We recently published an article titled Why These Energy Stocks are Losing This Week. In this article, we are going to take a look at where Civitas Resources, Inc. (NYSE:CIVI) stands against the other energy stocks.
President Donald Trump’s 10% tariff on Canadian energy went back into effect today, and while the United States is a major energy producer itself, it is highly reliant on imports from its northern neighbor.
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Canada supplies 60% of America’s oil imports, about 4 million barrels a day, making it the largest crude oil supplier to the US. Canada is also responsible for nearly all of the US natural gas imports and the two countries even share an integrated electricity grid, significantly bolstering grid resilience and economic efficiency. Hence, President Trump’s tariffs are expected to have serious consequences on the energy prices in the US in the coming days, raising concerns about energy stability and inflation in the country.
The said tariffs are expected to significantly impact the American oil refining sector, especially in the Midwest, which is highly dependent on imports of heavy Canadian crude. The CEO of a major US oil refiner recently stated that the major brunt of the tariffs will be borne by the producers and then to a lesser extent by the consumers, further reducing margins for an industry that already struggled last year.
The broader energy sector has surged by 0.73% over the last year, significantly lagging behind gains of over 14% by the wider market, as of the close of March 3, despite the recent selloff on Monday.
Methodology:
To collect data for this article, we have referred to several stock screeners to find energy stocks that have fallen the most between February 24 to March 3, 2025. The stocks are ranked according to their YTD share prices. Following are the Energy Stocks that Lost the Most This Week.
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A close up of a tanker truck transporting crude oil, natural gas liquids, and natural gas.
Civitas Resources, Inc. (NYSE:CIVI)
Share Price Decline Between Feb. 24 and Mar. 3: 28.6%
Civitas Resources, Inc. (NYSE:CIVI) is an oil and gas exploration and production company with assets in Colorado and Texas. The company had a tough Q4 2024 as it reported a Non-GAAP EPS of $1.78, missing estimates by $0.21. Its revenue came in at $1.29 billion, below market expectations by $10 million. Moreover, the company is aiming to lower average annual oil volumes by approximately 3 MBbl/d as compared to 2024, raising concerns among investors and analysts.
As a result of the lower-than-expected results and forecast, Civitas Resources, Inc. (NYSE:CIVI) was downgraded by KeyBanc Capital Markets from Overweight to Sector Weight.
Overall CIVI ranks 3rd our list of the energy stocks that are losing this week. While we acknowledge the potential of CIVI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CIVI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
