In this article, we are going to discuss the energy stocks that are gaining this week.
The S&P Energy index shot up by 3.38% between February 23 and March 2, compared to gains of $0.64% posted by the overall S&P 500 during the period. The spike has been driven by the sharp surge in global crude oil prices following the ongoing supply concerns in the Middle East.
The WTI crude oil futures have surged by almost 16% since February 27 and are currently hovering at just under $76 under barrel as the Iran crisis continues to escalate. Tehran has retaliated to the US-Israel strikes by effectively blocking the Strait of Hormuz, a move that threatens to choke a fifth of the global oil and LNG supply. Moreover, the flurry of Iranian drone attacks has led to the suspension of operations at Saudi Arabia’s biggest domestic oil refinery, LNG facilities in Qatar, most oil production in Iraqi Kurdistan, and several Israeli gas fields, further disrupting energy supply and putting upward pressure on prices.
According to Bloomberg, a prolonged closure of the ever-important waterway of Hormuz could lift oil prices toward $108 per barrel, which would be the highest since Russia’s invasion of Ukraine in 2022.
Our Methodology
To collect data for this article, we have referred to several stock screeners to find energy stocks that have surged the most between February 23 and March 2, 2026. 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. Kodiak Gas Services, Inc. (NYSE:KGS)
Share Price Gains Between Feb. 23 and Mar. 2: 13.09%
Kodiak Gas Services, Inc. (NYSE:KGS) is a leading provider of natural gas contract compression services in the United States, bringing efficiency and reliability to all the major basins.
Kodiak Gas Services, Inc. (NYSE:KGS) soared to an all-time high on March 2 when Goldman Sachs raised its price target on the stock from $46 to $60, while maintaining a ‘Buy’ rating on the shares.
The revision comes after Kodiak Gas Services, Inc. (NYSE:KGS) reported its Q4 2025 results on February 25. While the company’s adjusted earnings of $0.35 per share fell short of estimates by $0.18, its revenue of almost $332.9 million managed to beat forecasts by almost $2 million.
Moreover, Kodiak Gas Services, Inc. (NYSE:KGS) set new records in full-year 2025, including in total revenue, adjusted EBITDA, discretionary cash flow, and free cash flow. The company’s total annual revenue grew by 13% YoY to $1.3 billion, while its adjusted EBITDA surged by 17% YoY to $715 million. Kodiak also generated $230 million of free cash flow in 2025, leading to an industry-leading free cash flow yield and enabling the company to reduce its outstanding debt and achieve its stated leverage ratio goal of 3.5x at year-end.
9. ProPetro Holding Corp. (NYSE:PUMP)
Share Price Gains Between Feb. 23 and Mar. 2: 15.50%
ProPetro Holding Corp. (NYSE:PUMP) is an oilfield services company that engages in the provision of hydraulic fracturing and other complementary services.
ProPetro Holding Corp. (NYSE:PUMP) received a boost on February 12 when Barclays analyst Eddie Kim raised its price target on the stock from $11 to $12, while maintaining an ‘Equal Weight’ rating on the shares. The revision comes after the firm updated the company’s model following the Q4 report.
ProPetro Holding Corp. (NYSE:PUMP) reported strong results for its Q4 2025 on February 18, with its EPS of $0.01 comfortably beating estimates by $0.13. The company’s revenue of almost $290 million also exceeded expectations by around $3.7 million. ProPetro’s adjusted EBITDA increased to $51 million, from $35 million in the previous quarter. Meanwhile, net cash provided by operating activities also surged by 93% sequentially to $81 million.
ProPetro Holding Corp. (NYSE:PUMP) also provided an encouraging update for its PROPWR business, which provides modular onsite power through small turbines and reciprocating engines for oil & gas and data center clients. The segment expanded its total committed capacity to approximately 240 MW at the end of Q4, with expectations to continue to grow that number in 2026. The company expects the segment to grow to at least 750 MW by year-end 2028 and 1 GW or more by the end of 2030.
