What happened?

A number of energy stocks jumped in the afternoon session after shipping attacks in the Persian Gulf sparked renewed supply concerns, driving crude oil prices sharply higher. The Wall Street Journal reported that front-month Brent crude rose 1.2% to $92.55 a barrel, recovering from a sharp selloff. West Texas Intermediate futures rose 0.7% to $86.67.

The Journal said the strikes tempered expectations of a diplomatic resolution to the U.S.-Iran conflict, and that supply risks in the region persist. A bottleneck in that shipping lane can tighten the crude available to buyers and add a geopolitical premium to the price. Higher oil prices can support revenue and cash flow for producers.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

• Mixed or offshore upstream E&P company Solaris Energy Infrastructure jumped 4.3%. Is now the time to buy Solaris Energy Infrastructure? Access our full analysis report here, it’s free.
• Oilfield services company Liberty Energy jumped 4.1%. Is now the time to buy Liberty Energy? Access our full analysis report here, it’s free.
• Infrastructure company DHT Holdings jumped 3.9%. Is now the time to buy DHT Holdings? Access our full analysis report here, it’s free.
• Oilfield services company Atlas Energy Solutions jumped 5%. Is now the time to buy Atlas Energy Solutions? Access our full analysis report here, it’s free.
• Oilfield services company Select Water Solutions jumped 5.1%. Is now the time to buy Select Water Solutions? Access our full analysis report here, it’s free.

Zooming in on Select Water Solutions

Select Water Solutions’s shares have had 20 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 7 days ago when the stock dropped 11.3% on the news that crude oil benchmarks retreated following U.S. midterm election results and shifting foreign policy developments concerning Iran. CNBC reported that both Brent and West Texas Intermediate crude benchmarks dropped alongside European natural gas prices as investors weighed the broader market implications of a Democratic sweep of Congress.

Traders closely analyzed potential policy shifts alongside changing expectations regarding diplomatic pathways versus renewed military strikes involving Iran. Geopolitical tensions in key crude-producing regions often inject an uncertainty premium into commodity prices, and signals pointing toward diplomacy can quickly alleviate supply tightness concerns. Because integrated oil producers and exploration companies rely directly on robust benchmark pricing to sustain upstream cash flows and revenue growth, the retreat in commodity futures put downward pressure across energy equities.

Select Water Solutions is up 46.2% since the beginning of the year, but at $16.22 per share, it is still trading 27.2% below its 52-week high of $22.26 from August 2026. Investors who bought $1,000 worth of Select Water Solutions’s shares 5 years ago would now be looking at an investment worth $2,402.

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