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U.S. Oil and Gas Services Industry Analysis

UpdatedMay 15, 2026
DataAggregated Company Financials
Companies82
  • 7D4.1%
  • 3M13.3%
  • 1Y77.5%
  • YTDn/a

Over the last 7 days, the Oil and Gas Services industry has risen 4.1%, driven by gains from SLB of 5.2%. This means that the industry has gained 77% over the past year. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 15 May 2026US$298.3bUS$145.2bUS$10.7b26.9x27.8x2.1x
Sun, 12 Apr 2026US$278.1bUS$143.8bUS$10.1b28x27.5x1.9x
Tue, 10 Mar 2026US$254.8bUS$143.2bUS$10.0b28.4x25.4x1.8x
Thu, 05 Feb 2026US$252.4bUS$143.2bUS$10.1b23.5x24.9x1.8x
Sat, 03 Jan 2026US$200.7bUS$142.7bUS$10.8b19x18.6x1.4x
Mon, 01 Dec 2025US$198.8bUS$142.7bUS$10.8b17.1x18.4x1.4x
Wed, 29 Oct 2025US$189.9bUS$142.0bUS$10.7b16.6x17.7x1.3x
Fri, 26 Sep 2025US$187.7bUS$142.7bUS$12.1b14.6x15.6x1.3x
Sun, 24 Aug 2025US$178.7bUS$142.7bUS$12.1b14.5x14.8x1.3x
Tue, 22 Jul 2025US$161.9bUS$143.3bUS$12.1b11.4x13.3x1.1x
Thu, 19 Jun 2025US$175.9bUS$148.2bUS$12.6b12.5x13.9x1.2x
Sat, 17 May 2025US$167.2bUS$148.5bUS$12.7b11.7x13.2x1.1x
Mon, 14 Apr 2025US$156.6bUS$148.6bUS$13.5b11.8x11.6x1.1x
Wed, 12 Mar 2025US$182.1bUS$148.3bUS$13.4b13.1x13.6x1.2x
Fri, 07 Feb 2025US$205.9bUS$148.0bUS$13.1b17.3x15.7x1.4x
Sun, 05 Jan 2025US$193.8bUS$146.7bUS$12.8b18.8x15.1x1.3x
Tue, 03 Dec 2024US$208.7bUS$146.7bUS$12.8b19.5x16.3x1.4x
Thu, 31 Oct 2024US$183.5bUS$146.6bUS$13.3b18.4x13.8x1.3x
Sat, 28 Sep 2024US$186.1bUS$145.0bUS$12.8b18.2x14.5x1.3x
Mon, 26 Aug 2024US$199.1bUS$144.9bUS$12.7b19.5x15.7x1.4x
Wed, 24 Jul 2024US$215.3bUS$144.6bUS$12.5b17.3x17.2x1.5x
Fri, 21 Jun 2024US$196.8bUS$143.6bUS$12.4b15x15.9x1.4x
Sun, 19 May 2024US$214.4bUS$143.6bUS$12.3b15.7x17.4x1.5x
Tue, 16 Apr 2024US$218.8bUS$142.2bUS$12.2b16.7x17.9x1.5x
Thu, 14 Mar 2024US$206.6bUS$142.2bUS$12.2b16.4x16.9x1.5x
Sat, 10 Feb 2024US$189.5bUS$141.8bUS$12.3b16x15.4x1.3x
Mon, 08 Jan 2024US$207.0bUS$144.1bUS$12.1b16.3x17.1x1.4x
Wed, 06 Dec 2023US$207.6bUS$143.2bUS$12.2b17.4x17.1x1.5x
Fri, 03 Nov 2023US$217.6bUS$142.2bUS$12.2b15.4x17.8x1.5x
Sun, 01 Oct 2023US$228.5bUS$138.6bUS$10.9b16.7x21x1.6x
Tue, 29 Aug 2023US$218.6bUS$138.6bUS$10.9b15.7x20.1x1.6x
Thu, 27 Jul 2023US$537.4bUS$136.0bUS$10.6b22.4x50.9x4x
Sat, 24 Jun 2023US$495.4bUS$132.0bUS$8.4b18.5x58.8x3.8x
Mon, 22 May 2023US$491.0bUS$132.4bUS$8.4b17.6x58.3x3.7x
Price to Earnings Ratio

58.3x


Total Market Cap: US$491.0bTotal Earnings: US$8.4bTotal Revenue: US$132.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Services Industry Price to Earnings3Y Average 20.8x202420252026
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 27.8x which is higher than its 3-year average PE of 20.8x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Equipment and Services industry have grown 8.4% per year over the last three years.
  • Revenues for these companies have grown 3.1% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

