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

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

Select Water Solutions Stock Up 0.1 %

Shares of NYSE:WTTR traded up $0.02 during trading on Friday, hitting $13.57. The stock had a trading volume of 645,160 shares, compared to its average volume of 675,010. Select Water Solutions has a 12 month low of $6.99 and a 12 month high of $15.14. The company has a market capitalization of $1.62 billion, a PE ratio of 23.00 and a beta of 1.76. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. The firm's fifty day moving average is $13.63 and its 200 day moving average is $11.91.

Select Water Solutions (NYSE:WTTR - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.01. Select Water Solutions had a net margin of 4.05% and a return on equity of 6.65%. The business had revenue of $371.35 million during the quarter, compared to analyst estimates of $352.98 million. During the same period last year, the business earned $0.14 EPS. Select Water Solutions's revenue was down 4.6% compared to the same quarter last year. Analysts anticipate that Select Water Solutions will post 0.4 EPS for the current fiscal year.

Select Water Solutions Increases Dividend

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

Hedge Funds Weigh In On Select Water Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. bought a new stake in Select Water Solutions in the third quarter worth about $483,000. Geode Capital Management LLC increased its stake in Select Water Solutions by 7.9% in the third quarter. Geode Capital Management LLC now owns 2,127,370 shares of the company's stock worth $23,683,000 after purchasing an additional 155,091 shares during the period. Foundry Partners LLC lifted its position in shares of Select Water Solutions by 29.8% during the third quarter. Foundry Partners LLC now owns 622,755 shares of the company's stock worth $6,931,000 after purchasing an additional 142,919 shares during the last quarter. Barclays PLC boosted its stake in shares of Select Water Solutions by 319.3% during the third quarter. Barclays PLC now owns 140,648 shares of the company's stock valued at $1,565,000 after purchasing an additional 107,107 shares during the period. Finally, Acadian Asset Management LLC bought a new position in shares of Select Water Solutions in the second quarter worth about $635,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

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.