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

Select Water Solutions (NYSE:WTTR - Get Free Report) released its quarterly earnings results on Tuesday. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.14), Zacks reports. The firm had revenue of $349.05 million for the quarter, compared to analyst estimates of $333.62 million. Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%.

Select Water Solutions Stock Performance

NYSE:WTTR traded down $0.08 during midday trading on Friday, reaching $12.37. The stock had a trading volume of 1,156,898 shares, compared to its average volume of 981,230. The company has a quick ratio of 1.62, a current ratio of 1.65 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.48 billion, a P/E ratio of 41.22 and a beta of 1.73. The firm has a fifty day simple moving average of $13.24 and a two-hundred day simple moving average of $12.42. Select Water Solutions has a 12-month low of $8.12 and a 12-month high of $15.14.

Select Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions's dividend payout ratio (DPR) is presently 93.34%.

Analyst Upgrades and Downgrades

Separately, Citigroup lifted their target price on shares of Select Water Solutions from $14.00 to $18.00 and gave the company a "buy" rating in a report on Friday, January 10th.

Insiders Place Their Bets

In other Select Water Solutions news, CEO John Schmitz sold 73,450 shares of Select Water Solutions stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $13.03, for a total value of $957,053.50. Following the sale, the chief executive officer now owns 2,825,128 shares of the company's stock, valued at approximately $36,811,417.84. The trade was a 2.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.40% of the stock is 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.