Select Water Solutions, Inc. (WTTR) to Issue Quarterly Dividend of $0.07 on February 18th

Select Water Solutions, Inc. (NYSE:WTTR) declared a quarterly dividend on Thursday, January 22nd. Stockholders of record on Friday, February 6th will be paid a dividend of 0.07 per share on Wednesday, February 18th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, February 6th.

Select Water Solutions has a payout ratio of 35.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Select Water Solutions to earn $1.14 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 24.6%.

Select Water Solutions Price Performance

NYSE:WTTR opened at $12.04 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.48 and a current ratio of 1.64. The company has a 50-day moving average of $10.86 and a 200-day moving average of $10.17. Select Water Solutions has a 52 week low of $7.20 and a 52 week high of $14.42. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 63.37 and a beta of 0.98.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The firm had revenue of $322.24 million during the quarter, compared to analyst estimates of $306.39 million. Select Water Solutions had a net margin of 1.41% and a return on equity of 2.26%. The company’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.15 earnings per share. As a group, equities research analysts anticipate that Select Water Solutions will post 0.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on WTTR. Piper Sandler set a $14.00 target price on Select Water Solutions in a research report on Thursday, December 18th. Wall Street Zen raised Select Water Solutions from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Raymond James Financial restated a “strong-buy” rating and issued a $16.00 target price on shares of Select Water Solutions in a research note on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a research report on Friday, January 9th. Finally, Northland Securities downgraded shares of Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 price target for the company. in a report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Select Water Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $14.00.

Select Water Solutions Company Profile

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.