Select Energy Services Inc (WTTR)

Select Water Solutions Inc. announced an amendment to a water management agreement with an investment-grade public operator, extending the contract to 12 years and adding 256,000 newly dedicated acres in the Northern Delaware Basin. This expansion increases the total covered acreage to approximately 875,000 and involves the construction of about 100 miles of pipelines and additional recycling capacity. The project, costing between $100 million and $120 million, is expected to be operational by late 2027, with the company's 2026 capital expenditure guidance remaining unchanged.

Select Water Solutions, Inc. (NYSE:WTTR) has received an average "Moderate Buy" rating from seven brokerages, with an average 12-month price target of $22.80. The company recently exceeded quarterly earnings expectations, reporting $0.17 EPS against a $0.13 consensus and revenue of $395.81 million, an 8.7% increase year-over-year. Institutional investors own a significant portion (81.73%) of the stock, and the company also declared a quarterly dividend of $0.07 per share.

Crestview-affiliated entities have filed an updated ownership report for Select Water Solutions (WTTR), disclosing a 6.3% beneficial stake. As of August 13, 2026, Crestview Partners II GP, L.P. is deemed to beneficially own 8,774,073 Class A shares on an as-converted basis, which includes both directly held Class A shares and Common Units redeemable into Class A shares. The report provides detailed breakdowns of ownership across various Crestview entities and clarifies the mechanics of beneficial ownership and share conversions.

Wedge Capital Management L L P NC has reduced its stake in Select Water Solutions, Inc. (NYSE:WTTR) by 18.7%, selling 49,657 shares and retaining 216,560 shares valued at approximately $4.33 million. Despite this sale, Select Water Solutions reported strong quarterly earnings, exceeding expectations with $0.17 EPS and $395.81 million in revenue, an 8.7% year-over-year increase. The company also declared a quarterly dividend of $0.07 per share, and analysts maintain a "Moderate Buy" consensus rating with an average price target of $22.80.

Select Water Solutions Inc. (NASDAQ: WTTR) is showing neutral near-term sentiment amidst mid and long-term strength, with an exceptional 35.5:1 risk-reward setup targeting a 10.7% gain against 0.3% risk. AI models suggest specific trading strategies including position trading, momentum breakout, and risk hedging, alongside multi-timeframe signal analysis. The stock is exhibiting a mid-channel oscillation pattern, with positive sentiment currently prevailing.