Select Water Solutions (NYSE:WTTR) Issues Earnings Results, Misses Estimates By $0.14 EPS

Select Water Solutions (NYSE:WTTR) announced its earnings results on Tuesday. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates 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 %

Shares of Select Water Solutions stock traded up $0.24 during trading hours on Tuesday, reaching $13.38. 1,691,941 shares of the company’s stock were exchanged, compared to its average volume of 874,992. The company has a 50 day moving average of $13.34 and a two-hundred day moving average of $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 current ratio of 1.78, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.60 billion, a P/E ratio of 22.67 and a beta of 1.73.

Select Water Solutions Announces Dividend

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

Insider Transactions at Select Water Solutions

In related news, CEO John Schmitz sold 26,550 shares of Select Water Solutions stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $13.16, for a total transaction of $349,398.00. Following the completion of the transaction, the chief executive officer now owns 2,898,578 shares in the company, valued at approximately $38,145,286.48. This trade represents a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 8.40% of the company’s stock.

Analyst Ratings Changes

Separately, Citigroup increased their price objective on shares of Select Water Solutions from $14.00 to $18.00 and gave the stock a “buy” rating in a research note 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.