Select Water Solutions (NYSE:WTTR) Reaches New 52-Week Low – Should You Sell?

Select Water Solutions, Inc. (NYSE:WTTR)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $8.50 and last traded at $8.70, with a volume of 388666 shares. The stock had previously closed at $9.53.

Analyst Upgrades and Downgrades

Separately, Citigroup increased their price target on Select Water Solutions from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, January 10th.

Select Water Solutions Trading Down 9.3 %

The stock has a market capitalization of $1.03 billion, a P/E ratio of 28.75 and a beta of 1.51. The stock’s 50 day moving average price is $11.56 and its 200-day moving average price is $12.34. 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) 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 company had revenue of $349.05 million for the quarter, compared to the consensus estimate of $333.62 million. Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%. As a group, equities research analysts expect that Select Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Select Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions’s payout ratio is 93.33%.

Insider Activity

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. Company insiders own 8.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Intech Investment Management LLC purchased a new stake in shares of Select Water Solutions during the third quarter worth about $259,000. The Manufacturers Life Insurance Company increased its stake in Select Water Solutions by 42.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 49,676 shares of the company’s stock valued at $553,000 after purchasing an additional 14,777 shares in the last quarter. FMR LLC raised its holdings in shares of Select Water Solutions by 51.9% in the third quarter. FMR LLC now owns 3,728,787 shares of the company’s stock worth $41,501,000 after buying an additional 1,274,600 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Select Water Solutions by 46.7% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 558,530 shares of the company’s stock worth $6,216,000 after buying an additional 177,900 shares during the period. Finally, Systematic Financial Management LP grew its holdings in shares of Select Water Solutions by 12.3% during the third quarter. Systematic Financial Management LP now owns 1,062,344 shares of the company’s stock valued at $11,824,000 after buying an additional 116,334 shares during the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

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.