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U.S. Oil and Gas Services Industry Analysis

UpdatedJan 18, 2026
DataAggregated Company Financials
Companies78
  • 7D3.0%
  • 3M29.2%
  • 1Y9.6%
  • YTDn/a

In the last week, the Oil and Gas Services industry is up 3.0%, with SLB up 3.4%. Meanwhile, Weatherford International actually underperformed within the industry, shrinking 6.2% in the last week. This means that the industry has gained 9.6% over the past year. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 18 Jan 2026US$232.5bUS$142.5bUS$10.8b21.4x21.6x1.6x
Tue, 16 Dec 2025US$205.7bUS$142.7bUS$10.8b18.5x19.1x1.4x
Thu, 13 Nov 2025US$199.1bUS$142.0bUS$10.9b17.3x18.3x1.4x
Sat, 11 Oct 2025US$180.4bUS$142.7bUS$12.1b14.2x15x1.3x
Mon, 08 Sep 2025US$180.9bUS$142.7bUS$12.1b14.4x15x1.3x
Wed, 06 Aug 2025US$169.8bUS$142.6bUS$11.9b12.2x14.2x1.2x
Fri, 04 Jul 2025US$172.6bUS$147.3bUS$12.5b12.3x13.8x1.2x
Sun, 01 Jun 2025US$156.5bUS$148.5bUS$12.7b11.2x12.4x1.1x
Tue, 29 Apr 2025US$160.2bUS$147.7bUS$12.7b11.3x12.7x1.1x
Thu, 27 Mar 2025US$195.0bUS$148.4bUS$13.4b14.8x14.5x1.3x
Sat, 22 Feb 2025US$199.0bUS$148.0bUS$13.0b16.9x15.3x1.3x
Mon, 20 Jan 2025US$213.6bUS$147.5bUS$12.9b18.9x16.6x1.4x
Wed, 18 Dec 2024US$193.3bUS$146.7bUS$12.8b17.9x15.1x1.3x
Fri, 15 Nov 2024US$202.0bUS$146.7bUS$12.8b18.6x15.8x1.4x
Sun, 13 Oct 2024US$200.3bUS$145.0bUS$12.8b19x15.6x1.4x
Tue, 10 Sep 2024US$182.1bUS$145.0bUS$12.7b17.4x14.3x1.3x
Thu, 08 Aug 2024US$193.7bUS$144.9bUS$12.9b18.4x15x1.3x
Sat, 06 Jul 2024US$207.7bUS$143.6bUS$12.4b15.2x16.8x1.4x
Mon, 03 Jun 2024US$208.7bUS$143.6bUS$12.3b15.1x16.9x1.5x
Wed, 01 May 2024US$207.5bUS$144.4bUS$12.3b15.3x16.9x1.4x
Fri, 29 Mar 2024US$220.0bUS$142.2bUS$12.2b17.7x18x1.5x
Sun, 25 Feb 2024US$197.6bUS$142.4bUS$12.4b15.4x15.9x1.4x
Tue, 23 Jan 2024US$200.0bUS$145.5bUS$12.2b16.7x16.4x1.4x
Thu, 21 Dec 2023US$211.1bUS$143.2bUS$12.2b16x17.4x1.5x
Sat, 18 Nov 2023US$205.7bUS$143.2bUS$12.1b18.3x16.9x1.4x
Mon, 16 Oct 2023US$230.3bUS$139.4bUS$11.0b15.1x21x1.7x
Wed, 13 Sep 2023US$234.9bUS$138.6bUS$10.9b17.5x21.6x1.7x
Fri, 11 Aug 2023US$568.2bUS$138.5bUS$10.9b17.3x52.3x4.1x
Sun, 09 Jul 2023US$520.8bUS$132.0bUS$8.4b20.7x61.7x3.9x
Tue, 06 Jun 2023US$498.1bUS$132.4bUS$8.4b19.1x59.1x3.8x
Thu, 04 May 2023US$170.5bUS$130.8bUS$8.3b17.5x20.5x1.3x
Sat, 01 Apr 2023US$184.1bUS$124.0bUS$5.9b22.2x31.2x1.5x
Mon, 27 Feb 2023US$203.3bUS$123.6bUS$5.6b21.8x36.1x1.6x
Wed, 25 Jan 2023US$206.6bUS$120.3bUS$4.3b22.9x47.7x1.7x
Price to Earnings Ratio

