In this article, we are going to discuss the energy stocks that are losing this week.
The energy industry has been absolutely crushed in the ongoing bloodbath faced by the overall market, but one sector that has been hit particularly hard is that of the oilfield services sector. On one side, the imposition of the 25% tariff on steel and aluminum has already led to an estimated 4% increase in costs for drilling a well. On the other hand, global oil prices have plunged to a multi-year low, further decreasing margins for producers and forcing them to slow down drilling activities. A recently published survey by the Federal Reserve Bank of Dallas has revealed that the US oil industry needs prices between $61 and $70 per barrel to be profitable. However, the ongoing trade war has pushed WTI prices down to the $57 range.
Following President Trump’s scathing tariff announcements last week, Morningstar has reduced its fair value estimates on the three biggest oilfield services companies, expecting them to report a revenue drop of between 2% and 3% this year. The report further states that each dollar lost in revenue translates into an operating profit loss of between $1.25 and $1.35. Hence, it comes as no surprise that a large majority of the Energy Stocks that Crashed This Week belong to the energy services industry.
A drilling rig in action, operated by an oilfield services team.
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 1 to April 8, 2025. 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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10. Nabors Industries Ltd. (NYSE:NBR)
Share Price Decline Between Apr. 1 and Apr. 8: 34.96%
Nabors Industries Ltd. (NYSE:NBR) owns and operates the largest land-based drilling rig fleet in the world and is a leading provider of offshore platform workover and drilling rigs in the US and multiple international markets.
The stock of Nabors Industries Ltd. (NYSE:NBR) has plunged by over 54% since the beginning of the year, with a major reason being the headwinds by the overall oilfield services sector. The recent decline in oil prices and the current prospects of an economic slowdown are expected to hamper the global fossil fuel industry, which means less drilling activity. Moreover, NBR had a tough Q4 2024 and missed market estimates in both its revenue and EPS.
9. Sable Offshore Corp. (NYSE:SOC)
Share Price Decline Between Apr. 1 and Apr. 8: 35.14%
Sable Offshore Corp. (NYSE:SOC) is a Houston-based independent upstream company focused on developing the prolific Santa Ynez Unit in federal waters offshore California.
Once owned by ExxonMobil, the Santa Ynez Unit was forced to shut down due to a pipeline leak and regulatory hurdles in 2015. Despite its net asset value being approximately $10 billion, the asset was acquired by Sable Offshore Corp. (NYSE:SOC) for $883 million last year, and the company is now nearing the completion of the regulatory requirements necessary to restart production in the second quarter of 2025. However, the company faced a major setback last week after it was accused by the California Coastal Commission of performing unauthorized development on the pipeline connected to the Santa Ynez Unit’s three offshore platforms. The Commission staff has also recommended to fine Sable almost $15 million, issue another cease and desist order for all development along the pipelines, and require restoration work.
8. Vital Energy, Inc. (NYSE:VTLE)
Share Price Decline Between Apr. 1 and Apr. 8: 35.32%
Vital Energy, Inc. (NYSE:VTLE) is an independent energy company exploring, acquiring, and developing sustainable energy-producing assets and technologies.
After getting downgraded by Bank of America analyst Noah Hungness last week, Vital Energy, Inc. (NYSE:VTLE) has been dealt yet another blow after Citi analyst Paul Diamond downgraded the stock to Neutral from Buy with a price target of $17, down from $36. Moreover, the company’s production guidance for 2025 has disappointed analysts, and its Q4 2024 revenue also fell below market expectations, despite being up 20.2% YoY.
7. ProPetro Holding Corp. (NYSE:PUMP)
Share Price Decline Between Apr. 1 and Apr. 8: 35.94%
ProPetro Holding Corp. (NYSE:PUMP) is an oilfield services company that engages in the provision of hydraulic fracturing and other complementary services.
ProPetro Holding Corp. (NYSE:PUMP) reported mixed results for its Q4 2024 as its EPS of -$0.17 fell below expectations by $0.19. Additionally, the overall oilfield services sector, which has already been facing headwinds for a while, is particularly vulnerable in the current global trade war. The tariffs imposed on steel and aluminum have driven up costs for the industry, while the decline in the global price of oil has reduced margins for its clients, hence tightening their budgets and reducing demand.
