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U.S. Oil and Gas Services Industry Analysis

UpdatedMar 28, 2026
DataAggregated Company Financials
Companies72
  • 7D8.3%
  • 3M41.2%
  • 1Y47.7%
  • YTDn/a

In the last week, the Oil and Gas Services industry is up 8.3%, with SLB up 15%. In the same time, Liberty Energy was down 7.7%. In the last 12 months, the industry was up 48%. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Mar 2026US$276.2bUS$143.0bUS$10.1b30.7x27.4x1.9x
Mon, 23 Feb 2026US$265.8bUS$143.2bUS$10.0b26.5x26.7x1.9x
Wed, 21 Jan 2026US$232.5bUS$142.5bUS$10.8b21.1x21.6x1.6x
Fri, 19 Dec 2025US$198.5bUS$142.7bUS$10.8b17.7x18.4x1.4x
Sun, 16 Nov 2025US$195.5bUS$142.0bUS$10.9b17.6x17.9x1.4x
Tue, 14 Oct 2025US$171.4bUS$142.7bUS$12.1b14x14.2x1.2x
Thu, 11 Sep 2025US$179.5bUS$142.7bUS$12.1b14.9x14.9x1.3x
Sat, 09 Aug 2025US$168.0bUS$142.6bUS$11.9b12x14.1x1.2x
Mon, 07 Jul 2025US$172.7bUS$147.3bUS$12.5b12.3x13.8x1.2x
Wed, 04 Jun 2025US$160.5bUS$148.2bUS$12.6b11.6x12.7x1.1x
Fri, 02 May 2025US$154.8bUS$147.6bUS$12.6b11.2x12.3x1x
Sun, 30 Mar 2025US$190.8bUS$148.4bUS$13.4b14.3x14.2x1.3x
Tue, 25 Feb 2025US$199.1bUS$148.0bUS$13.0b16.4x15.3x1.3x
Thu, 23 Jan 2025US$214.3bUS$147.5bUS$12.9b18.1x16.6x1.5x
Sat, 21 Dec 2024US$181.0bUS$146.7bUS$12.8b17x14.1x1.2x
Mon, 18 Nov 2024US$199.3bUS$146.7bUS$12.8b18.3x15.5x1.4x
Wed, 16 Oct 2024US$192.0bUS$145.0bUS$12.8b18.2x15x1.3x
Fri, 13 Sep 2024US$178.1bUS$145.0bUS$12.8b16.9x13.9x1.2x
Sun, 11 Aug 2024US$195.3bUS$144.7bUS$12.7b18.2x15.4x1.3x
Tue, 09 Jul 2024US$203.5bUS$143.6bUS$12.4b15.5x16.5x1.4x
Thu, 06 Jun 2024US$195.1bUS$143.6bUS$12.3b14.6x15.8x1.4x
Sat, 04 May 2024US$206.5bUS$144.7bUS$12.3b14.3x16.8x1.4x
Mon, 01 Apr 2024US$221.3bUS$142.2bUS$12.2b17.7x18.1x1.6x
Wed, 28 Feb 2024US$196.6bUS$142.3bUS$12.3b16.5x15.9x1.4x
Fri, 26 Jan 2024US$204.0bUS$146.1bUS$12.3b16.6x16.5x1.4x
Sun, 24 Dec 2023US$211.0bUS$143.2bUS$12.2b16.1x17.4x1.5x
Tue, 21 Nov 2023US$209.4bUS$143.2bUS$12.2b18.2x17.2x1.5x
Thu, 19 Oct 2023US$235.0bUS$139.4bUS$11.0b15.1x21.5x1.7x
Sat, 16 Sep 2023US$234.0bUS$138.6bUS$10.9b18.2x21.5x1.7x
Mon, 14 Aug 2023US$596.5bUS$138.5bUS$10.9b16.6x54.9x4.3x
Wed, 12 Jul 2023US$529.9bUS$132.0bUS$8.4b21.2x62.8x4x
Fri, 09 Jun 2023US$501.6bUS$132.4bUS$8.4b20.7x59.5x3.8x
Sun, 07 May 2023US$175.6bUS$131.5bUS$8.4b17.7x21x1.3x
Tue, 04 Apr 2023US$194.6bUS$124.0bUS$5.9b23.5x32.8x1.6x
Price to Earnings Ratio

32.8x


Total Market Cap: US$194.6bTotal Earnings: US$5.9bTotal Revenue: US$124.0bTotal 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 27.4x 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 1.9x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Equipment and Services industry have grown 19% per year over the last three years.
  • Revenues for these companies have grown 4.9% 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 Market-1.92%
Energy5.81%
Energy Services8.30%
Oil and Gas Services8.31%
Oil and Gas Drilling8.20%
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$53.5014.7%
+US$10.3b		27.7%PE23.8x
HAL HalliburtonUS$40.4210.6%
+US$3.3b		61.2%PE26.4x
BKR Baker HughesUS$63.224.8%
+US$2.8b		46.8%PE24.1x
FTI TechnipFMCUS$71.199.1%
+US$2.4b		128.3%PE29.5x
WFRD Weatherford InternationalUS$95.8911.3%
+US$699.2m		80.6%PE16x

