Select Water Solutions (NYSE:WTTR) Sets New 12-Month Low - Time to Sell?

Select Water Solutions, Inc. (NYSE:WTTR - Get Free Report) hit a new 52-week low during trading on Thursday . The stock traded as low as $7.58 and last traded at $8.51, with a volume of 3464708 shares trading hands. The stock had previously closed at $7.93.

Analysts Set New Price Targets

Separately, Citigroup increased their price objective on shares of Select Water Solutions from $14.00 to $18.00 and gave the stock a "buy" rating in a research note on Friday, January 10th.

Select Water Solutions Stock Up 0.2 %

The stock has a market cap of $972.20 million, a PE ratio of 27.17 and a beta of 1.51. The business has a 50 day moving average price of $10.67 and a 200 day moving average price of $12.16. The company has a quick ratio of 1.62, a current ratio of 1.65 and a debt-to-equity ratio of 0.09.

Select Water Solutions (NYSE:WTTR - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.14). Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%. The company had revenue of $349.05 million during the quarter, compared to analysts' expectations of $333.62 million. Equities research analysts expect that Select Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Select Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.44%. Select Water Solutions's dividend payout ratio is currently 93.33%.

Insider Buying and Selling at Select Water Solutions

In other news, CEO John Schmitz sold 73,450 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $13.03, for a total transaction of $957,053.50. Following the transaction, the chief executive officer now directly owns 2,825,128 shares in the company, valued at $36,811,417.84. The trade was a 2.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 8.40% of the company's stock.

Hedge Funds Weigh In On Select Water Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP boosted its position in shares of Select Water Solutions by 21.9% during the 4th quarter. First Trust Advisors LP now owns 6,828,596 shares of the company's stock valued at $90,411,000 after acquiring an additional 1,226,061 shares during the last quarter. American Century Companies Inc. boosted its holdings in Select Water Solutions by 12.6% in the 4th quarter. American Century Companies Inc. now owns 3,174,675 shares of the company's stock valued at $42,033,000 after purchasing an additional 355,271 shares during the last quarter. Webs Creek Capital Management LP grew its stake in shares of Select Water Solutions by 5.4% in the 4th quarter. Webs Creek Capital Management LP now owns 2,354,742 shares of the company's stock valued at $31,177,000 after buying an additional 120,966 shares during the period. Geode Capital Management LLC increased its holdings in shares of Select Water Solutions by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,127,370 shares of the company's stock worth $23,683,000 after buying an additional 155,091 shares during the last quarter. Finally, Boston Partners raised its position in shares of Select Water Solutions by 4.3% during the 4th quarter. Boston Partners now owns 2,000,352 shares of the company's stock valued at $26,647,000 after buying an additional 81,746 shares during the period. Institutional investors and hedge funds 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.