Select Water Solutions (WTTR) Expected to Announce Quarterly Earnings on Tuesday

Select Water Solutions (NYSE:WTTR) is expected to be announcing its earnings results 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. Investors that wish to register for the company’s conference call can do so using this link.

Select Water Solutions Stock Performance

Shares of NYSE WTTR opened at $13.13 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average is $13.38 and its two-hundred day moving average is $12.38. The company has a market cap of $1.57 billion, a P/E ratio of 22.26 and a beta of 1.73. Select Water Solutions has a 12 month low of $7.60 and a 12 month high of $15.14.

Select Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.13%. The ex-dividend date was Tuesday, February 4th. Select Water Solutions’s dividend payout ratio is currently 47.46%.

Analysts Set New Price Targets

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

Insider Activity

In other news, CEO John Schmitz sold 26,550 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 2,898,578 shares in the company, valued at approximately $38,145,286.48. The trade was a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 8.40% of the stock is currently owned by company insiders.

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.