In this article, we are going to discuss the energy stocks that are gaining this week.
President Trump’s aggressive trade policies continued to create more opportunities for the American energy sector, following reports on November 17 that India had inked a deal to acquire almost 10% of its liquefied petroleum gas (LPG) imports from the United States. As per the agreement, New Delhi will import roughly 2.2 million tons of LPG per year from the US Gulf Coast, as part of its efforts to reduce its trade surplus with Washington. Moreover, India’s imports of American crude oil also witnessed a sharp uptick in October and reached their highest level since February 2021.
Moreover, the United States also signed a landmark nuclear cooperation pact with Saudi Arabia last week, potentially paving the way for American companies to build reactors in the kingdom.
In other news, global crude oil prices fell on Friday as investors weighed the Trump administration’s push to secure a peace deal between Russia and Ukraine. According to senior officials, the US-backed agreement to end the long-running conflict is making progress, potentially opening the door for Moscow to export its oil to an international market already facing a significant surplus next year.
Our Methodology
To collect data for this article, we used stock screeners to identify energy stocks that have surged the most between November 14 and November 21, 2025. The following are the Energy Stocks that Gained the Most This Week. The stocks are ranked according to their share price surge during this period.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
10. Permian Resources Corporation (NYSE:PR)
Share Price Gains Between Nov 14 – Nov 21: 2.2%
Permian Resources Corporation (NYSE:PR) is an independent oil and natural gas company focused on the development of crude oil and associated liquids-rich natural gas reserves in the United States.
Permian Resources Corporation (NYSE:PR) received a boost on November 14 when Goldman Sachs analyst Neil Mehta raised the firm’s price target on the stock from $17 to $18, while maintaining a ‘Buy’ rating on the shares. The update follows the impressive Q3 results posted by the company earlier this month, with the company reporting strong free cash flow, driven by production outperforming the guidance, a 6% sequential decrease in controllable cash costs, and an 11% YoY decrease in D&C costs due to incremental operational efficiencies.
Then on November 20, Morgan Stanley also raised its price target on Permian Resources Corporation (NYSE:PR) from $18 to $19, while keeping its ‘Overweight’ rating. The uptick comes as the firm adjusted its price targets for North American energy stocks to account for the updated guidance for FY 2025 and preliminary messaging for 2026. Moreover, Morgan Stanley continues to prefer gas over oil stocks, given current commodity price trends.
9. Innovex International, Inc. (NYSE:INVX)
Share Price Gains Between Nov 14 – Nov 21: 3.44%
Established in 2024 following the merger of Dril-Quip and Innovex Downhole Solutions, Innovex International, Inc. (NYSE:INVX) designs and manufactures offshore drilling and production equipment.
Innovex International, Inc. (NYSE:INVX) continued its rally and surged to a 52-week high after Barclays upgraded the stock from ‘Underweight’ to ‘Equal Weight’, while also raising its price target from $14 to $20. According to the analyst, Innovex has organized its business well and achieved ‘key wins’ since the merger with Dril-Quip in September 2024.
Barclays highlighted the consistent free cash generated by Innovex International, Inc. (NYSE:INVX), with the energy operator reporting an 82% YoY growth in free cash flow in the third quarter. The analyst firm also acknowledged the company’s ‘well-timed’ recent strategic moves pivotal to its growth, including its new manufacturing facility in Saudi Arabia and its positioning as the exclusive wellhead partner for OneSubsea. According to Barclays, Innovex shares are now deserving of a premium valuation multiple.
Following the recent uptick, the share price of Innovex International, Inc. (NYSE:INVX) has jumped by almost 58% since the beginning of 2025.
