Narrative Update • Aug 01
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U.S. Oil and Gas Drilling Industry Analysis
UpdatedAug 09, 2026
DataAggregated Company Financials
Companies9
- 7D-1.8%
- 3M-18.0%
- 1Y70.7%
- YTDn/a
Over the last 7 days, the Oil and Gas Drilling industry has dropped 1.8%, driven by a pullback from Noble of 3.8%. Meanwhile, Helmerich & Payne actually outperformed within the industry, gaining 7.3% in the last week. This takes the industry's 12 month performance to a gain of 71%. Looking forward, 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 09 Aug 2026 | US$30.5b | US$23.5b | -US$624,264,000.00 | 21x | -48.8x | 1.3x |
| Tue, 07 Jul 2026 | US$28.4b | US$23.7b | -US$1,864,007,000.00 | 15.8x | -15.2x | 1.2x |
| Thu, 04 Jun 2026 | US$35.6b | US$23.9b | -US$1,804,438,000.00 | 7.1x | -19.7x | 1.5x |
| Sat, 02 May 2026 | US$38.2b | US$23.8b | -US$1,929,392,000.00 | 7.4x | -19.8x | 1.6x |
| Mon, 30 Mar 2026 | US$36.8b | US$24.1b | -US$1,869,706,000.00 | 7.2x | -19.7x | 1.5x |
| Wed, 25 Feb 2026 | US$33.2b | US$24.0b | -US$1,711,300,000.00 | 20.3x | -19.4x | 1.4x |
| Fri, 23 Jan 2026 | US$25.2b | US$23.7b | -US$2,231,281,000.00 | 14x | -11.3x | 1.1x |
| Sun, 21 Dec 2025 | US$21.3b | US$23.7b | -US$2,231,281,000.00 | 12.6x | -9.6x | 0.9x |
| Tue, 18 Nov 2025 | US$21.9b | US$23.4b | -US$2,176,927,000.00 | 14.4x | -10.1x | 0.9x |
| Thu, 16 Oct 2025 | US$18.9b | US$23.5b | -US$2,026,761,000.00 | 14.5x | -9.3x | 0.8x |
| Sat, 13 Sep 2025 | US$19.7b | US$23.5b | -US$2,026,761,000.00 | 15.9x | -9.7x | 0.8x |
| Mon, 11 Aug 2025 | US$17.4b | US$23.5b | -US$2,030,940,000.00 | 13.6x | -8.6x | 0.7x |
| Wed, 09 Jul 2025 | US$17.3b | US$22.9b | -US$423,533,000.00 | 10.8x | -40.9x | 0.8x |
| Fri, 06 Jun 2025 | US$16.5b | US$22.9b | -US$423,533,000.00 | 8.8x | -39.1x | 0.7x |
| Sun, 04 May 2025 | US$15.0b | US$22.6b | -US$220,210,000.00 | 6.2x | -68.2x | 0.7x |
| Tue, 01 Apr 2025 | US$18.0b | US$22.4b | -US$8,645,000.00 | 7x | -2086x | 0.8x |
| Thu, 27 Feb 2025 | US$18.8b | US$23.0b | US$59.3m | 7.5x | 316.8x | 0.8x |
| Sat, 25 Jan 2025 | US$23.7b | US$23.0b | US$852.9m | 8x | 27.8x | 1x |
| Mon, 23 Dec 2024 | US$20.2b | US$22.2b | US$698.6m | 5.7x | 28.9x | 0.9x |
| Wed, 20 Nov 2024 | US$23.2b | US$22.2b | US$710.7m | 6.2x | 32.6x | 1x |
| Fri, 18 Oct 2024 | US$22.9b | US$20.8b | US$2.0b | 9x | 11.7x | 1.1x |
| Sun, 15 Sep 2024 | US$23.0b | US$20.8b | US$2.0b | 8.6x | 11.8x | 1.1x |
| Tue, 13 Aug 2024 | US$27.7b | US$21.8b | US$1.7b | 9.5x | 16.3x | 1.3x |
| Thu, 11 Jul 2024 | US$29.8b | US$21.0b | US$1.6b | 11x | 19.2x | 1.4x |
| Sat, 08 Jun 2024 | US$29.4b | US$21.0b | US$1.6b | 10.7x | 19x | 1.4x |
| Mon, 06 May 2024 | US$30.2b | US$20.8b | US$1.5b | 11.7x | 19.6x | 1.5x |
| Wed, 03 Apr 2024 | US$32.8b | US$20.0b | US$1.2b | 12.2x | 26.9x | 1.6x |
| Fri, 01 Mar 2024 | US$25.2b | US$18.5b | US$915.8m | 10.6x | 27.6x | 1.4x |
| Sun, 28 Jan 2024 | US$26.7b | US$17.5b | -US$34,902,000.00 | 15.8x | -764.8x | 1.5x |
| Tue, 26 Dec 2023 | US$27.7b | US$17.5b | -US$34,902,000.00 | 16x | -792.3x | 1.6x |
| Thu, 23 Nov 2023 | US$28.0b | US$17.5b | -US$34,902,000.00 | 17.5x | -802.1x | 1.6x |
| Sat, 21 Oct 2023 | US$30.4b | US$16.7b | US$299.5m | 16.4x | 101.4x | 1.8x |
| Mon, 18 Sep 2023 | US$34.0b | US$16.7b | US$299.5m | 18.7x | 113.6x | 2x |
| Wed, 16 Aug 2023 | US$29.0b | US$16.7b | US$299.5m | 10.4x | 96.8x | 1.7x |
Price to Earnings Ratio
96.8x
Current Industry PE
- Investors are relatively neutral on the American Oil and Gas Drilling industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 1.2x.
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 12% 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 | 4.18% | |
| Energy | -3.06% | |
| Energy Services | 0.82% | |
| Oil and Gas Drilling | -1.75% | |
| Oil and Gas Services | 1.12% | |
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 | |
|---|---|---|---|---|---|
| HP Helmerich & Payne | US$37.10 | 7.3% +US$253.1m | 114.6% | PS0.9x |
