Select Water Solutions (NYSE:WTTR) Posts Earnings Results, Beats Estimates By $0.04 EPS

Select Water Solutions (NYSE:WTTR) announced its quarterly earnings results on Tuesday. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04, FiscalAI reports. The company had revenue of $395.81 million during the quarter, compared to analyst estimates of $373.33 million. Select Water Solutions had a return on equity of 2.21% and a net margin of 1.54%.

Select Water Solutions Stock Up 0.7%

Shares of WTTR traded up $0.12 during mid-day trading on Tuesday, reaching $18.50. The company had a trading volume of 3,114,839 shares, compared to its average volume of 1,688,184. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.76 and a current ratio of 1.92. The firm has a 50-day moving average price of $18.92 and a 200 day moving average price of $16.19. Select Water Solutions has a 52 week low of $7.86 and a 52 week high of $21.67. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 88.10 and a beta of 0.99.

Select Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Friday, August 7th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, August 7th. Select Water Solutions’s dividend payout ratio (DPR) is presently 133.33%.

Insider Buying and Selling

In other Select Water Solutions news, CAO Brian Szymanski sold 20,000 shares of Select Water Solutions stock in a transaction on Monday, May 11th. The stock was sold at an average price of $17.04, for a total transaction of $340,800.00. Following the completion of the transaction, the chief accounting officer owned 114,752 shares in the company, valued at approximately $1,955,374.08. The trade was a 14.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robin H. Fielder sold 27,010 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $16.80, for a total value of $453,768.00. Following the completion of the sale, the director directly owned 43,315 shares in the company, valued at $727,692. This trade represents a 38.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 222,010 shares of company stock worth $3,925,971 over the last three months. 6.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Select Water Solutions

Hedge funds have recently bought and sold shares of the company. Virtus Investment Advisers LLC bought a new stake in shares of Select Water Solutions during the fourth quarter valued at approximately $160,000. Brooklyn Investment Group purchased a new position in Select Water Solutions in the 4th quarter worth approximately $134,000. State of Wyoming lifted its position in Select Water Solutions by 21.4% in the 4th quarter. State of Wyoming now owns 12,878 shares of the company’s stock valued at $135,000 after acquiring an additional 2,268 shares in the last quarter. HighTower Advisors LLC lifted its position in Select Water Solutions by 39.0% in the 4th quarter. HighTower Advisors LLC now owns 15,248 shares of the company’s stock valued at $160,000 after acquiring an additional 4,279 shares in the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in Select Water Solutions during the 3rd quarter valued at $166,000. Institutional investors own 81.73% of the company’s stock.

Analyst Upgrades and Downgrades

WTTR has been the subject of several research analyst reports. Zacks Research cut shares of Select Water Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Citigroup lifted their price objective on Select Water Solutions from $18.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Raymond James Financial reiterated a “strong-buy” rating and set a $24.00 target price on shares of Select Water Solutions in a report on Thursday, May 7th. Northland Securities set a $21.00 target price on Select Water Solutions in a research report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Select Water Solutions in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.40.

About Select Water Solutions

Select Water Solutions, Inc, headquartered in Houston, Texas, is a water management services provider primarily serving the oil and gas industry. Formerly operating under the name Select Energy Services, the company rebranded to reflect its core focus on water treatment, recycling and disposal. Since its inception in 2016, Select Water Solutions has expanded to key U.S. basins—including the Permian, Eagle Ford, Marcellus and DJ Basin—and maintains strategic operations in select international regions.

The company’s offerings span the full water lifecycle, from produced water gathering and transportation to advanced treatment and beneficial reuse.