In this article, we are going to discuss the energy stocks that are gaining this week.
The energy sector has outperformed the broader market so far this year, with gains of 2.7% against the general market’s surge of 1.48%. This comes after a disappointing 2024 when the energy sector lagged significantly behind gains of 25% by the wider market.
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As the world gets hungry for more and more energy, the International Energy Agency has forecasted the world’s electricity consumption to rise at its fastest pace in recent years, growing at close to 4% annually through 2027. The uptick can be mainly attributed to a surge in industrial production, increased demand for air conditioning, accelerating electrification, primarily by the transport sector, and the rapid expansion of data centers.
Electricity demand in the United States, the second-largest consumer in the world after China, is to grow at an average annual rate of about 2% over the period 2025-2027, driven by the strong demand growth from the data center sector.
Other sectors, including natural gas, also stand to benefit tremendously from the ongoing AI boom and the accompanying data centers, as several dozen new gas-fired power plants are expected to be built in the US in the next few years. According to data from S&P Global Commodity Insights, if even a quarter of the projected data center load is supplied by gas-fired generation, this would translate to a 2% increase in total US gas demand in 2040, providing some much-needed respite to a sector that has faced a series of challenges over the last year.
With that said, here are the Energy Stocks that Have Surged the Most this Week.
Methodology
To collect data for this article, we have referred to several stock screeners to find energy stocks that have surged the most between February 14 to February 24, 2025. Following are the Energy Stocks that are Gaining the Most This Week.
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10. Drilling Tool International Corporation (NASDAQ:DTI)
Share Price Gains Between Feb. 14 – Feb. 24: 3.14%
Since 1984, Drilling Tools International Corporation (NASDAQ:DTI) has been a leading provider of downhole tools to the land and offshore drilling markets. The company updated its estimated 2024 full-year financial outlook on February 20 in which it indicated that it expects its 2024 revenue to be at the high end of previously disclosed guidance of $145 million-$155 million. DTI also expects its 2024 Adjusted Net Income to be above the high-end of previously disclosed guidance of $7.7 million – $9.8 million and its adjusted free cash flow to be more than double the prior year period.
Moreover, Drilling Tools International Corporation (NASDAQ:DTI) announced last month that it has completed the acquisition of Titan Tools Services, a UK-based downhole tool rental company. This move is an important step towards DTI’s global expansion and strengthens its position in the North Sea and in European and African markets.
9. EOG Resources, Inc. (NYSE:EOG)
Share Price Gains Between Feb. 14 – Feb. 24: 3.34%
EOG Resources, Inc. (NYSE:EOG) is one of the largest crude oil and natural gas exploration and production companies in the United States with proved reserves in the US and Trinidad. Shares of the company surged earlier this month after it received an upgraded stock rating from RBC Capital Markets, moving from Sector Perform to Outperform, with a price target of $155, up from $150. The upgrade was attributed to EOG’s sustained strong operational performance, its exposure to rising natural gas prices, and the potential for significant stock buybacks.
EOG Resources, Inc. (NYSE:EOG) is known for its robust balance sheet and increasing shareholder returns. The company boosted its share buyback program by $5 billion at the end of Q3 2024 after beating profit estimates and stated that it would raise its debt balance to a range of $5 to $6 billion in the next 12 to 18 months, which would make additional cash available for investor payouts.
8. Helmerich & Payne, Inc. (NYSE:HP)
Share Price Gains Between Feb. 14 – Feb. 24: 4.14%
Helmerich & Payne, Inc. (NYSE:HP), together with its subsidiaries, provides drilling solutions and technologies for oil and gas exploration and production companies.
Helmerich & Payne, Inc. (NYSE:HP) announced its Q1 2025 results earlier this month in which it reported an adjusted diluted earnings per share of $0.71, beating expectations by $0.04. Moreover, as part of its organic growth plan, the company completed the exportation of eight FlexRigs into Saudi Arabia, where they will be drilling in unconventional natural gas plays.
Helmerich & Payne, Inc. (NYSE:HP) also closed on its acquisition of KCA Deutag, significantly boosting its footprint in the Middle East. The $1.97 billion deal is expected to significantly expand the company’s rig count in key Middle East markets from 11 to 65, which could boost future earnings and cash flow.
7. Nine Energy Service, Inc. (NYSE:NINE)
Share Price Gains Between Feb. 14 – Feb. 24: 4.24%
Nine Energy Service, Inc. (NYSE:NINE) operates as an onshore completion services provider that targets unconventional oil and gas resource development in North American basins and internationally. The company announced earlier this month it has scheduled its fourth quarter and full-year 2024 earnings conference call for Thursday, March 6, 2025.
Nine Energy Service, Inc. (NYSE:NINE) topped market expectations in its third quarter, posting revenue of $138.16 million, beating analysts’ estimates by $3.56 million and above the range of its original guidance of $127 million to $137 million. This uptick was driven mostly by its cementing business, where it increased market share by approximately 23% over Q2 within the areas it operates. Total revenue of the cementing business also surged by 12% over Q2, despite a declining rig count. The company expects Q4 to be down compared with Q3 with projected revenue between $132 million and $142 million, primarily due to a moderate slowdown due to budget exhaustion, weather, and holidays, as well as a decrease in international tool sales.
6. Devon Energy Corporation (NYSE:DVN)
Share Price Gains Between Feb. 14 – Feb. 24: 7.71%
Devon Energy Corporation (NYSE:DVN) is an oil and gas producer in the United States with a multi-basin portfolio. The company ended 2024 with exceptionally strong results, especially after the integration of its Grayson Mill assets. DVN’s Q4 2024 oil production reached an all-time high of 398,000 barrels per day, largely driven by the timing and productivity of its Eagle Ford wells. Its overall oil and gas production hit 848,000 barrels of oil equivalent per day (boed) during the quarter, topping prior estimates of 811,000 boed to 830,000 boed.
