WTTR Should I Buy
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Select Water Solutions Inc (WTTR) is not a strong buy at the moment for a beginner investor with a long-term strategy. While the company has positive analyst ratings and a promising transition to a higher-margin water infrastructure business, the technical indicators, options sentiment, and recent price trends do not suggest an immediate entry point. The stock's technicals are weak, and the short-term price trend indicates potential downside. For a long-term investor, it may be better to monitor the stock for a better entry point.
The MACD is negatively expanding (-0.186), indicating bearish momentum. RSI is neutral at 30.687, and moving averages are converging, showing no clear trend. The stock is trading near its support level (S1: 17.557), with resistance at R1: 18.966. The short-term price trend suggests potential downside (-3.89% in the next week, -14.53% in the next month).
Analyst ratings are consistently positive, with multiple firms raising price targets (e.g., Citi to $24, Raymond James to $24). The company is transitioning to a higher-margin water infrastructure business, which is expected to reduce cyclicality and drive long-term growth. Strong Q1 results and raised guidance for Q2 indicate robust operational performance.
Technical indicators are bearish, and the stock is showing short-term downside potential. No significant hedge fund or insider trading trends. No recent news or congress trading data to act as a catalyst. The market price trend is weak, with a -1.88% regular market change and a -0.22% pre-market change.
Financial data for the latest quarter is unavailable, but analysts highlight strong Q1 results with a 6% revenue beat, better-than-expected EBITDA, and strong margins. The company has raised its 2026 Water Infrastructure growth outlook to 25%-30%, supported by new agreements and acquisitions.
Analysts are bullish on WTTR, with multiple Buy ratings and price targets ranging from $21 to $24. Analysts highlight the company's transition to a higher-margin business model and its potential to benefit from increasing water handling demand in the Permian Basin.
