Select Water Solutions, Inc. (NYSE:WTTR) Announces Quarterly Dividend of $0.07

Select Water Solutions, Inc. (NYSE:WTTR) declared a quarterly dividend on Thursday, January 23rd,RTT News reports. Investors of record on Tuesday, February 4th will be given a dividend of 0.07 per share on Friday, February 14th. This represents a $0.28 annualized dividend and a yield of 2.02%.

Select Water Solutions has a payout ratio of 26.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Select Water Solutions to earn $0.91 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 30.8%.

Select Water Solutions Price Performance

NYSE WTTR traded up $0.14 during trading on Thursday, reaching $13.85. 764,230 shares of the company traded hands, compared to its average volume of 763,766. Select Water Solutions has a 1-year low of $7.25 and a 1-year high of $15.14. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 23.47 and a beta of 1.76. The stock’s 50 day moving average price is $13.84 and its two-hundred day moving average price is $12.14. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.78.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. Select Water Solutions had a return on equity of 6.65% and a net margin of 4.05%. The business had revenue of $371.35 million for the quarter, compared to analyst estimates of $352.98 million. During the same quarter in the previous year, the firm earned $0.14 EPS. Select Water Solutions’s quarterly revenue was down 4.6% on a year-over-year basis. As a group, analysts anticipate that Select Water Solutions will post 0.39 EPS for the current year.

Analysts Set New Price Targets

Separately, Citigroup increased their target price on shares of Select Water Solutions from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, January 10th.

About Select Water Solutions

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various surface rental equipment and workforce accommodation services.