In this article, we will look at the 5 Stocks Investors Are Dumping Right Now. For a deeper discussion and an extended list, please see 10 Stocks Investors Are Dumping Right Now.
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5. Patterson-UTI Energy Inc. (NASDAQ:PTEN)
Patterson-UTI fell by 8.01 percent on Wednesday to close at $10.33 apiece, mirroring the decline in energy shares after the US and Iran agreed to a two-week ceasefire.
Patterson-UTI Energy Inc. (NASDAQ:PTEN), a leading oil and gas drilling company, declined alongside its counterparts after the prices of benchmark crude oil plunged by 15 percent in intraday trading following President Donald Trump’s announcement that the US and Iran would hold a two-week ceasefire on condition that the latter reopens the Strait of Hormuz.
The Strait is a critical waterway passage where 20 percent of global crude oil demand passes through. Since the start of the war, it was ordered shut under Iranian control, sending prices of global crude oil and natural gas soaring, as shipping giants were forced to look for alternative paths to transport the said commodities.
Patterson-UTI Energy Inc. (NASDAQ:PTEN) similarly benefited from the higher oil prices over the past few weeks amid the supply disruptions and global demand surge that sparked increased drilling services.
Patterson-UTI Energy Inc. (NASDAQ:PTEN) is a leading provider of drilling and completion services to oil and natural gas exploration and production companies in the United States and other countries.
Last year, it narrowed its net loss by 90.4 percent to $93.05 million from $966.4 million in 2024. Revenues declined by 10.8 percent to $4.8 billion from $5.38 billion year-on-year.
4. SM Energy Company (NYSE:SM)
SM Energy declined by 8.10 percent on Wednesday to finish at $28.81 apiece, tracking the decline in energy firms after the US struck a two-week ceasefire with Iran.
The stock fell alongside its counterparts, following President Donald Trump’s announcement that the US and Iran would hold a two-week ceasefire on condition that the latter reopens the Strait of Hormuz.
The Strait is a critical waterway passage where 20 percent of global crude oil demand passes through. Since the start of the war, it was ordered shut under Iranian control, sending prices of global crude oil and natural gas soaring, as shipping giants were forced to look for alternative paths to transport the said commodities.
Meanwhile, SM Energy Company (NYSE:SM) and other oil and gas firms for weeks have benefitted from the surging oil prices, which investors expected to propel its profit margins higher in the first quarter of the year.
In other news, SM Energy Company (NYSE:SM) said that it would announce the results of its first quarter earnings performance during market hours on May 7, 2026. A conference call will be held to elaborate on the results.
3. Sasol Ltd. (NYSE:SSL)
Sasol snapped a three-day winning streak on Wednesday, losing 8.38 percent to close at $12.46 apiece, as investor sentiment was dragged down by the double-digit decline in crude oil prices, thanks to the official ceasefire between the US and Iran.
Sasol Ltd. (NYSE:SSL) fell alongside its counterparts, having benefited for weeks from the higher oil prices and supply crunch.
Late on Tuesday, President Donald Trump announced that the US and Iran have agreed to a two-week ceasefire on condition of the latter reopening the Strait of Hormuz.
The Strait is a critical waterway passage where 20 percent of global crude oil demand passes through. Since the start of the war, it was ordered shut under Iranian control, sending prices of global crude oil and natural gas soaring, as shipping giants were forced to look for alternative paths to transport the said commodities.
Meanwhile, the decline can also be attributed to profit-taking after Sasol Ltd. (NYSE:SSL) soared to a new two-year high in the previous trading day.
Last month, investment firm JPMorgan turned bullish for Sasol Ltd. (NYSE:SSL), upgrading its price target by 122 percent and upgrading its rating to “overweight” from “underweight” previously, on expectations that the latter would benefit from the recent oil price surge and continued supply issues.
2. Venture Global Inc. (NYSE:VG)
Venture Global ended two straight days of gains on Wednesday, shedding 9.69 percent to close at $14.44 apiece, as investors sold off positions in oil and gas companies after the easing tensions between the US and Iran.
Late on Tuesday, President Donald Trump announced that the US and Iran have agreed to a two-week ceasefire on condition of the latter reopening the Strait of Hormuz.
The strait is a critical waterway passage where 20 percent of global crude oil demand passes through. Since the start of the war, it was ordered shut under Iranian control, sending prices of global crude oil and natural gas soaring, as shipping giants were forced to look for alternative paths to transport the said commodities.
For weeks, oil and gas companies, including Venture Global Inc. (NYSE:VG) have benefitted from the war amid the supply disruptions that sent prices soaring.
In other news, Venture Global Inc. (NYSE:VG) late last month announced that it finally settled an arbitration case filed by Edison SpA in relation to its failure to supply the latter with liquefied natural gas (LNG) from its Calcasieu Pass facility in Louisiana within the committed time.
The two companies inked a long-term LNG supply contract in 2017, with deliveries supposed to begin around 2022 to 2023.
Venture Global Inc. (NYSE:VG) said that completion of the settlement is expected this quarter, with LNG deliveries targeted for next month.
“The agreement represents a significant step in strengthening commercial cooperation between the parties and it establishes a foundation for further future deliveries in the context of the disruption caused by ongoing geopolitical events,” Venture Global Inc. (NYSE:VG) said.
“Both parties welcome this agreement, as it further consolidates long‑term deliveries and enhances the commercial partnership between Venture Global and Edison, which is an important foundational customer of the Calcasieu Pass project. The parties look forward to continuing to work together to pursue Venture Global’s mission of stabilizing global LNG/gas markets and to further consolidate Edison’s role in guaranteeing the stability and security of Italy’s energy supply,” it noted.
1. APA Corp. (NASDAQ:APA)
APA Corp. fell by 9.80 percent on Wednesday to finish at $38.75 apiece, mirroring the decline on crude oil prices after the US and Iran agreed to a two-week ceasefire.
APA Corp. (NASDAQ:APA) fell alongside its energy counterparts following President Donald Trump’s announcement that the US and Iran have agreed to a two-week ceasefire on condition of the latter reopening the Strait of Hormuz.
The strait is a critical waterway passage where 20 percent of global crude oil demand passes through. Since the start of the war, it was ordered shut under Iranian control, sending prices of global crude oil and natural gas soaring, as shipping firms were forced to look for alternative paths to transport the said commodities.
Over the past weeks since the war started, APA Corp. (NASDAQ:APA) and its oil and gas peers have benefitted from the price surge, sparking buying appetite for their stocks as investors bet that it would propel their profit margins higher for the first quarter.
In other news, APA Corp. (NASDAQ:APA) said that shareholders on record as of April 22, 2026 are set to receive $0.25 worth of dividends per share held, payable on May 22.
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