What is Seaport Res Ptn’s Forecast for WTTR Q1 Earnings?

Select Water Solutions, Inc. (NYSE:WTTR) – Investment analysts at Seaport Res Ptn cut their Q1 2025 earnings per share (EPS) estimates for shares of Select Water Solutions in a research note issued on Sunday, March 9th. Seaport Res Ptn analyst T. Curran now forecasts that the company will post earnings per share of $0.09 for the quarter, down from their previous 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 boosted their price objective on Select Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a report on Friday, January 10th.

Select Water Solutions Price Performance

WTTR stock opened at $9.63 on Wednesday. Select Water Solutions has a 12 month low of $8.60 and a 12 month high of $15.14. The company has a 50-day moving average price of $12.80 and a 200 day moving average price of $12.46. The stock has a market cap of $1.15 billion, a PE ratio of 32.09 and a beta of 1.77. 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 (NYSE:WTTR) last released 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 company had revenue of $349.05 million during the quarter, compared to analysts’ expectations of $333.62 million. Select Water Solutions had a return on equity of 3.48% and a net margin of 2.11%.

Select Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors 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 2.91%. The ex-dividend date of this dividend was Tuesday, February 4th. Select Water Solutions’s dividend payout ratio (DPR) is presently 93.33%.

Insiders Place Their Bets

In related news, CEO John Schmitz sold 73,450 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $13.03, for a total transaction of $957,053.50. Following the completion of the sale, the chief executive officer now directly owns 2,825,128 shares in the company, valued at $36,811,417.84. This represents a 2.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 8.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Select Water Solutions

Large investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Select Water Solutions by 5.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 167,503 shares of the company’s stock worth $2,218,000 after buying an additional 9,188 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Select Water Solutions by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 25,697 shares of the company’s stock valued at $340,000 after purchasing an additional 8,454 shares during the period. Millennium Management LLC purchased a new position in Select Water Solutions during the 4th quarter worth approximately $2,277,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Select Water Solutions by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,865 shares of the company’s stock valued at $687,000 after purchasing an additional 1,891 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of Select Water Solutions by 43.2% in the 4th quarter. Deutsche Bank AG now owns 81,336 shares of the company’s stock valued at $1,077,000 after buying an additional 24,518 shares during the period. 81.73% of the stock is currently owned by institutional investors.

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.