Select Water Solutions (NYSE:WTTR) Issues Quarterly Earnings Results

by · The Cerbat Gem

Select Water Solutions (NYSE:WTTR – Get Free Report) posted its earnings results on Tuesday. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01, Briefing.com reports. Select Water Solutions had a net margin of 3.91% and a return on equity of 6.56%. The company had revenue of $371.35 million during the quarter, compared to analysts’ expectations of $352.98 million. During the same quarter last year, the company posted $0.14 EPS. Select Water Solutions’s quarterly revenue was down 4.6% compared to the same quarter last year.

Select Water Solutions Stock Performance

Shares of WTTR stock traded up $0.63 during trading hours on Tuesday, reaching $11.13. 1,154,080 shares of the company traded hands, compared to its average volume of 1,019,194. The firm has a 50-day moving average price of $11.04 and a 200 day moving average price of $10.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.81 and a quick ratio of 1.63. The company has a market cap of $1.32 billion, a P/E ratio of 19.19 and a beta of 1.67. Select Water Solutions has a 12-month low of $6.99 and a 12-month high of $12.27.

Select Water Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.52%. This is an increase from Select Water Solutions’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, November 5th. Select Water Solutions’s dividend payout ratio (DPR) is presently 41.38%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on WTTR shares. Northland Securities upgraded shares of Select Water Solutions from a “market perform” rating to an “outperform” rating and upped their price target for the company from $11.50 to $14.50 in a research report on Thursday, August 22nd. Northland Capmk upgraded shares of Select Water Solutions from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 22nd.

Check Out Our Latest Report on Select Water Solutions

Select Water Solutions Company Profile

(Get Free Report)

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.

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