares of Select Water Solutions by 1.7% in the third quarter. Legato Capital Management LLC now owns 97,358 shares of the company’s stock worth $1,041,000 after buying an additional 1,587 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.

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.