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

Select Water Solutions (NYSE:WTTR) posted 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 return on equity of 6.65% and a net margin of 4.05%.

Select Water Solutions Stock Up 1.8 %

Select Water Solutions stock opened at $13.38 on Wednesday. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 22.67 and a beta of 1.73. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.62. Select Water Solutions has a fifty-two week low of $7.74 and a fifty-two week high of $15.14. The firm has a fifty day moving average price of $13.34 and a two-hundred day moving average price of $12.41.

Select Water Solutions Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, Citigroup lifted 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 note on Friday, January 10th.

Insider Transactions 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 sale, the chief executive officer now owns 2,898,578 shares of the company’s stock, valued at $38,145,286.48. The trade was a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 8.10% of the company’s stock.

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.