Select Water Solutions (NYSE:WTTR) Price Target Raised to $18.00

Select Water Solutions (NYSE:WTTR) had its price objective boosted by Citigroup from $14.00 to $18.00 in a research report released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Select Water Solutions Trading Up 0.1 %

WTTR opened at $13.57 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. Select Water Solutions has a 52 week low of $6.99 and a 52 week high of $15.14. The stock has a market cap of $1.62 billion, a PE ratio of 23.00 and a beta of 1.76. The business has a 50 day moving average of $13.70 and a 200-day moving average of $11.95.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. The business had revenue of $371.35 million during the quarter, compared to analyst estimates of $352.98 million. Select Water Solutions had a return on equity of 6.65% and a net margin of 4.05%. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 earnings per share. Equities research analysts predict that Select Water Solutions will post 0.4 earnings per share for the current fiscal year.

Select Water Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend was Tuesday, November 5th. This is a positive change from Select Water Solutions’s previous quarterly dividend of $0.06. Select Water Solutions’s dividend payout ratio (DPR) is 47.46%.

Hedge Funds Weigh In On Select Water Solutions

Several large investors have recently modified their holdings of the stock. Kings Path Partners LLC bought a new position in Select Water Solutions in the 4th quarter valued at approximately $466,000. JPMorgan Chase & Co. lifted its holdings in shares of Select Water Solutions by 32.4% during the third quarter. JPMorgan Chase & Co. now owns 1,345,964 shares of the company’s stock valued at $14,981,000 after purchasing an additional 329,353 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Select Water Solutions during the third quarter valued at $483,000. SkyView Investment Advisors LLC increased its holdings in Select Water Solutions by 1.8% in the 3rd quarter. SkyView Investment Advisors LLC now owns 61,105 shares of the company’s stock worth $680,000 after buying an additional 1,073 shares in the last quarter. Finally, Barclays PLC raised its position in Select Water Solutions by 319.3% in the 3rd quarter. Barclays PLC now owns 140,648 shares of the company’s stock worth $1,565,000 after buying an additional 107,107 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Select Water Solutions Company Profile

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various surface rental equipment and workforce accommodation services.