Northland Downgrades Select Water Solutions (WTTR)

The share price of Select Water Solutions, Inc. (NYSE:WTTR) fell by 11.97% between November 11 and November 18, 2025, putting it among the Energy Stocks that Lost the Most This Week.

Select Water Solutions, Inc. (NYSE:WTTR) is a leader in water management and chemical technology for customers in the oil and gas industry and other industrial applications.

Select Water Solutions, Inc. (NYSE:WTTR) posted mixed results for its third quarter on November 4, with its adjusted EPS of $0.04 edging below estimates by $0.01. However, the company’s revenue of $322.2 million managed to exceed expectations by more than $16 million, despite falling by over 13% YoY. WTTR’s Chemical Technologies segment performed exceptionally well, with revenue and gross profit witnessing YoY growth of 13% and 34% respectively, thanks to the new launches and increased market share.

Select Water Solutions, Inc. (NYSE:WTTR) also took a hit on November 13 when Northland downgraded the stock from ‘Outperform’ to ‘Market Perform’, while giving it a price target of $12. The firm is of the view that WTTR’s current valuation is ‘reasonable for shares today’. However, to turn more positive on the shares, the firm would like to see larger growth in adjusted EBITDA in FY 2026, more bolt-on projects, such as the company’s recently announced lithium extraction, or improved activity in the American onshore market.

READ NEXT: 10 Best Renewable Energy Dividend Stocks to Buy Now and 11 Best High Yield Energy Stocks to Buy Now.

Disclosure: None.