Select Water Solutions (NYSE:WTTR) Price Target Raised to $18.00

Select Water Solutions (NYSE:WTTR) had its price objective hoisted by equities researchers at Citigroup from $14.00 to $18.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 31.77% from the company’s current price.

Select Water Solutions Trading Up 0.8 %

Select Water Solutions stock traded up $0.11 during midday trading on Friday, reaching $13.66. The stock had a trading volume of 362,324 shares, compared to its average volume of 626,924. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 23.15 and a beta of 1.76. Select Water Solutions has a 52-week low of $6.99 and a 52-week high of $15.14. The company has a fifty day moving average of $13.63 and a 200 day moving average of $11.91.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Select Water Solutions had a return on equity of 6.65% and a net margin of 4.05%. The company had revenue of $371.35 million during the quarter, compared to analysts’ expectations of $352.98 million. During the same quarter in the previous year, the business earned $0.14 EPS. Select Water Solutions’s revenue was down 4.6% compared to the same quarter last year. On average, analysts anticipate that Select Water Solutions will post 0.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Select Water Solutions

Institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. purchased a new position in Select Water Solutions during the 3rd quarter valued at about $483,000. Geode Capital Management LLC boosted its stake in shares of Select Water Solutions by 7.9% during the third quarter. Geode Capital Management LLC now owns 2,127,370 shares of the company’s stock valued at $23,683,000 after purchasing an additional 155,091 shares in the last quarter. Foundry Partners LLC increased its holdings in Select Water Solutions by 29.8% during the third quarter. Foundry Partners LLC now owns 622,755 shares of the company’s stock valued at $6,931,000 after buying an additional 142,919 shares during the period. Barclays PLC raised its stake in Select Water Solutions by 319.3% in the third quarter. Barclays PLC now owns 140,648 shares of the company’s stock worth $1,565,000 after buying an additional 107,107 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Select Water Solutions during the second quarter worth $635,000. Hedge funds and other institutional investors 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.