Select Water Solutions, Inc. (NYSE:WTTR) Plans Quarterly Dividend of $0.06

Select Water Solutions, Inc. (NYSE:WTTR) announced a quarterly dividend on Wednesday, April 24th, NASDAQ reports. Investors of record on Friday, May 3rd will be given a dividend of 0.06 per share on Wednesday, May 15th. This represents a $0.24 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Thursday, May 2nd.

Select Water Solutions has a dividend payout ratio of 19.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Select Water Solutions to earn $1.13 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 21.2%.

Select Water Solutions Trading Up 0.6 %

WTTR stock traded up $0.05 during trading on Thursday, hitting $9.42. 1,161,575 shares of the company’s stock were exchanged, compared to its average volume of 1,144,727. The business has a 50-day moving average price of $8.91 and a two-hundred day moving average price of $7.95. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 12.73 and a beta of 1.66. Select Water Solutions has a 52-week low of $6.78 and a 52-week high of $9.74.

Select Water Solutions (NYSE:WTTR) last posted its earnings results on Tuesday, February 20th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.11. The firm had revenue of $374.90 million during the quarter, compared to analysts’ expectations of $378.12 million. Select Water Solutions had a return on equity of 8.46% and a net margin of 4.69%. The firm’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 earnings per share. On average, equities research analysts anticipate that Select Water Solutions will post 0.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Northland Securities initiated coverage on Select Water Solutions in a research note on Monday. They set a “market perform” rating and a $11.50 target price for the company.

Insider Buying and Selling at Select Water Solutions

In other Select Water Solutions news, CAO Brian Szymanski sold 6,422 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $8.60, for a total value of $55,229.20. Following the completion of the sale, the chief accounting officer now owns 95,936 shares in the company, valued at $825,049.60. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CAO Brian Szymanski sold 6,422 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $8.60, for a total value of $55,229.20. Following the transaction, the chief accounting officer now owns 95,936 shares of the company’s stock, valued at $825,049.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Christopher Kile George sold 23,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $8.63, for a total value of $198,490.00. Following the completion of the transaction, the senior vice president now directly owns 255,587 shares in the company, valued at approximately $2,205,715.81. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,511 shares of company stock worth $398,053. 8.10% of the stock is owned by insiders.

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.