Select Water Solutions, Inc. (NYSE:WTTR) Given Consensus Recommendation of "Buy" by Brokerages

Key Points

• Analysts rate WTTR a "Buy": five covering firms average a Buy consensus with a 12‑month price target of $17.00, and recent upgrades/target raises from Northland, Citigroup and Piper Sandler lifted targets into the $16–$18 range.
• Latest quarter showed a mixed result: EPS of ($0.20) missed estimates by $0.21 while revenue of $346.5M beat expectations, though quarterly revenue was down 0.7% year‑over‑year.
• The company pays a quarterly $0.07 dividend (about a 1.8% yield) but has a dividend payout ratio of 133.3%, insiders recently trimmed holdings (CEO sold shares), and institutional investors own roughly 81.7% of the stock.

Select Water Solutions, Inc. (NYSE:WTTR - Get Free Report) has received an average rating of "Buy" from the five ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $17.00.

Several brokerages have commented on WTTR. Northland Securities upgraded shares of Select Water Solutions from a "market perform" rating to an "outperform" rating and set a $18.00 price target on the stock in a research note on Thursday, February 19th. Wall Street Zen upgraded shares of Select Water Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, December 27th. Citigroup increased their price target on shares of Select Water Solutions from $16.50 to $18.00 and gave the company a "buy" rating in a research note on Thursday, April 2nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Select Water Solutions in a research note on Wednesday. Finally, Piper Sandler increased their price target on shares of Select Water Solutions from $14.00 to $16.00 and gave the company an "overweight" rating in a research note on Thursday, February 26th.

Select Water Solutions Stock Up 0.4%

Shares of WTTR opened at $15.19 on Friday. The stock has a market capitalization of $1.84 billion, a PE ratio of 72.31 and a beta of 0.97. Select Water Solutions has a 1 year low of $7.20 and a 1 year high of $16.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.42 and a current ratio of 1.57. The company's 50-day simple moving average is $13.98 and its 200-day simple moving average is $12.02.

Select Water Solutions (NYSE:WTTR - Get Free Report) last released its earnings results on Tuesday, February 17th. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.21). Select Water Solutions had a return on equity of 2.30% and a net margin of 1.51%.The firm had revenue of $346.50 million for the quarter, compared to analysts' expectations of $320.85 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The firm's quarterly revenue was down .7% on a year-over-year basis. Analysts forecast that Select Water Solutions will post 0.91 earnings per share for the current fiscal year.

Select Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Friday, February 6th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, February 6th. Select Water Solutions's dividend payout ratio is presently 133.33%.

Insiders Place Their Bets

In related news, CEO John Schmitz sold 33,916 shares of Select Water Solutions stock in a transaction on Monday, February 9th. The shares were sold at an average price of $13.03, for a total value of $441,925.48. Following the transaction, the chief executive officer directly owned 249,243 shares in the company, valued at $3,247,636.29. This trade represents a 11.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 8.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Invesco Ltd. raised its stake in shares of Select Water Solutions by 17.5% during the 4th quarter. Invesco Ltd. now owns 913,844 shares of the company's stock worth $9,614,000 after buying an additional 136,324 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in Select Water Solutions by 10.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 17,699 shares of the company's stock worth $186,000 after purchasing an additional 1,692 shares in the last quarter. Virtus Investment Advisers LLC purchased a new stake in Select Water Solutions during the 4th quarter worth about $160,000. Inspire Investing LLC increased its position in Select Water Solutions by 1.9% during the 4th quarter. Inspire Investing LLC now owns 55,271 shares of the company's stock worth $581,000 after purchasing an additional 1,023 shares in the last quarter. Finally, Interval Partners LP purchased a new stake in Select Water Solutions during the 4th quarter worth about $315,000. Institutional investors and hedge funds 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.

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