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U.S. Oil and Gas Drilling Industry Analysis

UpdatedJun 16, 2026
DataAggregated Company Financials
Companies10
  • 7D-5.8%
  • 3M-5.5%
  • 1Y75.4%
  • YTDn/a

Over the last 7 days, the Oil and Gas Drilling industry has dropped 5.8%, driven by declines from every company within the industry. In the past year, the industry has gained 75%. As for the next few years, earnings are expected to grow by 60% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Jun 2026US$34.7bUS$23.9b-US$1,804,438,000.007x-19.2x1.5x
Fri, 15 May 2026US$37.6bUS$23.8b-US$1,811,568,000.007.6x-20.7x1.6x
Sun, 12 Apr 2026US$35.2bUS$24.0b-US$1,869,706,000.006.9x-18.8x1.5x
Tue, 10 Mar 2026US$32.0bUS$24.1b-US$1,822,300,000.006.4x-17.6x1.3x
Thu, 05 Feb 2026US$27.0bUS$23.7b-US$2,231,281,000.0016.5x-12.1x1.1x
Sat, 03 Jan 2026US$22.1bUS$23.7b-US$2,231,281,000.0013x-9.9x0.9x
Mon, 01 Dec 2025US$22.3bUS$23.7b-US$2,231,281,000.0011.5x-10x0.9x
Wed, 29 Oct 2025US$21.8bUS$23.3b-US$1,166,713,000.0016.3x-18.7x0.9x
Fri, 26 Sep 2025US$19.8bUS$23.5b-US$2,026,761,000.0015.7x-9.8x0.8x
Sun, 24 Aug 2025US$18.5bUS$23.5b-US$2,024,944,000.0014.4x-9.1x0.8x
Tue, 22 Jul 2025US$16.7bUS$22.9b-US$423,533,000.009.5x-39.3x0.7x
Thu, 19 Jun 2025US$18.1bUS$22.9b-US$423,533,000.0010.2x-42.8x0.8x
Sat, 17 May 2025US$15.8bUS$22.9b-US$392,233,000.008.2x-40.2x0.7x
Mon, 14 Apr 2025US$13.8bUS$22.4b-US$8,645,000.006x-1601.8x0.6x
Wed, 12 Mar 2025US$16.9bUS$22.8bUS$87.3m7x193.5x0.7x
Fri, 07 Feb 2025US$22.9bUS$22.6bUS$699.5m7.3x32.7x1x
Sun, 05 Jan 2025US$23.3bUS$23.1bUS$782.8m7.8x29.7x1x
Tue, 03 Dec 2024US$23.2bUS$22.2bUS$699.8m6.2x33.2x1x
Thu, 31 Oct 2024US$22.1bUS$21.1bUS$975.9m6.8x22.6x1x
Sat, 28 Sep 2024US$23.1bUS$20.8bUS$2.0b8.7x11.8x1.1x
Mon, 26 Aug 2024US$27.1bUS$21.8bUS$1.7b9.1x16.1x1.2x
Wed, 24 Jul 2024US$31.8bUS$21.0bUS$1.6b11.8x20.5x1.5x
Fri, 21 Jun 2024US$29.2bUS$21.0bUS$1.6b10.6x18.8x1.4x
Sun, 19 May 2024US$32.2bUS$21.0bUS$1.6b11.6x20.8x1.5x
Tue, 16 Apr 2024US$32.5bUS$20.0bUS$1.2b12.1x26.7x1.6x
Thu, 14 Mar 2024US$27.2bUS$18.5bUS$915.8m11.6x29.7x1.5x
Sat, 10 Feb 2024US$25.8bUS$17.4bUS$9.9m15.4x2614.6x1.5x
Mon, 08 Jan 2024US$27.2bUS$17.5b-US$34,902,000.0015.7x-779.6x1.6x
Wed, 06 Dec 2023US$27.7bUS$17.5b-US$34,902,000.0016.5x-794.5x1.6x
Fri, 03 Nov 2023US$29.2bUS$17.1bUS$185.4m15.4x157.5x1.7x
Sun, 01 Oct 2023US$32.3bUS$16.7bUS$299.5m16.6x108x1.9x
Tue, 29 Aug 2023US$28.7bUS$16.7bUS$299.5m10.1x95.9x1.7x
Thu, 27 Jul 2023US$30.0bUS$15.9bUS$194.4m21.5x154.4x1.9x
Sat, 24 Jun 2023US$22.4bUS$15.7bUS$73.9m16.1x302.6x1.4x
Price to Earnings Ratio

302.6x


Total Market Cap: US$22.4bTotal 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 -76.8x202420252026
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 1.5x.
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 Market2.20%
Energy-4.43%
Energy Services-3.37%
Oil and Gas Drilling-5.83%
Oil and Gas Services-3.08%
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
No data available

Latest News

RIG
US$5.59
Transocean
7D
-4.8%
1Y
74.1%
PTEN
US$10.35
Patterson-UTI Energy
7D
-10.7%
1Y
57.7%
SDRL
US$40.22
Seadrill
7D
-8.7%
1Y
40.8%
BORR
US$4.32
Borr Drilling
7D
-5.3%
1Y
97.3%
Seeking Alpha • Jun 15

Borr Drilling: A Strategic Investor's Trimming Is Putting Near-Term Pressure On The Stock

Summary Borr is undergoing a 30% correction off its recent highs so far as a strategic investor has been trimming their holdings. Other insiders have stepped in to add shares, suggesting the strategic investor isn't sizing down due to negative fundamental information. Borr has made a couple of important asset acquisitions and has taken off the table any near-term refinancing or liquidity risk. The company can gain from both a Hormuz open and Hormuz closed scenario. Read the full article on Seeking Alpha
NBR
US$91.20
Nabors Industries
7D
-5.4%
1Y
162.1%
Narrative Update • Jun 15

NBR: Earnings Inflection And International Exposure Will Shape Forward Risk Reward Balance

The analyst price target for Nabors Industries has been adjusted to $108.50. Analysts point to a slightly lower discount rate and a modestly higher assumed future P/E multiple as key drivers of the change, while revenue growth and profit margin assumptions remain nearly unchanged.
NE
US$43.51
Noble
7D
-4.0%
1Y
49.3%
VAL
US$82.64
Valaris
7D
-5.5%
1Y
78.1%
Narrative Update • Jun 12

VAL: Transocean Deal And Compressed Future P/E Will Restrain Equity Upside

Analysts have trimmed their Valaris price target from $47.00 to $45.00, citing updated assumptions for discount rate, revenue growth, profit margins and future P/E that re-balance upside potential against execution risk. What's in the News Transocean has announced an all stock acquisition of Valaris, with the deal targeted for early 2026.
HP
US$36.36
Helmerich & Payne
7D
-4.1%
1Y
101.0%