Select Water Solutions, Inc. (NYSE:WTTR) Announces $0.07 Quarterly Dividend

Select Water Solutions, Inc. (NYSE:WTTR) declared a quarterly dividend on Thursday, January 23rd,RTT News reports. Stockholders of record on Tuesday, February 4th will be paid a dividend of 0.07 per share on Friday, February 14th. This represents a $0.28 annualized dividend and a dividend yield of 2.02%.

Select Water Solutions has a dividend payout ratio of 26.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Select Water Solutions to earn $0.91 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 30.8%.

Select Water Solutions Trading Up 1.0 %

Shares of WTTR traded up $0.14 on Thursday, reaching $13.85. 764,230 shares of the company’s stock were exchanged, compared to its average volume of 763,766. The business has a 50 day moving average price of $13.84 and a two-hundred day moving average price of $12.14. Select Water Solutions has a 12 month low of $7.25 and a 12 month high of $15.14. The stock has a market capitalization of $1.65 billion, a P/E ratio of 23.47 and a beta of 1.76. The company has a current ratio of 1.78, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

Select Water Solutions (NYSE:WTTR) last issued its earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. Select Water Solutions had a net margin of 4.05% and a return on equity of 6.65%. The company had revenue of $371.35 million during the quarter, compared to analysts’ expectations of $352.98 million. During the same quarter in the previous year, the company posted $0.14 EPS. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. Research analysts anticipate that Select Water Solutions will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Citigroup increased their target price on Select Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, January 10th.

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.