Select Water Solutions (WTTR) Projected to Post Quarterly Earnings on Tuesday

Select Water Solutions (NYSE:WTTR - Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.13 per share and revenue of $333.62 million for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Select Water Solutions Price Performance

WTTR traded up $0.68 on Friday, hitting $13.13. 1,584,107 shares of the company's stock were exchanged, compared to its average volume of 847,260. Select Water Solutions has a fifty-two week low of $7.60 and a fifty-two week high of $15.14. The company has a current ratio of 1.78, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $13.38 and a 200-day moving average price of $12.38. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 22.26 and a beta of 1.73.

Select Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $0.28 annualized dividend and a yield of 2.13%. Select Water Solutions's dividend payout ratio (DPR) is presently 47.46%.

Insiders Place Their Bets

In other news, CEO John Schmitz sold 26,550 shares of Select Water Solutions stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $13.16, for a total transaction of $349,398.00. Following the transaction, the chief executive officer now owns 2,898,578 shares in the company, valued at $38,145,286.48. The trade was a 0.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.