Why These Energy Stocks are Losing This Week

7. Crescent Energy Company (NYSE:CRGY)

Share Price Decline Between Sep. 26 – Oct. 3: 7.47%

Crescent Energy Company (NYSE:CRGY) engages in the exploration and production of crude oil, natural gas, and natural gas liquids in the United States, with activities focused in Texas and the Rocky Mountain region.

Crescent Energy Company (NYSE:CRGY) gained over 16% last month amid the growing tensions between Russia and Ukraine that raised expectations for supply cuts and higher prices. However, the WTI crude oil price recently fell to a 4-month low, as the rising output from OPEC+ and a potential US government shutdown continued to weigh on the market.

Crescent Energy Company (NYSE:CRGY) made headlines in August after the company announced that it had agreed to acquire Vital Energy in an all-stock deal valued at around $3.1 billion, including debt. The deal, which is expected to close by year-end, is estimated to propel the company’s FY 2026 revenues by 43% YoY to $5.3 billion, with production volume also rising 46% to 386,000 barrels of oil equivalent a day.