Select Energy Services, Inc. (WTTR) AI Stock Analysis

Select Energy Services, Inc. provides comprehensive oilfield services to the onshore oil and gas industry across the United States. Its operations span three segments: Water Services, Water Infrastructure, and Oilfield Chemicals. The Water Services segment delivers water transfer, testing, containment, monitoring, rental equipment, and workforce accommodation. The Water Infrastructure segment develops and manages semi-permanent and permanent pipeline networks supporting well logistics across diverse terrains. The Oilfield Chemicals segment manufactures and distributes chemical solutions and water treatment products used in hydraulic fracturing, stimulation, cementing, and production, while also offering production enhancement and lab analysis services.

Between FY2021 and FY2023, annual revenue expanded from $764.6M to $1.59B, before declining to $1.45B in FY2024 and $1.41B in FY2025. Net income peaked at $74.4M in FY2023, easing to $30.6M in FY2024 and $21.2M in FY2025, alongside an operating margin of 2.5% in FY2025. Over the 5-year period from FY2020 to FY2025, revenue grew at an 18.4% CAGR. For the trailing twelve months, revenue totaled $1.43B with diluted EPS of $0.28. In the latest quarter ended June 30, 2026, revenue increased 8.7% year-over-year, and earnings grew 62.0%.

As of June 30, 2026, Select Energy Services held $33.4M in cash and short-term investments against total debt of $291.3M, yielding net debt of $257.9M. The current ratio stood at 1.58, and the debt-to-equity ratio was 0.28 on shareholders' equity of $1.05B. In FY2025, operating cash flow reached $214.7M. Capital expenditures of $294.6M resulted in free cash flow of -$79.9M. Cash deployment during FY2025 also included $33.7M in dividends paid and $7.3M used for share buybacks.

At $18.58 per share, Select Energy Services carries a market capitalization of $2.65B and an enterprise value of $2.75B. The stock trades at a trailing P/E of 66.4x, forward P/E of 23.5x, and EV/EBITDA of 10.8x, compared to medians of 15.0x, 12.7x, and 8.0x, respectively, for its US-listed Energy peers. Its price-to-sales ratio is 1.9x versus the peer median of 1.8x. Over the past year, the stock returned 75.3%, outperforming the S&P 500 (SPY) return of 16.8%, and gained 215.5% over five years compared to 83.0% for the index.

Select Energy Services pays a quarterly dividend with an annualized forward payout of $0.28 per share, representing a 1.51% dividend yield. The payout ratio stands at 69.7%, and the company has paid dividends for 5 consecutive years. Its last ex-dividend date occurred on August 7, 2026.

Wall Street coverage includes 4 Strong Buy and 3 Buy ratings, with zero Hold, Sell, or Strong Sell recommendations. The mean price target of $25.00 represents a 34.6% upside from the last closing price of $18.58. For the fiscal year ending December 31, 2026, analysts estimate EPS of $0.51 on revenue of $1.53B. The company has beaten EPS expectations in 3 of the last 4 quarters, and its next earnings date is November 3, 2026.

This page is an AI-written research summary of Select Energy Services, Inc. (WTTR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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