47.7x


Total Market Cap: US$206.6bTotal Earnings: US$4.3bTotal Revenue: US$120.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Services Industry Price to Earnings3Y Average 21.6x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Oil and Gas Equipment and Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 21.6x.
  • The industry is trading close to its 3-year average PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Equipment and Services industry have grown 35% per year over the last three years.
  • Revenues for these companies have grown 5.8% 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-0.29%
Energy2.86%
Energy Services2.98%
Oil and Gas Services3.00%
Oil and Gas Drilling2.83%
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$46.733.4%
+US$2.3b		7.2%PE19.2x
BKR Baker HughesUS$51.753.6%
+US$1.8b		11.2%PE17.7x
FTI TechnipFMCUS$52.164.2%
+US$845.4m		60.1%PE21.7x
TTI TETRA TechnologiesUS$11.5717.2%
+US$227.4m		135.2%PE12.7x
XPRO Expro Group HoldingsUS$16.2111.3%
+US$189.6m		9.3%PE27.2x

Latest News

XPRO
US$16.21
Expro Group Holdings
7D
11.3%
1Y
9.3%
TTI
US$11.57
TETRA Technologies
7D
17.2%
1Y
135.2%
HAL
US$32.57
Halliburton
7D
-0.2%
1Y
8.9%
WFRD
US$83.74
Weatherford International
7D
-6.2%
1Y
13.2%
NGS
US$33.64
Natural Gas Services Group
7D
-2.2%
1Y
20.2%

NGS: Stable Margins And Lower Discount Rate Will Support Future Upside

Analysts have trimmed their price target on Natural Gas Services Group to US$39.50. This reflects slightly lower assumed discount rates and future P/E multiples, while keeping fair value estimates broadly unchanged.
NOV
US$18.00
NOV
7D
2.7%
1Y
15.2%

NOV: Balanced Outlook As Sector Activity And Execution Risks Shape Prospects

Analysts have nudged their price targets for NOV higher, with recent moves such as US$19 to US$22, US$17 to US$20 and US$14 to US$16. This points to a modest uplift in fair value estimates supported by slightly adjusted growth, margin and P/E assumptions across the oilfield services group.
BKR
US$51.75
Baker Hughes
7D
3.6%
1Y
11.2%

BKR: IET Resilience And Potential Breakup Will Shape Next Cycle Outlook

Analysts have made only a small adjustment to their Baker Hughes price targets, with a blended fair value estimate now effectively unchanged at about US$53. This reflects mixed views, as some firms trimmed targets on more cautious oilfield spending expectations, while others nudged them higher on resilient U.S. activity and the ongoing strength of the Industrial & Energy Technology business.
SEI
US$56.87
Solaris Energy Infrastructure
7D
7.0%
1Y
81.6%

SEI: Future Capacity Expansion May Support Second Data Center Contract Opportunity

Our analyst price target for Solaris Energy Infrastructure moves to US$71 from US$53, reflecting analysts' higher capacity assumptions and updated views on margins and future P/E based on recent Street research. Analyst Commentary Bullish analysts are increasingly aligning around a higher valuation framework for Solaris Energy Infrastructure, with a series of upward price target revisions clustered in recent research.
STAK
US$0.40
STAK
7D
-5.0%
1Y
n/a
SLB
US$46.73
SLB
7D
3.4%
1Y
7.2%

SLB: Macro Headwinds And Weaker Oil Prices Will Pressure Future Performance

Analysts have nudged their fair value estimate for SLB up to $38 from $36, citing a modestly lower discount rate, higher assumed revenue growth, and a richer future P/E multiple. These changes are informed by recent price target moves that balance optimism on activity and digital tailwinds with caution around macro and valuation risks.
FTI
US$52.16
TechnipFMC
7D
4.2%
1Y
60.1%
KLXE
US$2.15
KLX Energy Services Holdings
7D
-0.5%
1Y
-67.7%

KLX Energy: Strong Upside As US Onshore Rig Activity Stabilize Led By Natural Gas Improvements

Jan 06
AROC
US$26.47
Archrock
7D
2.8%
1Y
-11.0%

AROC: Expanded Buybacks Will Support Upside As 2025 Earnings Guidance Rises

Analysts have adjusted their price target on Archrock to reflect updated assumptions around the discount rate and future P/E. The new target is now anchored near US$31.56 as they fine tune their valuation framework.
RCON
US$1.40
Recon Technology
7D
-8.5%
1Y
-42.9%
SMHI
US$6.05
SEACOR Marine Holdings
7D
-1.3%
1Y
-13.9%

Health Check: How Prudently Does SEACOR Marine Holdings (NYSE:SMHI) Use Debt?

Dec 22
Health Check: How Prudently Does SEACOR Marine Holdings (NYSE:SMHI) Use Debt?