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U.S. Oil and Gas Services Industry Analysis

UpdatedDec 26, 2025
DataAggregated Company Financials
Companies76
  • 7D0.7%
  • 3M3.2%
  • 1Y7.4%
  • YTDn/a

The Oil and Gas Services industry has stayed flat over the last week. As for the the longer term, the industry is up 7.4% over the past 12 months. 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
Fri, 26 Dec 2025US$199.0bUS$142.7bUS$10.8b18.3x18.5x1.4x
Sun, 23 Nov 2025US$190.5bUS$142.7bUS$10.8b16.7x17.6x1.3x
Tue, 21 Oct 2025US$178.1bUS$141.8bUS$11.6b14.5x15.4x1.3x
Thu, 18 Sep 2025US$182.0bUS$142.7bUS$12.1b14.4x15.1x1.3x
Sat, 16 Aug 2025US$169.9bUS$142.7bUS$12.1b13.8x14.1x1.2x
Mon, 14 Jul 2025US$178.7bUS$147.3bUS$12.5b12.1x14.3x1.2x
Wed, 11 Jun 2025US$166.5bUS$148.2bUS$12.6b11.5x13.2x1.1x
Fri, 09 May 2025US$156.4bUS$148.1bUS$12.7b11.8x12.3x1.1x
Sun, 06 Apr 2025US$154.9bUS$148.3bUS$13.5b11.8x11.5x1x
Tue, 04 Mar 2025US$196.5bUS$148.2bUS$13.4b14x14.7x1.3x
Thu, 30 Jan 2025US$199.2bUS$147.3bUS$12.8b17.7x15.5x1.4x
Sat, 28 Dec 2024US$186.0bUS$146.7bUS$12.8b17.3x14.5x1.3x
Mon, 25 Nov 2024US$210.0bUS$146.7bUS$12.8b19.5x16.4x1.4x
Wed, 23 Oct 2024US$188.1bUS$145.8bUS$12.8b18x14.7x1.3x
Fri, 20 Sep 2024US$188.4bUS$145.0bUS$12.8b19.2x14.7x1.3x
Sun, 18 Aug 2024US$198.9bUS$144.9bUS$12.7b19x15.6x1.4x
Tue, 16 Jul 2024US$207.8bUS$143.6bUS$12.4b16.9x16.8x1.4x
Thu, 13 Jun 2024US$200.8bUS$143.6bUS$12.4b14.7x16.3x1.4x
Sat, 11 May 2024US$212.5bUS$143.6bUS$12.3b16x17.2x1.5x
Mon, 08 Apr 2024US$228.4bUS$142.2bUS$12.2b17.9x18.6x1.6x
Wed, 06 Mar 2024US$198.5bUS$142.5bUS$12.4b16.1x16.1x1.4x
Fri, 02 Feb 2024US$196.3bUS$146.1bUS$12.3b16.5x15.9x1.3x
Sun, 31 Dec 2023US$209.0bUS$144.1bUS$12.1b16x17.2x1.5x
Tue, 28 Nov 2023US$209.6bUS$143.2bUS$12.2b17.8x17.2x1.5x
Thu, 26 Oct 2023US$222.4bUS$141.0bUS$11.5b13.8x19.3x1.6x
Sat, 23 Sep 2023US$228.7bUS$138.6bUS$10.9b16.2x21.1x1.7x
Mon, 21 Aug 2023US$591.8bUS$138.6bUS$10.9b16.7x54.5x4.3x
Wed, 19 Jul 2023US$534.6bUS$132.0bUS$8.4b21.7x63.4x4x
Fri, 16 Jun 2023US$499.6bUS$132.4bUS$8.4b21.2x59.3x3.8x
Sun, 14 May 2023US$169.8bUS$132.2bUS$8.4b17.3x20.1x1.3x
Tue, 11 Apr 2023US$187.7bUS$124.0bUS$5.9b22.7x31.7x1.5x
Thu, 09 Mar 2023US$208.0bUS$124.3bUS$6.0b23.3x34.9x1.7x
Sat, 04 Feb 2023US$203.5bUS$121.2bUS$4.6b21.2x43.8x1.7x
Mon, 02 Jan 2023US$200.1bUS$116.9bUS$4.1b20.5x48.2x1.7x
Price to Earnings Ratio

