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U.S. Energy Sector Analysis

UpdatedNov 25, 2025
DataAggregated Company Financials
Companies435
  • 7D1.3%
  • 3M-0.4%
  • 1Y-5.3%
  • YTD-0.2%

In the last week, the Energy industry is up 1.3%, with Chevron up 0.9%. In the same time, Frontline was down 5.8%. In contrast, the industry has lost 5.3% in the last 12 months. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

Has the U.S. Energy Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 01 Dec 2025US$2.3tUS$1.9tUS$124.7b15.5x18.5x1.2x
Wed, 29 Oct 2025US$2.3tUS$1.9tUS$126.7b14.5x18.2x1.2x
Fri, 26 Sep 2025US$2.4tUS$1.9tUS$125.9b14.6x18.8x1.3x
Sun, 24 Aug 2025US$2.3tUS$1.9tUS$126.2b13.4x18.2x1.2x
Tue, 22 Jul 2025US$2.2tUS$1.9tUS$132.0b12x16.9x1.2x
Thu, 19 Jun 2025US$2.3tUS$1.9tUS$134.4b12.5x17.4x1.2x
Sat, 17 May 2025US$2.3tUS$1.9tUS$134.5b11.7x16.7x1.2x
Mon, 14 Apr 2025US$2.1tUS$1.9tUS$143.8b11.3x14.4x1.1x
Wed, 12 Mar 2025US$2.3tUS$1.9tUS$144.1b12.3x15.8x1.2x
Fri, 07 Feb 2025US$2.4tUS$1.9tUS$155.8b12.5x15.6x1.3x
Sun, 05 Jan 2025US$2.3tUS$1.9tUS$158.6b11.9x14.7x1.2x
Tue, 03 Dec 2024US$2.5tUS$1.9tUS$158.5b12.4x15.7x1.3x
Thu, 31 Oct 2024US$2.3tUS$2.0tUS$170.7b11.2x13.5x1.2x
Sat, 28 Sep 2024US$2.2tUS$2.0tUS$172.6b11.4x13x1.1x
Mon, 26 Aug 2024US$2.3tUS$2.0tUS$172.2b11.3x13.3x1.2x
Wed, 24 Jul 2024US$2.3tUS$1.9tUS$175.7b11.7x13.2x1.2x
Fri, 21 Jun 2024US$2.2tUS$1.9tUS$176.1b11.2x12.6x1.1x
Sun, 19 May 2024US$2.4tUS$1.9tUS$174.8b11.7x13.5x1.2x
Tue, 16 Apr 2024US$2.5tUS$2.0tUS$206.1b10.6x11.9x1.2x
Thu, 14 Mar 2024US$2.3tUS$2.0tUS$206.6b9.4x11x1.2x
Sat, 10 Feb 2024US$2.1tUS$2.0tUS$217.8b8.7x9.8x1.1x
Mon, 08 Jan 2024US$2.3tUS$2.1tUS$242.2b8.6x9.4x1.1x
Wed, 06 Dec 2023US$2.3tUS$2.1tUS$242.5b8.5x9.3x1.1x
Fri, 03 Nov 2023US$2.3tUS$2.0tUS$249.3b8.6x9.1x1.1x
Sun, 01 Oct 2023US$2.4tUS$2.2tUS$272.7b7.5x8.8x1.1x
Tue, 29 Aug 2023US$2.3tUS$2.2tUS$272.6b7.5x8.5x1.1x
Thu, 27 Jul 2023US$2.6tUS$2.4tUS$315.8b7.3x8.3x1.1x
Sat, 24 Jun 2023US$2.4tUS$2.4tUS$315.8b6.8x7.6x1x
Mon, 22 May 2023US$2.4tUS$2.4tUS$315.9b6.9x7.7x1x
Wed, 19 Apr 2023US$2.3tUS$2.4tUS$279.2b6.9x8.1x1x
Fri, 17 Mar 2023US$2.0tUS$2.4tUS$280.4b6.5x7.3x0.9x
Sun, 12 Feb 2023US$2.4tUS$2.3tUS$272.3b7.7x8.7x1x
Tue, 10 Jan 2023US$2.3tUS$2.3tUS$257.1b7.7x8.9x1x
Thu, 08 Dec 2022US$2.2tUS$2.3tUS$257.1b8x8.7x1x
Price to Earnings Ratio

8.7x


Total Market Cap: US$2.2tTotal Earnings: US$257.1bTotal Revenue: US$2.3tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Sector Price to Earnings3Y Average 12.4x202320242025
Current Industry PE
  • Investors are optimistic on the American Energy industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 18.5x which is higher than its 3-year average PE of 12.4x.
  • The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 21% per year over the last three years,
  • Revenues have also declined 6.4% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the U.S. Energy sector?

