Select Water Solutions (NYSE:WTTR) Releases Quarterly Earnings Results

Select Water Solutions (NYSE:WTTR) issued its quarterly earnings data on Tuesday. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.14), Zacks reports. Select Water Solutions had a net margin of 4.05% and a return on equity of 6.65%.

Select Water Solutions Stock Performance

Shares of WTTR stock traded up $0.24 on Tuesday, hitting $13.38. The company’s stock had a trading volume of 1,691,941 shares, compared to its average volume of 874,992. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.78. The stock’s 50 day moving average is $13.34 and its 200-day moving average is $12.41. Select Water Solutions has a fifty-two week low of $7.74 and a fifty-two week high of $15.14. The company has a market capitalization of $1.60 billion, a PE ratio of 22.67 and a beta of 1.73.

Select Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions’s payout ratio is presently 47.46%.

Insider Activity at Select Water Solutions

In related news, CEO John Schmitz sold 26,550 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $13.16, for a total value of $349,398.00. Following the transaction, the chief executive officer now directly owns 2,898,578 shares in the company, valued at approximately $38,145,286.48. This represents a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 8.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Select Water Solutions Company Profile

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.