Select Water Solutions (NYSE:WTTR) Shares Down 4.8% - Here's Why

Select Water Solutions, Inc. (NYSE:WTTR - Get Free Report)'s share price traded down 4.8% on Monday . The company traded as low as $9.36 and last traded at $9.18. 107,673 shares traded hands during trading, a decline of 90% from the average session volume of 1,050,880 shares. The stock had previously closed at $9.65.

Analyst Upgrades and Downgrades

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

Select Water Solutions Stock Up 0.5 %

The firm's 50-day moving average price is $12.26 and its two-hundred day moving average price is $12.36. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.65. The firm has a market cap of $1.21 billion, a PE ratio of 33.85 and a beta of 1.77.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.14). The firm had revenue of $349.05 million for the quarter, compared to analysts' expectations 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 EPS for the current fiscal year.

Remove Ads

Select Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions's dividend payout ratio is currently 93.33%.

Insider Transactions at Select Water Solutions

In other news, CEO John Schmitz sold 73,450 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $13.03, for a total transaction of $957,053.50. Following the transaction, the chief executive officer now directly owns 2,825,128 shares in the company, valued at $36,811,417.84. This represents a 2.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 8.40% of the company's stock.

Hedge Funds Weigh In On Select Water Solutions

A number of hedge funds have recently made changes to their positions in WTTR. Wealth Enhancement Advisory Services LLC acquired a new stake in Select Water Solutions during the 4th quarter valued at $154,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Select Water Solutions by 5.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 167,503 shares of the company's stock valued at $2,218,000 after acquiring an additional 9,188 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Select Water Solutions by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 25,697 shares of the company's stock worth $340,000 after purchasing an additional 8,454 shares during the period. Millennium Management LLC bought a new position in Select Water Solutions in the fourth quarter worth about $2,277,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Select Water Solutions by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,865 shares of the company's stock valued at $687,000 after purchasing an additional 1,891 shares during the period. Hedge funds and other institutional investors own 81.73% of the company's stock.

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.