On January 10, 2025, while broader market trends showed more losers than gainers, certain oil and gas stocks stood out, reaching new highs as energy prices surged. Crescent Energy (CRGY) and EQT (EQT) were among the key winners, benefiting from a significant spike in natural gas and crude oil prices. The rally came after the Biden administration tightened sanctions on Russia’s energy sector, potentially leading to supply shortages and driving prices up.
Crescent Energy Breaks Out
Crescent Energy saw impressive gains, breaking out from a base formation and pushing into a buy zone. The stock hit a high of $16.32, following a cup base with a buy point at $15.54, according to MarketSurge pattern recognition. This marks a significant milestone for the energy company, which reached a 52-week high for both its share price and relative strength line—a bullish sign for investors. The company has seen strong momentum, climbing seven consecutive days before breaking out, and 10 out of the last 13 sessions.
Crescent Energy specializes in oil, gas, and mineral investments, and its recent performance signals strong investor confidence. The stock bounced off its 10-week moving average in early January, reinforcing the positive trend. This is the highest the stock has been since October 2022, showcasing its resilience in a volatile energy market.
EQT Stock Reaches Key Levels
EQT, a natural gas exploration and production company, also performed well on Friday, with shares revisiting a high not seen since September 2022. The stock sits in a buy range up to $50.42, following a flat base with a buy point of $48.02. Despite a two-year period of weakening earnings, EQT’s outlook for 2025 is much brighter, with analysts predicting a 110% increase in profits.
The energy company has gained significant traction as natural gas prices spiked around 7.5%, further boosting investor sentiment. EQT is poised to benefit from the anticipated improvement in earnings, as tighter energy supplies could lead to higher prices for its products.
Energy Prices Drive the Rally
The surge in oil and gas stock prices was fueled by a jump in energy prices. Crude oil prices soared more than 3%, while natural gas prices rose by 7.5%. The Biden administration’s decision to implement tighter sanctions on Russia’s energy sector raised concerns about potential supply disruptions, pushing energy prices even higher.
This surge in energy prices has provided a boost to oil and gas companies, with stocks like Crescent Energy and EQT taking full advantage of the market conditions. As the global energy landscape continues to shift, these companies are well-positioned to capitalize on rising demand and tighter supply, potentially leading to further stock gains.
Gold Prices Rebound Amid Uncertainty
Alongside the surge in energy prices, gold also saw a rebound on Friday, with uncertainty surrounding the incoming Trump administration’s policies driving safe-haven demand. Despite stronger-than-expected U.S. employment data, which reinforced expectations that the Federal Reserve may not cut interest rates as aggressively this year, gold prices gained traction.
Spot gold rose by 0.6%, reaching $2,686.24 per ounce, while U.S. gold futures settled 0.9% higher at $2,715.00. Earlier in the day, gold prices briefly dipped to $2,663.09 an ounce after data showed the U.S. added 256,000 jobs in December, far exceeding the estimate of 160,000, and the unemployment rate stood at 4.1%. However, bullion prices quickly rebounded, hitting their highest levels since December 12, 2024, and were poised for a weekly gain of more than 1.7%.
The increase in gold prices reflects growing investor demand for safe assets amid ongoing economic uncertainty, making gold an attractive option in turbulent times.
Crescent Energy and EQT are among the standout performers in the oil and gas sector, reaching new highs as energy prices soar. The combination of rising crude oil and natural gas prices, coupled with geopolitical factors like the tightening of Russian energy sanctions, has provided a significant tailwind for these stocks. As both companies continue to show strong momentum, investors should keep a close eye on their performance in the coming weeks, as they remain well-positioned to benefit from the ongoing energy rally.
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