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

US Market1.15%
Energy3.37%
Energy Services4.67%
Oil and Gas Services4.13%
Oil and Gas Drilling9.16%
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$55.755.2%
+US$4.1b		56.1%PE25x
HAL HalliburtonUS$41.295.5%
+US$1.8b		96.2%PE22.4x
BKR Baker HughesUS$64.611.7%
+US$1.1b		71.2%PE20.6x
FTI TechnipFMCUS$73.012.8%
+US$789.4m		131.4%PE26.9x
WFRD Weatherford InternationalUS$109.196.7%
+US$495.6m		125.2%PE17x

Latest News

KGS
US$74.23
Kodiak Gas Services
7D
5.6%
1Y
108.3%
SEI
US$78.27
Solaris Energy Infrastructure
7D
7.1%
1Y
246.5%
SND
US$4.73
Smart Sand
7D
-3.5%
1Y
150.9%
DTI
US$3.10
Drilling Tools International
7D
-7.2%
1Y
29.2%
Narrative Update • May 12

DTI: Share Repurchases And 2026 Earnings Guidance Will Drive Future Upside

Analysts have adjusted their price target on Drilling Tools International to $6.00, supported by assumptions that now reflect a discount rate of 8.49%, revenue growth of 5.33%, a profit margin of 11.63%, and a future P/E of 13.12x. What's in the News Drilling Tools International reaffirmed earnings guidance for the year ending December 31, 2026, with expected revenue in the range of $155 million to $170 million and an outcome between a net loss of $500,000 and net income of $3,000,000 (company guidance).
HAL
US$41.29
Halliburton
7D
5.5%
1Y
96.2%
FTI
US$73.01
TechnipFMC
7D
2.8%
1Y
131.4%
BKR
US$64.61
Baker Hughes
7D
1.7%
1Y
71.2%
WFRD
US$109.19
Weatherford International
7D
6.7%
1Y
125.2%
Narrative Update • May 08

WFRD: Structural Offshore Contracts Will Support Future Earnings Repricing

Narrative Update: Weatherford International Analysts have lifted the price target for Weatherford International from $120 to about $149, citing updated assumptions around revenue growth, discount rates, margins and future P/E multiples following a series of recent target changes across major firms. Analyst Commentary Recent Street research on Weatherford International has been active, with several bullish analysts adjusting price targets higher over a relatively short period.
RES
US$7.08
RPC
7D
-0.7%
1Y
46.3%
SLB
US$55.75
SLB
7D
5.2%
1Y
56.1%
Seeking Alpha • May 07

SLB: A High-Tech Way To Play The Oil Industry

Summary SLB N.V. remains a soft Buy despite near-term headwinds, supported by resilient technology-driven segments and solid Q1 2026 results. Digital and Production Systems segments are delivering high-margin growth, offsetting declines in Reservoir Performance and Well Construction due to geopolitical disruptions. Q1 2026 revenue beat expectations at $8.72 billion, with profitability in line, though some segments face pricing and activity pressures from the Iran conflict. SLB trades at mid-pack valuation among peers; long-term optimism is anchored in digital expansion, offshore spending, and post-2026 oil/gas investment recovery. Read the full article on Seeking Alpha
AROC
US$37.22
Archrock
7D
-2.3%
1Y
45.7%
NOV
US$20.61
NOV
7D
6.8%
1Y
59.6%
Narrative Update • May 05

NOV: Future Returns Will Lag Structural Project Commitments Despite Recent Supportive Actions

The analyst price target for NOV has been raised by $1 to $17, as analysts cite revised assumptions regarding fair value, discount rate, revenue growth, profit margin, and future P/E following a series of recent price target increases across the Street. Analyst Commentary Recent research on NOV points to a cluster of higher price targets, including moves from several firms that adjusted their views around fair value, discount rates, revenue assumptions, margin expectations, and future P/E.
SMHI
US$7.13
SEACOR Marine Holdings
7D
-4.2%
1Y
41.2%
Seeking Alpha • May 04

Seacor Marine Holdings: Unlocking Value Through Strategic Asset Sales - Buy

Summary SEACOR Marine reported another set of mediocre quarterly results, with revenues coming in below consensus expectations and substantial cash burn from operations. SMHI management attributed the weak operating performance to recent asset sales, the recent escalation of the Middle East conflict, and elevated contract preparation activities. While operating results continue to disappoint, a new focus on unlocking value through strategic asset sales could act as a strong catalyst for the shares. With five vessels expected to be sold in the current quarter, the company is likely to report a substantial GAAP profit. In addition, cash and cash equivalents should increase materially. As more value from SEACOR's assets is getting unlocked, I would expect the massive NAV discount to narrow over time. With the investment thesis intact, I am reiterating my 'Buy' rating on SMHI's common shares. Read the full article on Seeking Alpha
GEOS
US$7.93
Geospace Technologies
7D
-6.7%
1Y
28.7%
OMSE
US$4.44
OMS Energy Technologies
7D
-3.5%
1Y
-42.6%
RCON
US$0.62
Recon Technology
7D
-26.2%
1Y
-65.2%