Select Water Solutions (NYSE:WTTR) Announces Earnings Results

Select Water Solutions (NYSE:WTTR) posted its quarterly earnings results on Tuesday. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.14), Zacks reports. Select Water Solutions had a return on equity of 3.49% and a net margin of 2.11%. The business had revenue of $349.05 million for the quarter, compared to analysts’ expectations of $333.62 million.

Select Water Solutions Price Performance

NYSE:WTTR opened at $12.66 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.62. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 42.20 and a beta of 1.73. The company has a 50 day moving average price of $13.30 and a 200-day moving average price of $12.41. Select Water Solutions has a 1-year low of $7.74 and a 1-year high of $15.14.

Select Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions’s dividend payout ratio (DPR) is 93.34%.

Wall Street Analyst Weigh In

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

Insider Activity at Select Water Solutions

In related news, CEO John Schmitz sold 73,450 shares of Select Water Solutions stock in a transaction on Friday, February 14th. The shares were sold at an average price of $13.03, for a total value of $957,053.50. Following the sale, the chief executive officer now owns 2,825,128 shares of the company’s stock, valued at approximately $36,811,417.84. This trade represents a 2.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.40% of the stock is owned by corporate insiders.

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.