Select Water Solutions (NYSE:WTTR – Get Free Report) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.
WTTR has been the subject of several other research reports. Piper Sandler lifted 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 report on Monday, May 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a research report on Wednesday, April 8th. Raymond James Financial reiterated a “strong-buy” rating and set a $24.00 price target on shares of Select Water Solutions in a research report on Thursday, May 7th. Northland Securities set a $21.00 price target on shares of Select Water Solutions in a research report on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of Select Water Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Select Water Solutions has an average rating of “Buy” and a consensus target price of $22.50.
View Our Latest Analysis on Select Water Solutions
Select Water Solutions Stock Down 0.1%
Select Water Solutions (NYSE:WTTR – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.06 by $0.02. Select Water Solutions had a net margin of 1.54% and a return on equity of 2.21%. The company had revenue of $365.96 million during the quarter, compared to analysts’ expectations of $344.63 million. During the same quarter in the previous year, the company earned $0.08 EPS. Select Water Solutions’s revenue was down 2.2% on a year-over-year basis. On average, sell-side analysts forecast that Select Water Solutions will post 0.29 earnings per share for the current year.
Insider Activity
In other Select Water Solutions news, COO Michael Skarke sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $17.78, for a total value of $355,600.00. Following the completion of the sale, the chief operating officer owned 360,738 shares of the company’s stock, valued at approximately $6,413,921.64. This represents a 5.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Alan Burnett sold 45,316 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $18.74, for a total transaction of $849,221.84. Following the completion of the sale, the director directly owned 71,578 shares of the company’s stock, valued at $1,341,371.72. The trade was a 38.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 222,010 shares of company stock worth $3,925,971 over the last three months. Company insiders own 6.20% of the company’s stock.
Institutional Investors Weigh In On Select Water Solutions
Several large investors have recently bought and sold shares of the company. Franklin Resources Inc. increased its stake in Select Water Solutions by 56.4% in the fourth quarter. Franklin Resources Inc. now owns 7,726,049 shares of the company’s stock valued at $81,278,000 after purchasing an additional 2,786,172 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Select Water Solutions by 2.9% in the first 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 in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Select Water Solutions by 0.3% in the third quarter. Vanguard Group Inc. now owns 6,297,344 shares of the company’s stock valued at $67,319,000 after buying an additional 15,800 shares during the period. Wellington Management Group LLP boosted 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 valued at $54,802,000 after buying an additional 705,612 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Select Water Solutions by 6.5% in the third 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 during the period. 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.
See Also
- Five stocks we like better than Select Water Solutions
- AI Can’t Reach the Real World Without These 3 Stocks
- Banks Are Buying Back Stock Hand Over Fist, Including These 3 Names
- 2 Aluminum Stocks Poised for Big Tariff-Related Gains
- AutoZone’s Pullback Sets Up a Long-Term Buying Opportunity
Receive News & Ratings for Select Water Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Water Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
