Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Energy Services Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies88
  • 7D2.2%
  • 3M36.8%
  • 1Y43.0%
  • YTD32.2%

Over the last 7 days, the Energy Services industry has risen 2.2%, driven by gains from Baker Hughes of 4.9%. Meanwhile, TETRA Technologies actually underperformed within the industry, shrinking 21% in the last week. This means that the industry has gained 43% over the past year. As for the next few years, earnings are expected to grow by 18% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Mar 2026US$306.0bUS$167.5bUS$8.0b27.5x38.3x1.8x
Wed, 28 Jan 2026US$272.5bUS$166.8bUS$7.9b22.5x34.3x1.6x
Fri, 26 Dec 2025US$220.6bUS$166.4bUS$8.6b18.1x25.8x1.3x
Sun, 23 Nov 2025US$211.6bUS$166.4bUS$8.5b16.6x24.9x1.3x
Tue, 21 Oct 2025US$197.7bUS$165.2bUS$9.5b14.6x20.8x1.2x
Thu, 18 Sep 2025US$202.2bUS$166.2bUS$10.0b15.1x20.2x1.2x
Sat, 16 Aug 2025US$187.6bUS$166.2bUS$10.0b13.7x18.7x1.1x
Mon, 14 Jul 2025US$196.9bUS$170.2bUS$12.1b11.9x16.3x1.2x
Wed, 11 Jun 2025US$183.5bUS$171.1bUS$12.2b10.6x15x1.1x
Fri, 09 May 2025US$171.1bUS$171.1bUS$12.4b10.8x13.8x1x
Sun, 06 Apr 2025US$168.2bUS$170.7bUS$13.4b10.6x12.5x1x
Tue, 04 Mar 2025US$214.5bUS$171.0bUS$13.5b12.3x15.9x1.3x
Thu, 30 Jan 2025US$222.1bUS$170.3bUS$13.7b14.7x16.2x1.3x
Sat, 28 Dec 2024US$206.4bUS$168.9bUS$13.5b15.4x15.3x1.2x
Mon, 25 Nov 2024US$234.2bUS$168.9bUS$13.5b16.2x17.3x1.4x
Wed, 23 Oct 2024US$211.0bUS$166.6bUS$14.8b17.8x14.3x1.3x
Fri, 20 Sep 2024US$212.7bUS$165.8bUS$14.8b18.2x14.4x1.3x
Sun, 18 Aug 2024US$226.3bUS$166.7bUS$14.4b18.5x15.7x1.4x
Tue, 16 Jul 2024US$239.1bUS$164.6bUS$13.9b15.3x17.2x1.5x
Thu, 13 Jun 2024US$231.3bUS$164.6bUS$13.9b14.3x16.6x1.4x
Sat, 11 May 2024US$244.3bUS$164.4bUS$13.9b14.4x17.6x1.5x
Mon, 08 Apr 2024US$262.5bUS$162.2bUS$13.5b16.3x19.5x1.6x
Wed, 06 Mar 2024US$224.7bUS$161.0bUS$13.3b15.5x16.9x1.4x
Fri, 02 Feb 2024US$222.2bUS$163.5bUS$12.3b16.2x18.1x1.4x
Sun, 31 Dec 2023US$236.8bUS$161.6bUS$12.1b15.9x19.6x1.5x
Tue, 28 Nov 2023US$237.8bUS$160.7bUS$12.1b17.6x19.6x1.5x
Thu, 26 Oct 2023US$251.8bUS$157.6bUS$11.8b14.9x21.3x1.6x
Sat, 23 Sep 2023US$261.2bUS$155.2bUS$11.2b16.8x23.4x1.7x
Mon, 21 Aug 2023US$621.6bUS$155.2bUS$11.2b15.7x55.7x4x
Wed, 19 Jul 2023US$564.1bUS$147.7bUS$8.5b21.3x66.3x3.8x
Fri, 16 Jun 2023US$522.5bUS$148.1bUS$8.5b18.9x61.4x3.5x
Sun, 14 May 2023US$191.7bUS$148.0bUS$8.5b17x22.5x1.3x
Tue, 11 Apr 2023US$211.8bUS$138.3bUS$5.4b25.1x39x1.5x
Thu, 09 Mar 2023US$234.9bUS$138.6bUS$5.5b25.3x43.1x1.7x
Price to Earnings Ratio

