Seaport Res Ptn Issues Pessimistic Outlook for WTTR Earnings

Select Water Solutions, Inc. (NYSE:WTTR) – Equities researchers at Seaport Res Ptn decreased their Q1 2025 earnings per share estimates for Select Water Solutions in a note issued to investors on Sunday, March 9th. Seaport Res Ptn analyst T. Curran now expects that the company will post earnings per share of $0.09 for the quarter, down from their prior forecast of $0.19. The consensus estimate for Select Water Solutions’ current full-year earnings is $0.91 per share. Seaport Res Ptn also issued estimates for Select Water Solutions’ FY2025 earnings at $0.59 EPS.

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

Select Water Solutions Stock Down 2.9 %

WTTR opened at $9.34 on Wednesday. The company has a market cap of $1.11 billion, a P/E ratio of 31.14 and a beta of 1.77. The business’s 50-day moving average price is $12.72 and its 200-day moving average price is $12.44. The company has a current ratio of 1.65, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Select Water Solutions has a 12 month low of $8.60 and a 12 month high of $15.14.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.14). The firm had revenue of $349.05 million for the quarter, compared to analysts’ expectations of $333.62 million. Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%.

Institutional Trading of Select Water Solutions

Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in Select Water Solutions by 128.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,711 shares of the company’s stock valued at $36,000 after acquiring an additional 1,525 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Select Water Solutions by 24.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 5,044 shares of the company’s stock valued at $67,000 after acquiring an additional 1,007 shares in the last quarter. Amundi boosted its position in Select Water Solutions by 83.8% during the 4th quarter. Amundi now owns 9,010 shares of the company’s stock valued at $119,000 after acquiring an additional 4,109 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in Select Water Solutions by 13.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 9,545 shares of the company’s stock valued at $126,000 after acquiring an additional 1,143 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. bought a new stake in Select Water Solutions during the 3rd quarter valued at approximately $107,000. 81.73% of the stock is owned by institutional investors.

Insider Activity at Select Water Solutions

In other Select Water Solutions news, CEO John Schmitz sold 26,550 shares of Select Water Solutions stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $13.16, for a total transaction of $349,398.00. Following the sale, the chief executive officer now directly owns 2,898,578 shares of the company’s stock, valued at approximately $38,145,286.48. The trade was a 0.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.40% of the stock is owned by company insiders.

Select Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 4th. This represents a $0.28 dividend on an annualized basis and a yield of 3.00%. Select Water Solutions’s dividend payout ratio is presently 93.33%.

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.