Header cover image

U.S. Energy Services Industry Analysis

UpdatedFeb 22, 2024
DataAggregated Company Financials
Companies94
  • 7D3.3%
  • 3M-4.4%
  • 1Y-0.6%
  • YTD-4.1%

The Energy Services industry is up 2.0% in the last week, with Schlumberger up 3.1%. In the same time, Transocean was down 6.0%. The industry has been flat over the past 12 months despite the gain this week. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 22 Feb 2024US$219.8bUS$160.2bUS$12.6b15.9x17.5x1.4x
Sat, 20 Jan 2024US$221.6bUS$163.1bUS$12.1b16x18.3x1.4x
Mon, 18 Dec 2023US$233.4bUS$160.7bUS$12.1b16.9x19.3x1.5x
Wed, 15 Nov 2023US$241.9bUS$160.5bUS$12.1b18.7x20x1.5x
Fri, 13 Oct 2023US$260.3bUS$156.1bUS$11.3b15.2x23.1x1.7x
Sun, 10 Sep 2023US$262.2bUS$155.2bUS$11.2b16.7x23.5x1.7x
Tue, 08 Aug 2023US$568.3bUS$153.8bUS$10.8b20.8x52.5x3.7x
Thu, 06 Jul 2023US$534.5bUS$147.7bUS$8.5b19x62.8x3.6x
Sat, 03 Jun 2023US$521.7bUS$148.1bUS$8.5b18x61.4x3.5x
Mon, 01 May 2023US$207.9bUS$145.4bUS$8.3b19.7x25.1x1.4x
Wed, 29 Mar 2023US$204.1bUS$139.1bUS$5.5b23.9x36.8x1.5x
Fri, 24 Feb 2023US$224.9bUS$136.9bUS$4.9b25x46.3x1.6x
Sun, 22 Jan 2023US$238.5bUS$129.7bUS$3.0b24.6x80.7x1.8x
Tue, 20 Dec 2022US$209.5bUS$129.7bUS$3.0b22x70.9x1.6x
Thu, 17 Nov 2022US$226.0bUS$129.4bUS$2.8b23.5x79.7x1.7x
Sat, 15 Oct 2022US$177.9bUS$121.7bUS$804.5m26.6x221.1x1.5x
Mon, 12 Sep 2022US$175.9bUS$120.8bUS$704.1m30.3x249.7x1.5x
Wed, 10 Aug 2022US$161.8bUS$120.2b-US$1,127,856,224.0034x-143.5x1.3x
Fri, 08 Jul 2022US$162.4bUS$113.9b-US$5,582,928,502.0034x-29.1x1.4x
Sun, 05 Jun 2022US$221.2bUS$113.7b-US$5,633,227,665.0034.7x-39.3x1.9x
Tue, 03 May 2022US$186.1bUS$112.0b-US$6,605,193,994.0026.4x-28.2x1.7x
Thu, 31 Mar 2022US$202.6bUS$108.2b-US$5,146,554,337.0022.7x-39.4x1.9x
Sat, 26 Feb 2022US$170.5bUS$108.1b-US$5,082,090,450.0028.6x-33.5x1.6x
Mon, 24 Jan 2022US$157.4bUS$111.8b-US$8,945,876,407.0027.1x-17.6x1.4x
Wed, 22 Dec 2021US$135.6bUS$111.0b-US$8,813,779,036.0029.7x-15.4x1.2x
Fri, 19 Nov 2021US$146.6bUS$111.4b-US$8,870,661,548.0027x-16.5x1.3x
Sun, 17 Oct 2021US$162.6bUS$107.9b-US$10,888,010,936.0032.7x-14.9x1.5x
Tue, 14 Sep 2021US$125.5bUS$109.3b-US$10,780,912,113.8619.2x-11.6x1.1x
Thu, 12 Aug 2021US$123.9bUS$109.7b-US$10,688,104,611.3320.4x-11.6x1.1x
Mon, 07 Jun 2021US$134.6bUS$106.3b-US$12,773,858,578.828.4x-10.5x1.3x
Sun, 28 Feb 2021US$124.0bUS$114.4b-US$43,867,315,173.6710.5x-2.8x1.1x
Price to Earnings Ratio

-2.8x


Total Market Cap: US$124.0bTotal Earnings: -US$43,867,315,173.67Total Revenue: US$114.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Services Industry Price to Earnings3Y Average 25.7x202220232024
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 17.5x which is lower than its 3-year average PE of 25.7x.
  • The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.4x.
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 12% 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-0.48%
Energy3.65%
Energy Services3.30%
Oil and Gas Services3.40%
Oil and Gas Drilling2.53%
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 48.2%, which is lower than the prior year's growth of 118.6% per year.
  • Investors are most pessimistic about the Oil and Gas Services industry, which is trading below its 3-year average of 68.8x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 48% over the next 5 years.
  • However this is lower than its past earnings growth rate of 119% 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?

CompanyLast Price7D1YValuation
SLB SchlumbergerUS$49.213.1%
+US$2.1b
-6.1%PE16.7x
HAL HalliburtonUS$35.132.7%
+US$827.8m
-1.6%PE11.9x
PTEN Patterson-UTI EnergyUS$11.5912.1%
+US$521.6m
-12.2%PE19.6x
BKR Baker HughesUS$29.341.7%
+US$490.4m
-2.4%PE15.1x
FTI TechnipFMCUS$20.275.4%
+US$452.9m
53.3%PS1.2x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

BOOM

US$17.22

DMC Global

7D

-4.0%

1Y

-30.8%

OIS

US$5.68

Oil States International

7D

-4.4%

1Y

-36.1%

PTEN

US$11.59

Patterson-UTI Energy

7D

12.1%

1Y

-12.2%

AROC

US$18.48

Archrock

7D

13.7%

1Y

89.0%

TTI

US$3.84

TETRA Technologies

7D

-0.3%

1Y

1.9%

FTI

US$20.27

TechnipFMC

7D

5.4%

1Y

53.3%

WFRD

US$103.61

Weatherford International

7D

6.3%

1Y

71.9%

NOV

US$17.27

NOV

7D

-0.06%

1Y

-18.9%

ESOA

US$7.25

Energy Services of America

7D

-11.6%

1Y

187.7%

GIFI

US$4.49

Gulf Island Fabrication

7D

-2.4%

1Y

13.7%