Why These Energy Stocks Are Losing This Week

6. Drilling Tools International Corporation (NASDAQ:DTI)

Share Price Decline Between Mar. 10 and Mar. 17: 3.79%

Since 1984, Drilling Tools International Corporation (NASDAQ:DTI) has been a leading provider of downhole tools to the land and offshore drilling markets.

Drilling Tools International Corporation (NASDAQ:DTI) missed earnings expectations in Q4 2024, as its EPS of $-0.04 was below estimates by $0.04. However, the company’s revenue of $39.8 million was in line with expectations. DTI reported a net loss of $1.3 million during the quarter.

It must be noted that Drilling Tools International Corporation (NASDAQ:DTI) completed the acquisition of Titan Tools Services, a UK-based downhole tool rental company, earlier this year. 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.