Select Energy Services - WTTR Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Select Energy Services 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 equities research analysts is that investors should "buy" WTTR shares.
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3 Wall Street research analysts have issued 12-month price targets for Select Energy Services' stock. Their WTTR share price forecasts range from $6.50 to $12.00. On average, they expect the company's stock price to reach $9.83 in the next year. This suggests a possible upside of 55.6% from the stock's current price.
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Select Energy Services' stock was trading at $9.24 at the start of the year. Since then, WTTR shares have decreased by 31.6% and is now trading at $6.32.
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Select Energy Services saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 1,230,000 shares, an increase of 20.6% from the February 13th total of 1,020,000 shares. Based on an average daily volume of 679,600 shares, the short-interest ratio is currently 1.8 days. Currently, 1.6% of the shares of the company are sold short.
View Select Energy Services' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our WTTR earnings forecast.

Select Energy Services, Inc. (NYSE:WTTR) announced its quarterly earnings results on Tuesday, February, 21st. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by $0.16. The firm earned $381.68 million during the quarter, compared to the consensus estimate of $387.89 million. Select Energy Services had a trailing twelve-month return on equity of 5.04% and a net margin of 3.48%.

Select Energy Services declared a quarterly dividend on Friday, January 27th. Investors of record on Tuesday, February 7th will be given a dividend of $0.05 per share on Friday, February 17th. This represents a $0.20 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Monday, February 6th.
Read our dividend analysis for WTTR.

ETFs with the largest weight of Select Energy Services (NYSE:WTTR) stock in their portfolio include SPDR S&P Oil & Gas Equipment & Services ETF (XES), VanEck Oil Services ETF (OIH), Direxion Daily Oil Services Bull 2X Shares (ONG), Invesco S&P Global Water Index ETF (CGW), Global X Clean Water ETF (AQWA) and Ecofin Global Water ESG Fund (EBLU).Fidelity MSCI Energy Index ETF (FENY).

Select Energy Services (NYSE:WTTR) pays an annual dividend of $0.20 per share and currently has a dividend yield of 3.16%. The dividend payout ratio is 40.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WTTR will have a dividend payout ratio of 17.70% 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 Energy Services 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 Energy Services to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Select Energy Services 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 a price of $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 Energy Services trades on the New York Stock Exchange (NYSE) under the ticker symbol "WTTR."

Select Energy Services' stock is owned by a variety of institutional and retail investors. Top institutional investors include SCF Partners Inc. (10.42%), Dimensional Fund Advisors LP (3.19%), Van ECK Associates Corp (2.86%), Cannell Capital LLC (2.84%), Hillman Co. (1.49%) and Millennium Management LLC (1.29%). Insiders that own company stock include Brian Szymanski and Holli C Ladhani.
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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 $6.32.

Select Energy Services (NYSE:WTTR) has a market capitalization of $793.86 million and generates $1.39 billion in revenue each year. The company earns $48.28 million in net income (profit) each year or $0.49 on an earnings per share basis.

The company employs 4,000 workers across the globe.

Select Energy Services' 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.