Fintel reports that on May 9, 2024, Citigroup upgraded their outlook for Select Water Solutions (NYSE:WTTR) from Neutral to Buy.
Analyst Price Forecast Suggests 23.79% Upside
As of May 8, 2024, the average one-year price target for Select Water Solutions is 11.48. The forecasts range from a low of 9.09 to a high of $13.65. The average price target represents an increase of 23.79% from its latest reported closing price of 9.27.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Select Water Solutions is 1,905MM, an increase of 24.08%. The projected annual non-GAAP EPS is 1.15.
What is the Fund Sentiment?
There are 416 funds or institutions reporting positions in Select Water Solutions. This is an increase of 21 owner(s) or 5.32% in the last quarter. Average portfolio weight of all funds dedicated to WTTR is 0.21%, an increase of 29.23%. Total shares owned by institutions increased in the last three months by 1.84% to 85,413K shares. 
The put/call ratio of WTTR is 0.05, indicating a bullish outlook.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 4,699K shares representing 4.58% ownership of the company. In its prior filing, the firm reported owning 4,553K shares , representing an increase of 3.10%. The firm decreased its portfolio allocation in WTTR by 86.80% over the last quarter.
Crestview Partners II GP holds 3,899K shares representing 3.80% ownership of the company. No change in the last quarter.
OIH – VanEck Vectors Oil Services ETF holds 2,527K shares representing 2.46% ownership of the company. In its prior filing, the firm reported owning 2,513K shares , representing an increase of 0.55%. The firm increased its portfolio allocation in WTTR by 10.62% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 2,504K shares representing 2.44% ownership of the company. No change in the last quarter.
Van Eck Associates holds 2,469K shares representing 2.40% ownership of the company. In its prior filing, the firm reported owning 2,481K shares , representing a decrease of 0.51%. The firm decreased its portfolio allocation in WTTR by 8.67% over the last quarter.
Select Energy Services Background Information
(This description is provided by the company.)
Select Energy Services, Inc. (‘Select’) is a leading provider of total water management and chemical solutions to the unconventional oil and gas industry in the United States. Select provides for the sourcing and transfer of water, both by permanent pipeline and temporary hose, prior to its use in the drilling and completion activities associated with hydraulic fracturing, as well as complementary water-related services that support oil and gas well completion and production activities, including containment, monitoring, treatment and recycling, flowback, hauling, gathering and disposal. Select, under its Rockwater Energy Solutions brand, develops and manufactures a full suite of specialty chemicals used in the well completion process and production chemicals used to enhance performance over the producing life of a well. Select currently provides services to exploration and production companies and oilfield service companies operating in all the major shale and producing basins in the United States.
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This story originally appeared on Fintel.
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