Select Water Solutions (WTTR) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Select Water Solutions in the last twelve months. There are currently 1 hold rating, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" WTTR shares.
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3 brokerages have issued 12-month price targets for Select Water Solutions' shares. Their WTTR share price forecasts range from $8.50 to $12.00. On average, they expect the company's share price to reach $10.50 in the next year. This suggests a possible upside of 30.6% from the stock's current price.
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Select Water Solutions' stock was trading at $9.24 at the start of the year. Since then, WTTR shares have decreased by 13.0% and is now trading at $8.04.
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Select Water Solutions saw a drop in short interest during the month of August. As of August 15th, there was short interest totaling 1,670,000 shares, a drop of 21.6% from the July 31st total of 2,130,000 shares. Based on an average trading volume of 996,100 shares, the short-interest ratio is currently 1.7 days.
View Select Water Solutions' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our WTTR earnings forecast.

Select Water Solutions, Inc. (NYSE:WTTR) announced its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by $0.02. The firm earned $404.63 million during the quarter, compared to analysts' expectations of $420.36 million. Select Water Solutions had a net margin of 3.89% and a trailing twelve-month return on equity of 7.23%.

Select Water Solutions announced a quarterly dividend on Thursday, July 27th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.05 per share on Thursday, August 17th. This represents a $0.20 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, August 4th.
Read our dividend analysis for WTTR.

ETFs with the largest weight of Select Water Solutions (NYSE:WTTR) stock in their portfolio include VanEck Oil Services ETF (OIH), SPDR S&P Oil & Gas Equipment & Services ETF (XES), RiverFront Dynamic US Dividend Advantage ETF (RFDA), Direxion Daily Oil Services Bull 2X Shares (ONG) and Invesco S&P Global Water Index ETF (CGW).Ecofin Global Water ESG Fund (EBLU).

Select Water Solutions (NYSE:WTTR) pays an annual dividend of $0.20 per share and currently has a dividend yield of 2.48%. The dividend payout ratio is 32.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WTTR will have a dividend payout ratio of 14.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WTTR.

56 employees have rated Select Water Solutions Chief Executive Officer John Schmitz on Glassdoor.com. John Schmitz has an approval rating of 76% among the company's employees. 62.0% of employees surveyed would recommend working at Select Water Solutions to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Select Water Solutions investors own include Verizon Communications (VZ), Energy Transfer (ET), Baidu (BIDU), General Electric (GE), Halliburton (HAL), New Residential Investment (NRZ), U.S. Silica (SLCA), AGNC Investment (AGNC), Alibaba Group (BABA) and Caterpillar (CAT).

(WTTR) raised $175 million in an initial public offering (IPO) on Friday, April 21st 2017. The company issued 10,600,000 shares at $15.00-$18.00 per share. Credit Suisse, FBR, Wells Fargo Securities, BofA Merrill Lynch, Citigroup and J.P. Morgan acted as the underwriters for the IPO and Deutsche Bank Securities, RBC Capital Markets and Simmons & Company International (Energy Specialists of Piper Jaffray Tudor, Pickering, Holt were co-managers.

Select Water Solutions trades on the New York Stock Exchange (NYSE) under the ticker symbol "WTTR."

Select Water Solutions' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.97%), Dimensional Fund Advisors LP (4.21%), Van ECK Associates Corp (2.80%), Boston Partners (2.00%), State Street Corp (1.83%) and EVR Research LP (1.65%). Insiders that own company stock include Brian Szymanski and Michael Skarke.
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Shares of WTTR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WTTR stock can currently be purchased for approximately $8.04.

Select Water Solutions (NYSE:WTTR) has a market capitalization of $964.81 million and generates $1.58 billion in revenue each year. The company earns $48.28 million in net income (profit) each year or $0.61 on an earnings per share basis.

The company employs 4,000 workers across the globe.

Select Water Solutions' mailing address is 1233 W LOOP SOUTH SUITE 1400, HOUSTON TX, 77027. The official website for the company is www.selectenergyservices.com. The company can be reached via phone at (713) 235-9500 or via email at ir@selectenergyservices.com.