Select Water Solutions (NYSE:WTTR) Issues Earnings Results

by · The Cerbat Gem

Select Water Solutions (NYSE:WTTR – Get Free Report) posted its earnings results on Tuesday. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02), Zacks reports. Select Water Solutions had a return on equity of 3.69% and a net margin of 2.26%.

Select Water Solutions Price Performance

NYSE WTTR traded down $0.20 during trading on Tuesday, hitting $11.70. 1,261,330 shares of the company’s stock were exchanged, compared to its average volume of 1,228,947. The company has a current ratio of 2.01, a quick ratio of 1.82 and a debt-to-equity ratio of 0.29. The company has a market cap of $1.42 billion, a PE ratio of 37.73 and a beta of 1.18. Select Water Solutions has a fifty-two week low of $7.20 and a fifty-two week high of $15.14. The stock’s 50 day moving average price is $10.15 and its two-hundred day moving average price is $9.26.

Select Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, November 7th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.28 annualized dividend and a yield of 2.4%. Select Water Solutions’s payout ratio is presently 90.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on WTTR shares. Piper Sandler started coverage on Select Water Solutions in a report on Tuesday, July 15th. They set an “overweight” rating and a $15.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Select Water Solutions in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $15.00.

Get Our Latest Research Report on Select Water Solutions

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. grew its holdings in shares of Select Water Solutions by 59.9% during the second quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock worth $42,000 after purchasing an additional 1,830 shares during the last quarter. Orion Porfolio Solutions LLC bought a new stake in Select Water Solutions in the second quarter valued at approximately $623,000. Advisory Services Network LLC boosted its holdings in Select Water Solutions by 7.0% in the second quarter. Advisory Services Network LLC now owns 212,630 shares of the company’s stock valued at $1,837,000 after acquiring an additional 13,984 shares during the last quarter. Caxton Associates LLP bought a new stake in Select Water Solutions in the second quarter valued at approximately $143,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Select Water Solutions by 190.5% in the second quarter. Tower Research Capital LLC TRC now owns 8,916 shares of the company’s stock valued at $77,000 after acquiring an additional 5,847 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Select Water Solutions Company Profile

(Get Free Report)

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.

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