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U.S. Oil and Gas Drilling Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies11
- 7D-2.2%
- 3M-7.7%
- 1Y-23.6%
- YTDn/a
Over the last 7 days, the Oil and Gas Drilling industry has dropped 4.3%, driven by a pullback from Helmerich & Payne of 7.7%. Overall the industry is down 25% in 12 months. Earnings are forecast to grow by 38% annually.
Industry Valuation and Performance
Has the U.S. Oil and Gas Drilling Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | US$22.8b | US$22.2b | US$699.8m | 6.4x | 32.6x | 1x |
| Sat, 19 Oct 2024 | US$23.3b | US$20.8b | US$2.0b | 8.7x | 11.9x | 1.1x |
| Mon, 16 Sep 2024 | US$23.0b | US$20.8b | US$2.0b | 8.6x | 11.8x | 1.1x |
| Wed, 14 Aug 2024 | US$27.9b | US$21.8b | US$1.7b | 9.3x | 16.4x | 1.3x |
| Fri, 12 Jul 2024 | US$29.9b | US$21.0b | US$1.6b | 11.3x | 19.3x | 1.4x |
| Sun, 09 Jun 2024 | US$29.3b | US$21.0b | US$1.6b | 10.7x | 18.9x | 1.4x |
| Tue, 07 May 2024 | US$30.8b | US$20.8b | US$1.5b | 11.9x | 20x | 1.5x |
| Thu, 04 Apr 2024 | US$34.2b | US$20.0b | US$1.2b | 12.6x | 28.1x | 1.7x |
| Sat, 02 Mar 2024 | US$25.3b | US$18.5b | US$915.8m | 10.9x | 27.6x | 1.4x |
| Mon, 29 Jan 2024 | US$26.7b | US$17.5b | -US$34,902,000.00 | 15.8x | -764.8x | 1.5x |
| Wed, 27 Dec 2023 | US$27.7b | US$17.5b | -US$34,902,000.00 | 16.4x | -792.3x | 1.6x |
| Fri, 24 Nov 2023 | US$27.8b | US$17.5b | -US$34,902,000.00 | 17.5x | -796.3x | 1.6x |
| Sun, 22 Oct 2023 | US$30.4b | US$16.7b | US$299.5m | 16.4x | 101.4x | 1.8x |
| Tue, 19 Sep 2023 | US$34.0b | US$16.7b | US$299.5m | 18.7x | 113.5x | 2x |
| Thu, 17 Aug 2023 | US$29.0b | US$16.7b | US$299.5m | 10.3x | 96.7x | 1.7x |
| Sat, 15 Jul 2023 | US$27.6b | US$15.7b | US$73.9m | 19.7x | 373.5x | 1.8x |
| Mon, 12 Jun 2023 | US$23.5b | US$15.7b | US$73.9m | 17.3x | 317.5x | 1.5x |
| Wed, 10 May 2023 | US$22.0b | US$15.7b | US$61.3m | 13.2x | 358.8x | 1.4x |
| Fri, 07 Apr 2023 | US$23.7b | US$14.3b | -US$501,182,000.00 | 25.7x | -47.3x | 1.7x |
| Sun, 05 Mar 2023 | US$28.0b | US$13.5b | -US$508,285,000.00 | 30.8x | -55.2x | 2.1x |
| Tue, 31 Jan 2023 | US$27.4b | US$12.9b | -US$1,194,661,000.00 | 34.5x | -22.9x | 2.1x |
| Thu, 29 Dec 2022 | US$24.4b | US$12.9b | -US$1,194,661,000.00 | 31.5x | -20.4x | 1.9x |
| Sat, 26 Nov 2022 | US$24.4b | US$12.6b | -US$1,319,205,000.00 | 28.9x | -18.5x | 1.9x |
| Mon, 24 Oct 2022 | US$24.0b | US$12.6b | -US$1,769,313,000.00 | 44.6x | -13.6x | 1.9x |
| Wed, 21 Sep 2022 | US$17.6b | US$11.8b | -US$1,869,485,000.00 | 53.9x | -9.4x | 1.5x |
| Fri, 19 Aug 2022 | US$19.1b | US$11.8b | -US$1,869,485,000.00 | 52.4x | -10.2x | 1.6x |
| Sun, 17 Jul 2022 | US$15.1b | US$10.8b | -US$7,622,904,000.00 | 19.9x | -2x | 1.4x |
| Tue, 14 Jun 2022 | US$20.1b | US$10.8b | -US$7,622,904,000.00 | 25x | -2.6x | 1.9x |
| Thu, 12 May 2022 | US$17.8b | US$10.7b | -US$7,597,404,000.00 | 24.7x | -2.3x | 1.7x |
| Sat, 09 Apr 2022 | US$19.8b | US$10.2b | -US$8,607,670,000.00 | 6.1x | -2.3x | 2x |
| Mon, 07 Mar 2022 | US$17.1b | US$9.7b | -US$6,445,608,000.00 | 3x | -2.7x | 1.8x |
| Wed, 02 Feb 2022 | US$13.7b | US$9.5b | -US$9,009,767,000.00 | 0.2x | -1.5x | 1.5x |
| Fri, 31 Dec 2021 | US$11.3b | US$9.3b | -US$9,036,360,000.00 | 0.2x | -1.3x | 1.2x |
| Sun, 28 Nov 2021 | US$10.6b | US$9.3b | -US$9,036,360,000.00 | 0.2x | -1.2x | 1.1x |
Price to Earnings Ratio
-1.2x
Current Industry PE
- Investors are optimistic on the American Oil and Gas Drilling industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 32.6x which is higher than its 3-year average PE of -10.2x.
- The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.0x.
Past Earnings Growth
- Total earnings for the Oil and Gas Drilling industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 34% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does U.S. Oil and Gas Drilling compare with similar industries?
| US Market | -1.04% | |
| Energy | 1.78% | |
| Energy Services | 1.04% | |
| Oil and Gas Drilling | -2.19% | |
| Oil and Gas Services | 1.42% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SDRL Seadrill | US$40.68 | 2.6% +US$67.9m | -2.7% | PE6.4x |
