Why Drilling Tools International Corporation (DTI) Stock Crashed This Week

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 Drilling Tools International Corporation (NASDAQ:DTI) stands against other energy stocks that are losing this week.

The global energy industry has faced a major setback this week after there were serious concerns of an escalating global trade war and a looming economic slowdown. After China hit back at President Trump’s tariffs with 34% duties on all US goods, global oil prices plunged over 8%, heading for their lowest close since the height of the Covid-19 pandemic in 2021. Moreover, the US natural gas price at Henry Hub has also fallen by around 7.5% amid broad market selling. While the Trump administration has given exemptions to oil, gas, and refined products in its swapping tariffs, the threat of inflation and slowing economic growth have weighed down energy prices. JP Morgan has stated that it now sees a 60% chance of a global economic recession by year end, up from 40% previously.

To put further pressure on oil prices, OPEC+ has decided to accelerate plans for output increases, with the group now aiming to supply 411,000 barrels per day (bpd) to the market in May, up from the previously planned 135,000 bpd. As a result, Goldman Sachs analysts have sharply reduced their December 2025 forecasts, cutting Brent and WTI targets by $5 each to $66 and $62 per barrel, respectively.

Why Drilling Tools International Corporation (DTI) is Losing This Week?

A row of massive oil rigs in a desert landscape, against a setting sun.

To collect data for this article, we have referred to several stock screeners to find energy stocks that have fallen the most between March 27 to April 3, 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.

At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

Share Price Decline Between Mar. 27 and Apr. 3: 30.66%

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

The share price of Drilling Tools International Corporation (NASDAQ:DTI) continues to plunge after the company reported mixed results for its Q4 2024. DTI’s EPS of $-0.04 fell below estimates by $0.04, but its revenue of $39.8 million was in line with market expectations. The company’s net loss came in at $1.3 million during the quarter. Another major reason for the stock’s recent decline is the fall in global oil prices and the threat of a looming economic downturn, which could then lead to a slowdown in oil exploration and drilling activities.

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