Select Water Solutions (NYSE:WTTR) Releases Earnings Results, Beats Expectations By $0.01 EPS

Select Water Solutions (NYSE:WTTR) issued its earnings results on Tuesday. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01, Briefing.com reports. Select Water Solutions had a return on equity of 6.70% and a net margin of 4.05%. The firm had revenue of $371.35 million for the quarter, compared to analyst estimates of $352.98 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. Select Water Solutions’s revenue for the quarter was down 4.6% on a year-over-year basis.

Select Water Solutions Stock Performance

NYSE WTTR traded down $0.15 during mid-day trading on Friday, reaching $14.11. 154,478 shares of the stock were exchanged, compared to its average volume of 1,031,550. The company has a market capitalization of $1.68 billion, a P/E ratio of 24.16 and a beta of 1.67. 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 business’s 50 day moving average is $11.14 and its 200-day moving average is $10.73. Select Water Solutions has a 1 year low of $6.99 and a 1 year high of $14.48.

Select Water Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be paid a $0.07 dividend. This is a boost from Select Water Solutions’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Tuesday, November 5th. Select Water Solutions’s payout ratio is currently 47.46%.

Analysts Set New Price Targets

WTTR has been the topic of a number of research reports. Northland Securities upgraded shares of Select Water Solutions from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $11.50 to $14.50 in a research note on Thursday, August 22nd. Northland Capmk upgraded Select Water Solutions from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 22nd.

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.