11 Oil Stocks with Highest Upside Potential

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6. Select Water Solutions, Inc. (NYSE:WTTR)

Select Water Solutions, Inc. (NYSE:WTTR) is one of the best oil stocks with highest upside potential. Piper Sandler lifted the price target on Select Water Solutions, Inc. (NYSE:WTTR) to $16 from $14 on February 26, reiterating an Overweight rating on the shares. It stated that the company delivered solid fiscal Q4 results, backed by factors such as an upward revision to its WI 2026 topline guide to 20-25% year-over-year from 20%, impressive Water Infrastructure margin expansion, market share gains in Chemical Technologies, and a more favorable 2026 free cash flow outlook. Piper added that Select Water Solutions, Inc. (NYSE:WTTR) announced a $175M equity offering two days later, which is intended to be used for Water Infrastructure growth projects, debt repayment, or potential acquisitions.

Select Water Solutions, Inc. (NYSE:WTTR) also received a rating update from Citi the same day. The firm lifted the price target on the stock to $16.50 from $15, reaffirming a Buy rating on the shares. It told investors that it updated the company’s model post the Q4 report, adding that it believes the shares remain attractively valued.

Select Water Solutions, Inc. (NYSE:WTTR) is a leader in water management and chemical technology serving customers in the oil and gas industry and other industrial applications. Its operations are divided into the following business segments: Water Infrastructure, Water Services, and Chemical Technologies.

While we acknowledge the potential of WTTR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WTTR and that has 100x upside potential, check out our report about this cheapest AI stock.

Click to continue reading and see the 5 Oil Stocks with Highest Upside Potential.

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