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U.S. Oil and Gas Services Industry Analysis

UpdatedFeb 10, 2026
DataAggregated Company Financials
Companies78
  • 7D5.3%
  • 3M27.7%
  • 1Y28.5%
  • YTDn/a

SLB is up 5.2%, leading the way for the Oil and Gas Services industry, which has gained 5.3%. In the same time, RPC was down 14%. This takes the industry's 12 month performance to a gain of 29%. As for the next few years, earnings are expected to grow by 14% 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
Tue, 10 Feb 2026US$257.8bUS$143.2bUS$9.9b24.8x26.1x1.8x
Thu, 08 Jan 2026US$219.3bUS$142.7bUS$10.8b20.1x20.3x1.5x
Sat, 06 Dec 2025US$207.8bUS$142.7bUS$10.8b18.3x19.2x1.5x
Mon, 03 Nov 2025US$193.9bUS$142.1bUS$10.9b16.7x17.8x1.4x
Wed, 01 Oct 2025US$190.0bUS$142.7bUS$12.1b14x15.8x1.3x
Fri, 29 Aug 2025US$179.4bUS$142.7bUS$12.1b14.7x14.9x1.3x
Sun, 27 Jul 2025US$178.1bUS$141.9bUS$12.0b13.5x14.9x1.3x
Tue, 24 Jun 2025US$166.9bUS$148.2bUS$12.6b11.8x13.2x1.1x
Thu, 22 May 2025US$163.5bUS$148.5bUS$12.7b11.1x12.9x1.1x
Sat, 19 Apr 2025US$163.6bUS$148.2bUS$13.4b12.1x12.2x1.1x
Mon, 17 Mar 2025US$184.5bUS$148.3bUS$13.4b13.7x13.8x1.2x
Wed, 12 Feb 2025US$205.1bUS$148.0bUS$13.1b17.7x15.7x1.4x
Fri, 10 Jan 2025US$194.0bUS$146.7bUS$12.8b18.8x15.1x1.3x
Sun, 08 Dec 2024US$195.4bUS$146.7bUS$12.8b18.2x15.2x1.3x
Tue, 05 Nov 2024US$182.6bUS$146.5bUS$13.0b17.9x14x1.2x
Thu, 03 Oct 2024US$190.0bUS$145.0bUS$12.8b18.5x14.8x1.3x
Sat, 31 Aug 2024US$198.7bUS$145.0bUS$12.7b19.9x15.6x1.4x
Mon, 29 Jul 2024US$217.6bUS$146.2bUS$13.0b17.2x16.7x1.5x
Wed, 26 Jun 2024US$206.9bUS$143.6bUS$12.4b15.7x16.8x1.4x
Fri, 24 May 2024US$206.5bUS$143.6bUS$12.3b15.3x16.7x1.4x
Sun, 21 Apr 2024US$212.2bUS$143.0bUS$12.3b16.4x17.3x1.5x
Tue, 19 Mar 2024US$213.5bUS$142.2bUS$12.2b16.9x17.4x1.5x
Thu, 15 Feb 2024US$189.2bUS$141.8bUS$12.3b14.9x15.4x1.3x
Sat, 13 Jan 2024US$198.5bUS$144.1bUS$12.1b15.8x16.4x1.4x
Mon, 11 Dec 2023US$196.0bUS$143.2bUS$12.2b16.8x16.1x1.4x
Wed, 08 Nov 2023US$219.0bUS$142.3bUS$12.2b14.4x17.9x1.5x
Fri, 06 Oct 2023US$217.4bUS$139.9bUS$11.1b13.9x19.6x1.6x
Sun, 03 Sep 2023US$231.1bUS$138.6bUS$10.9b17x21.3x1.7x
Tue, 01 Aug 2023US$538.9bUS$136.9bUS$10.7b21.8x50.5x3.9x
Thu, 29 Jun 2023US$503.1bUS$132.0bUS$8.4b19.4x59.7x3.8x
Sat, 27 May 2023US$489.1bUS$132.4bUS$8.4b17.2x58x3.7x
Mon, 24 Apr 2023US$187.1bUS$127.2bUS$7.0b21.9x26.6x1.5x
Wed, 22 Mar 2023US$181.6bUS$124.9bUS$6.1b19.2x30x1.5x
Fri, 17 Feb 2023US$210.7bUS$122.1bUS$5.0b21.7x41.9x1.7x
Price to Earnings Ratio

41.9x


Total Market Cap: US$210.7bTotal Earnings: US$5.0bTotal Revenue: US$122.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Services Industry Price to Earnings3Y Average 21.2x202420252026
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 26.1x which is higher than its 3-year average PE of 21.2x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Equipment and Services industry have grown 25% per year over the last three years.
  • Revenues for these companies have grown 5.5% 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 Market0.33%
Energy6.59%
Energy Services6.36%
Oil and Gas Services5.28%
Oil and Gas Drilling17.21%
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
BKR Baker HughesUS$59.552.7%
+US$1.6b		26.4%PE22.7x
SLB SLBUS$50.541.6%
+US$1.2b		21.0%PE22.4x
FTI TechnipFMCUS$59.974.6%
+US$1.1b		89.8%PE24.9x
KGS Kodiak Gas ServicesUS$51.1822.0%
+US$791.7m		13.0%PE58.6x
HAL HalliburtonUS$34.903.0%
+US$724.3m		31.7%PE22.8x

Latest News

GEOS
US$10.49
Geospace Technologies
7D
-41.9%
1Y
25.0%
RES
US$5.72
RPC
7D
-13.6%
1Y
-4.2%

