Select Water Solutions (NYSE:WTTR) Posts Quarterly Earnings Results, Misses Estimates By $0.21 EPS

Select Water Solutions (NYSE:WTTR) issued its earnings results on Tuesday. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.21), reports. The firm had revenue of $346.50 million during the quarter, compared to analysts’ expectations of $320.85 million. Select Water Solutions had a return on equity of 2.26% and a net margin of 1.41%.The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the business posted ($0.02) earnings per share.

Select Water Solutions Stock Performance

Shares of Select Water Solutions stock traded up $1.34 during trading on Wednesday, hitting $14.60. 363,564 shares of the stock were exchanged, compared to its average volume of 795,437. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.48 and a current ratio of 1.64. The stock has a market cap of $1.77 billion, a PE ratio of 76.82 and a beta of 1.03. The stock’s fifty day moving average is $11.58 and its 200 day moving average is $10.52. Select Water Solutions has a 12 month low of $7.20 and a 12 month high of $15.43.

Select Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Friday, February 6th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, February 6th. This represents a $0.28 annualized dividend and a dividend yield of 1.9%. Select Water Solutions’s dividend payout ratio is currently 147.37%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WTTR. Piper Sandler set a $14.00 price target on shares of Select Water Solutions in a report on Thursday, December 18th. Northland Securities downgraded shares of Select Water Solutions from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a research note on Thursday, November 13th. Raymond James Financial restated a “strong-buy” rating and set a $16.00 target price on shares of Select Water Solutions in a report on Wednesday, November 5th. Wall Street Zen upgraded Select Water Solutions from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Select Water Solutions in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Select Water Solutions has an average rating of “Moderate Buy” and a consensus target price of $14.00.

Insider Activity at Select Water Solutions

In related news, CEO John Schmitz sold 211,118 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $11.15, for a total value of $2,353,965.70. Following the completion of the transaction, the chief executive officer directly owned 32,687 shares of the company’s stock, valued at $364,460.05. This trade represents a 86.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 332,250 shares of company stock worth $3,803,896 over the last three months. 8.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Select Water Solutions

Large investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Select Water Solutions in the 3rd quarter valued at about $29,000. Osaic Holdings Inc. boosted its stake in Select Water Solutions by 59.9% in the second quarter. Osaic Holdings Inc. now owns 4,883 shares of the company’s stock valued at $42,000 after acquiring an additional 1,830 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in Select Water Solutions by 2,704.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 5,608 shares of the company’s stock worth $60,000 after acquiring an additional 5,408 shares during the period. Jones Financial Companies Lllp grew its holdings in Select Water Solutions by 5,584.0% during the 1st quarter. Jones Financial Companies Lllp now owns 7,105 shares of the company’s stock worth $75,000 after acquiring an additional 6,980 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of Select Water Solutions by 190.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,916 shares of the company’s stock valued at $77,000 after acquiring an additional 5,847 shares during the last quarter. 81.73% of the stock is owned by institutional investors.

About Select Water Solutions

Select Water Solutions, Inc, headquartered in Houston, Texas, is a water management services provider primarily serving the oil and gas industry. Formerly operating under the name Select Energy Services, the company rebranded to reflect its core focus on water treatment, recycling and disposal. Since its inception in 2016, Select Water Solutions has expanded to key U.S. basins—including the Permian, Eagle Ford, Marcellus and DJ Basin—and maintains strategic operations in select international regions.

The company’s offerings span the full water lifecycle, from produced water gathering and transportation to advanced treatment and beneficial reuse.