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U.S. Energy Sector Analysis

UpdatedNov 10, 2025
DataAggregated Company Financials
Companies429
  • 7D1.0%
  • 3M5.1%
  • 1Y-4.0%
  • YTD-0.9%

Over the last 7 days, the Energy industry has risen 1.0%, driven by gains from Exxon Mobil of 2.5%. In contrast, the industry has lost 4.0% in the last 12 months. As for the next few years, earnings are expected to grow by 13% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 10 Nov 2025US$2.3tUS$1.9tUS$125.0b15.1x18.5x1.2x
Wed, 08 Oct 2025US$2.3tUS$1.9tUS$125.9b13.8x18.6x1.3x
Fri, 05 Sep 2025US$2.3tUS$1.9tUS$126.4b13.6x18.2x1.2x
Sun, 03 Aug 2025US$2.3tUS$1.9tUS$129.1b12.3x17.5x1.2x
Tue, 01 Jul 2025US$2.3tUS$1.9tUS$134.3b11.9x16.9x1.2x
Thu, 29 May 2025US$2.2tUS$1.9tUS$134.2b11.4x16.3x1.1x
Sat, 26 Apr 2025US$2.2tUS$1.9tUS$141.3b11.3x15.4x1.1x
Mon, 24 Mar 2025US$2.4tUS$1.9tUS$143.9b13.1x16.7x1.3x
Wed, 19 Feb 2025US$2.4tUS$1.9tUS$154.8b12.4x15.5x1.3x
Fri, 17 Jan 2025US$2.5tUS$1.9tUS$158.5b12.7x15.5x1.3x
Sun, 15 Dec 2024US$2.3tUS$1.9tUS$158.5b11.7x14.7x1.2x
Tue, 12 Nov 2024US$2.4tUS$1.9tUS$160.5b11.9x15.1x1.3x
Thu, 10 Oct 2024US$2.4tUS$2.0tUS$175.8b11.8x13.5x1.2x
Sat, 07 Sep 2024US$2.2tUS$2.0tUS$172.5b11x12.8x1.1x
Mon, 05 Aug 2024US$2.3tUS$2.0tUS$172.0b11x13.2x1.2x
Wed, 03 Jul 2024US$2.3tUS$1.9tUS$176.1b11.4x13.1x1.2x
Fri, 31 May 2024US$2.3tUS$1.9tUS$176.4b11.4x12.9x1.2x
Sun, 28 Apr 2024US$2.5tUS$2.0tUS$197.1b11.1x12.5x1.2x
Tue, 26 Mar 2024US$2.4tUS$2.0tUS$206.4b9.8x11.5x1.2x
Thu, 22 Feb 2024US$2.2tUS$2.0tUS$212.4b9.3x10.2x1.1x
Sat, 20 Jan 2024US$2.2tUS$2.1tUS$242.2b8.2x9x1x
Mon, 18 Dec 2023US$2.2tUS$2.1tUS$242.3b8.6x9.3x1.1x
Wed, 15 Nov 2023US$2.3tUS$2.1tUS$242.7b8.9x9.3x1.1x
Fri, 13 Oct 2023US$2.3tUS$2.2tUS$272.8b7.7x8.6x1.1x
Sun, 10 Sep 2023US$2.4tUS$2.2tUS$272.6b7.8x8.8x1.1x
Tue, 08 Aug 2023US$2.6tUS$2.2tUS$273.5b7.8x9.6x1.2x
Thu, 06 Jul 2023US$2.5tUS$2.4tUS$315.8b6.9x7.9x1.1x
Sat, 03 Jun 2023US$2.4tUS$2.4tUS$315.7b7x7.7x1x
Mon, 01 May 2023US$2.2tUS$2.4tUS$300.4b6.8x7.4x0.9x
Wed, 29 Mar 2023US$2.1tUS$2.4tUS$280.8b6.8x7.6x0.9x
Fri, 24 Feb 2023US$2.2tUS$2.4tUS$278.5b7.4x8x0.9x
Sun, 22 Jan 2023US$2.4tUS$2.3tUS$257.1b8.2x9.3x1x
Tue, 20 Dec 2022US$2.2tUS$2.3tUS$257.1b7.9x8.6x1x
Thu, 17 Nov 2022US$2.4tUS$2.3tUS$256.7b8.5x9.4x1.1x
Price to Earnings Ratio

