Select Water Solutions (NYSE:WTTR) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Select Water Solutions (NYSE:WTTR) announced its earnings results on Monday. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02), FiscalAI reports. The business had revenue of $412.19 million during the quarter, compared to analyst estimates of $397.96 million. Select Water Solutions had a return on equity of 3.11% and a net margin of 2.24%.

Select Water Solutions Price Performance

Shares of WTTR stock opened at $16.17 on Monday. Select Water Solutions has a 1 year low of $9.28 and a 1 year high of $22.55. The company has a current ratio of 1.58, a quick ratio of 1.40 and a debt-to-equity ratio of 0.17. The firm’s 50 day moving average is $19.40 and its 200-day moving average is $17.46. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 57.76 and a beta of 0.98.

Select Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Friday, November 13th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, November 13th. Select Water Solutions’s dividend payout ratio is presently 100.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on WTTR shares. TD Cowen cut Select Water Solutions to a “neutral” rating in a report on Friday, August 21st. Bank of America boosted their price objective on Select Water Solutions from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. UBS Group reissued a “buy” rating and issued a $28.00 price objective on shares of Select Water Solutions in a research note on Wednesday, September 30th. Weiss Ratings restated a “hold (c)” rating on shares of Select Water Solutions in a report on Friday, October 2nd. Finally, Wall Street Zen cut Select Water Solutions from a “buy” rating to a “hold” rating in a report on Saturday, October 3rd. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $24.57.

About Select Water Solutions

Select Water Solutions, Inc provides water-management and chemical services to oil and natural gas exploration and production companies. Its services support drilling, completions and ongoing production, with a focus on managing water used in and generated by energy operations.

The company’s offerings include water sourcing, transfer, treatment, recycling and disposal, as well as water infrastructure such as pipelines and related facilities. It also supplies specialty chemicals and technical services designed for oilfield operations.

Formerly known as Select Energy Services, the company serves customers in major U.S.