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

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

Select Water Solutions Price Performance

Shares of NYSE:WTTR traded up $0.24 during trading on Tuesday, reaching $13.38. The stock had a trading volume of 1,691,941 shares, compared to its average volume of 874,992. Select Water Solutions has a 1-year low of $7.74 and a 1-year high of $15.14. The stock has a market cap of $1.60 billion, a PE ratio of 22.67 and a beta of 1.73. The business has a fifty day moving average price of $13.34 and a 200-day moving average price 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.

Select Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were issued 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 payout ratio is currently 47.46%.

Analyst Ratings Changes

Separately, Citigroup raised their target price on Select Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, January 10th.

Insider Activity

In related news, CEO John Schmitz sold 26,550 shares of Select Water Solutions stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $13.16, for a total value of $349,398.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.40% of the company’s stock.

About Select Water Solutions

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.