Clean Energy Fuels, Centrus Energy, Patterson-UTI, HighPeak Energy, and Kosmos Energy stocks trade up and down, what you need to know
What happened?
A number of stocks jumped in the afternoon session after President Donald Trump indicated he is no longer interested in reaching a deal with Iran to conclude their war, triggering a sharp jump in crude oil prices and renewed inflation concerns.
The sudden escalation in geopolitical tensions between the United States and Iran raised immediate fears of potential supply disruptions across global energy markets. Iran is a prominent oil producer, and escalating friction threatens key regional shipping routes and production infrastructure.
As benchmark crude prices climbed rapidly on the announcement, energy companies saw increased investor demand, given that higher commodity prices directly lift revenues and cash flows for oil exploration and production firms. At the same time, the price spike reignited inflation concerns on Wall Street, prompting benchmark bond yields to move higher as investors weighed the risk of persistent price pressures throughout the broader economy.
While broader equity indexes ultimately stabilized after digesting the swings, energy equities benefited significantly from the surge in oil prices sparked by the deteriorating diplomatic backdrop.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.
Among others, the following stocks were impacted:
- Mixed or offshore upstream E&P company Clean Energy Fuels jumped 8.5%. Is now the time to buy Clean Energy Fuels? Access our full analysis report here, it’s free.
- Mixed or offshore upstream E&P company Centrus Energy fell 6.2%. Is now the time to buy Centrus Energy? Access our full analysis report here, it’s free.
- Oilfield services company Patterson-UTI jumped 2.8%. Is now the time to buy Patterson-UTI? Access our full analysis report here, it’s free.
- U.S. shale E&P company HighPeak Energy jumped 12.6%. Is now the time to buy HighPeak Energy? Access our full analysis report here, it’s free.
- Mixed or offshore upstream E&P company Kosmos Energy jumped 6.8%. Is now the time to buy Kosmos Energy? Access our full analysis report here, it’s free.
Zooming in on HighPeak Energy
HighPeak Energy’s shares are extremely volatile and have had 76 moves greater than 5% over the last year. But moves this big are rare even for HighPeak Energy and indicate this news significantly impacted the market’s perception of the business.
The previous big move we wrote about was 1 day ago when the stock gained 6.5% on the news that shipping attacks in the Persian Gulf sparked renewed supply concerns, driving crude oil prices sharply higher. The Wall Street Journal reported that front-month Brent crude rose 1.2% to $92.55 a barrel, recovering from a sharp selloff. West Texas Intermediate futures rose 0.7% to $86.67. The Journal said the strikes tempered expectations of a diplomatic resolution to the U.S.-Iran conflict, and that supply risks in the region persist. A bottleneck in that shipping lane can tighten the crude available to buyers and add a geopolitical premium to the price. Higher oil prices can support revenue and cash flow for producers.
HighPeak Energy is up 84.2% since the beginning of the year, but at $8.24 per share, it is still trading 28.8% below its 52-week high of $11.57 from October 2026. Despite the year-to-date gain, investors who bought $1,000 worth of HighPeak Energy’s shares 5 years ago would now be looking at only $583.63.
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