Select Water Solutions, Inc. (WTTR) To Go Ex-Dividend on August 7th

Select Water Solutions, Inc. (NYSE:WTTR) declared a quarterly dividend on Thursday, July 23rd. Stockholders of record on Friday, August 7th will be given a dividend of 0.07 per share on Wednesday, August 19th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 7th.

Select Water Solutions has a payout ratio of 35.0% meaning its dividend is sufficiently covered by earnings. Research 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 3.2%

Shares of WTTR stock opened at $20.18 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.76 and a current ratio of 1.92. 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 $2.79 billion, a PE ratio of 96.08 and a beta of 0.98. The business’s fifty day moving average is $19.08 and its 200 day moving average is $15.86.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. Select Water Solutions had a return on equity of 2.21% and a net margin of 1.54%.The company had revenue of $365.96 million during the quarter, compared to analyst estimates of $344.63 million. During the same quarter last year, the company earned $0.08 earnings per share. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. On average, equities research analysts anticipate that Select Water Solutions will post 0.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on WTTR shares. Wall Street Zen raised Select Water Solutions from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Citigroup boosted their price objective on Select Water Solutions from $18.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Northland Securities set a $21.00 target price on shares of Select Water Solutions in a research note on Thursday, May 7th. Bank of America initiated coverage on shares of Select Water Solutions in a research report on Friday, May 29th. They set a “buy” rating and a $22.00 target price for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Select Water Solutions presently has an average rating of “Moderate Buy” and an average price target 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.