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U.S. Oil and Gas Services Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies76
  • 7D1.8%
  • 3M6.0%
  • 1Y7.9%
  • YTDn/a

Over the last 7 days, the Oil and Gas Services industry has risen 1.8%, driven by gains in SLB and Halliburton of 1.6% and 3.6%, respectively. This takes the industry's 12 month performance to a gain of 7.9%. As for the next few years, earnings are expected to grow by 13% 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
Wed, 24 Dec 2025US$200.0bUS$142.7bUS$10.8b18.5x18.5x1.4x
Fri, 21 Nov 2025US$194.9bUS$142.7bUS$10.8b16.5x18x1.4x
Sun, 19 Oct 2025US$174.1bUS$141.8bUS$11.6b14.2x15.1x1.2x
Tue, 16 Sep 2025US$181.2bUS$142.7bUS$12.1b14.6x15x1.3x
Thu, 14 Aug 2025US$169.0bUS$142.7bUS$12.1b12.7x14x1.2x
Sat, 12 Jul 2025US$174.2bUS$147.3bUS$12.5b12x13.9x1.2x
Mon, 09 Jun 2025US$165.3bUS$148.2bUS$12.6b11.2x13.1x1.1x
Wed, 07 May 2025US$158.9bUS$147.8bUS$12.7b11.9x12.6x1.1x
Fri, 04 Apr 2025US$195.3bUS$148.3bUS$13.5b13.6x14.5x1.3x
Sun, 02 Mar 2025US$196.6bUS$148.2bUS$13.4b14.8x14.7x1.3x
Tue, 28 Jan 2025US$205.2bUS$147.3bUS$12.8b18.1x16x1.4x
Thu, 26 Dec 2024US$185.6bUS$146.7bUS$12.8b17.4x14.5x1.3x
Sat, 23 Nov 2024US$208.9bUS$146.7bUS$12.8b19.5x16.3x1.4x
Mon, 21 Oct 2024US$187.6bUS$145.8bUS$12.8b18.6x14.6x1.3x
Wed, 18 Sep 2024US$184.2bUS$145.0bUS$12.8b18.9x14.3x1.3x
Fri, 16 Aug 2024US$194.8bUS$144.9bUS$12.7b19x15.3x1.3x
Sun, 14 Jul 2024US$207.8bUS$143.6bUS$12.4b16.6x16.8x1.4x
Tue, 11 Jun 2024US$201.4bUS$143.6bUS$12.3b14.8x16.3x1.4x
Thu, 09 May 2024US$210.1bUS$143.8bUS$12.3b15.8x17.1x1.5x
Sat, 06 Apr 2024US$225.3bUS$142.2bUS$12.2b17.9x18.4x1.6x
Mon, 04 Mar 2024US$200.5bUS$142.5bUS$12.4b15.6x16.2x1.4x
Wed, 31 Jan 2024US$208.0bUS$146.1bUS$12.3b16.4x16.9x1.4x
Fri, 29 Dec 2023US$212.7bUS$143.2bUS$12.2b16.2x17.5x1.5x
Sun, 26 Nov 2023US$209.6bUS$143.2bUS$12.2b18.1x17.2x1.5x
Tue, 24 Oct 2023US$228.3bUS$140.3bUS$11.2b14.7x20.4x1.6x
Thu, 21 Sep 2023US$231.1bUS$138.6bUS$10.9b17.3x21.3x1.7x
Sat, 19 Aug 2023US$589.9bUS$138.6bUS$10.9b16.7x54.3x4.3x
Mon, 17 Jul 2023US$531.1bUS$132.0bUS$8.4b21.2x63x4x
Wed, 14 Jun 2023US$501.8bUS$132.4bUS$8.4b21.1x59.5x3.8x
Fri, 12 May 2023US$169.9bUS$132.2bUS$8.4b18.2x20.1x1.3x
Sun, 09 Apr 2023US$185.7bUS$124.0bUS$5.9b22.4x31.3x1.5x
Tue, 07 Mar 2023US$212.5bUS$123.8bUS$5.8b23.6x36.9x1.7x
Thu, 02 Feb 2023US$212.5bUS$121.0bUS$4.6b22.1x46x1.8x
Sat, 31 Dec 2022US$198.0bUS$116.9bUS$4.1b20.5x47.7x1.7x
Price to Earnings Ratio

47.7x


Total Market Cap: US$198.0bTotal Earnings: US$4.1bTotal Revenue: US$116.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Services Industry Price to Earnings3Y Average 22.4x202320242025
Current Industry PE
  • Investors are pessimistic on the American Oil and Gas Equipment and Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 18.5x which is lower than its 3-year average PE of 22.4x.
  • The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Equipment and Services industry have grown 37% per year over the last three years.
  • Revenues for these companies have grown 6.9% 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 Market2.62%
Energy2.23%
Energy Services1.88%
Oil and Gas Services1.80%
Oil and Gas Drilling2.65%
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
HAL HalliburtonUS$28.031.0%
+US$244.1m		4.4%PE18x
LBRT Liberty EnergyUS$18.548.4%
+US$233.2m		-0.9%PE16.1x
SEI Solaris Energy InfrastructureUS$45.0710.9%
+US$216.2m		56.9%PE60.5x
FTI TechnipFMCUS$44.680.7%
+US$121.4m		53.6%PE18.6x
WHD CactusUS$45.963.4%
+US$104.6m		-19.9%PE18.3x

