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

Select Water Solutions (NYSE:WTTR) released its quarterly earnings data 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 3.49% and a net margin of 2.11%. The business had revenue of $349.05 million during the quarter, compared to analysts’ expectations of $333.62 million.

Select Water Solutions Stock Performance

WTTR stock opened at $12.66 on Thursday. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 42.20 and a beta of 1.73. The firm has a 50-day simple moving average of $13.30 and a two-hundred day simple moving average of $12.41. Select Water Solutions has a one year low of $7.74 and a one year high of $15.14. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions’s payout ratio is 93.34%.

Wall Street Analysts Forecast Growth

Separately, Citigroup upped 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.

Insider Activity at Select Water Solutions

In related news, CEO John Schmitz sold 73,450 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $13.03, for a total value of $957,053.50. Following the completion of the transaction, the chief executive officer now directly owns 2,825,128 shares of the company’s stock, valued at $36,811,417.84. This trade represents a 2.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.40% of the stock is currently owned by insiders.

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.