Northland Capmk Issues Pessimistic Outlook for WTTR Earnings

Select Water Solutions, Inc. (NYSE:WTTR - Free Report) - Equities researchers at Northland Capmk lowered their Q1 2025 earnings per share (EPS) estimates for Select Water Solutions in a research report issued on Tuesday, February 25th. Northland Capmk analyst B. Brooks now anticipates that the company will post earnings per share of $0.06 for the quarter, down from their prior forecast of $0.18. The consensus estimate for Select Water Solutions' current full-year earnings is $0.91 per share. Northland Capmk also issued estimates for Select Water Solutions' FY2025 earnings at $0.64 EPS.

Select Water Solutions (NYSE:WTTR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.14). The company had revenue of $349.05 million for the quarter, compared to analyst estimates of $333.62 million. Select Water Solutions had a net margin of 2.11% and a return on equity of 3.48%.

Separately, Citigroup increased their price objective on Select Water Solutions from $14.00 to $18.00 and gave the company a "buy" rating in a research note on Friday, January 10th.

Select Water Solutions Price Performance

Shares of WTTR traded up $0.13 during trading hours on Thursday, reaching $12.12. 974,211 shares of the company traded hands, compared to its average volume of 941,508. The company has a quick ratio of 1.62, a current ratio of 1.65 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.45 billion, a PE ratio of 40.38 and a beta of 1.73. Select Water Solutions has a fifty-two week low of $8.12 and a fifty-two week high of $15.14. The stock has a fifty day simple moving average of $13.15 and a 200 day simple moving average of $12.47.

Select Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions's payout ratio is 93.33%.

Insiders Place Their Bets

In other Select Water Solutions news, CEO John Schmitz sold 73,450 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $13.03, for a total value of $957,053.50. Following the sale, the chief executive officer now directly owns 2,825,128 shares of the company's stock, valued at approximately $36,811,417.84. This trade represents a 2.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.40% of the stock is owned by corporate insiders.

Institutional Trading of Select Water Solutions

A number of hedge funds have recently added to or reduced their stakes in WTTR. FMR LLC lifted its stake in shares of Select Water Solutions by 51.9% in the 3rd quarter. FMR LLC now owns 3,728,787 shares of the company's stock valued at $41,501,000 after purchasing an additional 1,274,600 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Select Water Solutions by 21.9% in the 4th quarter. First Trust Advisors LP now owns 6,828,596 shares of the company's stock valued at $90,411,000 after purchasing an additional 1,226,061 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Select Water Solutions by 148.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,121,146 shares of the company's stock valued at $12,478,000 after purchasing an additional 669,301 shares in the last quarter. Hood River Capital Management LLC acquired a new position in shares of Select Water Solutions in the 4th quarter valued at about $7,274,000. Finally, Penn Capital Management Company LLC acquired a new position in shares of Select Water Solutions in the 4th quarter valued at about $5,751,000. 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.