Select Water Solutions (NYSE:WTTR) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Select Water Solutions (NYSE:WTTR) released its earnings results on Monday. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02), FiscalAI reports. The firm had revenue of $412.19 million during the quarter, compared to analyst estimates of $397.96 million. Select Water Solutions had a net margin of 2.24% and a return on equity of 3.11%.

Select Water Solutions Stock Performance

Shares of Select Water Solutions stock opened at $16.17 on Monday. The firm has a fifty day moving average of $19.40 and a two-hundred day moving average of $17.46. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 57.76 and a beta of 0.98. Select Water Solutions has a 52 week low of $9.28 and a 52 week high of $22.55. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.40 and a current ratio of 1.58.

Select Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Friday, November 13th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, November 13th. This represents a $0.28 annualized dividend and a dividend yield of 1.7%. Select Water Solutions’s payout ratio is presently 100.00%.

Analyst Upgrades and Downgrades

WTTR has been the topic of several research reports. JPMorgan Chase & Co. assumed coverage on Select Water Solutions in a research note on Friday, August 21st. They set an “overweight” rating and a $24.00 price target on the stock. Wall Street Zen lowered Select Water Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. UBS Group reissued a “buy” rating and set a $28.00 price objective on shares of Select Water Solutions in a report on Wednesday, September 30th. Weiss Ratings restated a “hold (c)” rating on shares of Select Water Solutions in a research report on Friday, October 2nd. Finally, Bank of America raised their target price on shares of Select Water Solutions from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, September 30th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Select Water Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $24.57.

Select Water Solutions Company Profile

Select Water Solutions, Inc provides water-management and chemical services to oil and natural gas exploration and production companies. Its services support drilling, completions and ongoing production, with a focus on managing water used in and generated by energy operations.

The company’s offerings include water sourcing, transfer, treatment, recycling and disposal, as well as water infrastructure such as pipelines and related facilities. It also supplies specialty chemicals and technical services designed for oilfield operations.

Formerly known as Select Energy Services, the company serves customers in major U.S.