US Market2.95%
Energy1.25%
Energy Services2.20%
Oil and Gas1.16%
Industry PE
  • Investors are most optimistic about the Energy Services industry, which is trading close to its 3-year average PE ratio of 26.8x.
    • Analysts are expecting annual earnings growth of 16.9%, which is higher than its past year's earnings decline of 19.5% per year.
  • Investors are most pessimistic about the Oil and Gas industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 12.0x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings decline of 19% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 12% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CVX ChevronUS$151.130.9%
+US$2.8b		-6.8%PE23.8x
EQT EQTUS$60.865.8%
+US$2.1b		36.7%PE21.3x
WMB Williams CompaniesUS$60.932.5%
+US$1.8b		7.9%PE31.4x
OKE ONEOKUS$72.823.7%
+US$1.6b		-34.1%PE13.7x
PSX Phillips 66US$136.962.8%
+US$1.5b		0.4%PE36.9x

Latest News

IMPP
US$4.69
Imperial Petroleum
7D
-26.1%
1Y
54.8%
STNG
US$57.33
Scorpio Tankers
7D
-4.8%
1Y
14.2%

STNG: Fleet Optimization And Vessel Sales Will Drive Future Cash Generation

Scorpio Tankers' analyst price target has been increased from $73.25 to $74.00. Analysts cite a solid market outlook, recent fleet transactions, and favorable supply-demand dynamics as supporting factors for a marginally higher valuation.
FRO
US$23.52
Frontline
7D
-5.8%
1Y
49.7%

FRO: Modern VLCC Fleet Is Expected To Capture Higher Winter Rates

Frontline's analyst price target has increased from $27.80 to $29.50 per share. Analysts cite an encouraging tanker market outlook and expectations that its modern fleet will outperform in the coming season.
CVX
US$151.13
Chevron
7D
0.9%
1Y
-6.8%
WMB
US$60.93
Williams Companies
7D
2.5%
1Y
7.9%

WMB: Upcoming Expansion Projects And Data Center Demand Will Guide Returns

Williams Companies’ analyst fair value price target has been revised upward from $67.46 to $67.70. Analysts cite improved profit margins and accelerating revenue growth, supported by positive sector outlooks and advancing infrastructure projects.
EQT
US$60.86
EQT
7D
5.8%
1Y
36.7%

EQT: Shifting U.S. Gas Demand and LNG Agreements Will Shape Outlook

The analyst price target for EQT was modestly increased from $63.70 to $64.00. This change reflects analysts’ confidence in the company’s strategic positioning and the improving outlook for U.S. natural gas demand.
EXE
US$121.93
Expand Energy
7D
4.6%
1Y
24.6%

EXE: Higher Production Outlook and Share Buyback Are Expected To Sustain Fair Value

Analysts have slightly increased their price target for Expand Energy from $130.22 to $130.56. They cite small but notable adjustments to profit margin and forward P/E estimates as the primary drivers for the update.
COP
US$88.69
ConocoPhillips
7D
1.3%
1Y
-16.4%

COP: Free Cash Flow Will Outperform as Workforce Reduction Improves Efficiency

ConocoPhillips' analyst price target saw a modest decrease of $0.63, as analysts cited updated company outlooks for 2025 and 2026 as well as evolving sector dynamics in their revised forecasts. Analyst Commentary Recent Street research on ConocoPhillips presents a blend of optimism for the company's prospects alongside some caution about sector headwinds and near-term execution challenges.
SOC
US$4.37
Sable Offshore
7D
-8.4%
1Y
-79.6%
PSX
US$136.96
Phillips 66
7D
2.8%
1Y
0.4%

PSX: Future Cash Flows Will Reflect Shifting Refining and Crude Trends Ahead

The analyst price target for Phillips 66 has edged higher from $146.10 to $147.65, as analysts cite sustained refining profitability, an improving revenue growth outlook, and supportive trends in crude markets despite ongoing margin debates. Analyst Commentary Recent street research provides a comprehensive view of how analysts assess Phillips 66's near- and medium-term prospects.
INSW
US$52.97
International Seaways
7D
-2.8%
1Y
38.5%

INSW: New Dividend and Hold Rating Will Guide Market Expectations Ahead

International Seaways' analyst price target has been revised slightly upward from $57.50 to approximately $57.67. This change reflects analysts' tempered optimism following recent adjustments in revenue growth expectations and a downgrade to Hold by a major research firm.
TPL
US$864.29
Texas Pacific Land
7D
-1.4%
1Y
-42.4%
FANG
US$152.59
Diamondback Energy
7D
3.4%
1Y
-13.2%

FANG: Operational Strength And Asset Sales Are Expected To Drive Shareholder Returns

Diamondback Energy’s analyst price target has seen a minimal change, rising slightly from approximately $178.31 to $178.43 per share as analysts factor in updated sector models and company performance following recent earnings. Analyst Commentary Recent research commentary reflects a blend of optimism and caution regarding Diamondback Energy’s near-term outlook.
OKE
US$72.82
ONEOK
7D
3.7%
1Y
-34.1%

OKE: Upcoming Cash Returns And Fed Policy Changes Will Drive Share Price Momentum

The average analyst price target for ONEOK has been reduced modestly. Analysts cite updated assessments of sector growth, evolving company multiples, and a renewed investor preference for cash returns as key factors behind their revisions.
TNK
US$57.67
Teekay Tankers
7D
-5.4%
1Y
44.6%

TNK: Winter Market Strength and Capacity Risks Will Shape Performance Outlook

Analysts have increased their price target for Teekay Tankers from approximately $63.50 to $64.33. They cite a favorable tanker market outlook for winter and improved profit margins as key factors behind this upward revision.
XOM
US$115.92
Exxon Mobil
7D
-0.04%
1Y
-1.6%

XOM: Free Cash Flow Strength And Cost Savings Will Offset Industry Volatility

Exxon Mobil’s analyst price target has increased from $141 to $144 per share, with analysts citing the company’s resilient free cash flow and ongoing structural cost savings as key drivers for the modest upgrade. Analyst Commentary Recent research updates from Street analysts reflect a mix of optimism around Exxon Mobil’s positioning and growth prospects, as well as some reservations regarding the near-term outlook for the energy sector.