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

3 Wall Street research 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 research analysts is that investors should "buy" WTTR shares.
View WTTR analyst ratings or view top-rated stocks.

3 brokerages have issued 12 month target prices for Select Water Solutions' shares. Their WTTR share price forecasts range from $8.00 to $12.00. On average, they expect the company's share price to reach $10.33 in the next year. This suggests a possible upside of 42.2% from the stock's current price.
View analysts price targets for WTTR or view top-rated stocks among Wall Street analysts.

Select Water Solutions' stock was trading at $9.24 at the beginning of 2023. Since then, WTTR stock has decreased by 21.4% and is now trading at $7.2650.
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Select Water Solutions saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,950,000 shares, an increase of 16.1% from the April 15th total of 2,540,000 shares. Based on an average trading volume of 925,000 shares, the days-to-cover ratio is presently 3.2 days.
View Select Water Solutions' Short Interest.

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

Select Water Solutions, Inc. (NYSE:WTTR) released its quarterly earnings data on Tuesday, May, 2nd. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by $0.03. The business earned $416.59 million during the quarter, compared to the consensus estimate of $401.89 million. Select Water Solutions had a net margin of 3.57% and a trailing twelve-month return on equity of 6.57%.

Select Water Solutions declared a quarterly dividend on Tuesday, April 25th. Stockholders of record on Friday, May 5th will be paid a dividend of $0.05 per share on Wednesday, May 17th. This represents a $0.20 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Thursday, May 4th.
Read our dividend analysis for WTTR.

ETFs with the largest weight of Select Water Solutions (NYSE:WTTR) stock in their portfolio include SPDR S&P Oil & Gas Equipment & Services ETF (XES), VanEck Oil Services ETF (OIH), RiverFront Dynamic US Dividend Advantage ETF (RFDA), Direxion Daily Oil Services Bull 2X Shares (ONG), Invesco Raymond James SB-1 Equity ETF (RYJ), Invesco S&P Global Water Index ETF (CGW), Ecofin Global Water ESG Fund (EBLU) and Inspire Small/Mid Cap ETF (ISMD).

Select Water Solutions (NYSE:WTTR) pays an annual dividend of $0.20 per share and currently has a dividend yield of 2.66%. The dividend payout ratio is 37.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WTTR will have a dividend payout ratio of 15.27% 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 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 served 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 investors include SCF Partners Inc. (9.40%), BlackRock Inc. (5.53%), Dimensional Fund Advisors LP (3.45%), Wellington Management Group LLP (3.15%), Van ECK Associates Corp (2.72%) and Cannell Capital LLC (2.50%).
View institutional ownership trends.

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 $7.27.

Select Water Solutions (NYSE:WTTR) has a market capitalization of $884.80 million and generates $1.39 billion in revenue each year. The company earns $48.28 million in net income (profit) each year or $0.54 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.