In this article, we are going to discuss the energy stocks that are losing this week.
The S&P energy index largely remained flat over the last week between December 17 and December 24, while the S&P 500 posted gains of over 3% during the period. The underperformance is largely driven by the recent decline in global crude oil prices, which plunged to near five-year lows last week due to the recent weak jobs data by the Bureau of Labor Statistics and oversupply concerns.
While oil prices have since experienced a slight rebound on the back of escalating geopolitical tensions and the Commerce Department’s recent stronger-than-expected GDP data, they remain weighed down, as supply is expected to outpace demand next year. Moreover, the continued efforts on a Russia-Ukraine peace deal are also putting pressure on global crude oil prices, as such an agreement could potentially allow Moscow to export its oil to an already oversupplied market without the risk of Western sanctions.
Our Methodology
To collect data for this article, we used several stock screeners to identify energy stocks that have fallen the most between December 17 and December 24, 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.
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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
9. Occidental Petroleum Corporation (NYSE:OXY)
Share Price Decline Between Dec. 17 – Dec. 24: 1.55%
Occidental Petroleum Corporation (NYSE:OXY) is an independent exploration and production company with assets primarily in the United States, the Middle East, and North Africa.
Occidental Petroleum Corporation (NYSE:OXY) has received some negative attention from analysts over the past couple of weeks. On December 12, UBS lowered its price target on OXY from $45 to $43, but maintained a ‘Neutral’ rating on the shares. Following three lackluster years, the analyst believes that the energy sector is positioned well for a stronger performance in 2026, driven by the improving oil and natural gas outlooks, M&A-driven value creation, cost and capex efficiencies, emerging OFS opportunities, and attractive valuations. While the firm favors natural gas exploration and production stocks, it expects the positive momentum to spill broadly across oil E&Ps and OFS.
Earlier on December 11, BofA analyst Jean Ann Salisbury also trimmed the firm’s price target on Occidental Petroleum Corporation (NYSE:OXY) from $45 to $44, while maintaining a ‘Neutral’ rating on the shares.
8. Dominion Energy, Inc. (NYSE:D)
Share Price Decline Between Dec. 17 – Dec. 24: 1.83%
Dominion Energy, Inc. (NYSE:D) provides regulated electricity service to 3.6 million homes and businesses in Virginia, North Carolina, and South Carolina, and regulated natural gas service to 500,000 customers in South Carolina.
Dominion Energy, Inc. (NYSE:D) was dealt a blow on December 22 when the Trump administration suspended leases for five large offshore wind projects that are under construction off the US East Coast, including Dominion’s Coastal Virginia Offshore Wind project. The government has made the decision, citing national security concerns, warning that large turbines could interfere with military and aviation radar systems and make it hard to identify and locate security threats.
Expected to be completed next year, the Coastal Virginia Offshore Wind project is the largest project of its kind in the US. The 2.6 GW project is expected to meet the dramatically growing energy needs in Virginia, catering to the largest cluster of data centers in the world. Dominion Energy, Inc. (NYSE:D) has now received an order to halt work on the facility for 90 days, further delaying a project that has already been more than ten years in the works.
In other news, on December 16, Morgan Stanley analyst David Arco lowered the firm’s price target on Dominion Energy, Inc. (NYSE:D) from $65 to $62, but maintained its ‘Equal Weight’ rating on the shares.
7. San Juan Basin Royalty Trust (NYSE:SJT)
Share Price Decline Between Dec. 17 – Dec. 24: 2.33%
San Juan Basin Royalty Trust (NYSE:SJT) operates as an express trust that holds a 75% net overriding royalty interest in oil and natural gas properties in the San Juan Basin of northwestern New Mexico. The company distributes monthly royalty income to unit holders.
San Juan Basin Royalty Trust (NYSE:SJT) faced downward pressure on December 19 when the company reported that it would not declare any cash distributions for December, citing excess production costs and low natural gas prices.
The company reported gross excess production costs of approximately $8.4 million, which were accrued as a result of Hilcorp drilling of two new horizontal wells in 2024. The Trust clarified that it would not make any cash distributions until it has repaid the balance of excess production costs, replenished a reserve of $2 million, and repaid the principal and interest on the Trust’s line of credit at Texas Bank.