9.4x


Total Market Cap: US$2.4tTotal Earnings: US$256.7bTotal Revenue: US$2.3tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Sector Price to Earnings3Y Average 12.2x202320242025
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 12.2x.
  • 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 Market-1.96%
Energy1.05%
Oil and Gas1.13%
Energy Services0.24%
Industry PE
  • Investors are most optimistic about the Energy Services industry even though it's trading below its 3-year average PE ratio of 27.8x.
    • Analysts are expecting annual earnings growth of 15.5%, which is higher than its past year's earnings decline of 16.4% 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 11.8x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings decline of 16% 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
XOM Exxon MobilUS$117.223.0%
+US$14.6b		-2.7%PE16.5x
TRGP Targa ResourcesUS$172.0610.2%
+US$3.3b		-11.7%PE22.9x
OKE ONEOKUS$68.124.2%
+US$1.7b		-37.5%PE12.8x
CTRA Coterra EnergyUS$26.578.9%
+US$1.6b		4.6%PE12.3x
EQT EQTUS$57.973.8%
+US$1.3b		31.8%PE20.3x

Latest News

TPL
US$981.69
Texas Pacific Land
7D
6.2%
1Y
-29.9%
UEC
US$12.20
Uranium Energy
7D
-12.9%
1Y
58.9%
LEU
US$294.16
Centrus Energy
7D
-19.9%
1Y
220.6%

LEU: Future Expansion Hinges On Federal Decisions Amid Dilution Concerns

Analysts have revised the price target for Centrus Energy, raising it from approximately $258 to $279 per share. This reflects expectations of stronger revenue growth and continued confidence in the company's long-term prospects, despite some near-term challenges.
COP
US$86.83
ConocoPhillips
7D
-2.3%
1Y
-22.2%
CRK
US$23.02
Comstock Resources
7D
22.8%
1Y
74.4%

CRK: Persistent Natural Gas Oversupply Will Pressure Returns Through 2026

Comstock Resources' analyst price target has decreased substantially, with recent updates lowering expectations to a range of $9 to $14 per share. Analysts cite ongoing commodity headwinds and persistent oversupply, particularly in the natural gas sector, as key factors behind the adjustment.
LNG
US$207.90
Cheniere Energy
7D
-1.9%
1Y
1.1%
TRGP
US$172.06
Targa Resources
7D
11.7%
1Y
-10.5%
CTRA
US$26.57
Coterra Energy
7D
12.3%
1Y
8.1%
SLB
US$36.66
SLB
7D
-1.0%
1Y
-17.2%

SLB: Digital Expansion and AI Momentum Will Drive Long-Term Energy Sector Upside

Analysts have slightly raised their price target for SLB from $45.16 to $45.30, citing ongoing improvements to revenue growth and profit margin forecasts, as well as new digital segment momentum and sector tailwinds. This comes despite continued macroeconomic uncertainty reflected in recent market research.
MPC
US$193.76
Marathon Petroleum
7D
-1.0%
1Y
24.2%
EXE
US$112.45
Expand Energy
7D
8.8%
1Y
21.6%
VG
US$7.99
Venture Global
7D
-4.4%
1Y
n/a
XOM
US$117.22
Exxon Mobil
7D
3.0%
1Y
-2.7%

XOM: Future Dividend Strength And Global Projects Will Balance Sector Risks

Exxon Mobil's analyst price target has increased slightly from $126.16 to $126.88, as analysts cite higher projected revenue growth and improved profit margins, despite mixed signals in recent industry research. Analyst Commentary Recent street research on Exxon Mobil presents a nuanced outlook, with both bullish and bearish analysts weighing in on the company's prospects.
BKR
US$47.87
Baker Hughes
7D
-1.6%
1Y
8.5%

BKR: Broader Energy Transition And Asset Portfolio Moves Will Shape Medium-Term Outlook

Analysts have raised their average price target for Baker Hughes, increasing it by approximately $0.68 to $52.43. Improving energy sector fundamentals and continued operational momentum support a more positive outlook for the shares.
EQT
US$57.97
EQT
7D
3.8%
1Y
31.8%

EQT: Expanding LNG Exports And Data Center Demand Will Drive Future Upside

EQT’s analyst price target has decreased modestly, falling by about $0.22. Analysts point to slightly lower revenue growth expectations and a higher discount rate.
OKE
US$68.12
ONEOK
7D
4.2%
1Y
-37.5%

Synergy Progress and Market Volatility Will Shape Midstream Expansion Ahead

ONEOK's fair value estimate has been lowered by analysts from $93.32 to $90.84 per share. This change reflects recent price target reductions, which are driven by a cautious outlook on synergy realization, evolving growth expectations, and continued macroeconomic uncertainty.