Weatherford International (NASDAQ:WFRD) Has A Rock Solid Balance Sheet
Apr 23
U.S. Energy Services Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies87
- 7D-3.1%
- 3M7.9%
- 1Y14.3%
- YTD3.5%
Over the last 7 days, the Energy Services industry has dropped 3.1%, driven by Schlumberger declining 3.7%. This takes the industry's 12 month performance to a gain of 14%. Looking forward, earnings are forecast to grow by 19% annually.
Industry Valuation and Performance
Has the U.S. Energy Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 23 Apr 2024 | US$243.4b | US$163.0b | US$13.5b | 14.9x | 18x | 1.5x |
| Thu, 21 Mar 2024 | US$246.8b | US$160.7b | US$13.1b | 17.2x | 18.8x | 1.5x |
| Sat, 17 Feb 2024 | US$221.1b | US$160.1b | US$12.3b | 15.9x | 18x | 1.4x |
| Mon, 15 Jan 2024 | US$224.3b | US$161.6b | US$12.1b | 15.5x | 18.6x | 1.4x |
| Wed, 13 Dec 2023 | US$221.2b | US$160.7b | US$12.1b | 16.3x | 18.3x | 1.4x |
| Fri, 10 Nov 2023 | US$236.8b | US$160.6b | US$12.2b | 14.9x | 19.4x | 1.5x |
| Sun, 08 Oct 2023 | US$249.7b | US$156.7b | US$11.4b | 13.9x | 21.9x | 1.6x |
| Tue, 05 Sep 2023 | US$261.9b | US$155.2b | US$11.2b | 16.4x | 23.5x | 1.7x |
| Thu, 03 Aug 2023 | US$567.2b | US$153.3b | US$10.8b | 20.9x | 52.6x | 3.7x |
| Sat, 01 Jul 2023 | US$532.9b | US$147.7b | US$8.5b | 18.2x | 62.6x | 3.6x |
| Mon, 29 May 2023 | US$512.0b | US$148.1b | US$8.5b | 17.5x | 60.2x | 3.5x |
| Wed, 26 Apr 2023 | US$207.7b | US$138.8b | US$6.8b | 24x | 30.6x | 1.5x |
| Fri, 24 Mar 2023 | US$193.2b | US$139.1b | US$5.6b | 20.4x | 34.8x | 1.4x |
| Sun, 19 Feb 2023 | US$228.5b | US$136.2b | US$4.7b | 21.5x | 49.1x | 1.7x |
| Tue, 17 Jan 2023 | US$243.6b | US$129.7b | US$3.0b | 25.5x | 82.4x | 1.9x |
| Thu, 15 Dec 2022 | US$213.5b | US$129.7b | US$3.0b | 22.3x | 72.2x | 1.6x |
| Sat, 12 Nov 2022 | US$231.4b | US$129.5b | US$2.9b | 25.3x | 79.3x | 1.8x |
| Mon, 10 Oct 2022 | US$181.5b | US$121.7b | US$804.7m | 30x | 225.6x | 1.5x |
| Wed, 07 Sep 2022 | US$169.6b | US$120.8b | US$704.1m | 29.9x | 240.9x | 1.4x |
| Fri, 05 Aug 2022 | US$157.1b | US$119.4b | -US$1,283,429,637.00 | 30.5x | -122.4x | 1.3x |
| Sun, 03 Jul 2022 | US$169.0b | US$113.9b | -US$5,583,955,686.00 | 34.1x | -30.3x | 1.5x |
| Tue, 31 May 2022 | US$219.8b | US$113.7b | -US$5,671,491,317.00 | 34.4x | -38.8x | 1.9x |
| Thu, 28 Apr 2022 | US$187.9b | US$110.5b | -US$6,477,273,602.00 | 20.9x | -29x | 1.7x |
| Sat, 26 Mar 2022 | US$208.4b | US$108.3b | -US$5,176,644,814.00 | 23x | -40.3x | 1.9x |
| Mon, 21 Feb 2022 | US$174.5b | US$114.3b | -US$7,681,718,650.00 | 26.7x | -22.7x | 1.5x |
| Wed, 19 Jan 2022 | US$164.0b | US$111.0b | -US$8,813,866,792.00 | 35.9x | -18.6x | 1.5x |
| Fri, 17 Dec 2021 | US$135.5b | US$111.0b | -US$8,813,810,347.00 | 29.3x | -15.4x | 1.2x |
| Sun, 14 Nov 2021 | US$152.6b | US$111.2b | -US$8,999,676,693.00 | 28.2x | -17x | 1.4x |
| Tue, 12 Oct 2021 | US$165.8b | US$107.9b | -US$10,887,983,513.00 | 32.4x | -15.2x | 1.5x |
| Thu, 09 Sep 2021 | US$121.4b | US$109.3b | -US$10,780,912,113.86 | 19.4x | -11.3x | 1.1x |
| Sat, 07 Aug 2021 | US$122.9b | US$109.7b | -US$10,688,104,611.33 | 19.7x | -11.5x | 1.1x |
| Fri, 30 Apr 2021 | US$114.8b | US$106.3b | -US$12,773,858,578.82 | 8.4x | -9x | 1.1x |
Price to Earnings Ratio
-9x
Current Industry PE
- Investors are pessimistic on the American Energy Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 18.0x which is lower than its 3-year average PE of 27.0x.
- The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- Total earnings for the Energy Services industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 15% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the U.S. Energy industry?
| US Market | -3.18% | |
| Energy | -1.22% | |
| Energy Services | -3.12% | |
| Oil and Gas Services | -2.99% | |
| Oil and Gas Drilling | -3.96% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Drilling industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 38.9%, which is lower than the prior year's growth of 177.9% per year.
- Investors are most pessimistic about the Oil and Gas Services industry, which is trading below its 3-year average of 70.2x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 39% over the next 5 years.
- However this is lower than its past earnings growth rate of 178% per year.
- In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 16% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BKR Baker Hughes | US$32.46 | 1.1% +US$359.1m | 10.8% | PE16.7x | |
| HAL Halliburton | US$38.72 | 0.7% +US$248.2m | 16.5% | PE13x | |
| LBRT Liberty Energy | US$22.12 | 2.5% +US$102.2m | 69.6% | PE7.8x | |
| WFRD Weatherford International | US$115.10 | 1.2% +US$100.5m | 93.7% | PE20x | |
| WHD Cactus | US$51.23 | 2.6% +US$84.3m | 24.6% | PE19.8x |
