We recently published a list of Energy Stocks that are Losing This Week. In this article, we are going to take a look at where PrimeEnergy Resources Corporation (NASDAQ:PNRG) stands against other energy stocks that are crashing this week.
After a promising start to the year, the overall energy sector has fallen by almost 5.5% since the beginning of 2025. However, it still beats the 9.9% decline suffered by the wider market. The major reason behind this downturn is the plunge in global crude oil price, caused by the continued uncertainty surrounding the ongoing tariff war, the prospects of an economic slowdown, and the recent decision by OPEC+ to increase supply in May.
The WTI crude oil price, which stood at just over $71 a barrel in the beginning of April, plunged to below $60 before again resurging to around $64.3 currently. To put additional pressure on the sector, the International Energy Agency recently cut its 2025 oil demand growth forecast by 300,000 barrels per day compared to last month, warning the world to ‘buckle up’ amid the escalating trade tensions. Moreover, OPEC also cut its 2025 global oil demand growth forecast for the first time since December last week, expecting the demand to rise by 1.30 million bpd in 2025 and by 1.28 million bpd in 2026. Both figures are down 150,000 bpd from last month’s estimates.
Aerial view of an oil rig illuminated against a night sky.
Our Methodology
To collect data for this article, we have referred to several stock screeners to find energy stocks that have fallen the most between April 15 to April 22, 2025. 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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PrimeEnergy Resources Corporation (NASDAQ:PNRG)
Share Price Decline Between Apr. 15 and Apr. 22: 5.68%
Next on our list of Energy Stocks Losing This Week is PrimeEnergy Resources Corporation (NASDAQ:PNRG), which engages in the acquisition, development, and production of oil and natural gas properties in the United States.
The share price of PrimeEnergy Resources Corporation (NASDAQ:PNRG) declined last week despite the company posting strong results for its FY 2024. PNRG reported a total revenue of $237.8 million, up 79% YoY, while net income also nearly doubled to $55.4 million. The company’s oil production in 2024 surged by over 123% YoY to 2.56 million barrels, while NGL volumes also increased 112% to 1.28 million barrels. However, the increased production was partially offset by a decrease in prices, as the average realized oil price slipped 1.4% to $75.80 per barrel and natural gas prices plummeted 77.6% to $0.43 per Mcf.
Overall, PNRG ranks 6th on our list of the energy stocks that lost the most this week. While we acknowledge the potential of energy companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PNRG but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
