Why These Energy Stocks Are Losing This Week

2. Drilling Tools International Corporation (NASDAQ:DTI)

Share Price Decline Between Mar. 27 and Apr. 3: 30.66%

Since 1984, Drilling Tools International Corporation (NASDAQ:DTI) has been a leading provider of downhole tools to the land and offshore drilling markets.

The share price of Drilling Tools International Corporation (NASDAQ:DTI) continues to plunge after the company reported mixed results for its Q4 2024. DTI’s EPS of $-0.04 fell below estimates by $0.04, but its revenue of $39.8 million was in line with market expectations. The company’s net loss came in at $1.3 million during the quarter. Another major reason for the stock’s recent decline is the fall in global oil prices and the threat of a looming economic downturn, which could then lead to a slowdown in oil exploration and drilling activities.