Select Water Solutions, Inc. (NYSE:WTTR) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on Select Water Solutions, with seven buy ratings and three holds. The average 12-month price target is $24.57, versus a recent share price of $20.01.
• Select Water Solutions exceeded quarterly expectations, reporting $0.17 in EPS on $395.81 million in revenue, while revenue increased 8.7% year over year.
• The company pays a quarterly dividend of $0.07, equating to a 1.4% yield, and institutional investors own approximately 81.73% of outstanding shares.

Shares of Select Water Solutions, Inc. (NYSE:WTTR - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the ten analysts that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $24.57.

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. assumed coverage on Select Water Solutions in a report on Friday, August 21st. They set an "overweight" rating and a $24.00 target price for the company. Wall Street Zen downgraded shares of Select Water Solutions from a "buy" rating to a "hold" rating in a report on Saturday. TD Cowen cut shares of Select Water Solutions to a "neutral" rating in a research note on Friday, August 21st. Zacks Research lowered shares of Select Water Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Finally, Bank of America increased their target price on shares of Select Water Solutions from $24.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday.

Select Water Solutions Price Performance

Select Water Solutions stock opened at $20.01 on Friday. Select Water Solutions has a one year low of $9.28 and a one year high of $22.55. The business has a fifty day moving average price of $19.95 and a 200-day moving average price of $18.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.58 and a quick ratio of 1.40. The firm has a market capitalization of $2.77 billion, a P/E ratio of 71.46 and a beta of 1.01.

Select Water Solutions (NYSE:WTTR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. The company 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 quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 earnings per share. As a group, equities research analysts forecast that Select Water Solutions will post 0.59 EPS for the current year.

Select Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Friday, August 7th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.28 annualized dividend and a dividend yield of 1.4%. Select Water Solutions's dividend payout ratio is presently 100.00%.

Institutional Investors Weigh In On Select Water Solutions

Several large investors have recently added to or reduced their stakes in WTTR. Quantinno Capital Management LP raised its holdings in Select Water Solutions by 3.5% during the 1st quarter. Quantinno Capital Management LP now owns 42,180 shares of the company's stock valued at $645,000 after buying an additional 1,438 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Select Water Solutions by 14.4% during the first quarter. Pictet Asset Management Holding SA now owns 19,127 shares of the company's stock valued at $293,000 after acquiring an additional 2,414 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Select Water Solutions during the second quarter valued at about $54,000. Nykredit A S purchased a new stake in shares of Select Water Solutions during the second quarter worth about $62,000. Finally, WINTON GROUP Ltd boosted its holdings in shares of Select Water Solutions by 11.4% during the second quarter. WINTON GROUP Ltd now owns 30,900 shares of the company's stock worth $617,000 after purchasing an additional 3,172 shares during the period. Institutional investors own 81.73% of the company's stock.

Select Water Solutions Company Profile

Select Water Solutions, Inc provides water management and chemical solutions to the North American oil and natural gas industry. Its services support drilling, completions, production and infrastructure operations, with an emphasis on sourcing, transferring, treating, recycling and disposing of water used in energy production.

The company's offerings include water sourcing and transfer, water recycling and treatment, fluid management, pipeline and infrastructure services, and related logistics.

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