In this article, we are going to discuss the energy stocks that are losing this week.
The S&P Energy index has started the new year on a high, posting gains of 6.78% since the beginning of 2026, compared with a 1.38% surge in the overall S&P 500.
Meanwhile, global crude oil prices have been volatile this week, with WTI crude oil futures settling at $59.4 per barrel as the market weighed lingering geopolitical risks against easing concerns of an immediate US strike on Iran. That said, 2026 may be a difficult year for the global crude oil industry. On January 12, Goldman Sachs maintained its average Brent/WTI price forecasts of $56/$52 per barrel for the year. The investment bank expects the ongoing market surplus to push prices lower, though geopolitical risks tied to Russia, Venezuela, and Iran will continue to drive volatility.
At the same time, US natural gas futures are currently hovering around $3.1 MMBtu, down by over 70% from the multi-year high they hit in early December, after this week’s storage data showed a much smaller withdrawal than forecast, indicating looser supply-demand conditions. The decline has also been driven by a slide in flows to LNG export plants in recent days, reducing a key source of demand for natural gas in America.
Our Methodology
To collect data for this article, we used stock screeners to identify energy stocks that have fallen the most between January 9 and January 16, 2026. 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.
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7. Expand Energy Corporation (NASDAQ:EXE)
Share Price Decline Between Jan. 9 – Jan. 16: 1.72%
Formed in 2024 by the merger of Chesapeake Energy Corporation and Southwestern Energy Company, Expand Energy Corporation (NASDAQ:EXE) operates as an independent natural gas production company in the United States.
Expand Energy Corporation (NASDAQ:EXE) had a setback on January 16 when BofA lowered its price target on the stock from $143 to $125, but maintained a ‘Buy’ rating on the shares. The lowered target comes as the firm reduced its price objectives for the gas-levered E&P group, driven by a rising risk of oversupply in 2027 and lower price forecasts.
Earlier on January 8, UBS analyst Josh Silverstein also cut the firm’s price target on Expand Energy Corporation (NASDAQ:EXE) from $154 to $150, while keeping a ‘Buy’ rating on the shares.
Expand Energy Corporation (NASDAQ:EXE) has also been under pressure over the last month due to a decline in natural gas prices. Natural gas futures fell to a 3-month low of $3.1 per MMBtu on January 16 after storage data showed a much smaller withdrawal than projected, indicating looser supply-demand conditions.
6. Natural Gas Services Group, Inc. (NYSE:NGS)
Share Price Decline Between Jan. 9 – Jan. 16: 2.18%
Natural Gas Services Group, Inc. (NYSE:NGS) specializes in providing high-performance compression solutions tailored to the needs of the oil and natural gas industry.
On January 13, Raymond James downgraded Natural Gas Services Group, Inc. (NYSE:NGS) from ‘Strong Buy’ to ‘Outperform’. However, the analyst also increased the stock’s price target from $34 to $42, indicating an upside of almost 25% from current levels.
Raymond James believes that the compression sector looks to have a healthy runway, driven by an increase in natural gas demand due to growth in the US LNG export capacity, as well as the rising energy consumption by data centers.
Despite having a slow start to the new year, the share price of Natural Gas Services Group, Inc. (NYSE:NGS) has gained by more than 23% over the last 12 months.
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