On May 13, 2024, Michael Skarke, Executive Vice President and Chief Operating Officer of Select Water Solutions Inc (WTTR, Financial), sold 13,421 shares of the company. The transaction was documented in a recent SEC Filing. This sale is part of a broader pattern where the insider has sold a total of 28,754 shares over the past year, without purchasing any shares.
Select Water Solutions Inc specializes in water management and chemical solutions for the oil and gas industry, aiming to enhance production and operational efficiencies while focusing on environmental sustainability.
The shares were sold at a price of $9.78 each, valuing the transaction at approximately $131,399.58. Following this sale, the market cap of Select Water Solutions Inc stands at $1.01 billion.
The company's current price-earnings ratio is 15.17, which is below the industry median of 24.36 and also lower than the company’s historical median. This valuation suggests a potentially undervalued scenario relative to its peers.
According to the GF Value, the stock is considered Fairly Valued with a price-to-GF-Value ratio of 1.02. The GF Value is a proprietary measure used to determine the fair value of a stock based on historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
The insider transaction history for Select Water Solutions Inc shows a trend of more insider selling than buying over the past year, with 7 insider sells and 0 insider buys.
This recent insider activity could be of interest to current and potential investors, as insider transactions can provide insights into how the company's executives view the stock's current valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
