Select Water Solutions (NYSE:WTTR) Sets New 1-Year High at $9.41

Shares of Select Water Solutions, Inc. (NYSE:WTTRGet Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $9.41 and last traded at $9.39, with a volume of 48799 shares trading hands. The stock had previously closed at $9.24.

Select Water Solutions Price Performance

The stock’s fifty day simple moving average is $8.41 and its 200-day simple moving average is $7.80. The company has a market capitalization of $1.12 billion, a P/E ratio of 12.95 and a beta of 1.66.

Select Water Solutions (NYSE:WTTRGet Free Report) last released its earnings results on Tuesday, February 20th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.11. Select Water Solutions had a net margin of 4.69% and a return on equity of 8.46%. The business had revenue of $374.90 million during the quarter, compared to analysts’ expectations of $378.12 million. During the same quarter last year, the company earned $0.07 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis. On average, research analysts predict that Select Water Solutions, Inc. will post 0.73 earnings per share for the current year.

Select Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Wednesday, February 7th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend was Tuesday, February 6th. Select Water Solutions’s payout ratio is presently 32.88%.

Insider Buying and Selling

In related news, CAO Brian Szymanski sold 8,080 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $8.33, for a total value of $67,306.40. Following the completion of the transaction, the chief accounting officer now owns 84,304 shares of the company’s stock, valued at $702,252.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Christopher Kile George sold 23,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $8.63, for a total transaction of $198,490.00. Following the completion of the sale, the senior vice president now owns 255,587 shares of the company’s stock, valued at $2,205,715.81. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Brian Szymanski sold 8,080 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $8.33, for a total transaction of $67,306.40. Following the sale, the chief accounting officer now directly owns 84,304 shares of the company’s stock, valued at approximately $702,252.32. The disclosure for this sale can be found here. Insiders sold 46,511 shares of company stock valued at $398,053 over the last quarter. Corporate insiders own 8.40% of the company’s stock.

Institutional Trading of Select Water Solutions

Several hedge funds have recently modified their holdings of the company. Quarry LP increased its holdings in shares of Select Water Solutions by 189.1% in the second quarter. Quarry LP now owns 3,166 shares of the company’s stock valued at $26,000 after purchasing an additional 2,071 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Select Water Solutions in the third quarter valued at approximately $28,000. Castleview Partners LLC acquired a new stake in shares of Select Water Solutions in the second quarter valued at approximately $40,000. Tower Research Capital LLC TRC increased its holdings in shares of Select Water Solutions by 43.2% in the third quarter. Tower Research Capital LLC TRC now owns 7,616 shares of the company’s stock valued at $53,000 after purchasing an additional 2,297 shares in the last quarter. Finally, New York State Teachers Retirement System acquired a new stake in shares of Select Water Solutions in the fourth quarter valued at approximately $54,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

About Select Water Solutions

(Get Free Report)

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.

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