Select Water Solutions, Inc. (NYSE:WTTR – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $20.48 and last traded at $20.1350, with a volume of 41051 shares trading hands. The stock had previously closed at $20.32.
Analyst Upgrades and Downgrades
WTTR has been the subject of a number of research analyst reports. Northland Securities set a $21.00 price objective on shares of Select Water Solutions in a research report on Thursday, May 7th. Zacks Research cut Select Water Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Piper Sandler lifted their price objective on Select Water Solutions from $16.00 to $21.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a report on Monday, July 6th. Finally, Citigroup boosted their price objective on Select Water Solutions from $18.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Select Water Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.40.
Get Our Latest Stock Report on WTTR
Select Water Solutions Stock Down 2.7%
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, beating 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. The firm’s revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 EPS. Equities analysts forecast that Select Water Solutions, Inc. will post 0.45 earnings per share for the current fiscal year.
Select Water Solutions Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Stockholders of record on Thursday, April 30th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Thursday, April 30th. Select Water Solutions’s dividend payout ratio (DPR) is presently 133.33%.
Insider Buying and Selling
In related news, CAO Brian Szymanski sold 20,000 shares of Select Water Solutions stock in a transaction on Monday, May 11th. The stock was sold at an average price of $17.04, for a total value of $340,800.00. Following the completion of the transaction, the chief accounting officer directly owned 114,752 shares in the company, valued at approximately $1,955,374.08. This trade represents a 14.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robin H. Fielder sold 27,010 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $16.80, for a total value of $453,768.00. Following the transaction, the director directly owned 43,315 shares of the company’s stock, valued at $727,692. The trade was a 38.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 222,010 shares of company stock valued at $3,925,971. 6.20% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Select Water Solutions
Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC boosted its stake in shares of Select Water Solutions by 0.6% in the fourth quarter. Barclays PLC now owns 147,581 shares of the company’s stock valued at $1,553,000 after buying an additional 857 shares in the last quarter. Inspire Investing LLC raised its position in Select Water Solutions by 1.9% in the fourth quarter. Inspire Investing LLC now owns 55,271 shares of the company’s stock worth $581,000 after acquiring an additional 1,023 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Select Water Solutions by 8.4% in the fourth quarter. ProShare Advisors LLC now owns 17,299 shares of the company’s stock valued at $182,000 after acquiring an additional 1,336 shares during the period. Quantinno Capital Management LP lifted its holdings in Select Water Solutions by 3.5% in the first quarter. Quantinno Capital Management LP now owns 42,180 shares of the company’s stock valued at $645,000 after acquiring an additional 1,438 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of Select Water Solutions by 2.5% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 64,258 shares of the company’s stock worth $686,000 after purchasing an additional 1,541 shares in the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.
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.
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