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

Select Water Solutions, Inc. (NYSE:WTTR) announced a quarterly dividend on Friday, October 24th. Investors of record on Friday, November 7th will be given a dividend of 0.07 per share on Monday, November 17th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, November 7th.

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 traded down $0.17 during trading hours on Wednesday, hitting $11.52. 168,515 shares of the company’s stock traded hands, compared to its average volume of 1,223,953. The firm has a market cap of $1.40 billion, a P/E ratio of 37.34 and a beta of 1.18. Select Water Solutions has a 52 week low of $7.20 and a 52 week high of $15.14. The business’s fifty day simple moving average is $10.22 and its two-hundred day simple moving average is $9.28. The company has a quick ratio of 1.82, a current ratio of 2.01 and a debt-to-equity ratio of 0.29.

Select Water Solutions (NYSE:WTTR) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. Select Water Solutions had a return on equity of 3.69% and a net margin of 2.26%.The company had revenue of $322.24 million during the quarter, compared to analyst estimates of $306.39 million. During the same quarter last year, the company earned $0.15 earnings per share. The firm’s quarterly revenue was down 13.2% on a year-over-year basis. On average, research analysts anticipate that Select Water Solutions will post 0.91 earnings per share for the current fiscal year.

Institutional Trading of Select Water Solutions

A number of institutional investors and hedge funds have recently modified their holdings of WTTR. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Select Water Solutions during the first quarter worth approximately $123,000. Principal Financial Group Inc. grew its position in Select Water Solutions by 3.9% in the 1st quarter. Principal Financial Group Inc. now owns 48,603 shares of the company’s stock valued at $510,000 after buying an additional 1,822 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Select Water Solutions by 187.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 88,839 shares of the company’s stock valued at $933,000 after buying an additional 57,889 shares in the last quarter. M&T Bank Corp purchased a new stake in Select Water Solutions during the first quarter valued at about $244,000. Finally, Cerity Partners LLC bought a new position in Select Water Solutions during the first quarter valued at approximately $155,000. 81.73% of the stock is owned by institutional investors and hedge funds.

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.