Despite the recent decline, the share price of San Juan Basin Royalty Trust (NYSE:SJT) has jumped by 31% since the beginning of 2025.
6. Riley Exploration Permian, Inc. (NYSEAMERICAN:REPX)
Share Price Decline Between Dec. 17 – Dec. 24: 3.1%
Next on our list of Energy Stocks that Lost This Week is Riley Exploration Permian, Inc. (NYSEAMERICAN:REPX). It is a growth-oriented, independent oil and natural gas company focused on horizontal drilling of conventional oil-saturated and liquids-rich formations in the Permian Basin.
Riley Exploration Permian, Inc. (NYSEAMERICAN:REPX) received a boost on December 16 when its Board of Directors authorized a $100 million share repurchase program, which will run over a 24-month period.
Bobby Riley, Chairman and CEO of Riley Exploration Permian, Inc. (NYSEAMERICAN:REPX), stated:
“We’re excited to introduce a share repurchase program as another means of returning capital to shareholders in addition to our quarterly dividends. With the closing of Riley Permian’s previously-announced midstream sale, we are well-positioned to pursue opportunities to unlock value and maximize shareholder returns. The share repurchase program highlights our confidence in continued excellent operational performance and financial strength.”
However, Riley Exploration Permian, Inc. (NYSEAMERICAN:REPX) slipped after an SEC filing disclosed that the company’s CEO, Bobby Riley, had executed a notable insider transaction on December 18, selling 20,000 shares of the company’s stock at an aggregate market value of $531,600. The timing of the two events indicated that the energy operator’s top leader had possibly taken advantage of the price increase created as a result of the buyback to unwind his personal holdings, shaking investor confidence.
5. Profrac Holding Corp (NASDAQ:ACDC)
Share Price Decline Between Dec. 17 – Dec. 24: 4.06%
ProFrac Holding Corp. (NASDAQ:ACDC) is a technology-focused energy services company operating in the United States.
ProFrac Holding Corp. (NASDAQ:ACDC) slid on December 15 when Morgan Stanley assumed coverage of the stock with an ‘Underweight’ rating and a price target of $3.5, indicating a downside potential of over 7% from the current share price. The analyst noted that while energy services stocks have rebounded from their lows after having a tough 2025, it is still ‘too early to step in’ since the firm expects shorter-cycle North American onshore spending to remain tight due to the uncertain oil backdrop.
It is worth noting that global crude prices fell to their lowest levels since February 2021 last week, driven by recent weak employment data from the Bureau of Labor Statistics and concerns about oversupply. While the oil price has since witnessed a slight rebound, the prospects of a potential peace deal in the Russia-Ukraine war continue to weigh on it.
4. Tenaris S.A. (NYSE:TS)
Share Price Decline Between Dec. 17 – Dec. 24: 4.25%
Tenaris S.A. (NYSE:TS) is the leading manufacturer of pipes and related services for the global energy industry and certain other industrial applications. The company also supplies pipes and tubular components for low-carbon energy applications.
Morgan Stanley assumed coverage of Tenaris S.A. (NYSE:TS) on December 15 with an ‘Underweight’ rating and a price target of $36, up from $35. While energy services stocks have rebounded from their lows, the analyst firm advises caution, as it expects shorter-cycle North American onshore spending to remain limited due to an uncertain oil backdrop.
On the same day, Goldman Sachs analyst Michele Della Vigna initiated coverage of Tenaris S.A. (NYSE:TS) with a ‘Neutral’ rating and a price target of $43.6. The analyst firm sees few growth drivers for the stock in the short term and expects it to be less favorably positioned heading into 2026, given its higher exposure to US shale.
It is worth noting that analysts have recently warned that U.S. shale may suffer a reversal of fortunes in the current low-price environment, given its high production costs and low recovery rates relative to conventional oil.
3. Helix Energy Solutions Group, Inc. (NYSE:HLX)
Share Price Decline Between Dec. 17 – Dec. 24: 5.11%
Helix Energy Solutions Group, Inc. (NYSE:HLX) is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention.
Helix Energy Solutions Group, Inc. (NYSE:HLX) faced downward pressure on December 18 when the company announced that its long-standing President and CEO, Owen Kratz, had informed the Board of his intention to retire. Mr. Kratz joined the company (then known as Cal Dive International) in 1984 and has been serving as its CEO since 1997. To ensure leadership continuity and a smooth transition, he will continue in his role until the Board has appointed his successor.
