Select Water Solutions (NYSE:WTTR) Now Covered by Northland Securities

Northland Securities started coverage on shares of Select Water Solutions (NYSE:WTTR) in a report published on Monday, Marketbeat.com reports. The firm issued a market perform rating and a $11.50 price target on the stock.

Select Water Solutions Stock Down 0.4 %

Shares of WTTR opened at $9.36 on Monday. The firm has a market cap of $1.11 billion, a PE ratio of 12.82 and a beta of 1.66. The company’s fifty day moving average is $8.87 and its two-hundred day moving average is $7.94. Select Water Solutions has a fifty-two week low of $6.78 and a fifty-two week high of $9.74.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.11. The company had revenue of $374.90 million for the quarter, compared to analyst estimates of $378.12 million. Select Water Solutions had a net margin of 4.69% and a return on equity of 8.46%. Select Water Solutions’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the business earned $0.07 EPS. As a group, equities research analysts anticipate that Select Water Solutions will post 0.73 earnings per share for the current year.

Select Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Wednesday, February 7th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.24 annualized dividend and a dividend yield of 2.57%. Select Water Solutions’s payout ratio is 32.88%.

Insider Activity at Select Water Solutions

In related news, SVP Christopher Kile George sold 23,000 shares of Select Water Solutions stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $8.63, for a total transaction of $198,490.00. Following the transaction, the senior vice president now owns 255,587 shares in the company, valued at approximately $2,205,715.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Brian Szymanski sold 6,422 shares of Select Water Solutions stock in a transaction on Monday, February 26th. The shares were sold at an average price of $8.60, for a total transaction of $55,229.20. Following the transaction, the chief accounting officer now owns 95,936 shares in the company, valued at approximately $825,049.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Christopher Kile George sold 23,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $8.63, for a total transaction of $198,490.00. Following the completion of the transaction, the senior vice president now owns 255,587 shares in the company, valued at approximately $2,205,715.81. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,511 shares of company stock worth $398,053. 8.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Select Water Solutions

Institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in Select Water Solutions in the 3rd quarter worth $28,000. New York State Teachers Retirement System acquired a new position in Select Water Solutions in the 4th quarter worth $54,000. Principal Financial Group Inc. acquired a new position in Select Water Solutions in the 3rd quarter worth $95,000. Mackenzie Financial Corp acquired a new position in Select Water Solutions in the 3rd quarter worth $100,000. Finally, Clough Capital Partners L P acquired a new position in Select Water Solutions in the 3rd quarter worth $112,000. Institutional investors and hedge funds own 81.73% 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.