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

Select Water Solutions (NYSE:WTTR) released its earnings results on Tuesday. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Trading Up 1.8 %

Shares of WTTR opened at $13.38 on Wednesday. The stock has a fifty day moving average of $13.34 and a two-hundred day moving average of $12.41. 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 company has a market capitalization of $1.60 billion, a PE ratio of 22.67 and a beta of 1.73. Select Water Solutions has a fifty-two week low of $7.74 and a fifty-two week high of $15.14.

Select Water Solutions Dividend Announcement

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

Insider Transactions at Select Water Solutions

In related news, CEO John Schmitz sold 26,550 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $13.16, for a total transaction of $349,398.00. Following the sale, the chief executive officer now owns 2,898,578 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.10% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Citigroup lifted their target price on Select Water Solutions from $14.00 to $18.00 and gave the stock 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.