Seaport Res Ptn Has Negative Outlook of WTTR Q1 Earnings

Select Water Solutions, Inc. (NYSE:WTTR - Free Report) - Stock analysts at Seaport Res Ptn lowered their Q1 2025 EPS estimates for shares of Select Water Solutions in a report issued on Sunday, March 9th. Seaport Res Ptn analyst T. Curran now forecasts that the company will earn $0.09 per share for the quarter, down from their previous estimate 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 increased their target price on shares of Select Water Solutions from $14.00 to $18.00 and gave the stock a "buy" rating in a research report on Friday, January 10th.

Select Water Solutions Stock Down 0.1 %

Shares of NYSE:WTTR opened at $9.68 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.65. The company has a market cap of $1.15 billion, a PE ratio of 32.25 and a beta of 1.77. Select Water Solutions has a 52 week low of $8.47 and a 52 week high of $15.14. The firm has a 50 day simple moving average of $12.80 and a 200 day simple moving average of $12.46.

Select Water Solutions (NYSE:WTTR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.14). The firm had revenue of $349.05 million during 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%.

Select Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were given a $0.07 dividend. The ex-dividend date was Tuesday, February 4th. This represents a $0.28 dividend on an annualized basis and a yield of 2.89%. Select Water Solutions's payout ratio is 93.33%.

Insiders Place Their Bets

In other news, CEO John Schmitz sold 73,450 shares of the firm's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $13.03, for a total transaction of $957,053.50. Following the transaction, the chief executive officer now owns 2,825,128 shares in the company, valued at approximately $36,811,417.84. This trade represents a 2.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.40% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of WTTR. FMR LLC raised its holdings in shares of Select Water Solutions by 51.9% during 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 raised its holdings in shares of Select Water Solutions by 21.9% during 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. Hood River Capital Management LLC bought a new position in shares of Select Water Solutions during the 4th quarter valued at $7,274,000. Penn Capital Management Company LLC bought a new position in shares of Select Water Solutions during the 4th quarter valued at $5,751,000. Finally, Van ECK Associates Corp raised its holdings in shares of Select Water Solutions by 27.4% during the 4th quarter. Van ECK Associates Corp now owns 1,998,193 shares of the company's stock valued at $26,456,000 after purchasing an additional 430,363 shares in the last quarter. Institutional investors own 81.73% of the company's stock.

About Select Water Solutions

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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