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U.S. Oil and Gas Services Industry Analysis

UpdatedAug 15, 2026
DataAggregated Company Financials
Companies78
  • 7D7.5%
  • 3M-2.0%
  • 1Y69.6%
  • YTDn/a

The Oil and Gas Services industry is up 7.5% in the last week, with SLB up 6.4%. In the same time, Energy Services of America was down 18%. This means that the industry has gained 70% over the past year. As for the next few years, earnings are expected to grow by 18% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 15 Aug 2026US$283.2bUS$147.1bUS$10.6b26x26.7x1.9x
Mon, 13 Jul 2026US$268.7bUS$146.4bUS$10.8b26.6x24.8x1.8x
Wed, 10 Jun 2026US$296.6bUS$146.4bUS$10.8b27.9x27.4x2x
Fri, 08 May 2026US$299.5bUS$144.4bUS$10.8b27.2x27.8x2.1x
Sun, 05 Apr 2026US$268.5bUS$143.8bUS$10.1b27.7x26.5x1.9x
Tue, 03 Mar 2026US$272.3bUS$143.4bUS$9.8b27.5x27.8x1.9x
Thu, 29 Jan 2026US$249.9bUS$143.1bUS$10.2b22x24.6x1.7x
Sat, 27 Dec 2025US$199.0bUS$142.7bUS$10.8b18.3x18.5x1.4x
Mon, 24 Nov 2025US$194.7bUS$142.7bUS$10.8b16.7x18x1.4x
Wed, 22 Oct 2025US$178.1bUS$141.7bUS$11.0b15.5x16.2x1.3x
Fri, 19 Sep 2025US$180.2bUS$142.7bUS$12.1b14.3x14.9x1.3x
Sun, 17 Aug 2025US$168.4bUS$142.7bUS$12.1b13.8x14x1.2x
Tue, 15 Jul 2025US$178.7bUS$147.3bUS$12.5b11.7x14.3x1.2x
Thu, 12 Jun 2025US$170.9bUS$148.2bUS$12.6b11.6x13.5x1.2x
Sat, 10 May 2025US$160.4bUS$148.3bUS$12.7b11.7x12.6x1.1x
Mon, 07 Apr 2025US$154.9bUS$148.3bUS$13.5b11.8x11.5x1x
Wed, 05 Mar 2025US$187.8bUS$148.2bUS$13.4b13.5x14x1.3x
Fri, 31 Jan 2025US$198.2bUS$147.1bUS$12.8b17.7x15.5x1.3x
Sun, 29 Dec 2024US$185.6bUS$146.7bUS$12.8b17.3x14.5x1.3x
Tue, 26 Nov 2024US$208.1bUS$146.7bUS$12.8b19.5x16.2x1.4x
Thu, 24 Oct 2024US$186.5bUS$146.2bUS$13.1b17.8x14.2x1.3x
Sat, 21 Sep 2024US$194.4bUS$145.0bUS$12.8b18.8x15.1x1.3x
Mon, 19 Aug 2024US$198.9bUS$144.9bUS$12.7b19x15.6x1.4x
Wed, 17 Jul 2024US$215.5bUS$143.6bUS$12.4b17.5x17.4x1.5x
Fri, 14 Jun 2024US$197.0bUS$143.6bUS$12.4b14.4x16x1.4x
Sun, 12 May 2024US$210.6bUS$143.6bUS$12.3b16x17.1x1.5x
Tue, 09 Apr 2024US$228.4bUS$142.2bUS$12.2b17.8x18.6x1.6x
Thu, 07 Mar 2024US$199.7bUS$142.5bUS$12.4b15.8x16.2x1.4x
Sat, 03 Feb 2024US$193.7bUS$146.3bUS$12.8b16.6x15.1x1.3x
Mon, 01 Jan 2024US$208.9bUS$144.1bUS$12.1b16x17.2x1.4x
Wed, 29 Nov 2023US$208.8bUS$143.2bUS$12.2b18x17.2x1.5x
Fri, 27 Oct 2023US$220.1bUS$142.2bUS$12.0b14.2x18.3x1.5x
Sun, 24 Sep 2023US$228.7bUS$138.6bUS$10.9b16.2x21.1x1.7x
Tue, 22 Aug 2023US$223.0bUS$138.6bUS$10.9b16.3x20.5x1.6x
Price to Earnings Ratio

20.5x


Total Market Cap: US$223.0bTotal Earnings: US$10.9bTotal Revenue: US$138.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Services Industry Price to Earnings3Y Average 18.2x202420252026
Current Industry PE
  • Investors are optimistic on the American Oil and Gas Equipment and Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 26.7x which is higher than its 3-year average PE of 18.2x.
  • The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Oil and Gas Equipment and Services industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Comparison