Devon Energy Corporation (NYSE:DVN) also strengthened its balance sheet by building cash in Q4 to about $850 million, up 25% from Q3. The company’s overall free cash flow for 2024 came in at $3 billion, of which $2 billion was returned to its shareholders. DVN declared a quarterly dividend of $0.24 per share, up 9.1% from its prior dividend of $0.22.
The impressive Q4 performance has encouraged Devon Energy Corporation (NYSE:DVN) to raise its guidance for 2025 by 2% to a new range of 805,000 boed to 825,000 boed.
5. Tamboran Resources Corporation (NYSE:TBN)
Share Price Gains Between Feb. 14 – Feb. 24: 8.61%
Tamboran Resources Corporation (NYSE:TBN) is a natural gas company focused on developing unconventional gas resources in the Northern Territory of Australia. The company released its Second Quarter Activities Report, highlighting substantial advancements in its Beetaloo Basin operations. TBN, along with its partners, has completed drilling operations for two production wells and commenced stimulation activities in the region, marking important milestones towards first gas production. The wells will supply the proposed Shenandoah South Pilot Project, which is expected to produce 40 million cubic feet of natural gas a day with production expected to start in 2026. TBN has also entered into binding agreements with APA Group for the construction and operation of the 23-mile Sturt Plateau Pipeline, crucial for the above-mentioned project.
It was also announced last month that Tamboran Resources Corporation (NYSE:TBN) has signed an MOU with Santos to explore commercialization options for the potential expansion of the Santos-operated Darwin LNG plant at Middle Arm.
4. Obsidian Energy Ltd. (NYSE:OBE)
Share Price Gains Between Feb. 14 – Feb. 24: 10.64%
Obsidian Energy Ltd. (NYSE:OBE) is an intermediate-sized oil and gas producer with a well-balanced portfolio of high-quality assets producing over 39,000 boe per day. The company recently announced its Q4 2024 results in which it posted $432 million of funds flow from operations, representing a 14% increase over 2023. OBE’s average 2024 production also surged by 16% to 37,474 boed. The company also remained committed to its shareholders, repurchasing and canceling 6% of shares outstanding for $41.7 million in 2024.
Obsidian Energy Ltd. (NYSE:OBE) is also set to bolster its balance sheet with the sale of its operating assets in the Pembina oil field to Calgary-based InPlay Oil Corp. for approximately $224.77 million.
3. World Kinect Corporation (NYSE:WKC)
Share Price Gains Between Feb. 14 – Feb. 24: 11.85%
Headquartered in Florida, World Kinect Corporation (NYSE:WKC) is a leading global energy management company, offering a broad suite of solutions. The company recently released its Q4 2024 results, posting adjusted EPS of $0.62, beating expectations by $0.12. WKC also generated $260 million of operating cash flow in 2024, returning $139 million to shareholders through dividends and share repurchases, reflecting a 47% YoY increase. Over the last three years, the company has returned $312 million to shareholders through buybacks and dividends, representing 72% of the free cash flow generated during the period.
As for Q1 2025, World Kinect Corporation (NYSE:WKC) guided consolidated gross profit in the range of $234M to $241M, reflecting seasonal declines in aviation and marine offset by expected YoY improvement in the land segment.
2. CVR Energy, Inc. (NYSE:CVI)
Share Price Gains Between Feb. 14 – Feb. 24: 13.52%
CVR Energy, Inc. (NYSE:CVI), together with its subsidiaries, engages in the petroleum refining and marketing business, as well as nitrogen fertilizer manufacturing activities in the United States.
CVR Energy, Inc. (NYSE:CVI) beat Q4 2024 estimates, posting revenue of $.195 billion in Q4 2024, down 11.58% YoY but still above analysts’ estimates by over $101 million. The company’s quarterly loss of $0.13 per share was also better than market expectations of a loss of $0.61 per share. CVR also reported an operating cash flow of $98 million during the quarter and managed to enhance its liquidity by $408 million through a Term Loan and the sale of its 50% interest in Midway Pipeline. The company also declared a fourth-quarter 2024 cash distribution of $1.75 per common unit, which will be paid on March 10, 2025.
For the full year 2025, CVR Energy, Inc. (NYSE:CVI) estimates total consolidated capital spending to increase to approximately $165-205 million and turnaround spending to surge in the range of $170-185 million.
1. Solaris Energy Infrastructure, Inc. (NYSE:SEI)
Share Price Gains Between Feb. 14 – Feb. 24: 20.06%
Solaris Energy Infrastructure, Inc. (NYSE:SEI) designs and manufactures specialized equipment for oil and natural gas operators in the United States.
Solaris Energy Infrastructure, Inc. (NYSE:SEI) recently posted solid Q4 2024 results with total revenue of $96 million, reflecting a 28% increase from the prior quarter due to a full quarter contribution from Solaris Power Solutions as well as continued activity growth in Power. The company continues to expand as it also announced a strategic long-term partnership with one of its current customers that includes a contract for a minimum of approximately 500 megawatts, with an initial term of six years for a new data center. Solaris also declared a quarterly dividend of $0.12 per share, representing its 26th consecutive dividend and, combined with share repurchases, will result in a total of $198 million cumulatively returned to shareholders since 2018.
Overall, Solaris Energy Infrastructure, Inc. (NYSE:SEI) ranks first on our list of the energy stocks that are gaining this week. While we acknowledge the potential for SEI to grow, 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 SEI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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