Brokerages Set Select Water Solutions, Inc. (NYSE:WTTR) Price Target at $15.50

by · The Markets Daily

Shares of Select Water Solutions, Inc. (NYSE:WTTRGet Free Report) have earned an average recommendation of “Buy” from the five analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $15.50.

WTTR has been the topic of a number of recent research reports. Northland Securities upgraded Select Water Solutions from a “market perform” rating to an “outperform” rating and set a $18.00 target price on the stock in a research report on Thursday, February 19th. Piper Sandler set a $14.00 price objective on shares of Select Water Solutions in a report on Thursday, December 18th. Raymond James Financial reissued a “strong-buy” rating and set a $16.00 target price on shares of Select Water Solutions in a report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Select Water Solutions in a report on Friday, January 9th. Finally, Wall Street Zen raised shares of Select Water Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th.

View Our Latest Report on Select Water Solutions

Insider Buying and Selling

In other Select Water Solutions news, CEO John Schmitz sold 33,916 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $13.03, for a total transaction of $441,925.48. Following the completion of the transaction, the chief executive officer owned 249,243 shares of the company’s stock, valued at $3,247,636.29. This represents a 11.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 332,250 shares of company stock worth $3,803,896. 7.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Select Water Solutions

A number of large investors have recently modified their holdings of the business. Invesco Ltd. raised its position in shares of Select Water Solutions by 17.5% in the fourth quarter. Invesco Ltd. now owns 913,844 shares of the company’s stock valued at $9,614,000 after buying an additional 136,324 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in Select Water Solutions by 10.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 17,699 shares of the company’s stock valued at $186,000 after acquiring an additional 1,692 shares during the last quarter. Virtus Investment Advisers LLC purchased a new position in Select Water Solutions in the 4th quarter worth approximately $160,000. Inspire Investing LLC boosted its holdings in shares of Select Water Solutions by 1.9% during 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 last quarter. Finally, Interval Partners LP purchased a new stake in shares of Select Water Solutions in the fourth quarter valued at approximately $315,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Select Water Solutions Price Performance

NYSE WTTR opened at $12.81 on Friday. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 61.00 and a beta of 1.03. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.57 and a quick ratio of 1.42. The stock’s fifty day moving average price is $11.77 and its 200 day moving average price is $10.65. Select Water Solutions has a 1 year low of $7.20 and a 1 year high of $15.45.

Select Water Solutions (NYSE:WTTRGet Free Report) last posted its quarterly earnings results 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). Select Water Solutions had a net margin of 1.51% and a return on equity of 2.30%. The firm had revenue of $346.50 million for the quarter, compared to analysts’ expectations of $320.85 million. During the same quarter in the previous year, the firm posted ($0.02) EPS. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities research analysts forecast that Select Water Solutions will post 0.91 earnings per share for the current year.

Select Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Friday, February 6th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.2%. Select Water Solutions’s payout ratio is currently 133.33%.

About Select Water Solutions

(Get Free Report)

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.

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