Northland Capital has recently raised Select Water Solutions Inc (WTTR) stock to Outperform rating, as announced on August 22, 2024, according to Finviz. Earlier, on May 9, 2024, Citigroup had raised the stock from a Neutral to Buy, setting a price target of $13. Northland Capital also initiated Market Perform rating with a price target of $11.50. Additionally, Raymond James initiated Strong Buy rating on March 23, 2023, with a target price of $12. Seaport Global Securities analysts, in their report published on July 15, 2021, also initiated Buy rating and set a price target of $8 for Select Water Solutions Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Sponsored
Select Water Solutions Inc (WTTR) Stock Trading Recap
On Tuesday, Select Water Solutions Inc (WTTR) stock saw a decline, ending the day at $10.85 which represents a decrease of $-0.28 or -2.52% from the prior close of $11.13. The stock opened at $11 and touched a low of $10.79 during the day, reaching a high of $11.27. The volume of shares traded was 1.38 million exceeding the average volume of 0.88 million.
WTTR Stock Performance and Moving Averages
In recent trading, Select Water Solutions Inc (WTTR) stock price has shown some volatility, fluctuating -5.82% over the last five trades and -5.90% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 16.67%, and it has gained 3.73% in the previous three months. Currently, WTTR is trading at -0.96%, -2.05%, and 13.68% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, WTTR, a Energy sector stock, is trading -11.57% below its 52-week high but remains 60.11% above its 52-week low. The Average True Range (ATR) (14 days) of 0.38 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Select Water Solutions Inc’s Profitability and Valuation Ratios
Select Water Solutions Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 4.38% and a profit margin of 3.91%, with a gross margin of 16.67%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Select Water Solutions Inc’s market capitalization stands at $1.12 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 18.94, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 11.03. Additionally, the Price-to-Sales Ratio is 0.75, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.43, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 11.74% of Select Water Solutions Inc (WTTR)’s shares, while financial institutions hold 80.45%.
Notable insider trades include Skarke Michael, EVP, COO at Select Water Solutions Inc (WTTR), who sold 13421 shares on May 13 ’24, at $9.78 each, totaling $0.13 million. On Feb 27 ’24, George Christopher Kile, SVP IR Corp Dev Sustainability, sold 23000 shares for $8.63 each, amounting to $0.20 million.
