In this article, we are going to discuss the energy stocks that are losing this week.
While the S&P 500 had a strong week with gains of over 2.5% from November 19 to 26, the S&P energy index lagged, with a decline of almost 0.9% over the same period. A major cause of this decline is the recent fall in global oil prices, with WTI crude oil futures currently hovering near a 1-month low of just over $58 per barrel. The primary reason behind this is a potential breakthrough in the Russia-Ukraine conflict, which could lift Western sanctions on Russian crude.
Moreover, according to the latest data from Kpler, the supply growth in the global LNG market is set to outpace the demand increase, which could lead to an LNG glut from the end of 2026 onwards. The excessive supply will lead to a decline in prices, with Kpler forecasting benchmark Asian spot prices to fall from about $12 per million British thermal units (mmBtu) in 2025 to an average of $10 next year.
Our Methodology
To collect data for this article, we used several stock screeners to find energy stocks that have fallen the most between November 19 and November 26, 2025. We present below 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. Ecopetrol S.A. (NYSE:EC)
Share Price Decline Between Nov. 19 – Nov. 26: 5.46%
Ecopetrol S.A. (NYSE:EC) is among the largest companies in Colombia and one of the leading integrated energy groups on the American continent, with more than 19,000 employees.
Ecopetrol S.A. (NYSE:EC) fell short on profit expectations in its Q3 results announced on November 13, with the company’s net profit falling by 30% YoY on the back of weaker sales volumes and lower crude prices.
Ecopetrol S.A. (NYSE:EC)’s total production volume in the quarter dipped by 0.4% YoY to 751 mboed, but still came in near the top of its annual guidance range, driven by key fields in Colombia such as Caño Sur, CPO-09, as well as the Permian in the United States. However, local sales volumes declined by 2.9% YoY, while international sales volumes were down 12.8% compared to last year, primarily due to higher throughput at the refineries and variation in logistics chain inventories.
Global crude oil prices hovering around a one-month low have also put pressure on Ecopetrol S.A. (NYSE:EC), as a potential peace deal in the Russia-Ukraine conflict could ease restrictions on Russian oil and add to the supply glut.
9. Atlas Energy Solutions Inc. (NYSE:AESI)
Share Price Decline Between Nov. 19 – Nov. 26: 5.55%
Atlas Energy Solutions Inc. (NYSE:AESI) engages in the production, processing, and sale of mesh and sand used as proppants during the well completion process in the Permian Basin of West Texas and New Mexico.
Atlas Energy Solutions Inc. (NYSE:AESI) continued on its downward trajectory this week after Goldman Sachs analyst Ati Modak downgraded the stock from ‘Neutral’ to ‘Sell’, while also reducing its price target from $12 to $8. The firm remains cautious about AESI’s FY 2026 growth and forecasts its EBITDA to be around 10% below consensus, on the back of lower sand prices, slower volume growth, and challenging logistics profitability.
This comes after Piper Sandler also lowered its price target on Atlas Energy Solutions Inc. (NYSE:AESI) from $12 to $10 on November 17, but maintained its ‘Neutral’ rating. Earlier on November 14, Barclays also downgraded AESI from ‘Equal Weight’ to ‘Underweight’, while trimming its price target from $11 to $7.
The bearish analyst sentiment stems from Atlas Energy Solutions Inc. (NYSE:AESI) posting unimpressive results for its third quarter earlier this month, with the company falling short of expectations on both earnings and revenue.
8. Tidewater Inc. (NYSE:TDW)
Share Price Decline Between Nov. 19 – Nov. 26: 5.91%
Tidewater Inc. (NYSE:TDW), together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide.
Tidewater Inc. (NYSE:TDW) announced mixed results for its third quarter on November 10. The company reported a loss per share of $0.02 and missed estimates by $0.43, as a nonrecurring debt expense still pushed the company into a net loss. However, its revenue of $341.1 million managed to exceed forecasts by $11.6 million, primarily on the back of a higher-than-expected average day rates and slightly better-than-anticipated utilization. Tidewater also narrowed its 2025 revenue guidance to $1.33 to $1.35 billion and initiated 2026 revenue guidance of $1.32 to $1.37 billion.
The stock then came under pressure on November 12 when Evercore ISI lowered its price target on Tidewater Inc. (NYSE:TDW) from $67 to $65, while maintaining an ‘In Line’ rating on its shares. The analyst is of the view that Tidewater’s early 2026 guidance ‘feels conservative’, but expects a broader industry recovery to be pivotal for the company.
7. Frontline plc (NYSE:FRO)
Share Price Decline Between Nov. 19 – Nov. 26: 6.67%
Frontline plc (NYSE:FRO) is a shipping company that engages in the ownership and operation of oil and product tankers worldwide.