6. HighPeak Energy, Inc. (NASDAQ:HPK)
Share Price Decline Between Apr. 1 and Apr. 8: 36.21%
HighPeak Energy, Inc. (NASDAQ:HPK) is an independent oil and natural gas company engaged in the acquisition, development, and production of oil, natural gas, and NGL reserves.
HighPeak Energy, Inc. (NASDAQ:HPK) closed at a 52-week low of $8.19 this week after Bank of America initiated its coverage with an Underperform rating and a price target of $10, based on the bank’s cautious view of the overall oil industry. Although HPK’s operations on the edge of the Midland Basin are cost-efficient with low drilling costs, they are also less productive compared to core Midland Basin areas, making the company more vulnerable to the decline in oil prices.
5. TETRA Technologies, Inc. (NYSE:TTI)
Share Price Decline Between Apr. 1 and Apr. 8: 36.61%
Next on our list of Energy Stocks that Crashed the Most This Week is TETRA Technologies, Inc. (NYSE:TTI), a diversified oil and gas services company focused on completion fluids, water management, and production testing.
The share price of TETRA Technologies, Inc. (NYSE:TTI) has plunged following the Trump administration’s decision to slash foreign aid contracts, from which the company makes a chunk of its revenue. Tetra Tech received more than $5 billion in contracts from USAID last year, and out of more than 100 USAID contracts canceled by the US government in February, 20 were held by the company or by joint ventures involving it, dealing a massive blow to its future earnings and cash flow.
4. Liberty Energy Inc. (NYSE:LBRT)
Share Price Decline Between Apr. 1 and Apr. 8: 36.91%
Liberty Energy Inc. (NYSE:LBRT) is a leading North American oilfield services firm with operations in major shale formations across the US and Canada.
Liberty Energy Inc. (NYSE:LBRT) is yet another victim of the ongoing global trade war sparked by President Trump’s tariffs on the entire international community. Like its peers in the oilfield services industry, LBRT is under pressure due to an increase in costs caused by the levies imposed on steel and aluminum imports. The company’s CEO recently stated that it plans to pass these costs on to its clients, which could further hit the company’s earnings by forcing its clients to slow down drilling activity. Meanwhile, the declining oil prices will also result in a major drop in margins, putting even more pressure on producers.
3. Oil States International, Inc. (NYSE:OIS)
Share Price Decline Between Apr. 1 and Apr. 8: 37.5%
Oil States International, Inc. (NYSE:OIS) is a global provider of manufactured products and services for the oil and natural gas industry, as well as in the industrial and military sectors.
Oil States International, Inc. (NYSE:OIS) continues to decline due to the overall pressure faced by the oilfield services industry. The tariffs on raw material, coupled with the declining prices of oil and a potential decrease in demand, have created a bearish sentiment for the industry. Moreover, OIS reported mixed results in Q4 2024 as its revenue of $164.6 million missed estimates by $8.73 million.
2. Profrac Holding Corp (NASDAQ:ACDC)
Share Price Decline Between Apr. 1 and Apr. 8: 46.33%
ProFrac Holding Corp. (NASDAQ:ACDC) is a technology-focused energy services company operating in the United States.
ProFrac Holding Corp. (NASDAQ:ACDC) did not live up to forecasts in Q4 2024, as its EPS of -$0.54 missed expectations by $0.2. The company’s revenue of $454.7 million also fell below expectations by $24.56 million, besides being down 7% YoY. ProFrac Holding’s Q4 loss also increased by over 292% compared to the previous quarter, in addition to a 33.7% decline in operating cash flow. The disappointing performance, coupled with the overall decline in the energy services sector, pushed the share price of ACDC to an all-time low this week.
1. KLX Energy Services Holdings, Inc. (NASDAQ:KLXE)
Share Price Decline Between Apr. 1 and Apr. 8: 46.83%
KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) provides more than 100 mission-critical oilfield services, tools, technologies, and equipment to some of the industry’s leading operators.
It should be rather unsurprising that topping our list of the Energy Stocks that Lost the Most This Week is yet another player from the energy services industry, given the strong bearish sentiment faced by the sector due to the ongoing global trade war. The company became particularly vulnerable after it reported disappointing results in its Q4 2024, posting an EPS of -$0.9 against expectations of -$0.67, while its revenue also fell below estimates, besides being down by 14.7% YoY. Investor confidence in KLXE has also been shaken due to some recent reports of insiders selling the company’s stock.
Overall, KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) ranks 1st 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 KLXE but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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