Select Water Solutions, Inc. (NYSE:WTTR) Stock Has Consensus Price Target of $24.57

Key Points

• Select Water Solutions has a “Moderate Buy” consensus from ten analysts, with seven buy ratings and three holds. The average 12-month price target is $24.57, implying potential upside from the stock’s $19.88 opening price.
• The company recently exceeded quarterly expectations, reporting adjusted earnings of $0.17 per share versus a $0.13 consensus and revenue of $395.81 million, up 8.7% year over year.
• Institutional investors own 81.73% of WTTR, while the company’s stock has traded between $9.28 and $22.55 over the past year and currently has a market capitalization of approximately $2.75 billion.

Select Water Solutions, Inc. (NYSE:WTTR - Get Free Report) has received an average recommendation of "Moderate Buy" from the ten analysts that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $24.57.

Several analysts have recently issued reports on WTTR shares. Raymond James Financial cut Select Water Solutions from a "strong-buy" rating to an "outperform" rating and increased their price objective for the company from $24.00 to $26.00 in a research note on Thursday, August 6th. Wall Street Zen downgraded Select Water Solutions from a "buy" rating to a "hold" rating in a report on Saturday, October 3rd. Zacks Research downgraded shares of Select Water Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. JPMorgan Chase & Co. started coverage on Select Water Solutions in a research report on Friday, August 21st. They set an "overweight" rating and a $24.00 price target on the stock. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Select Water Solutions in a research report on Friday, October 2nd.

Select Water Solutions Price Performance

Select Water Solutions stock opened at $19.88 on Thursday. The firm has a market cap of $2.75 billion, a PE ratio of 71.01 and a beta of 1.01. Select Water Solutions has a 52-week low of $9.28 and a 52-week high of $22.55. The company has a quick ratio of 1.40, a current ratio of 1.58 and a debt-to-equity ratio of 0.17. The company's 50 day moving average is $19.65 and its two-hundred day moving average is $17.24.

Select Water Solutions (NYSE:WTTR - Get Free Report) last posted its quarterly 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 the consensus estimate of $373.33 million. Select Water Solutions had a net margin of 2.24% and a return on equity of 3.11%. The company's quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 earnings per share. On average, research analysts expect that Select Water Solutions will post 0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake 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 worth $100,220,000 after acquiring an additional 185,821 shares in the last quarter. Punch & Associates Investment Management Inc. increased its stake in Select Water Solutions by 1.8% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,528,895 shares of the company's stock valued at $23,392,000 after purchasing an additional 27,704 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its stake in Select Water Solutions by 30.4% in the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,330,000 shares of the company's stock valued at $26,321,000 after purchasing an additional 310,000 shares in the last quarter. Empowered Funds LLC raised its holdings in Select Water Solutions by 6.2% during the first quarter. Empowered Funds LLC now owns 574,438 shares of the company's stock worth $8,789,000 after purchasing an additional 33,614 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in Select Water Solutions by 100.0% during the first quarter. Sei Investments Co. now owns 422,854 shares of the company's stock worth $6,470,000 after purchasing an additional 211,421 shares during the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

About Select Water Solutions

Select Water Solutions, Inc provides water management and environmental services to the North American oil and gas industry. The company helps exploration and production companies source, transport, store, treat, recycle and dispose of water used in drilling and hydraulic fracturing operations.

Its services include freshwater sourcing and transfer, produced-water gathering and recycling, water infrastructure construction and management, well testing, and wastewater disposal. Select Water Solutions also provides water-treatment solutions and related equipment designed to support more efficient water use and reduce the environmental impact of oilfield operations.

Formerly known as Select Energy Services, the company adopted the Select Water Solutions name in 2023 to reflect its broader focus on water and environmental services.

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