Select Water Solutions, Inc. (NYSE:WTTR) Given Average Recommendation of “Moderate Buy” by Brokerages

Select Water Solutions, Inc. (NYSE:WTTRGet Free Report) has received a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $23.00.

A number of analysts have recently issued reports on WTTR shares. Raymond James Financial downgraded Select Water Solutions from a “strong-buy” rating to an “outperform” rating and lifted their price target for the company from $24.00 to $26.00 in a research report on Thursday, August 6th. Zacks Research downgraded shares of Select Water Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Piper Sandler boosted their price target on shares of Select Water Solutions from $16.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. JPMorgan Chase & Co. began coverage on shares of Select Water Solutions in a report on Friday, August 21st. They issued an “overweight” rating and a $24.00 price target on the stock. Finally, Wall Street Zen upgraded shares of Select Water Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th.

Read Our Latest Stock Analysis on WTTR

Select Water Solutions Trading Up 3.4%

Shares of WTTR stock opened at $20.74 on Wednesday. The company has a market capitalization of $2.87 billion, a PE ratio of 74.08 and a beta of 1.01. Select Water Solutions has a 52-week low of $8.36 and a 52-week high of $22.55. The business’s fifty day moving average is $19.75 and its 200 day moving average is $17.63. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.40 and a current ratio of 1.58.

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

Select Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Friday, August 7th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 7th. Select Water Solutions’s dividend payout ratio is currently 100.00%.

Institutional Investors Weigh In On Select Water Solutions

Several hedge funds have recently added to or reduced their stakes in WTTR. Franklin Resources Inc. lifted its stake in Select Water Solutions by 56.4% during the fourth quarter. Franklin Resources Inc. now owns 7,726,049 shares of the company’s stock worth $81,278,000 after purchasing an additional 2,786,172 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Select Water Solutions by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,550,309 shares of the company’s stock valued at $100,220,000 after purchasing an additional 185,821 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Select Water Solutions by 16.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,126,486 shares of the company’s stock valued at $54,802,000 after buying an additional 705,612 shares in the last quarter. State Street Corp raised its holdings in shares of Select Water Solutions by 15.1% during the 4th quarter. State Street Corp now owns 3,246,517 shares of the company’s stock valued at $34,153,000 after buying an additional 426,822 shares in the last quarter. Finally, Encompass Capital Advisors LLC lifted its position in Select Water Solutions by 31.5% in the 4th quarter. Encompass Capital Advisors LLC now owns 3,118,824 shares of the company’s stock worth $32,810,000 after buying an additional 746,534 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.

Select Water Solutions Company Profile

(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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Analyst Recommendations for Select Water Solutions (NYSE:WTTR)

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