Select Water Solutions (NYSE:WTTR) Reaches New 12-Month Low - What's Next?

Select Water Solutions, Inc. (NYSE:WTTR - Get Free Report)'s stock price reached a new 52-week low during trading on Friday . The company traded as low as $8.50 and last traded at $8.70, with a volume of 388666 shares changing hands. The stock had previously closed at $9.53.

Analysts Set New Price Targets

Separately, Citigroup upped their price objective on 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 7.3 %

The business has a 50-day moving average of $10.98 and a 200 day moving average of $12.22. The company has a market capitalization of $1.02 billion, a PE ratio of 28.37 and a beta of 1.51. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.62.

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

Select Water Solutions Announces Dividend

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. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions's dividend payout ratio is currently 93.33%.

Insiders Place Their Bets

In other news, CEO John Schmitz sold 73,450 shares of the firm's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $13.03, for a total value of $957,053.50. Following the completion of the sale, the chief executive officer now owns 2,825,128 shares of the company's stock, valued at $36,811,417.84. This trade represents a 2.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Select Water Solutions

Institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its holdings in shares of Select Water Solutions by 128.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,711 shares of the company's stock valued at $36,000 after buying an additional 1,525 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Select Water Solutions by 24.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company's stock valued at $67,000 after purchasing an additional 1,007 shares in the last quarter. Amundi grew its stake in Select Water Solutions by 83.8% during the 4th quarter. Amundi now owns 9,010 shares of the company's stock valued at $119,000 after acquiring an additional 4,109 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Select Water Solutions by 13.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 9,545 shares of the company's stock valued at $126,000 after purchasing an additional 1,143 shares during the last quarter. Finally, Atria Investments Inc purchased a new position in shares of Select Water Solutions during the 4th quarter worth $134,000. 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.