RES: Flattish U.S. Drilling And Completions Trends Will Restrain Future Upside

Analysts raised their price target on RPC to $6.00 from $5.50, citing steadier-than-expected U.S. drilling and completions activity as a key support for the revised valuation. Analyst Commentary The latest target move to US$6.00, paired with a Neutral rating, signals that analysts see some support from steadier U.S. drilling and completions activity but are not ready to lean aggressively positive on RPC at this stage.
BKR
US$59.55
Baker Hughes
7D
2.7%
1Y
26.4%

BKR: IET Execution And Geopolitical Openings Will Guide Fairly Valued Outlook

Analysts have raised their Baker Hughes fair value estimate to $59.75 from $53.47, as a series of recent price target increases across the Street has been supported by updated assumptions for revenue growth, profit margins, and future P/E levels. Analyst Commentary Street research on Baker Hughes has been active, with several firms revisiting their assumptions for growth, margins, and valuation multiples.
VTOL
US$45.00
Bristow Group
7D
-0.8%
1Y
23.4%

Offshore Contract Transitions And Aircraft Constraints Will Shape A Fairly Valued Future

Catalysts About Bristow Group Bristow Group provides helicopter and vertical flight services to offshore energy producers and government agencies, including search and rescue contracts. What are the underlying business or industry changes driving this perspective?
HAL
US$34.90
Halliburton
7D
3.0%
1Y
31.7%

HAL: U.S. Land Headwinds And Venezuela Hype Will Constrain Future Upside

Halliburton's fair value estimate has been raised from $20.00 to about $28.16 as analysts factor in a series of higher price targets and research updates that point to steadier revenue trends, firmer profit margins, and a slightly higher future P/E assumption. Analyst Commentary The recent round of research updates on Halliburton reflects a mix of optimism on the business and a more cautious stance from some specialists who are increasingly focused on where the stock sits versus their fundamental expectations.
LBRT
US$25.17
Liberty Energy
7D
-3.3%
1Y
41.9%
CLB
US$18.98
Core Laboratories
7D
-3.4%
1Y
8.9%
WFRD
US$104.25
Weatherford International
7D
8.6%
1Y
54.9%

WFRD: Offshore And Venezuela Exposure Will Support Future Earnings Repricing

Narrative Update on Weatherford International Analysts have inched their consolidated fair value estimate for Weatherford up to $120.00, reflecting updated price targets from several firms and refreshed assumptions for discount rate, revenue growth, profit margins, and future P/E expectations. Analyst Commentary Recent Street research points to a cluster of upward price target revisions for Weatherford, with several bullish analysts lifting their forecasts and one trimming a target slightly in a more cautious move.
KGS
US$51.18
Kodiak Gas Services
7D
22.0%
1Y
13.0%

KGS: Equity Raises And Recalibrated Assumptions Will Shape A Measured Outlook

Analysts have lifted their price target on Kodiak Gas Services by about US$2, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E that align with recent target increases from several research firms. Analyst Commentary Recent research points to a more constructive tone around Kodiak Gas Services, with several firms lifting price targets and one major upgrade that highlights how analysts are recalibrating their expectations for the business.
SLB
US$50.54
SLB
7D
1.6%
1Y
21.0%

SLB: Repositioning Toward Production And Venezuela Optionality Will Shape Future Upside Risk Balance

The analyst price target for SLB has been lifted to US$54.08 from US$45.31 as analysts factor in updated Street research that points to slightly lower growth and discount rate assumptions, along with higher profit margin and P/E expectations for the stock. Analyst Commentary Recent Street research on SLB reflects an active debate around how much upside remains in the shares, but with a clear tilt toward higher valuation assumptions as more firms lift their price targets.
SEI
US$52.96
Solaris Energy Infrastructure
7D
-6.4%
1Y
92.3%

SEI: Expanded Capacity And 900MW Availability Will Support Second Data Center Contract

Analysts have raised their Solaris Energy Infrastructure price target to $65 from $50, citing the expanded 2.2GW capacity and 900MW of available capacity as key support for the company’s efforts to secure a second data center contract. Analyst Commentary Recent research points to a more constructive tone around Solaris Energy Infrastructure, with bullish analysts highlighting how the current capacity profile could support future contract wins and frame the stock’s valuation debate.
OII
US$33.16
Oceaneering International
7D
8.6%
1Y
30.6%
PUMP
US$11.56
ProPetro Holding
7D
-2.3%
1Y
27.9%
AROC
US$32.35
Archrock
7D
8.4%
1Y
15.0%

Archrock (NYSE:AROC) Has Announced That It Will Be Increasing Its Dividend To $0.22

Feb 04
Archrock (NYSE:AROC) Has Announced That It Will Be Increasing Its Dividend To $0.22
TTI
US$11.79
TETRA Technologies
7D
-0.6%
1Y
166.1%

TTI: Desalination And Evergreen Minerals Expansion Will Drive Long-Term Upside

Analysts have lifted their 12 month price target on TETRA Technologies to US$13 from US$9, citing what they see as a solid growth opportunity in water desalination, along with small adjustments to discount rate, revenue growth, profit margin and future P/E assumptions. Analyst Commentary Recent research suggests that some bullish analysts see the move to a US$13 price target as aligned with what they view as a stronger long term opportunity in water desalination.
FTI
US$59.97
TechnipFMC
7D
4.6%
1Y
89.8%

FTI: Elevated Sector Optimism Will Outrun Cash Returns And Subsea Margin Delivery

Analysts have raised their average price targets on TechnipFMC to the mid US$50s, reflecting updated sector views that bring their oilfield services EBITDA estimates closer to or above consensus over the coming years. Analyst Commentary Recent research updates cluster around higher price targets in the low to mid US$50s, with bullish analysts aligning their oilfield services EBITDA views more closely with, and in some cases above, sector consensus over the next several years.