Why These Energy Stocks Are Losing This Week

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1. HighPeak Energy, Inc. (NASDAQ:HPK)

Share Price Decline Between Jan. 16 – Jan. 23: 14.53%

Topping our list of Energy Stocks that Lost this Week is HighPeak Energy, Inc. (NASDAQ:HPK). It is an independent oil and natural gas company engaged in the acquisition, development, and production of oil, natural gas, and NGL reserves.

On January 16, BofA lowered its price target on HighPeak Energy, Inc. (NASDAQ:HPK) from $6.50 to $5, while keeping an ‘Underperform’ rating on the shares. Despite the cut, the price target indicates an upside of almost 27% from the current levels. BofA remains cautious on the oil backdrop amid ongoing trade disputes and oversupply issues. Given the low-priced environment, the analyst favors companies with resilient portfolios and low breakevens, which allow them to fully cover their capital expenditures and dividends.

Following the recent downturn, HighPeak Energy, Inc.’s (NASDAQ:HPK) share price has fallen by around 72% over the last year.

While we acknowledge the potential of HPK 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 HPK and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Performing Utility Stocks in 2025 and 11 Best Energy Stocks to Buy for Dividends in 2026.

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