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U.S. Oil and Gas Drilling Industry Analysis

UpdatedSep 24, 2023
DataAggregated Company Financials
Companies14
  • 7D-4.5%
  • 3M31.5%
  • 1Y69.0%
  • YTD20.5%

Over the last 7 days, the Oil and Gas Drilling industry has dropped 4.5%, driven by declines from every company within the industry. In the past year, the industry has gained 69%. Earnings are forecast to grow by 55% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 24 Sep 2023US$32.5bUS$16.7bUS$299.5m17.4x108.5x2x
Tue, 22 Aug 2023US$29.9bUS$16.7bUS$299.5m10.3x99.7x1.8x
Thu, 20 Jul 2023US$29.4bUS$15.7bUS$73.9m20.8x397.1x1.9x
Sat, 17 Jun 2023US$23.2bUS$15.7bUS$73.9m16.7x313.3x1.5x
Mon, 15 May 2023US$21.9bUS$15.7bUS$73.9m16.5x296.4x1.4x
Wed, 12 Apr 2023US$24.7bUS$14.3b-US$501,182,000.0026.9x-49.2x1.7x
Fri, 10 Mar 2023US$25.4bUS$14.3b-US$508,285,000.0028.1x-49.9x1.8x
Sun, 05 Feb 2023US$27.2bUS$13.2b-US$1,047,521,000.0031.4x-26x2.1x
Tue, 03 Jan 2023US$25.2bUS$12.9b-US$1,194,661,000.0032.3x-21.1x2x
Thu, 01 Dec 2022US$25.1bUS$12.9b-US$1,194,661,000.0031.9x-21x2x
Sat, 29 Oct 2022US$24.0bUS$12.3b-US$1,615,951,000.0076.1x-14.8x1.9x
Mon, 26 Sep 2022US$15.1bUS$11.8b-US$1,869,485,000.0047.9x-8.1x1.3x
Wed, 24 Aug 2022US$19.0bUS$11.8b-US$1,869,485,000.0050.5x-10.2x1.6x
Fri, 22 Jul 2022US$15.9bUS$10.8b-US$7,622,904,000.0020.7x-2.1x1.5x
Sun, 19 Jun 2022US$18.0bUS$10.8b-US$7,622,904,000.0024.5x-2.4x1.7x
Tue, 17 May 2022US$19.4bUS$10.8b-US$7,576,318,000.0027.6x-2.6x1.8x
Thu, 14 Apr 2022US$20.7bUS$10.2b-US$8,607,670,000.006.2x-2.4x2x
Sat, 12 Mar 2022US$18.2bUS$9.8b-US$6,433,996,000.003.2x-2.8x1.9x
Mon, 07 Feb 2022US$14.2bUS$9.5b-US$9,009,780,000.000.7x-1.6x1.5x
Wed, 05 Jan 2022US$12.5bUS$9.3b-US$9,036,360,000.000.2x-1.4x1.3x
Fri, 03 Dec 2021US$10.2bUS$9.3b-US$9,036,360,000.000.2x-1.1x1.1x
Sun, 31 Oct 2021US$12.7bUS$9.2b-US$9,336,673,000.009.9x-1.4x1.4x
Tue, 28 Sep 2021US$12.5bUS$9.0b-US$9,400,314,000.0010.8x-1.3x1.4x
Thu, 26 Aug 2021US$10.5bUS$10.4b-US$9,477,487,000.000.6x-1.1x1x
Fri, 02 Jul 2021US$13.0bUS$10.4b-US$9,477,487,000.001.1x-1.4x1.2x
Mon, 05 Apr 2021US$7.5bUS$10.8b-US$7,470,600,000.000.8x-1x0.7x
Thu, 07 Jan 2021US$5.5bUS$11.1b-US$8,065,822,000.000.7x-0.7x0.5x
Wed, 30 Sep 2020US$3.0bUS$13.6b-US$9,448,803,000.000.8x-0.3x0.2x
Price to Earnings Ratio

-0.3x


Total Market Cap: US$3.0bTotal Earnings: -US$9,448,803,000.00Total Revenue: US$13.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Drilling Industry Price to Earnings3Y Average 24.9x202120222023
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 108x which is higher than its 3-year average PE of 24.8x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 2.0x.
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 7.1% 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-3.07%
Energy-2.03%
Energy Services-2.80%
Oil and Gas Drilling-4.46%
Oil and Gas Services-2.56%
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
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Latest News

PTEN

US$14.48

Patterson-UTI Energy

7D

-7.1%

1Y

33.3%

RIG

US$8.14

Transocean

7D

-2.0%

1Y

244.9%

DO

US$14.55

Diamond Offshore Drilling

7D

-7.0%

1Y

129.9%

HP

US$42.82

Helmerich & Payne

7D

-5.8%

1Y

20.7%

NBR

US$122.92

Nabors Industries

7D

-9.9%

1Y

30.2%

NE

US$50.75

Noble

7D

-4.3%

1Y

82.2%

ICD

US$2.90

Independence Contract Drilling

7D

-6.8%

1Y

-2.0%