Select Water Solutions, Inc. (WTTR) To Go Ex-Dividend on February 4th

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 dividend yield of 2.01%. The ex-dividend date of this dividend is Tuesday, February 4th.

Select Water Solutions has a payout ratio of 26.9% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 0.6 %

Shares of Select Water Solutions stock opened at $13.91 on Friday. The company has a 50 day simple moving average of $13.86 and a two-hundred day simple moving average of $12.18. 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 $1.66 billion, a PE ratio of 23.58 and a beta of 1.76. Select Water Solutions has a 1 year low of $7.34 and a 1 year high of $15.14.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $352.98 million. During the same quarter last year, the business posted $0.14 earnings per share. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. Analysts expect that Select Water Solutions will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Citigroup increased their target price on Select Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a 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.