Why These Energy Stocks are Gaining This Week

3. Toro Corp. (NASDAQ:TORO)

Share Price Gains Between Dec. 12 and Dec. 19: 9.27%

Toro Corp. (NASDAQ:TORO) is a growth-oriented shipping company that acquires, owns, charters, and operates oceangoing vessels and provides worldwide energy seaborne transportation services.

Toro Corp. (NASDAQ:TORO) surged earlier this month when the company announced its Q3 results, with its revenue growing by almost 2% YoY to $5.4 million, driven by higher contractual hire rates for its LPG carrier vessels. The shipping operator’s net income also rose by 30% YoY to $1.3 million, while EPS from continuing operations was reported at $0.01, against a loss of $0.01 per share in the same period last year.

More notably, Toro Corp. (NASDAQ:TORO) announced a one-time special dividend of $1.75 per share to shareholders of record as of December 16, payable on January 16, 2025. So, the recent jump in share price could be due to investors picking up the stock before it went ex-dividend.

Following recent gains, Toro Corp. (NASDAQ:TORO) shares have soared by over 965% since the beginning of 2025.