Select Water Solutions, Inc. (NYSE:WTTR – Get Free Report) declared a quarterly dividend on Thursday, October 29th. Stockholders of record on Friday, November 13th will be given a dividend of $0.07 per share on Wednesday, November 25th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, November 13th.
Select Water Solutions has a dividend payout ratio of 35.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Select Water Solutions to earn $0.63 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 44.4%.
Select Water Solutions Trading Down 0.9%
WTTR stock opened at $19.76 on Friday. The firm has a fifty day moving average price of $19.63 and a 200 day moving average price of $17.33. Select Water Solutions has a fifty-two week low of $9.28 and a fifty-two week high of $22.55. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.40 and a current ratio of 1.58. The firm has a market cap of $2.74 billion, a PE ratio of 70.57 and a beta of 1.01.
Select Water Solutions (NYSE:WTTR – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. The company had revenue of $395.81 million for the quarter, compared to analysts’ expectations of $373.33 million. Select Water Solutions had a net margin of 2.24% and a return on equity of 3.11%. Select Water Solutions’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 earnings per share. Sell-side analysts anticipate that Select Water Solutions will post 0.55 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. USA Financial Formulas bought a new stake in Select Water Solutions during the 3rd quarter valued at about $49,000. Public Employees Retirement System of Ohio purchased a new stake in Select Water Solutions in the 2nd quarter valued at about $54,000. Nykredit A S purchased a new stake in Select Water Solutions in the 2nd quarter valued at about $62,000. State of Alaska Department of Revenue boosted its position in Select Water Solutions by 41.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 4,381 shares of the company’s stock valued at $86,000 after buying an additional 1,275 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Select Water Solutions in the 3rd quarter worth about $87,000. Institutional investors own 81.73% of the company’s stock.
Select Water Solutions Company Profile
Select Water Solutions, Inc provides water management and environmental services to the North American oil and gas industry. The company helps exploration and production companies source, transport, store, treat, recycle and dispose of water used in drilling and hydraulic fracturing operations.
Its services include freshwater sourcing and transfer, produced-water gathering and recycling, water infrastructure construction and management, well testing, and wastewater disposal. Select Water Solutions also provides water-treatment solutions and related equipment designed to support more efficient water use and reduce the environmental impact of oilfield operations.
Formerly known as Select Energy Services, the company adopted the Select Water Solutions name in 2023 to reflect its broader focus on water and environmental services.
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