In this article, we are going to discuss the energy stocks that are losing this week.
The energy sector suffered a massive blow this week after the West Texas Intermediate (WTI) crude price plunged even further to just over $57, a level it last hit in 2021 during the COVID-19 pandemic. The sharp decline comes as a result of OPEC+ announcing a larger-than-expected output increase for June. This follows a similar production boost announced for May, meaning that the group is now bringing more than 800,000 bpd of additional supply to the market over the course of two months.
Instead of acting like a stabilizing force in global oil markets, Saudi Arabia has now adopted an aggressive strategy aimed at disciplining overproducing members like Kazakhstan and Iraq, and expanding its own market share. This could also be a part of the country’s efforts to build good relations with Donald Trump, who has repeatedly called on Riyadh to increase production and bring prices down.
Goldman Sachs has now cut its forecast for US crude prices this year by $3 to $56 per barrel. With oil currently hovering around the $58 mark, many US shale producers will struggle to break even, forcing them to potentially stop drilling and cut jobs. In fact, two big American shale producers revealed earlier this week that they are cutting capital expenditure in response to sliding oil prices, prompting industry warnings that US production had peaked and could begin to decline.
Our Methodology
To collect data for this article, we have referred to several stock screeners to find energy stocks that have fallen the most between April 30 to May 7, 2025. The following are the Energy Stocks that Lost the Most This Week. The stocks are ranked according to their share price decline during this period.
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10. SM Energy Company (NYSE:SM)
Share Price Decline Between Apr. 30 – May. 7: 6.98%
SM Energy Company (NYSE:SM) is an independent energy company focused on the exploration, exploitation, development, acquisition, and production of natural gas and crude oil in the United States.
The share price of SM Energy Company (NYSE:SM) took a hit despite the company reporting positive financial results last week. SM posted an adjusted EPS of $1.76 and beat estimates by $0.14. The company’s revenue of $844.54 million was also up by over 50% YoY and topped expectations by $20.74 million. SM has outlined plans to increase oil production by 30% in FY 2025, with its capex guidance maintained at $1.3 billion. So the recent downturn in stock price could be a result of wider investor concerns regarding the oil and gas industry.
9. Targa Resources Corp. (NYSE:TRGP)
Share Price Decline Between Apr. 30 – May. 7: 7.03%
Targa Resources Corp. (NYSE:TRGP) is a leading provider of midstream services and is one of the largest independent infrastructure companies in North America.
Targa Resources Corp. (NYSE:TRGP) missed forecasts in its Q1 2025 results reported last week, posting an EPS of $0.97 against expectations of $1.98. The company’s revenue of $4.56 billion also fell below estimates by $337.16 million. That said, the firm’s adjusted EBITDA rose by 22% YoY to a record $1.18 billion, while it also raised its quarterly dividend by 33% last month to $1 per share.
8. Coterra Energy Inc. (NYSE:CTRA)
Share Price Decline Between Apr. 30 – May. 7: 7.98%
Coterra Energy Inc. (NYSE:CTRA) is a premier, diversified energy company that engages in the exploration, development, and production of oil, natural gas, and NGLs in the United States.
Coterra Energy Inc. (NYSE:CTRA) reported a mixed performance for its Q1 2025 this week. The company’s adjusted EPS of $0.8 was in line with market expectations, with its net income rising by 46.6% YoY to $516 million. However, the company’s revenue of $1.9 billion fell below estimates by $123.54 million, despite being up by almost 33% YoY. Moreover, the company has stated that it would lower its annual capital expenditure budget due to macroeconomic uncertainty. The firm adjusted its 2025 capex budget to a range of $2 billion to $2.3 billion, down from its previous forecast of $2.1 billion to $2.4 billion.
Despite the recent downturn, Coterra Energy Inc. (NYSE:CTRA) is included among the Top 15 Energy Companies With the Highest Upside Potential.
7. Golar LNG Limited (NASDAQ:GLNG)
Share Price Decline Between Apr. 30 – May. 7: 8.28%
As one of the world’s largest independent owners and operators of marine-based LNG midstream infrastructure, Golar LNG Limited (NASDAQ:GLNG) designs, converts, owns, and operates marine infrastructure that turns natural gas into LNG.
The share price of Golar LNG Limited (NASDAQ:GLNG) surged by over 38% in April following an impressive month, so the recent decline could be due to profit-taking by investors. The firm is making significant progress in Argentina and revealed last week that it has reached FID for the 20-year re-deployment charter of the FLNG Hilli, in order to monetize gas from the Vaca Muerta shale formation. In addition, Golar has also signed definitive agreements with SESA for a 20-year charter for the MKII FLNG. The two FLNG agreements are expected to add around $13.7 billion in earnings backlog to GLNG over the next two decades.
