In this article, we are going to discuss the energy stocks that are losing this week.
The overall energy sector fell by almost 4% between September 26 and October 3, compared to an uptick of around 1% in the overall market. The downturn is primarily due to a decline in global crude oil prices, with the WTI crude oil futures hitting a 4-month low this week.
The expectations of accelerated supply hikes from the OPEC+ and a potential US government shutdown have continued to weigh down the market recently, offsetting the short-term geopolitical tensions between Russia and Ukraine.
However, the OPEC+ has now announced that it would increase its production by a modest 137,000 barrels a day next month as group leaders Saudi Arabia and Russia overcame a difference in position.
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 September 26 and October 3, 2025. The following are the Energy Stocks that Lost 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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10. Targa Resources Corp. (NYSE:TRGP)
Share Price Decline Between Sep. 26 – Oct. 3: 6.83%
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) suffered a setback last month after BofA reduced the stock’s price target from $220 to $200, while maintaining a ‘Buy’ rating on its shares. Additionally, the decline in oil prices over the last week has also contributed to the stock’s downfall.
That said, Targa Resources Corp. (NYSE:TRGP) remains focused on growth and announced this week that it is moving forward with plans to construct the Speedway NGL Pipeline and a new gas processing plant to support its growing production in the Permian basin. The estimated cost of the projects has been reported at $1.6 billion. Moreover, the company also revealed that it will move forward with the construction of the 275 million cubic feet per day Yeti gas processing plant in the Permian Delaware Basin.
9. Vital Energy, Inc. (NYSE:VTLE)
Share Price Decline Between Sep. 26 – Oct. 3: 6.92%
Vital Energy, Inc. (NYSE:VTLE) is an independent energy company that engages in the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas.
Vital Energy, Inc. (NYSE:VTLE) faced a slight downturn last week following an almost 8% decline in the WTI crude oil price, as the rising output from OPEC+ and a potential US government shutdown continue to weigh on the market.
Moreover, Mizuho recently lowered its price target for Vital Energy, Inc. (NYSE:VTLE) from $22 to $19, while maintaining a ‘Neutral’ rating on its shares. The move comes as the firm adjusted ratings in the integrated oil space after updating its commodity price outlook and valuations.
Vital Energy, Inc. (NYSE:VTLE) made headlines this August after it was reported that Crescent Energy has agreed to acquire the company in an all-stock deal, valued at around $3.1 billion, including debt.
8. Ovintiv Inc. (NYSE:OVV)
Share Price Decline Between Sep. 26 – Oct. 3: 7.07%
Ovintiv Inc. (NYSE:OVV) is a leading North American exploration and production company focused on developing its high-quality, multi-basin portfolio.
Ovintiv Inc. (NYSE:OVV) suffered a setback this week after JP Morgan analyst Arun Jayaram lowered the stock’s price target from $50 to $47, while maintaining an ‘Overweight’ rating on its shares. Additionally, the declining global crude oil prices over the last week also seem to have weighed the stock down.
However, Ovintiv Inc. (NYSE:OVV) continues to reward its shareholders and recently announced that it has received the necessary regulatory approvals for the renewal of its share buy-back program. The company intends to purchase up to 22.29 million common shares over the next year, representing 10% of its public float as of September 26, 2025.
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.
6. Permian Resources Corporation (NYSE:PR)
Share Price Decline Between Sep. 26 – Oct. 3: 7.97%
Next on our list of Energy Stocks that are Losing This Week is Permian Resources Corporation (NYSE:PR), an independent oil and natural gas company with operations focused in the Permian Basin, with assets concentrated in the core of the Delaware Basin.
Permian Resources Corporation (NYSE:PR) witnessed a downturn this week, possibly due to a decline in global oil prices. The WTI crude oil price recently fell by almost 8% to a 4-month low as the rising output from OPEC+ and a potential US government shutdown continued to weigh on the market, offsetting short-term geopolitical tensions.
On a more positive note, Scotiabank analyst Paul Cheng recently initiated coverage of Permian Resources Corporation (NYSE:PR) with an ‘Outperform’ rating and a price target of $21. According to the analyst, the energy company is positioned for greater free cash flow growth and has a deeper inventory relative to peers.
Moreover, as of the writing of this piece, Permian Resources Corporation (NYSE:PR) boasts an impressive annual dividend yield of 4.77%, putting it on our list of the 15 Best Natural Gas and Oil Dividend Stocks to Buy Now.
5. Matador Resources Company (NYSE:MTDR)
Share Price Decline Between Sep. 26 – Oct. 3: 8.14%
Matador Resources Company (NYSE:MTDR) is an independent energy company engaged in the exploration, development, production, and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays.