Frontline plc (NYSE:FRO) fell heavily after announcing its third-quarter results on November 21, with the company’s adjusted earnings of $0.19 per share falling below expectations by $0.05. Net profit for the quarter also fell by over 33% YoY due to lower TCE rates and fluctuations in other income and expenses. The shipping firm reported a revenue of $432.6 million, down by almost 12% YoY but still exceeding forecasts by over $163 million.
That said, Frontline plc (NYSE:FRO) still remained committed to its shareholders and declared a quarterly dividend of $0.19 per share on November 24. Moreover, the company has posted a significant rate increase so far in Q4 as the United States moved past peak refinery runs and buyers in Asia sought alternatives to sanctioned Russian crude.
Lars H. Barstad, CEO of Frontline plc (NYSE:FRO), commented:
“The third quarter began in line with seasonal trends, with a typically subdued summer period. However, as the quarter progressed, freight markets strengthened – most notably for VLCCs. The U.S. moved past peak refinery runs, while India increasingly reduced its intake of Russian feedstock, opening up the ton-mile intensive arbitrage between the Americas and Asia. Global oil demand remains resilient, and the gradual reversal of OPEC+ production cuts is beginning to reflect in higher export volumes. Having navigated a modest third quarter, we are encouraged by the strong fundamentals and Frontline’s efficient, spot-focused fleet as we enter the winter market with freight rates at multi-year highs.”
6. Kimbell Royalty Partners, LP (NYSE:KRP)
Share Price Decline Between Nov. 19 – Nov. 26: 7.94%
Kimbell Royalty Partners, LP (NYSE:KRP) engages in owning and acquiring mineral and royalty interests in oil and natural gas properties.
Kimbell Royalty Partners, LP (NYSE:KRP) suffered a blow on November 24 when KeyBanc downgraded the stock from ‘Overweight’ to ‘Sector Weight’, attributing it to the ‘choppy’ oil price environment and minimal Permian oil growth expectations next year. Moreover, the analyst expressed concern regarding the challenges faced by smaller mineral entities that have to compete against large players with a robust appetite for M&A.
Following the recent downturn, the share price of Kimbell Royalty Partners, LP (NYSE:KRP) has fallen by almost 26% since the beginning of 2025.
5. Venture Global, Inc. (NYSE:VG)
Share Price Decline Between Nov. 19 – Nov. 26: 8.24%
Next on our list of Energy Stocks that Lost This Week is Venture Global, Inc. (NYSE:VG), which develops and constructs LNG export projects to provide clean, affordable energy to the world. The company is currently the second-largest LNG exporter in the United States.
On November 24, Citi analyst Spiro Dounis nearly halved the firm’s price target from $16 to $9 while keeping a ‘Neutral’ rating on its shares. The lowered target comes on the back of lower LNG price estimates for next year, as the market braces for a surge in supply, especially from the United States. According to the commodity analysts at Kpler, the global LNG market is heading toward a situation in which demand growth will be outpaced by supply additions, leading to a curb on future investment in new LNG capacity.
That said, Venture Global, Inc. (NYSE:VG) remains optimistic and announced on November 18 that it had filed an application with the U.S. Federal Energy Regulatory Commission for approval to more than double the capacity of its Plaquemines LNG export facility in Louisiana.
4. Sable Offshore Corp. (NYSE:SOC)
Share Price Decline Between Nov. 19 – Nov. 26: 10.82%
Sable Offshore Corp. (NYSE:SOC) is an independent upstream company focused on developing the Santa Ynez Unit in federal waters offshore California.
Sable Offshore Corp. (NYSE:SOC) continued on its downward trajectory and tumbled to a new low after posting a higher-than-expected loss for its Q3 on November 13. The company’s net loss was $110.4 million, primarily due to production restart-related operating expenses and non-cash interest expense. Moreover, it ended the quarter with a cash and cash equivalents balance of $41.6 million, against short-term outstanding debt of $896.6 million, inclusive of paid-in-kind interest.
Sable Offshore Corp. (NYSE:SOC) has also been the subject of negative analyst attention recently. On November 11, Jefferies significantly trimmed its price target on the stock from $38 to $20 while maintaining its ‘Buy’ rating. Earlier on November 10, Roth Capital also reduced its price target on SOC from $26 to $22, while maintaining a ‘Buy’ rating on its shares.
The share price of Sable Offshore Corp. (NYSE:SOC) has fallen by over 82% since the beginning of 2025.