6. Atlas Energy Solutions Inc. (NYSE:AESI)
Share Price Decline Between Apr. 30 – May. 7: 11.68%
Atlas Energy Solutions Inc. (NYSE:AESI) is a leading provider of proppant and logistics services to the oil and gas industry within the Permian Basin of West Texas and New Mexico.
The market reacted negatively after Atlas Energy Solutions Inc. (NYSE:AESI) missed earnings expectations in its Q1 2025 results reported this week. The company’s adjusted EPS of $0.03 fell significantly below estimates of $0.18, while its net income declined by over 95% YoY to around $1.22 million. However, AESI’s revenue surged by over 54.46% YoY to $297.6 million and topped expectations by $6.4 million.
5. Empire Petroleum Corporation (NYSEAMERICAN:EP)
Share Price Decline Between Apr. 30 – May. 7: 13.94%
Next on our list of Energy Stocks Losing the Most This Week is Empire Petroleum Corporation (NYSEAMERICAN:EP), a conventional oil and natural gas producer with a main focus in the US onshore.
The share price of Empire Petroleum Corporation (NYSEAMERICAN:EP) has plunged by more than 26% over the last month after the company reported a net loss of $16.2 million in FY 2024, against a net loss of $12.5 million the year before. However, EP posted net production volumes of 1,581 barrels of oil per day for last year, up 22% from the same period in 2023. The company’s product revenue for 2024 also grew by 10% YoY, coming in at $44 million.
4. Select Water Solutions, Inc. (NYSE:WTTR)
Share Price Decline Between Apr. 30 – May. 7: 14.32%
Select Water Solutions, Inc. (NYSE:WTTR) is a leader in water management and chemical technology to customers in the oil and gas industry, as well as in other industrial applications.
The share price of Select Water Solutions, Inc. (NYSE:WTTR) took a major hit despite the company posting strong results for its Q1 2025 this week. Select’s adjusted EPS of $0.13 beat forecasts by $0.07, while its revenue of $374.38 million managed to top expectations by $13.6 million. However, the company has stated that due to the fluctuating macroeconomic outlook, it now expects the growth trajectory for its Water Infrastructure segment to be towards the lower end of its previously guided range for both revenue and gross profit growth during 2025.
3. Greenfire Resources Ltd. (NYSE:GFR)
Share Price Decline Between Apr. 30 – May. 7: 15.45%
Greenfire Resources Ltd. (NYSE:GFR) is an oil sands producer actively developing its long-life and low-decline thermal oil assets in the Athabasca region of Alberta, Canada.
Greenfire Resources Ltd. (NYSE:GFR) missed profit estimates in its Q1 2025 results reported this week, with its EPS of $0.17 falling below expectations by $0.06. The company also highlighted a decrease in bitumen production to 17,495 bbls/d, a 10% drop from the previous quarter. Greenfire has revealed challenges in its Expansion Asset, where production in the first quarter decreased by 21% compared to the previous quarter, primarily due to steam generation downtime and production declines following the 2024 Refill program.
2. Vivakor, Inc. (NASDAQ:VIVK)
Share Price Decline Between Apr. 30 – May. 7: 16.67%
Vivakor, Inc. (NASDAQ:VIVK) is an integrated provider of energy transportation, storage, reuse, and remediation services.
The stock of Vivakor, Inc. (NASDAQ:VIVK) surged by over 43% last month after the company reported impressive results for its Q4 2024, posting a revenue of $41.7 million, up by 201% YoY, while its gross profit also grew by a staggering 746% YoY. Moreover, the energy firm ended the year with a projected annual revenue run-rate exceeding $160 million, marking the highest level of contracted revenue in its history. So the recent downturn in share price could be a result of investors booking their profits, combined with the overall bearish sentiment surrounding the oil sector.
1. Nine Energy Service, Inc. (NYSE:NINE)
Share Price Decline Between Apr. 30 – May. 7: 26.1%
Topping our list of Energy Stocks that Lost the Most This Week is Nine Energy Service, Inc. (NYSE:NINE), which operates as an onshore completion services provider that targets unconventional oil and gas resource development in North American basins and internationally.
Nine Energy Service, Inc. (NYSE:NINE) plunged to its 52-week low after the company missed earnings estimates in its Q1 2025, reporting an EPS of -$0.18 against expectations of -$0.15. However, the company’s revenue of $150.47 million managed to top estimates by $1.27 million. Moreover, NINE has revealed that it expects its Q2 revenue and earnings to be lower compared to Q1, as a result of the current uncertainty created by declining oil prices and activity declines.
Overall, Nine Energy Service, Inc. (NYSE:NINE) ranks first on our list of the energy stocks that lost the most this week. While we acknowledge the potential of energy companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NINE but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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