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

Select Water Solutions, Inc. (NYSE:WTTRGet Free Report) declared a quarterly dividend on Wednesday, April 24th, NASDAQ reports. Shareholders of record on Friday, May 3rd will be paid a dividend of 0.06 per share on Wednesday, May 15th. This represents a $0.24 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Thursday, May 2nd.

Select Water Solutions has a dividend payout ratio of 19.8% indicating that its dividend is sufficiently covered by earnings. Equities 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 %

NYSE:WTTR traded up $0.05 during mid-day trading on Thursday, hitting $9.42. 1,161,575 shares of the company’s stock traded hands, compared to its average volume of 1,144,727. The firm has a 50 day moving average of $8.91 and a two-hundred day moving average of $7.95. Select Water Solutions has a 12 month low of $6.78 and a 12 month high of $9.74. The firm 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 (NYSE:WTTRGet Free Report) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.27 EPS for the quarter, beating 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 company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 EPS. As a group, equities research analysts expect that Select Water Solutions will post 0.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Northland Securities started coverage on Select Water Solutions in a research report on Monday. They issued a “market perform” rating and a $11.50 price objective on the stock.

Read Our Latest Research Report on WTTR

Insider Buying and Selling at Select Water Solutions

In other Select Water Solutions news, CFO Nick L. Swyka sold 9,009 shares of Select Water Solutions stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $8.55, for a total value of $77,026.95. Following the sale, the chief financial officer now owns 272,140 shares of the company’s stock, valued at approximately $2,326,797. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Nick L. Swyka sold 9,009 shares of Select Water Solutions stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $8.55, for a total transaction of $77,026.95. Following the completion of the transaction, the chief financial officer now owns 272,140 shares in the company, valued at $2,326,797. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the chief accounting officer now owns 95,936 shares of the company’s stock, valued at approximately $825,049.60. The disclosure for this sale can be found here. Insiders have sold 46,511 shares of company stock valued at $398,053 in the last 90 days. 8.10% of the stock is currently owned by company insiders.

About Select Water Solutions

(Get Free Report)

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.

See Also

Dividend History for Select Water Solutions (NYSE:WTTR)

Receive News & Ratings for Select Water Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Water Solutions and related companies with MarketBeat.com's FREE daily email newsletter.