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U.S. Oil and Gas Drilling Industry Analysis

UpdatedMay 20, 2026
DataAggregated Company Financials
Companies10
  • 7D8.7%
  • 3M24.4%
  • 1Y160.0%
  • YTDn/a

In the last week, the Oil and Gas Drilling industry is up 8.7%, with all of the companies up. This takes the industry's 12 month performance to a gain of 160%. Earnings are forecast to grow by 58% annually.

Industry Valuation and Performance

Has the U.S. Oil and Gas Drilling Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 20 May 2026US$41.4bUS$23.8b-US$1,811,568,000.008x-22.9x1.7x
Fri, 17 Apr 2026US$33.9bUS$24.0b-US$1,869,706,000.006.7x-18.1x1.4x
Sun, 15 Mar 2026US$33.9bUS$24.1b-US$1,822,300,000.006.6x-18.6x1.4x
Tue, 10 Feb 2026US$28.7bUS$24.1b-US$2,339,965,000.0019.2x-12.3x1.2x
Thu, 08 Jan 2026US$23.3bUS$23.7b-US$2,231,281,000.0013.5x-10.4x1x
Sat, 06 Dec 2025US$23.7bUS$23.7b-US$2,231,281,000.0013.2x-10.6x1x
Mon, 03 Nov 2025US$21.5bUS$23.4b-US$2,152,027,000.0016.3x-10x0.9x
Wed, 01 Oct 2025US$19.2bUS$23.5b-US$2,026,761,000.0014.5x-9.5x0.8x
Fri, 29 Aug 2025US$18.8bUS$23.5b-US$2,024,944,000.0014.7x-9.3x0.8x
Sun, 27 Jul 2025US$17.9bUS$22.7b-US$483,754,000.0010.7x-37x0.8x
Tue, 24 Jun 2025US$16.8bUS$22.9b-US$423,533,000.009.6x-39.8x0.7x
Thu, 22 May 2025US$15.1bUS$22.9b-US$392,233,000.007.5x-38.4x0.7x
Sat, 19 Apr 2025US$14.3bUS$22.4b-US$8,645,000.005.9x-1654.5x0.6x
Mon, 17 Mar 2025US$17.5bUS$22.4b-US$78,705,000.007.3x-222.2x0.8x
Wed, 12 Feb 2025US$22.1bUS$22.6bUS$699.5m7.1x31.6x1x
Fri, 10 Jan 2025US$23.1bUS$23.1bUS$782.8m7.7x29.5x1x
Sun, 08 Dec 2024US$21.6bUS$22.2bUS$698.6m6x30.9x1x
Tue, 05 Nov 2024US$22.2bUS$21.5bUS$753.6m6.9x29.4x1x
Thu, 03 Oct 2024US$23.4bUS$20.8bUS$2.0b9.1x12x1.1x
Sat, 31 Aug 2024US$26.6bUS$21.8bUS$1.7b9.1x15.8x1.2x
Mon, 29 Jul 2024US$33.0bUS$21.5bUS$1.4b11.8x23x1.5x
Wed, 26 Jun 2024US$29.8bUS$21.0bUS$1.6b10.6x19.2x1.4x
Fri, 24 May 2024US$31.4bUS$21.0bUS$1.6b11.2x20.3x1.5x
Sun, 21 Apr 2024US$31.2bUS$20.0bUS$1.2b11.7x25.6x1.6x
Tue, 19 Mar 2024US$28.0bUS$18.5bUS$915.8m11.7x30.6x1.5x
Thu, 15 Feb 2024US$25.5bUS$17.4bUS$9.9m15.2x2589.7x1.5x
Sat, 13 Jan 2024US$25.8bUS$17.5b-US$34,902,000.0015.1x-739.1x1.5x
Mon, 11 Dec 2023US$26.1bUS$17.5b-US$34,902,000.0015.9x-747.3x1.5x
Wed, 08 Nov 2023US$29.2bUS$17.1bUS$185.4m14.1x157.6x1.7x
Fri, 06 Oct 2023US$29.8bUS$16.7bUS$299.5m14.6x99.6x1.8x
Sun, 03 Sep 2023US$30.7bUS$16.7bUS$299.5m10.5x102.7x1.8x
Tue, 01 Aug 2023US$30.8bUS$16.1bUS$296.0m22.1x104x1.9x
Thu, 29 Jun 2023US$22.7bUS$15.7bUS$73.9m16.3x307.8x1.4x
Sat, 27 May 2023US$23.0bUS$15.7bUS$73.9m17.5x310.9x1.5x
Price to Earnings Ratio

310.9x


Total Market Cap: US$23.0bTotal Earnings: US$73.9mTotal Revenue: US$15.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Drilling Industry Price to Earnings3Y Average -68x202420252026
Current Industry PE
  • Investors are optimistic on the American Oil and Gas Drilling industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • Total earnings for the Oil and Gas Drilling industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 15% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does U.S. Oil and Gas Drilling compare with similar industries?

US Market-1.01%
Energy5.34%
Energy Services2.53%
Oil and Gas Drilling8.65%
Oil and Gas Services1.75%
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?

CompanyLast Price7D1YValuation
RIG TransoceanUS$7.4513.9%
+US$1.0b		192.2%PS2x
VAL ValarisUS$111.0514.2%
+US$959.1m		196.4%PE7.7x
NE NobleUS$54.265.9%
+US$480.2m		124.6%PE37.8x
SDRL SeadrillUS$54.238.5%
+US$267.0m		128.0%PS2.4x
PTEN Patterson-UTI EnergyUS$12.735.6%
+US$254.3m		118.0%PS1x

Latest News

HP
US$40.95
Helmerich & Payne
7D
4.5%
1Y
154.2%
VAL
US$111.05
Valaris
7D
14.2%
1Y
196.4%
RIG
US$7.45
Transocean
7D
13.9%
1Y
192.2%
NBR
US$108.29
Nabors Industries
7D
6.2%
1Y
302.1%
Narrative Update • May 17

NBR: International Reactivations And Margin Execution Will Frame 2026 Risk Reward Profile

Nabors Industries' analyst price target has been updated from $71.25 to $108.50, with analysts pointing to refreshed models that incorporate different revenue growth, profit margin and discount rate assumptions following a series of recent target increases across major firms. Analyst Commentary Recent research updates on Nabors Industries have centered on refreshed models, with several firms adjusting price targets and ratings following the latest quarterly results and updated company guidance.
PTEN
US$12.73
Patterson-UTI Energy
7D
5.6%
1Y
118.0%
SDRL
US$54.23
Seadrill
7D
8.5%
1Y
128.0%
Seeking Alpha • May 15

Seadrill: Bright Outlook, But Beware Of The Risks

Summary Seadrill has outperformed the S&P 500, driven by strong business momentum and surging oil prices linked to the Middle East crisis. SDRL’s backlog has grown to $3.1 billion—2.2x trailing 12-month revenue—supported by high dayrates and multi-year contracts. Valuation remains reasonable at 15.1x 2027 and 11.4x 2028 expected earnings, with analysts likely to revise estimates upward amid favorable conditions. Despite a healthier balance sheet, SDRL’s high cyclicality and bankruptcy history make it suitable mainly for short-term traders, not long-term investors. Read the full article on Seeking Alpha
NE
US$54.26
Noble
7D
5.9%
1Y
124.6%