Why These Energy Stocks Are Losing This Week

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1. PrimeEnergy Resources Corporation (NASDAQ:PNRG)

Share Price Decline Between June 3 – June 10: 22.26%

Topping our list of Energy Stocks that are Losing This Week is PrimeEnergy Resources Corporation (NASDAQ:PNRG), which engages in the acquisition, development, and production of oil and natural gas properties in the United States.

PrimeEnergy Resources Corporation (NASDAQ:PNRG) crashed last week after Robert de Rothschild, a 10% owner of the company, sold a significant number of shares, amounting to approximately $1,155,612. However, despite such a big move from a major shareholder, the share price of PNRG has gained almost 40% over the last year.

It must be mentioned that PrimeEnergy Resources Corporation (NASDAQ:PNRG) reported impressive results for its Q1 2025 last month, posting a 16.4% YoY uptick in revenue. The energy firm also revealed notable increases in oil, natural gas, and NGL production, while repurchasing $9.17 million worth of shares during the quarter.

While we acknowledge the potential of PNRG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PNRG and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Cheap Energy Stocks to Buy Now and 15 Best Large Cap Energy Stocks to Buy According to Hedge Funds

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