Select Water Solutions Inc. (NYSE: WTTR) stock jumped 0.65% on Tuesday to $7.79 against a previous-day closing price of $7.74. With 0.84 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.96 million shares. During the session, the Specialty Chemicals company that operates in wider Basic Materials sector, reached to the highest price of $7.91 whereas the lowest price it dropped to was $7.68. The 52-week range on WTTR shows that it touched its highest point at $9.84 and its lowest point at $5.51 during that stretch. It currently has a 1-year price target of $11.40. With its current market cap of 959.96 million, WTTR has annualized dividend of $0.20 while the current yield stands at 2.57%. Beta for the stock currently stands at 1.97.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WTTR was up-trending over the past week, with a rise of 5.27%, but this was up by 4.01% over a month. Three-month performance surged to 9.26% while six-month performance fell -10.25%. The stock lost -1.64% in the past year, while it has lost -15.69% so far this year. A look at the trailing 12-month EPS for WTTR yields 0.47 with Next year EPS estimates of 1.32. For the next quarter, that number is 0.21. This implies an EPS growth rate of 205.50% for this year and 29.47% for next year.
Float and Shares Shorts:
At present, 123.11 million WTTR shares are outstanding with a float of 74.67 million shares on hand for trading. On Apr 27, 2023, short shares totaled 2.95 million, which was 2.36% higher than short shares on Mar 30, 2023. In addition to Mr. John D. Schmitz as the firm’s Pres, CEO & Chairman, Mr. Nicholas L. Swyka serves as its CFO & Sr. VP.
Other institutions hold 37.75% of WTTR, in contrast to 37.38% held by mutual funds. Shares owned by individuals account for 18.60%. As the largest shareholder in WTTR with 9.29% of the stake, SCF Partners, Inc. holds 11,787,942 shares worth 11,787,942. A second-largest stockholder of WTTR, BlackRock Fund Advisors, holds 4,889,853 shares, controlling over 3.85% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in WTTR, holding 4,333,273 shares or 3.42% stake. With a 2.51% stake in WTTR, the VanEck Oil Services ETF is the largest stakeholder. A total of 3,177,943 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 1.97% of WTTR stock, is the second-largest Mutual Fund holder. It holds 2,504,296 shares valued at 18.61 million. iShares Russell 2000 ETF holds 1.21% of the stake in WTTR, owning 1,538,444 shares worth 11.43 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, WTTR reported revenue of $335.90M and operating income of $8.44M. The EBITDA in the recently reported quarter was $39.09M and diluted EPS was $0.13.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WTTR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With WTTR analysts setting a high price target of $15.00 and a low target of $8.00, the average target price over the next 12 months is $11.40. Based on these targets, WTTR could surge 92.55% to reach the target high and rise by 2.7% to reach the target low. Reaching the average price target will result in a growth of 46.34% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.