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

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

Select Water Solutions has a payout ratio of 26.9% meaning its dividend is sufficiently covered by earnings. 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 Trading Up 1.0 %

Shares of WTTR opened at $13.85 on Friday. 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 has a 1-year low of $7.25 and a 1-year high of $15.14. The stock has a market capitalization of $1.65 billion, a P/E ratio of 23.47 and a beta of 1.76. The business’s 50-day moving average price is $13.85 and its 200 day moving average price is $12.15.

Select Water Solutions (NYSE:WTTR) last released its earnings results on Tuesday, November 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. Select Water Solutions had a net margin of 4.05% and a return on equity of 6.65%. The business had revenue of $371.35 million for the quarter, compared to the consensus estimate of $352.98 million. During the same period last year, the firm posted $0.14 earnings per share. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. Analysts expect that Select Water Solutions will post 0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.