Select Water Solutions (NYSE:WTTR) Reaches New 12-Month High - Should You Buy?

Key Points

• Select Water Solutions shares surged to a new 52-week high of $22.55, up roughly 20% from the prior close, following strong quarterly results.
• Second-quarter EPS reached $0.17 versus the $0.13 consensus, while revenue rose 8.7% year over year to $395.8 million. Water Infrastructure and Chemical Technologies both posted significant growth, with revenue records in each segment.
• A Delaware Basin agreement covering 14 disposal wells and a pipeline project includes a 128-million-barrel minimum volume commitment, improving future revenue visibility. However, the stock’s elevated 79.3 P/E ratio means continued earnings and margin growth may be needed to support its valuation; analysts maintain a “Moderate Buy” consensus with a $22.40 price target.

Shares of Select Water Solutions, Inc. (NYSE:WTTR - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $22.55 and last traded at $22.2020, with a volume of 6973475 shares trading hands. The stock had previously closed at $18.50.

Key Headlines Impacting Select Water Solutions

Here are the key news stories impacting Select Water Solutions this week:

• Positive Sentiment: Q2 earnings and revenue exceeded expectations. Select reported earnings of $0.17 per share, up from $0.10 a year earlier and above analyst estimates of approximately $0.11–$0.13. Revenue reached $395.8 million, exceeding the $373.3 million consensus estimate and increasing 8.7% year over year. Select Water Solutions Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Growth accelerated across key operating segments. Water Infrastructure revenue reached a record $102 million, up 26% year over year, while Chemical Technologies revenue set a record of $96 million, up 23% sequentially. Consolidated revenue increased $30 million, or 8%, from the first quarter, while net income rose $13 million and Adjusted EBITDA improved by $15 million. Select Water Solutions Announces Second Quarter 2026 Updates
• Positive Sentiment: New Delaware Basin agreement supports future revenue visibility. Select signed a definitive agreement with a large public operator involving 14 saltwater disposal wells and a new pipeline project backed by a 128-million-barrel minimum volume commitment. The commitment could provide a more predictable base of activity in the Northern Delaware Basin. Select Water Solutions Reaches New High After Profit Nearly Doubles
• Neutral Sentiment: WTTR’s rally has lifted the shares close to their 52-week high, while the stock’s elevated price-to-earnings ratio indicates investors are already assigning substantial value to continued earnings growth. Future performance may depend on whether the company can sustain its recent margin and revenue improvements.

Analyst Ratings Changes

WTTR has been the topic of several research analyst reports. Piper Sandler raised their price objective on Select Water Solutions from $16.00 to $21.00 and gave the stock an "overweight" rating in a research note on Monday, May 18th. Zacks Research cut Select Water Solutions from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th. Bank of America started coverage on Select Water Solutions in a report on Friday, May 29th. They issued a "buy" rating and a $22.00 price target for the company. Citigroup raised their price target on Select Water Solutions from $18.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Select Water Solutions in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $22.40.

Select Water Solutions Trading Up 20.0%

The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 79.29 and a beta of 0.99. The business's fifty day moving average is $18.98 and its 200 day moving average is $16.31. The company has a quick ratio of 1.76, a current ratio of 1.92 and a debt-to-equity ratio of 0.18.

Select Water Solutions (NYSE:WTTR - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.04. Select Water Solutions had a net margin of 2.24% and a return on equity of 3.22%. The firm had revenue of $395.81 million during the quarter, compared to analyst estimates of $373.33 million. During the same period in the prior year, the business earned $0.10 EPS. The company's revenue for the quarter was up 8.7% compared to the same quarter last year. Equities analysts predict that Select Water Solutions, Inc. will post 0.46 earnings per share for the current year.

Select Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Friday, August 7th will be issued a dividend of $0.07 per share. The ex-dividend date is Friday, August 7th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. Select Water Solutions's dividend payout ratio (DPR) is presently 100.00%.

Insider Transactions at Select Water Solutions

In other news, Director Richard Alan Burnett sold 45,316 shares of the firm's stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $18.74, for a total transaction of $849,221.84. Following the completion of the transaction, the director directly owned 71,578 shares of the company's stock, valued at $1,341,371.72. This trade represents a 38.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Brian Szymanski sold 20,000 shares of Select Water Solutions stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $17.04, for a total transaction of $340,800.00. Following the completion of the sale, the chief accounting officer owned 114,752 shares in the company, valued at $1,955,374.08. This trade represents a 14.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 222,010 shares of company stock worth $3,925,971 in the last 90 days. 6.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in WTTR. Franklin Resources Inc. increased its stake in Select Water Solutions by 56.4% in the 4th quarter. Franklin Resources Inc. now owns 7,726,049 shares of the company's stock valued at $81,278,000 after buying an additional 2,786,172 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in 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 buying an additional 185,821 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Select Water Solutions by 16.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,126,486 shares of the company's stock worth $54,802,000 after buying an additional 705,612 shares during the last quarter. State Street Corp boosted its stake in shares of Select Water Solutions by 15.1% during the 4th quarter. State Street Corp now owns 3,246,517 shares of the company's stock worth $34,153,000 after buying an additional 426,822 shares during the last quarter. Finally, Encompass Capital Advisors LLC grew its holdings in shares of Select Water Solutions by 31.5% in the 4th quarter. Encompass Capital Advisors LLC now owns 3,118,824 shares of the company's stock valued at $32,810,000 after acquiring an additional 746,534 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company's stock.

Select Water Solutions Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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