We recently published a list of Why These Energy Stocks are Gaining This Week. In this article, we are going to take a look at where Equinor ASA (NYSE:EQNR) stands against other energy stocks that are gaining this week.
Despite the ongoing global tariff war and market fluctuations, the broader energy sector has posted gains of around 1.8% since the beginning of the year, against a decline of around 4.6% by the wider market.
Unlike the downturn in oil, things are looking bullish for the natural gas industry. Gas prices have surged by over 150% YoY this week, prompting US producers to increase output after months of curtailments. Curbed production in 2024, a booming LNG industry, and fast-depleting inventories during the coldest winter in years have been the major drivers behind the uptick in prices. Moreover, after President Trump ended the moratorium on new LNG export permits, these prices are set to go even higher.
The amount of gas flowing to the country’s 8 big LNG export plants has risen to an average of 15.7 billion cubic feet per day (bcfd) so far in March, up from a record 15.6 bcfd last month, as new units enter into service. Just last week, the US Secretary of Energy Chris Wright approved an LNG export permit extension for the Golden Pass LNG Project, marking yet another step towards bolstering America’s dominance as the global energy leader.
Methodology
To collect data for this article, we have referred to several stock screeners to find energy stocks that have surged the most between March 3 and March 10, 2025. The stocks are ranked according to their share price surge during this period.
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A worker in a hard hat standing in front of a giant oil refinery, the stark blue sky and grey refinery in the background.
Equinor ASA (NYSE:EQNR)
Share Price Gains Between Mar. 3 and Mar. 10: 6.58%
Equinor ASA (NYSE:EQNR) is an international energy company headquartered in Norway, with over 23,000 employees in around 30 countries worldwide.
Shares of Equinor ASA (NYSE:EQNR) surged last week after the company made a gas and condensate discovery in the Norwegian Sea, with plans to develop the resources. According to the company, preliminary estimates indicate that the discovery holds recoverable reserves of between 19 million and 44 million barrels of oil equivalent.
The discovery comes after Equinor ASA (NYSE:EQNR) reported strong results for its Q4 2024 and increased its oil and gas production outlook to more than 10% growth from 2024 to 2027.
Overall, EQNR ranks 7th on our list of energy stocks that are gaining this week.. While we acknowledge the potential for EQNR, 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 EQNR 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.
