Select Water Solutions (NYSE:WTTR) Sets New 1-Year High at $9.76

Shares of Select Water Solutions, Inc. (NYSE:WTTR - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $9.76 and last traded at $9.48, with a volume of 70609 shares changing hands. The stock had previously closed at $9.27.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Citigroup raised shares of Select Water Solutions from a "neutral" rating to a "buy" rating and set a $13.00 price objective for the company in a research report on Thursday. Northland Securities initiated coverage on Select Water Solutions in a research report on Monday, April 22nd. They issued a "market perform" rating and a $11.50 price objective on the stock.

Select Water Solutions Price Performance

The business's 50 day moving average price is $9.10 and its 200-day moving average price is $8.07. The company has a quick ratio of 1.76, a current ratio of 1.94 and a debt-to-equity ratio of 0.08. The company has a market cap of $1.12 billion, a PE ratio of 14.58 and a beta of 1.65.

Select Water Solutions (NYSE:WTTR - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.05). The firm had revenue of $366.60 million for the quarter, compared to analysts' expectations of $369.29 million. Select Water Solutions had a return on equity of 7.46% and a net margin of 4.28%. The business's quarterly revenue was down 12.0% on a year-over-year basis. During the same period last year, the firm earned $0.12 EPS. As a group, analysts forecast that Select Water Solutions, Inc. will post 0.64 earnings per share for the current year.

Select Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, May 3rd will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Thursday, May 2nd. Select Water Solutions's dividend payout ratio is currently 36.92%.

Insiders Place Their Bets

In related news, SVP Christopher Kile George sold 23,000 shares of the company's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $8.63, for a total value of $198,490.00. Following the sale, the senior vice president now directly owns 255,587 shares of the company's stock, valued at $2,205,715.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Brian Szymanski sold 6,422 shares of the business's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $8.60, for a total value of $55,229.20. Following the completion of the sale, the chief accounting officer now directly owns 95,936 shares in the company, valued at approximately $825,049.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Christopher Kile George sold 23,000 shares of the firm's stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $8.63, for a total value of $198,490.00. Following the transaction, the senior vice president now owns 255,587 shares in the company, valued at $2,205,715.81. The disclosure for this sale can be found here. Insiders have sold 46,511 shares of company stock worth $398,053 in the last three months. 8.40% of the stock is owned by insiders.

Institutional Trading of Select Water Solutions

Several institutional investors have recently added to or reduced their stakes in the business. North Star Investment Management Corp. bought a new stake in shares of Select Water Solutions during the 4th quarter valued at about $918,000. Invesco Ltd. grew its holdings in shares of Select Water Solutions by 18.2% during the third quarter. Invesco Ltd. now owns 865,323 shares of the company's stock valued at $6,879,000 after purchasing an additional 133,416 shares during the last quarter. Gendell Jeffrey L raised its position in shares of Select Water Solutions by 12.1% during the 3rd quarter. Gendell Jeffrey L now owns 1,121,189 shares of the company's stock worth $8,913,000 after purchasing an additional 121,199 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Select Water Solutions by 113.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 946,646 shares of the company's stock worth $7,526,000 after purchasing an additional 503,780 shares during the last quarter. Finally, Meros Investment Management LP boosted its position in Select Water Solutions by 31.7% during the 3rd quarter. Meros Investment Management LP now owns 732,118 shares of the company's stock valued at $5,820,000 after purchasing an additional 176,102 shares during the period. Institutional investors own 81.73% of the company's stock.

Select Water Solutions Company Profile

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various surface rental equipment and workforce accommodation services.