Matador Resources Company (NYSE:MTDR) fell this wee,k possibly due to a decline in the global prices of oil, with the WTI crude oil price tumbling to its 4-month low. The downturn comes amidst expectations that the OPEC+ may accelerate supply hikes, coupled with a potential US government shutdown. However, the stock witnessed a slight rebound this week after the company announced a change in leadership, with Mr. Robert T. Macalik promoted to Executive Vice Chairman and Chief Financial Officer.
Following the recent downturn, the share price of Matador Resources Company (NYSE:MTDR) has fallen by over 22% since the beginning of 2025.
4. Sabine Royalty Trust (NYSE:SBR)
Share Price Decline Between Sep. 26 – Oct. 3: 8.27%
Sabine Royalty Trust (NYSE:SBR) holds royalty and mineral interests in various producing oil and gas properties in the United States.
Sabine Royalty Trust (NYSE:SBR) fell this week after the company announced its monthly dividend at $0.3689 per share, down almost 37% from last month’s distribution of $0.5841 per share. The lower payout comes primarily due to a decrease in oil and natural gas production in July 2025, along with a decline in oil pricing.
The company produced 48,527 barrels of oil in July at an average price of approximately $65.48 per barrel in July, compared to 97,403 at $68.79 in the previous month. However, the impact was partially offset by an increase in natural gas pricing.
3. Houston American Energy Corp. (NYSEAMERICAN:HUSA)
Share Price Decline Between Sep. 26 – Oct. 3: 9.05%
Houston American Energy Corp. (NYSEAMERICAN:HUSA) is an oil and gas exploration and production company, expanding into low-carbon fuels and chemicals.
Houston American Energy Corp. (NYSEAMERICAN:HUSA) dipped this week, possibly due to a decrease in the global prices of crude oil, with WTI crude oil futures falling to their 4-month low as the rising output from OPEC+ and a potential US government shutdown continued to put downward pressure on the market.
However, on a positive note, Houston American Energy Corp. (NYSEAMERICAN:HUSA) recently reported that production from its State Finkle Unit wells has commenced, with the first revenue received. The company announced plans to participate in the drilling of six wells in June 2024 and received its first royalties from production at the initial wells last month.
Following the recent downturn, the share price of Houston American Energy Corp. (NYSEAMERICAN:HUSA) has plunged by over 53% since the beginning of 2025.
2. Northern Oil and Gas, Inc. (NYSE:NOG)
Share Price Decline Between Sep. 26 – Oct. 3: 9.47%
Northern Oil and Gas, Inc. (NYSE:NOG) is the largest publicly traded, non-operated, upstream energy asset owner in the United States that engages in the acquisition, exploration, development, and production of oil and natural gas properties.
Northern Oil and Gas, Inc. (NYSE:NOG) slumped this week after a decline in the price of oil, with the WTI crude oil price falling by almost 8% to its 4-month low. The expectations of accelerated supply hikes by the OPEC+, coupled with a potential US government shutdown, have weighed down the market.
Northern Oil and Gas, Inc. (NYSE:NOG) recently issued $725 million in 7.875% Senior Notes due 2033, with interest payable semi-annually starting April next year. The company also announced that holders of over 97% of its 8.125% Senior Notes due 2028 have tendered their notes in response to the company’s tender offer. It accepted almost $685 million of these notes for payment using proceeds from the new 2033 notes issuance.
1. Empire Petroleum Corporation (NYSEAMERICAN:EP)
Share Price Decline Between Sep. 26 – Oct. 3: 9.52%
Topping our list of Energy Stocks Losing the Most This Week is Empire Petroleum Corporation (NYSE:EP), a conventional oil and natural gas producer with a main focus in the US onshore.
Empire Petroleum Corporation (NYSE:EP) surged by almost 20% last month due to an increase in crude oil prices amid the escalating tensions between Russia and Ukraine. However, oil prices have fallen to their 4-month low since then as the accelerated supply hikes from the OPEC+ and a potential US government shutdown continued to weigh down the market.
Moreover, Empire Petroleum Corporation (NYSE:EP) recently issued a $4 million promissory note to investor Phil E. Mulacek, with $2 million already advanced. The note carries a 5.5% annual interest and includes options for conversion into common stock and prepayment without penalty.
While we acknowledge the potential of EP 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 EP and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 15 Best Natural Gas and Oil Dividend Stocks to Buy Now and 12 Best LNG Stocks to Buy According to Hedge Funds.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
