Select Water Solutions (NYSE:WTTR) Announces Earnings Results

Select Water Solutions (NYSE:WTTR) issued its quarterly earnings data on Tuesday. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01, Briefing.com reports. The company had revenue of $371.35 million for the quarter, compared to analyst estimates of $352.98 million. Select Water Solutions had a return on equity of 6.56% and a net margin of 3.91%. Select Water Solutions’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period last year, the company earned $0.14 earnings per share.

Select Water Solutions Price Performance

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

Select Water Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.52%. This is a positive change 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 41.38%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WTTR. Northland Capmk raised shares of Select Water Solutions from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 22nd. Northland Securities raised shares of Select Water Solutions from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $11.50 to $14.50 in a research note on Thursday, August 22nd.

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.