Select Water Solutions (NYSE:WTTR) Hits New 52-Week Low – Time to Sell?

by · The Cerbat Gem

Select Water Solutions, Inc. (NYSE:WTTR – Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $8.50 and last traded at $8.70, with a volume of 388666 shares changing hands. The stock had previously closed at $9.53.

Wall Street Analyst Weigh In

Separately, Citigroup raised their price target on shares of Select Water Solutions from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, January 10th.

View Our Latest Stock Analysis on Select Water Solutions

Select Water Solutions Stock Performance

The firm’s fifty day simple moving average is $11.56 and its 200 day simple moving average is $12.34. The company has a market capitalization of $1.03 billion, a PE ratio of 28.75 and a beta of 1.51. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62.

Select Water Solutions (NYSE:WTTR – Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.14). The company had revenue of $349.05 million for the quarter, compared to analyst estimates of $333.62 million. Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. On average, research analysts predict that Select Water Solutions, Inc. will post 0.91 EPS for the current year.

Select Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions’s dividend payout ratio (DPR) is 93.33%.

Insider Buying and Selling

In other news, CEO John Schmitz sold 73,450 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $13.03, for a total value of $957,053.50. Following the completion of the sale, the chief executive officer now directly owns 2,825,128 shares in the company, valued at $36,811,417.84. The trade was a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Select Water Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in shares of Select Water Solutions by 7.9% in the third quarter. Geode Capital Management LLC now owns 2,127,370 shares of the company’s stock valued at $23,683,000 after purchasing an additional 155,091 shares during the period. Barclays PLC boosted its holdings in Select Water Solutions by 319.3% in the 3rd quarter. Barclays PLC now owns 140,648 shares of the company’s stock worth $1,565,000 after buying an additional 107,107 shares during the last quarter. Swiss National Bank increased its stake in Select Water Solutions by 0.8% during the 4th quarter. Swiss National Bank now owns 181,900 shares of the company’s stock worth $2,408,000 after buying an additional 1,400 shares in the last quarter. Principal Financial Group Inc. acquired a new position in shares of Select Water Solutions during the third quarter valued at approximately $483,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Select Water Solutions in the fourth quarter worth approximately $203,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Select Water Solutions Company Profile

(Get Free Report)

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various surface rental equipment and workforce accommodation services.

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