Select Water Solutions (NYSE:WTTR) Stock Price Down 3.7% - Should You Sell?

Select Water Solutions, Inc. (NYSE:WTTR - Get Free Report) shares traded down 3.7% on Friday . The stock traded as low as $13.98 and last traded at $14.06. 42,065 shares were traded during trading, a decline of 96% from the average session volume of 1,016,500 shares. The stock had previously closed at $14.60.

Analysts Set New Price Targets

Several research firms recently issued reports on WTTR. Northland Securities raised Select Water Solutions from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $11.50 to $14.50 in a research report on Thursday, August 22nd. Northland Capmk raised Select Water Solutions from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 22nd.

Select Water Solutions Stock Performance

The business's fifty day moving average price is $12.52 and its 200-day moving average price is $11.43. The stock has a market cap of $1.69 billion, a PE ratio of 23.97 and a beta of 1.76. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.78.

Select Water Solutions (NYSE:WTTR - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01. The company had revenue of $371.35 million for the quarter, compared to analysts' expectations of $352.98 million. Select Water Solutions had a net margin of 4.05% and a return on equity of 6.65%. The firm's quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the company posted $0.14 earnings per share. As a group, equities research analysts forecast that Select Water Solutions, Inc. 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. Investors of record on Tuesday, November 5th were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.28 annualized dividend and a dividend yield of 1.98%. This is a positive change from Select Water Solutions's previous quarterly dividend of $0.06. Select Water Solutions's payout ratio is presently 47.46%.

Institutional Investors Weigh In On Select Water Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its stake in shares of Select Water Solutions by 57.3% in the 2nd quarter. GAMMA Investing LLC now owns 3,008 shares of the company's stock worth $32,000 after purchasing an additional 1,096 shares in the last quarter. Innealta Capital LLC purchased a new stake in Select Water Solutions in the second quarter worth about $34,000. CWM LLC raised its stake in shares of Select Water Solutions by 55.2% in the second quarter. CWM LLC now owns 4,204 shares of the company's stock worth $45,000 after buying an additional 1,496 shares during the period. New York State Teachers Retirement System lifted its position in shares of Select Water Solutions by 13.8% during the 3rd quarter. New York State Teachers Retirement System now owns 8,327 shares of the company's stock valued at $93,000 after buying an additional 1,010 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. purchased a new position in shares of Select Water Solutions during the 3rd quarter valued at about $107,000. Hedge funds and other institutional investors own 81.73% of the company's stock.

About Select Water Solutions

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.