A share price of Select Water Solutions Inc [WTTR] is currently trading at $9.45, up 1.61%. An important factor to consider is whether the stock is rising or falling in short-term value. The WTTR shares have gain 3.96% over the last week, with a monthly amount glided 13.58%, and seem to be holding up well over a long-time horizon.
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On 4, March 2024, SELECT WATER SOLUTIONS ANNOUNCES CFO TRANSITION. In a post published today on Yahoo Finance, Select Water Solutions, Inc. (NYSE: WTTR) (“Select” or the “Company”), a leading provider of sustainable water and chemical solutions to the energy industry, today announced the appointment of Chris George as Executive Vice President and Chief Financial Officer, effective immediately. The Company also announced that it expects to enter into a separation agreement with Nick Swyka, formerly Senior Vice President and Chief Financial Officer. In the interim, Mr. Swyka will continue to be employed by Select and provide assistance with respect to the transition of his former duties and responsibilities through his anticipated employment end date on March 29, 2024. Mr. Swyka’s departure is not due to a conflict or disagreement with the Company or the Company’s operations, policies or procedures.
From an analyst’s perspective:
Select Water Solutions Inc [NYSE: WTTR] stock has seen the most recent analyst activity on March 23, 2023, when Raymond James initiated its Strong Buy rating and assigned the stock a price target of $12. Previously, Seaport Global Securities started tracking the stock with Buy rating on July 15, 2021, and set its price target to $8. On October 02, 2020, downgrade downgraded it’s rating to Underweight. Piper Sandler downgraded its rating to a Neutral and decreased its price target to $4 on March 13, 2020. Citigroup downgraded its rating to a Neutral. Wells Fargo downgraded its rating to Market Perform for this stock on June 27, 2019. In a note dated February 28, 2019, B. Riley FBR reiterated an Buy rating on this stock and boosted its target price from $18 to $19.
Select Water Solutions Inc experienced fluctuations in its stock price throughout the past year between $6.78 and $9.41. Select Water Solutions Inc [NYSE: WTTR] shares were valued at $9.45 at the most recent close of the market.
Analyzing the WTTR fundamentals
Trailing Twelve Months sales for Select Water Solutions Inc [NYSE:WTTR] were 1.59B which represents -1.79% decline. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.1 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.32 points at the first support level, and at 9.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.56, and for the 2nd resistance point, it is at 9.68.
Select Water Solutions Inc [WTTR] reported earnings per share of $0.27 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.15/share, meaning a difference of $0.12 and a surprise factor of 80.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.14 per share as compared to estimates of $0.23 per share, a difference of -$0.09 representing a surprise of -39.10%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Select Water Solutions Inc [NYSE:WTTR] is 2.15. On the other hand, the Quick Ratio is 1.96, and the Cash Ratio is 0.27. Considering the valuation of this stock, the price to sales ratio is 0.61, the price to book ratio is 1.25 and price to earnings (TTM) ratio is 13.08.
Transactions by insiders
Recent insider trading involved Szymanski Brian, Chief Accounting Officer, that happened on Mar 06 ’24 when 8080.0 shares were sold. CFO & Senior VP, Swyka Nick L completed a deal on Feb 28 ’24 to sell 9009.0 shares. Meanwhile, SVP IR Corp Dev Sustainability George Christopher Kile sold 23000.0 shares on Feb 27 ’24.
