In this article, we are going to discuss the 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.
With that said, here are the energy stocks that have surged the most this week.
An oil and gas crew working on a midstream pipeline, illuminated against a dusk sunlit sky.
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. Following are the Energy Stocks that Gained the Most This Week. The stocks are ranked according to their share price surge during this period.
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10. Canadian Natural Resources Limited (NYSE:CNQ)
Share Price Gains Between Mar. 3 and Mar. 10: 6.21%
Canadian Natural Resources Limited (NYSE:CNQ) is one of the largest independent crude oil and natural gas producers in the world with operations in Western Canada, the UK portion of the North Sea, and Offshore Africa.
Canadian Natural Resources Limited (NYSE:CNQ) recently reported strong results for 2024, achieving record annual average production of over 1.36 million boed, including record annual liquids production of over one million barrels per day. The company also returned approximately $7.1 billion to its shareholders during the year and raised its quarterly dividend by 4.4% to C$0.5875 per share this month, making 2025 the 25th consecutive year of dividend increases.
9. Magnolia Oil and Gas Corporation (NYSE:MGY)
Share Price Gains Between Mar. 3 and Mar. 10: 6.29%
Magnolia Oil & Gas Corporation (NYSE:MGY) is an independent oil producer with assets located in the Eagle Ford Shale and Austin Chalk formations in South Texas.
Magnolia Oil & Gas Corporation (NYSE:MGY) posted a revenue of $326.6 million in Q4 2024, up 1.23% YoY and above market expectations by $1.39 million. The company’s adjusted EPS of $0.48 also beat analysts’ estimates by $0.03. MGY also achieved record quarterly production volume in Q4 2024, reaching 93,100 barrels of oil equivalent per day (boed). Moreover, the company reported a 9% uptick in annual total production for the second consecutive year, with oil production growth exceeding expectations at 11%.
8. Innovex International, Inc. (NYSE:INVX)
Share Price Gains Between Mar. 3 and Mar. 10: 6.43%
Innovex International, Inc. (NYSE:INVX) was founded in 2024 following the merger of Dril-Quip and Innovex Downhole Solutions. The company designs and manufactures offshore drilling and production equipment.
Innovex International, Inc. (NYSE:INVX) continues to build on its gains and has surged by over 21% YTD, putting it among the 11 Best Performing Energy Stocks So Far In 2025. The company performed well in Q4 2024, increasing its revenue by 65% from the previous quarter to $251 million. INVX also reported a net income of $32 million and cash flow from operations of $36 million during the quarter, allowing it to authorize a $100 million share buyback program. Moreover, the company has fully realized its targeted $30 million of annualized merger cost synergies in just five months after closing of the merger.
7. 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.
6. CNX Resources Corporation (NYSE:CNX)
Share Price Gains Between Mar. 3 and Mar. 10: 7.03%
CNX Resources Corporation (NYSE:CNX) is a premier ultra-low carbon intensive natural gas development, production, midstream, and technology company in the Appalachian basin.
CNX Resources Corporation (NYSE:CNX) reported an adjusted EPS of $0.57 in Q4 2024, beating market expectations by $0.1. The company also boasts a robust balance sheet and generated $199 million in free cash flow during the quarter, bringing its full year 2024 FCF total to $331 million and marking its 20th consecutive quarter of positive free cash flow generation.
CNX Resources Corporation (NYSE:CNX) has also been active in making strategic acquisitions to enhance its future cash flow and long-term value creation. The company announced earlier this year that it has closed the $505 million acquisition of the natural gas upstream and associated midstream business of Apex Energy II in the Appalachian basin, allowing it to expand its portfolio in the energy sector.
CNX Resources Corporation (NYSE:CNX) was included in our list of the Billionaire’s 15 Favorite Oil and Gas Stocks Right Now.
5. Barnwell Industries, Inc. (NYSE:BRN)
Share Price Gains Between Mar. 3 and Mar. 10: 8.89%
Barnwell Industries, Inc. (NYSE:BRN), together with its subsidiaries, acquires and develops crude oil and natural gas assets in Canada.
Shares of Barnwell Industries, Inc. (NYSE:BRN) have finally witnessed an uptick after closing at a 52-week low of $1.35 last week. The market seems to have responded positively after the company recently announced that it had entered into a non-binding letter of intent for the sale of its water well drilling subsidiary, Water Resources International. The transaction will bring in around $1.05 million for the company and allow it to ‘refocus on its core oil and gas exploration business’.
4. Transocean Ltd. (NYSE:RIG)
Share Price Gains Between Mar. 3 and Mar. 10: 11.61%
Transocean Ltd. (NYSE:RIG) is a leading international provider of offshore contract drilling services for oil and gas wells.
Shares of Transocean Ltd. (NYSE:RIG) have again surged last week after declining by over 19% the week before, reflecting its strong fundamentals in Q4 2024. The company’s revenue came in at $952 million, up 28% YoY, driven by older contracts rolling off and new ones coming online at significantly higher day rates. RIG’s EBITDA during the quarter surged to $338 million, marking a sharp 221% YoY increase from $105 million in Q4 2023. Moreover, the company remains far from financial stress and boasts a robust $8.3 billion backlog providing visibility into future cash flows.
3. Valaris Limited (NYSE:VAL)
Share Price Gains Between Mar. 3 and Mar. 10: 12.57%
Valaris Limited (NYSE:VAL), together with its subsidiaries, provides offshore contract drilling services in Brazil, the United Kingdom, the US Gulf of Mexico, Australia, Angola, and internationally.
Valaris Limited (NYSE:VAL) reported an EPS of $1.88 in Q4 of 2024, beating analysts’ estimates by $0.86. The company’s revenue of $584.4 million was also up 20.8% YoY and above market expectations by over $6.8 million. Valaris has emerged stronger from a prolonged downturn in the offshore drilling industry, with less debt, improved management, and aggressive share repurchases. These factors, along with increasing demand for offshore drilling, have positioned the company as a competitive player with significant upside potential.
2. ProFrac Holding Corp. (NASDAQ:ACDC)
Share Price Gains Between Mar. 3 and Mar. 10: 14.24%
ProFrac Holding Corp. (NASDAQ:ACDC) is a technology-focused energy services company operating in the United States. The company has positioned itself as a dominant force in the hydraulic fracturing industry through aggressive consolidation and vertical integration. Despite a tough Q4 2024, shares of ACDC surged as investors remain optimistic about its long-term prospects.
ProFrac Holding Corp. (NASDAQ:ACDC) has aggressively acquired competitors, enhancing its market share, while accumulating $1.1 billion in debt with the majority not due until 2029. With a rebound in frac fleet utilization and a strong demand for natural gas services, the company is well-positioned for a breakout.
1. Nine Energy Service, Inc. (NYSE:NINE)
Share Price Gains Between Mar. 3 and Mar. 10: 20.2%
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.
Shares of Nine Energy Service, Inc. (NYSE:NINE) surged last week after the company announced better-than-expected results for Q4 2024. Nine reported a loss per share of $0.22 against market estimates of $0.24. The company’s revenue of $141.43 million also beat expectations by $6.43 million and came in the upper end of the provided guidance range. The company managed to increase its Q4 cementing revenue by approx. 7% and Q4 completion tool revenue by around 6% QoQ despite flat average US rig count.
Overall, Nine Energy Service, Inc. (NYSE:NINE) ranks first on our list of the energy stocks that are gaining this week. While we acknowledge the potential for NINE, 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 NINE but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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