48.2x


Total Market Cap: US$200.1bTotal 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 22.3x20242025
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 22.3x.
  • 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 Market1.34%
Energy1.31%
Energy Services0.76%
Oil and Gas Services0.71%
Oil and Gas Drilling1.23%
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$45.301.3%
+US$582.2m		11.0%PE15.5x
HAL HalliburtonUS$28.031.1%
+US$260.9m		4.6%PE18x
LBRT Liberty EnergyUS$18.546.1%
+US$171.7m		-0.8%PE16.1x
AROC ArchrockUS$25.801.8%
+US$80.7m		5.1%PE17.3x
OII Oceaneering InternationalUS$24.302.9%
+US$68.8m		-3.6%PE10.4x

Latest News

WFRD
US$78.10
Weatherford International
7D
-0.9%
1Y
13.9%

WFRD Overoptimistic Offshore Recovery Expectations Will Likely Pressure Shares

Analysts have lifted their fair value estimate for Weatherford International by about $7 to $66 per share, citing higher long term revenue growth expectations, a slightly lower discount rate, and confidence that the company can navigate a still soft macro backdrop while benefiting from an eventual recovery in international and offshore markets. Analyst Commentary Recent Street research reflects a more nuanced stance on Weatherford International, with higher price targets balanced by ongoing caution about the operating backdrop and the durability of the current upcycle.
OII
US$24.30
Oceaneering International
7D
2.9%
1Y
-3.6%
TTI
US$9.37
TETRA Technologies
7D
3.9%
1Y
171.6%

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%
AESI
US$9.60
Atlas Energy Solutions
7D
4.2%
1Y
-56.3%

AESI: Softer Sand Pricing Will Pressure Earnings And Limit Share Upside

Analysts have cut their price target on Atlas Energy Solutions from $12.00 to $7.00, citing weaker expected sand pricing, softer logistics profitability, and ongoing macro headwinds that weigh on near-term earnings power despite the company’s push into distributed power. Analyst Commentary Bearish analysts have grown more cautious on Atlas Energy Solutions, trimming price targets across the board and signaling increased skepticism about the company’s earnings trajectory.
SMHI
US$6.33
SEACOR Marine Holdings
7D
-2.6%
1Y
1.8%

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?
LBRT
US$18.54
Liberty Energy
7D
6.1%
1Y
-0.8%
XPRO
US$13.47
Expro Group Holdings
7D
3.9%
1Y
15.0%

XPRO: Strong Q3 Execution Will Drive Improved Profitability And Share Upside

Analysts have raised their price target on Expro Group Holdings to $16.00 from $15.00, citing a solid Q3 beat and improved profitability expectations despite somewhat muted preliminary fiscal 2026 guidance. Analyst Commentary Bullish analysts highlight that the latest price target increase to $16.00 reflects confidence in Expro Group Holdings' ability to sustain improved profitability and execution following a strong Q3 performance.
SLB
US$37.97
SLB
7D
-0.3%
1Y
0.4%

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
-0.4%
1Y
7.9%

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
1.8%
1Y
5.1%

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
-0.09%
1Y
53.9%

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
1.1%
1Y
4.6%
BKR
US$45.30
Baker Hughes
7D
1.3%
1Y
11.0%

BKR: IET Outperformance And Divestitures Will Drive Upside In Coming Cycle

Analysts have nudged their price target on Baker Hughes modestly higher, lifting fair value by about $0.57 to roughly $53.14. They cite continued outperformance in the Industrial and Energy Technology unit, improving long cycle energy activity, and a supportive backlog and divestiture strategy despite a still choppy macro backdrop.
RES
US$5.46
RPC
7D
-1.6%
1Y
-5.5%

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
-0.8%
1Y
-48.4%

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.
RCON
US$1.26
Recon Technology
7D
-7.4%
1Y
-44.3%