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

US Market0.58%
Energy6.92%
Energy Services8.00%
Oil and Gas Services7.55%
Oil and Gas Drilling11.99%
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
SLB SLBUS$53.776.4%
+US$4.8b		63.0%PE25.7x
FTI TechnipFMCUS$78.6112.9%
+US$3.5b		124.7%PE26.2x
BKR Baker HughesUS$64.825.3%
+US$3.2b		51.4%PE20.8x
HAL HalliburtonUS$34.427.9%
+US$2.1b		63.0%PE17.9x
NESR National Energy Services ReunitedUS$36.3125.1%
+US$735.3m		421.7%PE39.2x

Latest News

FTI
US$78.61
TechnipFMC
7D
12.9%
1Y
124.7%
KLXE
US$1.66
KLX Energy Services Holdings
7D
-19.4%
1Y
-9.3%
Analysis Article • Aug 14

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) Just Reported, And Analysts Assigned A US$3.00 Price Target

There's been a major selloff in KLX Energy Services Holdings, Inc. ( NASDAQ:KLXE ) shares in the week since it released...
WBI
US$31.73
WaterBridge Infrastructure
7D
-0.8%
1Y
n/a
BKR
US$64.82
Baker Hughes
7D
5.3%
1Y
51.4%
KGS
US$65.35
Kodiak Gas Services
7D
9.1%
1Y
87.6%
Analysis Article • Aug 12

Kodiak Gas Services, Inc. Just Missed EPS By 18%: Here's What Analysts Think Will Happen Next

Investors in Kodiak Gas Services, Inc. ( NYSE:KGS ) had a good week, as its shares rose 2.6% to close at US$61.10...
TDW
US$94.28
Tidewater
7D
13.8%
1Y
68.2%
Narrative Update • Aug 12

TDW: Upgraded Ratings Will Test Rich 2026 Outlook Against Cycle Risk

Analysts have lifted their fair value estimate for Tidewater from $54.00 to $68.00, citing recent upgrades and research that point to a solid outlook at what they view as a discounted share price. Analyst Commentary on Tidewater Recent Street research on Tidewater highlights a mix of optimism and caution.
NESR
US$36.31
National Energy Services Reunited
7D
25.1%
1Y
421.7%
Narrative Update • Aug 11

NESR: Kuwait Contracts And Middle East Demand Will Support Future Stock Repricing

Analysts have lifted the fair value estimate for National Energy Services Reunited to $41.86 from $31.86, pointing to higher price targets up to $45, a slightly higher discount rate, and modestly stronger assumptions for revenue growth, profit margin and future P/E multiples following recent earnings beats and resilient Middle East services demand. Analyst Commentary Recent research on National Energy Services Reunited points to a cluster of higher price targets following stronger quarterly results and resilient Middle East activity.
ESOA
US$12.83
Energy Services of America
7D
-18.0%
1Y
39.3%
HAL
US$34.42
Halliburton
7D
7.9%
1Y
63.0%
Narrative Update • Aug 11

HAL: International Contracts And Mixed Oilfield Spending Will Temper Returns

For Halliburton, the updated analyst work points to a modestly higher fair value of about $33.61 per share, with analysts generally trimming price targets after recent Q2 results while still reflecting slightly stronger profit margin assumptions and only small changes to forward P/E expectations. Analyst Commentary Recent Street research around Halliburton points to a mixed but generally more restrained tone.
TUSK
US$3.32
Mammoth Energy Services
7D
-2.1%
1Y
48.2%
GEOS
US$5.60
Geospace Technologies
7D
-4.3%
1Y
-65.5%
SLB
US$53.77
SLB
7D
6.4%
1Y
63.0%
BOOM
US$7.55
DMC Global
7D
-1.4%
1Y
21.2%
Narrative Update • Aug 03

BOOM: Stronger Q2 And Q3 Guidance Will Support Balanced Yet Constrained Upside Potential

Analysts have raised their price target on DMC Global to $8 from $7, citing stronger than expected Q2 results and solid Q3 guidance as key factors supporting the revised outlook. What’s in the News for DMC Global DMC Global issued earnings guidance for Q3 2026, with expected sales in a range of US$158 million to US$168 million.
WFRD
US$94.79
Weatherford International
7D
9.2%
1Y
71.4%
MIND
US$4.73
MIND Technology
7D
-6.9%
1Y
-49.7%
DWSN
US$3.20
Dawson Geophysical
7D
-26.6%
1Y
147.7%