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U.S. Oil and Gas Drilling Industry Analysis

UpdatedSep 25, 2025
DataAggregated Company Financials
Companies10
  • 7D0.1%
  • 3M21.2%
  • 1Y-22.6%
  • YTDn/a

Over the last 7 days, the Oil and Gas Drilling industry has remained flat, although notably Transocean gained 7.1%. As for the longer term, the industry has declined 23% in the last year. Earnings are forecast to grow by 56% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Sep 2025US$19.3bUS$23.5b-US$2,026,761,000.0016.3x-9.5x0.8x
Sat, 23 Aug 2025US$17.2bUS$23.5b-US$2,024,944,000.0014.4x-8.5x0.7x
Mon, 21 Jul 2025US$16.7bUS$22.9b-US$423,533,000.009.6x-39.4x0.7x
Wed, 18 Jun 2025US$18.2bUS$22.9b-US$423,533,000.0010.2x-43x0.8x
Fri, 16 May 2025US$16.1bUS$22.9b-US$376,227,000.007x-42.9x0.7x
Sun, 13 Apr 2025US$13.8bUS$22.4b-US$8,645,000.006x-1601.8x0.6x
Tue, 11 Mar 2025US$17.4bUS$22.8bUS$87.3m6.9x199.6x0.8x
Thu, 06 Feb 2025US$22.9bUS$23.0bUS$852.9m7.7x26.9x1x
Sat, 04 Jan 2025US$23.3bUS$23.1bUS$782.8m7.8x29.7x1x
Mon, 02 Dec 2024US$23.2bUS$22.2bUS$699.8m6.3x33.2x1x
Wed, 30 Oct 2024US$22.5bUS$21.1bUS$975.9m6.8x23.1x1.1x
Fri, 27 Sep 2024US$24.0bUS$20.8bUS$2.0b8.6x12.3x1.2x
Sun, 25 Aug 2024US$27.1bUS$21.8bUS$1.7b9.1x16.1x1.2x
Tue, 23 Jul 2024US$31.5bUS$21.0bUS$1.6b11.6x20.3x1.5x
Thu, 20 Jun 2024US$29.2bUS$21.0bUS$1.6b10.7x18.8x1.4x
Sat, 18 May 2024US$32.0bUS$21.0bUS$1.6b11.6x20.7x1.5x
Mon, 15 Apr 2024US$32.5bUS$20.0bUS$1.2b12.2x26.7x1.6x
Wed, 13 Mar 2024US$27.4bUS$18.5bUS$915.8m11.3x30x1.5x
Fri, 09 Feb 2024US$25.5bUS$17.4bUS$9.9m15.6x2586.5x1.5x
Sun, 07 Jan 2024US$27.2bUS$17.5b-US$34,902,000.0015.7x-779.6x1.6x
Tue, 05 Dec 2023US$28.2bUS$17.5b-US$34,902,000.0017.3x-809.2x1.6x
Thu, 02 Nov 2023US$28.8bUS$17.1bUS$185.8m14.8x155.2x1.7x
Sat, 30 Sep 2023US$33.2bUS$16.7bUS$299.5m16.6x110.9x2x
Mon, 28 Aug 2023US$28.7bUS$16.7bUS$299.5m10.1x95.9x1.7x
Wed, 26 Jul 2023US$30.3bUS$15.7bUS$73.9m21.8x410x1.9x
Fri, 23 Jun 2023US$23.3bUS$15.7bUS$73.9m16.6x314.7x1.5x
Sun, 21 May 2023US$22.2bUS$15.7bUS$73.9m16.6x300.1x1.4x
Tue, 18 Apr 2023US$24.8bUS$14.3b-US$501,182,000.0026.9x-49.5x1.7x
Thu, 16 Mar 2023US$22.7bUS$14.3b-US$508,285,000.0025.3x-44.6x1.6x
Sat, 11 Feb 2023US$28.3bUS$13.7b-US$583,065,000.0032.6x-48.5x2.1x
Mon, 09 Jan 2023US$24.7bUS$12.9b-US$1,194,661,000.0031.6x-20.7x1.9x
Wed, 07 Dec 2022US$23.5bUS$12.9b-US$1,194,661,000.0030.9x-19.6x1.8x
Fri, 04 Nov 2022US$23.5bUS$12.4b-US$1,490,676,000.0036.1x-15.8x1.9x
Sun, 02 Oct 2022US$15.8bUS$11.8b-US$1,869,485,000.0049.8x-8.5x1.3x
Price to Earnings Ratio

-8.5x


Total Market Cap: US$15.8bTotal Earnings: -US$1,869,485,000.00Total Revenue: US$11.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Drilling Industry Price to Earnings3Y Average -66.5x202320242025
Current Industry PE
  • Investors are pessimistic on the American Oil and Gas Drilling industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 0.82x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Drilling industry have deteriorated over the last three years.
  • Meanwhile revenues for these companies have grown 26% 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 caused losses to expand.

Industry Comparison

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

US Market0.26%
Energy1.18%
Energy Services3.63%
Oil and Gas Drilling0.11%
Oil and Gas Services4.00%
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$3.647.1%
+US$226.3m		-17.6%PS0.9x
HP Helmerich & PayneUS$22.206.5%
+US$135.2m		-28.7%PS0.6x
PTEN Patterson-UTI EnergyUS$5.520.7%
+US$15.4m		-30.0%PS0.4x
BORR Borr DrillingUS$3.091.3%
+US$11.4m		-44.0%PE16.3x
NBR Nabors IndustriesUS$40.840.8%
+US$4.8m		-37.8%PS0.2x

Latest News

RIG
US$3.64
Transocean
7D
7.1%
1Y
-17.6%
PTEN
US$5.52
Patterson-UTI Energy
7D
0.7%
1Y
-30.0%
HP
US$22.20
Helmerich & Payne
7D
6.5%
1Y
-28.7%

Helmerich & Payne (NYSE:HP) Is Paying Out A Dividend Of $0.25

Sep 13
Helmerich & Payne (NYSE:HP) Is Paying Out A Dividend Of $0.25
VAL
US$50.80
Valaris
7D
-3.1%
1Y
-7.4%
NBR
US$40.84
Nabors Industries
7D
0.8%
1Y
-37.8%
NE
US$29.26
Noble
7D
-3.3%
1Y
-19.5%
BORR
US$3.09
Borr Drilling
7D
1.3%
1Y
-44.0%

Middle East Tenders May Stabilize Day Rates, But Cash Flow Risks In Mexico Remain

Analysts raised Borr Drilling’s price target to $3.80 as resilient 7G drillship utilization and improved valuation outweighed lingering concerns over offshore activity and sector uncertainty. Analyst Commentary Bearish analysts cite ongoing softness in offshore drilling activity and macro uncertainty, particularly relating to a slowdown in the overall offshore cycle.
SDRL
US$32.21
Seadrill
7D
-4.7%
1Y
-19.8%