In other news, Helix Energy Solutions Group, Inc. (NYSE:HLX) announced on December 22 that it has secured a multi-year contract with a major operator for riserless plug-and-abandonment (P&A) operations on up to 34 subsea wells in the UK North Sea. The work under the contract is scheduled to commence next year and will include pipeline flushing and disconnection, as well as well P&A.
Scotty Sparks, Executive Vice President and COO of Helix Energy Solutions Group, Inc. (NYSE:HLX), stated:
“This new multi-year and multi-well award demonstrates Helix’s position as a leading decommissioning provider in the North Sea and globally. By leveraging our integrated assets and industry-leading operational track-record, we are proud to support our client in executing a safe and cost-effective decommissioning program.”
2. Cosan S.A. (NYSE:CSAN)
Share Price Decline Between Dec. 17 – Dec. 24: 7.4%
Cosan S.A. (NYSE:CSAN) is a Brazilian conglomerate engaged in fuel distribution. It operates through Raízen, Compass, Moove, Rumo, and Radar segments.
Cosan S.A. (NYSE: CSAN) has continued on a downward trajectory since December 5, when former Brazilian President Jair Bolsonaro endorsed his son, Senator Flavio Bolsonaro, as the far-right candidate for the presidential election scheduled for next October. The news came as a surprise to many, as it had been expected that the former president would nominate São Paulo Governor Tarcísio de Freitas, viewed as a more market-friendly, execution-minded candidate who might restore fiscal discipline after 2027.
As a result, the country’s benchmark stock index Bovespa, which had hit a record of more than 164,000 points, plunged by over 4.3% on the same day, with the Brazilian Real also slipping by as much as 3% against the US dollar.
Moreover, Senator Flavio Bolsonaro added to the skepticism later on by suggesting that he could exit the presidential elections race for the right ‘price’, while his allies pushed in Congress to reduce his father’s 27-year prison sentence. However, the senator has since retracted his statement and reaffirmed his commitment to the candidacy. Moreover, he has been busy organizing meetings with the country’s business and finance leaders to address concerns over his economic policies.
Following the recent plunge driven by Brazil’s political and economic uncertainty, the share price of Cosan S.A. (NYSE:CSAN) has fallen by over 34% since the beginning of 2025.
1. New Fortress Energy Inc. (NASDAQ:NFE)
Share Price Decline Between Dec. 17 – Dec. 24: 11.54%
Topping our list of Energy Stocks that Fell This Week is New Fortress Energy Inc. (NASDAQ:NFE). The company owns and operates natural gas and LNG infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets.
New Fortress Energy Inc. (NASDAQ:NFE) made headlines and soared earlier this month when the company announced that it had secured final approval for its long-anticipated 7-year LNG agreement with Puerto Rico. The news came at a critical time for NFE, which had been making strong efforts to negotiate an out-of-court restructuring with its creditors and had revealed last month that it may seek bankruptcy protection in the US if negotiations don’t succeed.
However, New Fortress Energy Inc. (NASDAQ:NFE) has now again witnessed a downturn after the company revealed on December 17 that it failed to make a scheduled interest payment to some lenders due December 10, 2025. Moreover, it also informed lenders that it didn’t plan to make principal payments due at year-end. NFE has now struck a forbearance agreement with certain lenders that expires on January 9, 2026, after which they could demand immediate payment and force the company into a restructuring.
Despite the positive news earlier this month, New Fortress Energy Inc. (NASDAQ:NFE)’s current debt situation could lead to potentially adverse consequences for shareholders. Given the company’s financial challenges, S&P lowered its issuer credit rating on NFE from ‘CCC-’ to ‘SD’ (‘Selective Default’) on December 23, in addition to trimming its assessment of the company’s liquidity from ‘less than adequate’ to ‘weak’. The rating agency believes that ‘a debt restructuring that is tantamount to a default will likely occur within the next few weeks’.
While we acknowledge the potential of NFE 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 NFE and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: Retirement Stock Portfolio: 11 Energy Stocks to Buy and 11 Best Utility Stocks to Invest in 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.
Hedge Fund Resource Center