Select Water Solutions (NYSE:WTTR) Trading Up 3.4% - What's Next?

Shares of Select Water Solutions, Inc. (NYSE:WTTR - Get Free Report) rose 3.4% on Thursday . The company traded as high as $10.29 and last traded at $10.49. Approximately 56,994 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 957,506 shares. The stock had previously closed at $10.14.

Analyst Ratings Changes

Separately, Citigroup boosted 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 report on Friday, January 10th.

Select Water Solutions Price Performance

The company has a 50-day moving average of $12.19 and a 200-day moving average of $12.37. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 35.00 and a beta of 1.77. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.65.

Select Water Solutions (NYSE:WTTR - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.14). The company had revenue of $349.05 million during 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%. As a group, equities research analysts expect that Select Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

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Select Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $0.28 annualized dividend and a dividend yield of 2.67%. Select Water Solutions's dividend payout ratio is currently 93.33%.

Insider Transactions at Select Water Solutions

In related news, CEO John Schmitz sold 73,450 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $13.03, for a total transaction of $957,053.50. Following the sale, the chief executive officer now owns 2,825,128 shares in the company, valued at approximately $36,811,417.84. This trade represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.40% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in WTTR. Tower Research Capital LLC TRC increased its stake in Select Water Solutions by 128.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,711 shares of the company's stock valued at $36,000 after purchasing an additional 1,525 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Select Water Solutions by 24.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company's stock valued at $67,000 after buying an additional 1,007 shares during the period. Northwest & Ethical Investments L.P. acquired a new position in shares of Select Water Solutions during the 3rd quarter valued at about $107,000. Amundi lifted its holdings in shares of Select Water Solutions by 83.8% during the 4th quarter. Amundi now owns 9,010 shares of the company's stock worth $119,000 after acquiring an additional 4,109 shares during the period. Finally, Summit Investment Advisors Inc. increased its position in Select Water Solutions by 13.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 9,545 shares of the company's stock worth $126,000 after purchasing an additional 1,143 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company's stock.

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.