Latest News

SLB
US$53.50
SLB
7D
14.7%
1Y
27.7%
BKR
US$63.22
Baker Hughes
7D
4.8%
1Y
46.8%
TDW
US$82.40
Tidewater
7D
13.7%
1Y
89.6%

TDW: Raised Outlook Into 2026 Will Face Execution And Timing Risks

The updated analyst work lifts Tidewater's fair value estimate from $45 to $52, with the higher target supported by Street research highlighting a raised $94 price target and expectations for a stronger setup into 2026. Analyst Commentary The latest Street research highlights a higher price target of $94 and an In Line rating.
NOV
US$19.88
NOV
7D
6.4%
1Y
32.6%

NOV: Structural Oilfield Activity And Capital Returns Will Support Future Re Rating

Analysts have nudged NOV's price targets higher into the high teens and low $20s, citing what they see as structural demand for oilfield services and opportunities arising from geopolitical dislocations. At the same time, the model inputs around revenue growth, profit margins and future P/E remain broadly consistent with prior assumptions.
WFRD
US$95.89
Weatherford International
7D
11.3%
1Y
80.6%
KGS
US$58.47
Kodiak Gas Services
7D
4.6%
1Y
55.5%

KGS: Revised Earnings Models And Catalyst Watch Will Shape A Measured Outlook

Narrative Update on Kodiak Gas Services Analysts have lifted the average price target for Kodiak Gas Services by roughly $19, toward the low $60s, as recent research cites updated earnings models, revised commodity price assumptions, and potential 90 day catalysts tied to the base business. Analyst Commentary Bullish analysts have been lifting their price targets for Kodiak Gas Services into the low US$60s, pointing to refreshed earnings models, updated commodity assumptions, and specific company level catalysts.
DTI
US$3.67
Drilling Tools International
7D
-2.4%
1Y
43.4%

DTI: 2026 Earnings Risk Will Likely Limit Future Share Price Upside

Analysts have trimmed their price target on Drilling Tools International to $2.25, reflecting slightly adjusted assumptions around the discount rate, revenue growth, profit margins, and future P/E expectations. What's in the News Drilling Tools International issued earnings guidance for the year ending December 31, 2026, outlining expectations for both revenue and net income (company guidance).
HAL
US$40.42
Halliburton
7D
10.6%
1Y
61.2%

HAL: Venezuela Euphoria Will Pressure Shares As U.S. Land Headwinds Persist

Halliburton's updated analyst price targets have edged higher, with a modest rise in fair value to about $28.17. This is supported by analysts who cite firmer profit margin assumptions, a slightly lower discount rate and a reduced future P/E outlook, even as revenue expectations are tempered.
SEI
US$57.83
Solaris Energy Infrastructure
7D
-6.4%
1Y
153.0%

SEI: Expanded Capacity And Hyperscaler Contracts Will Support Data Center Power Demand

Analysts have raised the Solaris Energy Infrastructure price target to about $61, up from $60, citing planned capacity additions, growing data center and hyperscaler demand, and updated P/E assumptions that incorporate recent Street research from firms across the sector. Analyst Commentary Recent Street research on Solaris Energy Infrastructure highlights a mix of optimism around capacity growth and data center demand, alongside a more cautious thread focused on valuation and execution risks.
OMSE
US$4.55
OMS Energy Technologies
7D
-13.0%
1Y
n/a
FTI
US$71.19
TechnipFMC
7D
9.1%
1Y
128.3%
FLOC
US$21.00
Flowco Holdings
7D
-3.2%
1Y
-19.2%
RCON
US$0.81
Recon Technology
7D
-7.1%
1Y
-49.1%
LBRT
US$29.04
Liberty Energy
7D
-7.7%
1Y
83.8%

LBRT: Future Returns Will Balance Data Center Power Buildout And Geopolitical Cyclicality

Analysts have nudged the fair value estimate for Liberty Energy higher, with the implied price target moving from about $25.17 to roughly $28.85. This points to increased confidence around the company’s evolving mix of oil and gas completions and its growing Power business, despite geopolitical noise.
AESI
US$13.22
Atlas Energy Solutions
7D
-1.9%
1Y
-25.7%

AESI: Weak Power Pipeline And 2026 Volume Uncertainty Will Restrain Upside

Atlas Energy Solutions' analyst fair value estimate has shifted to $9 from $8 as analysts weigh mixed price target changes across the Street, including recent revisions in the $8 to $14 range and updated views on growth, margins, and future P/E assumptions. Analyst Commentary Recent Street research around Atlas Energy Solutions reflects a split view, with some firms lifting price targets while others trim expectations or keep cautious ratings.
VNTG
US$0.83
Vantage
7D
-9.8%
1Y
n/a