Latest News

TTI
US$9.37
TETRA Technologies
7D
7.2%
1Y
169.3%

Revenues Tell The Story For TETRA Technologies, Inc. (NYSE:TTI) As Its Stock Soars 26%

Dec 23
Revenues Tell The Story For TETRA Technologies, Inc. (NYSE:TTI) As Its Stock Soars 26%
SMHI
US$6.33
SEACOR Marine Holdings
7D
-9.1%
1Y
2.8%

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?
SEI
US$45.07
Solaris Energy Infrastructure
7D
10.9%
1Y
56.9%
HLX
US$6.32
Helix Energy Solutions Group
7D
-5.1%
1Y
-31.7%
LBRT
US$18.54
Liberty Energy
7D
8.4%
1Y
-0.9%
SLB
US$37.97
SLB
7D
-1.5%
1Y
0.6%

SLB: Digital Segment And AI Partnerships Will Drive Multi-Year Upside Potential

SLB's fair value estimate has edged down slightly to approximately $56.41 from about $56.68 as analysts moderate their price targets amid mixed revisions, balancing optimism around the company's digital tailwinds and solid core execution against sector wide macro uncertainty and longer dated performance risks. Analyst Commentary Recent Street commentary on SLB reflects a generally constructive stance, with bullish analysts highlighting the company’s execution in its core businesses and the growing contribution from its digital segment as key factors supporting valuation, even as sector wide macro risks persist.
NOV
US$15.61
NOV
7D
-0.3%
1Y
7.7%

We Like These Underlying Return On Capital Trends At NOV (NYSE:NOV)

Dec 17
We Like These Underlying Return On Capital Trends At NOV (NYSE:NOV)
AROC
US$25.80
Archrock
7D
1.5%
1Y
4.0%

AROC: Expanded Buybacks And Higher 2025 Earnings Guidance Will Support Upside

Analysts have modestly increased their price target on Archrock to approximately $31.56 per share, citing slightly lower discount rate assumptions and a marginally reduced future price to earnings multiple. Together, these factors refine but do not materially alter their long term valuation outlook.
FTI
US$44.68
TechnipFMC
7D
0.7%
1Y
53.6%

FTI: Subsea Margin Ambitions Will Struggle To Justify Elevated Share Price

We are raising our fair value estimate for TechnipFMC from $30.00 to approximately $37.73 per share, reflecting analysts' higher price targets and greater confidence in the company's ability to convert robust EBITDA into free cash flow and expand subsea margins above prior expectations. Analyst Commentary Recent Street research has turned increasingly constructive on TechnipFMC, with multiple firms lifting price targets into the high 40s and low 50s and reiterating positive ratings.
HAL
US$28.03
Halliburton
7D
1.0%
1Y
4.4%
TDW
US$50.78
Tidewater
7D
-4.5%
1Y
1.3%

TDW: Offshore Demand And Tight Vessel Supply Will Drive Shares Higher

Analysts have raised their fair value estimate for Tidewater to $75 from $70, citing a slightly lower required return and higher expected valuation multiples, despite moderating growth and margin assumptions and a more cautious near term stance reflected in recent downgrades to Hold and a $65 price target. Analyst Commentary Despite the recent downgrade to Hold and the $65 price target, bullish analysts remain constructive on Tidewater’s long term prospects, highlighting a supportive industry backdrop and the company’s improving competitive position.
RES
US$5.46
RPC
7D
-3.5%
1Y
-4.7%

RES: Share Price Will Face Pressure As Earnings Expectations Reset

Analysts have trimmed their price target on RPC to approximately $4.00 per share from about $4.75, reflecting a more cautious view on future growth and valuation following the recent sector re-rating and the stock's strong run. Analyst Commentary Bearish analysts have highlighted a growing disconnect between RPC's recent share price performance and their expectations for the company's medium term earnings power.
ACDC
US$3.78
ProFrac Holding
7D
-4.1%
1Y
-48.6%

ACDC: Lower Discount Rate Will Still Leave Shares Looking Overvalued

Analysts have modestly raised their price target on ProFrac Holding to align more closely with their updated valuation, citing a lower required discount rate and slightly more favorable long term profitability and earnings multiple assumptions. Valuation Changes Fair Value Estimate: Unchanged at 3.9, indicating no revision to the core intrinsic value assessment.
KGS
US$36.72
Kodiak Gas Services
7D
2.7%
1Y
-10.0%
WHD
US$45.96
Cactus
7D
3.4%
1Y
-19.9%

WHD: Rising Revenue Expectations And Lower P E Ratio Will Drive Upside

Analysts have raised their price target for Cactus, increasing it slightly from $48.38 to $48.63. This reflects modest expectations of stronger revenue growth, a small uptick in the discount rate, and updated profit and valuation forecasts.
OMSE
US$4.33
OMS Energy Technologies
7D
-6.6%
1Y
n/a