Select Water Solutions COO Michael Skarke Sells $1.91 Million in Stock
EVP & COO At Select Water Solutions Sells $1.91M Of Stock
Benzinga
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Michael Skarke, the Executive Vice President and Chief Operating Officer of Select Water Solutions, sold 110,000 shares of the company for approximately $1.91 million. This insider transaction comes amid a challenging revenue environment for the company, which provides sustainable water-management solutions to the energy sector in the United States.
- 01Michael Skarke sold 110,000 shares for $1.91 million.
- 02Select Water Solutions is facing a revenue decline of approximately 2.25%.
- 03The company's gross margin is low at 17.84%, indicating profitability challenges.
- 04Select Water Solutions has a debt-to-equity ratio of 0.29, indicating sound financial structure.
- 05The company's P/E ratio is high at 85.95, suggesting the stock is priced at a premium.
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On May 13, Michael Skarke, the Executive Vice President and Chief Operating Officer of Select Water Solutions (NYSE: WTTR), sold 110,000 shares valued at $1,913,500 according to a Form 4 filing with the U.S. Securities and Exchange Commission. This sale occurs amidst a challenging revenue environment, with the company experiencing a 2.25% decline in revenue as of March 31, 2026. Select Water Solutions, based in the United States, specializes in sustainable water-management solutions for the energy industry, with its primary revenue coming from its Water Services segment. Despite a low gross margin of 17.84% and an earnings per share (EPS) of 0.08, the company maintains a healthy debt-to-equity ratio of 0.29. The stock currently has a high price-to-earnings (P/E) ratio of 85.95, indicating it is priced at a premium compared to industry norms, while its price-to-sales (P/S) ratio of 1.58 suggests it might be undervalued. Insider transactions like Skarke's can provide insights into executive sentiment, although they should be evaluated alongside other investment factors.
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The stock sale by a top executive may influence investor sentiment and stock performance, potentially affecting shareholders and future investment decisions.
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