43.1x


Total Market Cap: US$234.9bTotal Earnings: US$5.5bTotal Revenue: US$138.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Services Industry Price to Earnings3Y Average 23.7x202420252026
Current Industry PE
  • Investors are optimistic on the American Energy Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 38.3x which is higher than its 3-year average PE of 23.7x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Energy Services industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 6.5% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

US Market-0.57%
Energy1.73%
Energy Services2.16%
Oil and Gas Services2.44%
Oil and Gas Drilling-0.054%
Industry PE
  • Investors are most optimistic about the Oil and Gas Services industry which is trading above its 3-year average PE ratio of 20.9x.
    • Analysts are expecting annual earnings growth of 14.5%, which is higher than its past year's earnings decline of 33.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 49% over the next 5 years.
  • This is better than its past earnings decline of 45% per year.
  • In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 15% 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
BKR Baker HughesUS$65.264.9%
+US$3.0b		46.4%PE24.9x
FTI TechnipFMCUS$66.313.2%
+US$824.1m		135.1%PE27.5x
HAL HalliburtonUS$36.002.2%
+US$636.5m		43.9%PE23.5x
AROC ArchrockUS$35.337.6%
+US$425.2m		35.7%PE19.4x
KGS Kodiak Gas ServicesUS$54.578.5%
+US$377.7m		33.0%PE59.7x

Latest News

TTI
US$8.66
TETRA Technologies
7D
-21.3%
1Y
138.6%
KGS
US$54.57
Kodiak Gas Services
7D
8.5%
1Y
33.0%
OII
US$35.50
Oceaneering International
7D
-4.6%
1Y
71.2%

OII: Venezuela Hype Will Likely Outrun Offshore Execution Reality

Narrative Update on Oceaneering International Analysts have lifted their average price target on Oceaneering International by about $5, to roughly $27.50. This reflects updated models after the Q4 report and recent sector adjustments that factor in both revised growth expectations and more cautious views on how quickly Venezuela related opportunities could translate into offshore activity.
SEI
US$49.63
Solaris Energy Infrastructure
7D
-2.1%
1Y
57.2%
WHD
US$54.00
Cactus
7D
-4.6%
1Y
7.3%

WHD: International Expansion May Usher In New Era Of Transformative Growth

Analysts have raised their price target on Cactus from $57.00 to about $69.54, citing expectations for a “new era of transformative growth” supported by international expansion of the Surface Pressure Control business and potential margin optimization across U.S. and overseas markets. Analyst Commentary Bullish analysts are framing the recent price target increase on Cactus as part of a broader re-rating story tied to execution on international expansion and profitability.
AROC
US$35.33
Archrock
7D
7.6%
1Y
35.7%
INVX
US$26.35
Innovex International
7D
-3.0%
1Y
52.8%
BOOM
US$5.89
DMC Global
7D
-32.4%
1Y
-28.0%

BOOM: Future P/E Re Rating Will Drive Upside Despite Weather Headwinds

Analysts have adjusted their price target on DMC Global to $9.00 from $10.25, citing updated assumptions regarding revenue growth, profit margins, and a higher future P/E multiple. What's in the News DMC Global issued earnings guidance for the first quarter of 2026, with expected sales in a range of $132 million to $138 million.
LBRT
US$28.09
Liberty Energy
7D
5.4%
1Y
75.8%
AESI
US$9.63
Atlas Energy Solutions
7D
-12.5%
1Y
-46.6%
BKR
US$65.26
Baker Hughes
7D
4.9%
1Y
46.4%

BKR: IET Execution And Energy Transition Deals Will Support Fairly Valued Outlook

The analyst fair value estimate for Baker Hughes has moved modestly higher to $60.80. The shift is supported by a series of recent price target increases from major firms that point to recalibrated assumptions around long term earnings power and sector positioning.
HAL
US$36.00
Halliburton
7D
2.2%
1Y
43.9%

HAL: Venezuela Euphoria And U.S. Land Headwinds Will Pressure Future Returns

Analysts have modestly lifted their fair value estimate for Halliburton to $28.33. This change is supported by a series of higher Street price targets that reflect updated views on revenue trends, profit margins and future P/E assumptions.
VAL
US$95.85
Valaris
7D
2.5%
1Y
191.8%
NESR
US$25.05
National Energy Services Reunited
7D
-3.8%
1Y
210.4%

National Energy Services Reunited Targets MENA And Asia's Rapid Industrialization And Urbanization

Feb 21
FTI
US$66.31
TechnipFMC
7D
3.2%
1Y
135.1%
PUMP
US$12.13
ProPetro Holding
7D
11.3%
1Y
58.1%