Select Water Solutions, Inc. (NYSE:WTTR) Announces $0.07 Quarterly Dividend

Select Water Solutions, Inc. (NYSE:WTTR) declared a quarterly dividend on Thursday, January 23rd,RTT News reports. Shareholders of record on Tuesday, February 4th will be given a dividend of 0.07 per share on Friday, February 14th. This represents a $0.28 annualized dividend and a yield of 2.02%.

Select Water Solutions has a dividend payout ratio of 26.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Select Water Solutions to earn $0.91 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 30.8%.

Select Water Solutions Stock Performance

WTTR opened at $13.85 on Friday. Select Water Solutions has a twelve month low of $7.25 and a twelve month high of $15.14. The stock has a market cap of $1.65 billion, a PE ratio of 23.47 and a beta of 1.76. The business’s 50 day moving average is $13.85 and its 200-day moving average is $12.15. The company has a current ratio of 1.78, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

Select Water Solutions (NYSE:WTTR) last announced its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. The firm had revenue of $371.35 million for the quarter, compared to the consensus estimate of $352.98 million. Select Water Solutions had a return on equity of 6.65% and a net margin of 4.05%. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS. On average, analysts predict that Select Water Solutions will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.