Select Water Solutions (NYSE:WTTR) Now Covered by Northland Securities

Equities researchers at Northland Securities assumed coverage on shares of Select Water Solutions (NYSE:WTTR) in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The firm set a “market perform” rating and a $11.50 price target on the stock. Northland Securities’ target price would suggest a potential upside of 22.54% from the company’s previous close.

Select Water Solutions Trading Up 1.2 %

Shares of NYSE:WTTR opened at $9.39 on Monday. The business has a 50-day moving average price of $8.83 and a 200 day moving average price of $7.92. Select Water Solutions has a 12-month low of $6.78 and a 12-month high of $9.74. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 12.86 and a beta of 1.66.

Select Water Solutions (NYSE:WTTR) last announced its earnings results on Tuesday, February 20th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.11. Select Water Solutions had a return on equity of 8.46% and a net margin of 4.69%. The company had revenue of $374.90 million during the quarter, compared to analysts’ expectations of $378.12 million. During the same period last year, the business posted $0.07 EPS. Select Water Solutions’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, equities research analysts predict that Select Water Solutions will post 0.73 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Brian Szymanski sold 6,422 shares of Select Water Solutions stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $8.60, for a total value of $55,229.20. Following the completion of the transaction, the chief accounting officer now owns 95,936 shares in the company, valued at approximately $825,049.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Christopher Kile George sold 23,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $8.63, for a total transaction of $198,490.00. Following the completion of the sale, the senior vice president now owns 255,587 shares in the company, valued at $2,205,715.81. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Brian Szymanski sold 6,422 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $8.60, for a total value of $55,229.20. Following the sale, the chief accounting officer now owns 95,936 shares of the company’s stock, valued at approximately $825,049.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,511 shares of company stock worth $398,053. 8.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. SkyView Investment Advisors LLC increased its position in Select Water Solutions by 3.1% during the third quarter. SkyView Investment Advisors LLC now owns 52,364 shares of the company’s stock worth $416,000 after buying an additional 1,591 shares during the period. Mackenzie Financial Corp increased its position in Select Water Solutions by 15.2% during the fourth quarter. Mackenzie Financial Corp now owns 14,931 shares of the company’s stock worth $113,000 after buying an additional 1,973 shares during the period. EagleClaw Capital Managment LLC increased its holdings in shares of Select Water Solutions by 7.3% in the third quarter. EagleClaw Capital Managment LLC now owns 39,700 shares of the company’s stock valued at $316,000 after purchasing an additional 2,700 shares during the period. Natixis Advisors L.P. increased its holdings in shares of Select Water Solutions by 10.6% in the fourth quarter. Natixis Advisors L.P. now owns 29,229 shares of the company’s stock valued at $221,000 after purchasing an additional 2,800 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Select Water Solutions in the third quarter valued at approximately $28,000. Institutional investors and hedge funds 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.