3. LandBridge Company LLC (NYSE:LB)
Share Price Decline Between Nov. 19 – Nov. 26: 12.11%
LandBridge Company LLC (NYSE:LB) actively manages its land and resources to support and encourage oil and natural gas development and other critical land uses
On November 26, Wells Fargo slightly lowered its price target on LandBridge Company LLC (NYSE:LB) from $91 to $90, but maintained an ‘Overweight’ rating on its shares. According to the firm, Landbridge delivered another strong quarter in Q3, with improving visibility for 2026. The analyst highlighted the company’s robust growth outlook for surface-use royalty, while also noting the long-term potential of its accelerating regional data center momentum.
LandBridge Company LLC (NYSE:LB) reported its Q3 results on November 12, with its EPS of $0.24 falling short of estimates by $0.27. However, the company’s revenue of $50.8 million was up 78% YoY and topped expectations, primarily due to growth across all key revenue streams and ‘a high-margin, highly capital-efficient, and asset-light business model’.
However, following the report, Janney Montgomery Scott downgraded the stock from ‘Buy’ to ‘Neutral’ on November 13, while raising its fair value estimate from $63 to $74. Then, LB also came under pressure on November 14 when the company launched an underwritten public offering of 2.5 million Class A shares at $71 per share.
2. Oklo Inc. (NYSE:OKLO)
Share Price Decline Between Nov. 19 – Nov. 26: 13.75%
Backed by OpenAI’s Sam Altman, Oklo Inc. (NYSE:OKLO) develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to customers in the United States.
Oklo Inc. (NYSE:OKLO) was among the nuclear stocks that came under pressure after the success of the latest AI model from Google and amid news of a rumored chip deal between Meta and Alphabet. The nuclear sector, being a primary candidate to power the anticipated surge in energy demand from the AI boom, has received widespread investor attention this year.
The recent success of Gemini 3 has complicated things, as the Tensor Processing Units (TPUs) used to train it are significantly more energy-efficient than the GPUs used so far. If these TPUs become the industry standard, the energy required to power data centers will be much lower than previously expected. This puts nuclear energy startups like Oklo Inc. (NYSE:OKLO) at risk, especially since the company’s share price has already surged by over 300% so far this year, with zero revenue and higher-than-expected losses in its last quarterly report.
However, it needs mentioning that on November 24, Citi analyst Vikram Bagri significantly raised the firm’s price target on Oklo Inc. (NYSE:OKLO) from $68 to $95, while maintaining a ‘Neutral’ rating on the shares, following the Q3 report and a meeting with the company’s management. The updated price target incorporates Oklo’s radioisotope business, with the analyst viewing the nuclear startup as ‘executing on all fronts’.
1. Geospace Technologies Corporation (NASDAQ:GEOS)
Share Price Decline Between Nov. 19 – Nov. 26: 41.2%
Topping our list of Energy Stocks that Lost the Most This Week is Geospace Technologies Corporation (NASDAQ:GEOS). It is a technology-driven, market-leading provider of technology solutions that deliver situational awareness for energy exploration, security and surveillance, and industrial IoT applications.
Geospace Technologies Corporation (NASDAQ:GEOS) fell heavily after announcing its Q4 2025 results on November 20, with the company’s quarterly revenue shrinking by over 13% YoY to $30.7 million. Revenue for the full FY 2025 also declined by more than 18% YoY to $110.8 million. Although Geospace’s net loss for the fourth quarter declined by almost 30% YoY, net loss for the whole year came in at $9.7 million, up from $6.6 million in FY 2024. The company attributed the higher loss to declining demand in the energy solutions segment, driven by continued market uncertainty and lower oil prices.
That said, Geospace Technologies Corporation (NASDAQ:GEOS)’s water solutions segment continued to perform well, beating expectations with double-digit revenue growth for the fourth consecutive year.
Richard “Rich” Kelley, CEO and President of Geospace Technologies Corporation (NASDAQ:GEOS), stated in the company’s Q4 earnings call:
“Continued market uncertainty and volatility in oil prices resulted in lower revenue from Energy Solutions. We experienced another year of reduced offshore exploration, increased competition and consolidation. These factors have led to decreased utilization of our ocean-bottom node rental fleet that has negatively impacted segment revenue. Despite lower revenue, we achieved strategic wins in the segment. As previously announced, we were awarded a major Permanent Reservoir Monitoring (PRM) contract with Petrobras as well as released and completed a major sale of our ultra lightweight land node, Pioneer, to several customers, including Dawson Geophysical, a long-time valued partner. We have a strong backlog going into the next fiscal year and while there are encouraging signs, the short-term exploration market remains uncertain due to continued pressure from low oil prices. However, long-term demand forecasts should drive more favorable market conditions in future periods.”
While we acknowledge the potential of GEOS 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 GEOS and that has 100x upside potential, check out our report about this cheapest AI stock.
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