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U.S. Oil and Gas Services Industry Analysis

UpdatedMay 16, 2026
DataAggregated Company Financials
Companies81
  • 7D3.3%
  • 3M12.7%
  • 1Y76.4%
  • YTDn/a

Over the last 7 days, the Oil and Gas Services industry has risen 4.1%, driven by gains from SLB of 4.0%. This takes the industry's 12 month performance to a gain of 77%. Looking forward, earnings are forecast to grow by 16% 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, 16 May 2026US$296.1bUS$145.3bUS$10.7b26.7x27.6x2x
Mon, 13 Apr 2026US$278.1bUS$143.8bUS$10.1b28x27.5x1.9x
Wed, 11 Mar 2026US$257.2bUS$143.2bUS$10.0b29x25.7x1.8x
Fri, 06 Feb 2026US$255.5bUS$143.2bUS$9.9b23.4x25.8x1.8x
Sun, 04 Jan 2026US$209.0bUS$142.7bUS$10.8b19x19.4x1.5x
Tue, 02 Dec 2025US$198.8bUS$142.7bUS$10.8b17.3x18.4x1.4x
Thu, 30 Oct 2025US$191.2bUS$142.1bUS$10.8b16.6x17.8x1.3x
Sat, 27 Sep 2025US$188.5bUS$142.7bUS$12.1b14.4x15.6x1.3x
Mon, 25 Aug 2025US$178.7bUS$142.7bUS$12.1b14.5x14.8x1.3x
Wed, 23 Jul 2025US$161.3bUS$142.9bUS$11.9b11.6x13.6x1.1x
Fri, 20 Jun 2025US$173.9bUS$148.2bUS$12.6b12.5x13.8x1.2x
Sun, 18 May 2025US$167.2bUS$148.5bUS$12.7b11.7x13.2x1.1x
Tue, 15 Apr 2025US$157.5bUS$148.3bUS$13.5b12.3x11.7x1.1x
Thu, 13 Mar 2025US$181.8bUS$148.3bUS$13.4b13.2x13.6x1.2x
Sat, 08 Feb 2025US$200.7bUS$148.0bUS$13.1b17.1x15.3x1.4x
Mon, 06 Jan 2025US$193.8bUS$146.7bUS$12.8b18.8x15.1x1.3x
Wed, 04 Dec 2024US$207.8bUS$146.7bUS$12.8b19.4x16.2x1.4x
Fri, 01 Nov 2024US$184.2bUS$146.5bUS$13.1b18.3x14.1x1.3x
Sun, 29 Sep 2024US$189.6bUS$145.0bUS$12.8b18.2x14.8x1.3x
Tue, 27 Aug 2024US$200.3bUS$144.9bUS$12.7b19.9x15.8x1.4x
Thu, 25 Jul 2024US$214.7bUS$144.8bUS$12.5b16.9x17.1x1.5x
Sat, 22 Jun 2024US$199.7bUS$143.6bUS$12.4b15x16.2x1.4x
Mon, 20 May 2024US$214.4bUS$143.6bUS$12.3b15.7x17.4x1.5x
Wed, 17 Apr 2024US$215.8bUS$142.2bUS$12.2b16.5x17.6x1.5x
Fri, 15 Mar 2024US$209.4bUS$142.2bUS$12.2b16.5x17.1x1.5x
Sun, 11 Feb 2024US$189.4bUS$141.8bUS$12.3b16x15.4x1.3x
Tue, 09 Jan 2024US$207.0bUS$144.1bUS$12.1b16x17.1x1.4x
Thu, 07 Dec 2023US$195.8bUS$143.2bUS$12.2b16.9x16.1x1.4x
Sat, 04 Nov 2023US$221.8bUS$142.2bUS$12.2b15.4x18.2x1.6x
Mon, 02 Oct 2023US$228.5bUS$138.6bUS$10.9b16.7x21x1.6x
Wed, 30 Aug 2023US$224.2bUS$138.6bUS$10.9b16.6x20.6x1.6x
Fri, 28 Jul 2023US$536.8bUS$136.6bUS$10.7b21.7x50.1x3.9x
Sun, 25 Jun 2023US$495.4bUS$132.0bUS$8.4b18.5x58.8x3.8x
Tue, 23 May 2023US$493.2bUS$132.4bUS$8.4b17.8x58.5x3.7x
Price to Earnings Ratio

58.5x


Total Market Cap: US$493.2bTotal Earnings: US$8.4bTotal Revenue: US$132.4bTotal 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 27.8x 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 2.1x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Equipment and Services industry have grown 8.4% per year over the last three years.
  • Revenues for these companies have grown 3.1% 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-0.92%
Energy6.05%
Energy Services3.85%
Oil and Gas Services3.32%
Oil and Gas Drilling8.07%
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$55.384.0%
+US$3.2b		54.8%PE24.9x
HAL HalliburtonUS$41.764.8%
+US$1.6b		96.5%PE22.7x
WFRD Weatherford InternationalUS$108.836.4%
+US$468.2m		124.5%PE16.9x
FTI TechnipFMCUS$71.281.6%
+US$450.5m		127.7%PE26.3x
NOV NOVUS$20.375.8%
+US$402.0m		58.6%PE80.3x

Latest News

FTI
US$71.28
TechnipFMC
7D
1.6%
1Y
127.7%
KGS
US$73.49
Kodiak Gas Services
7D
5.5%
1Y
106.9%
WTTR
US$18.96
Select Water Solutions
7D
12.9%
1Y
122.3%
VTOL
US$42.17
Bristow Group
7D
-0.4%
1Y
40.6%
Narrative Update • May 15

VTOL: 2026 Multi Mission Expansion Will Drive Turnaround And Earnings Quality Shift

Analysts have lifted Bristow Group's average price target, with recent moves such as a raise to $56 and a new $60 target reflecting expectations for a financial turnaround around 2026 and improving earnings quality into 2027 as the company expands its role in multi mission aviation services. Analyst Commentary Bullish Takeaways Bullish analysts point to 2026 as a potential turning point, tying higher price targets to expectations that Bristow clears key capital hurdles and improves its financial profile.
SEI
US$78.58
Solaris Energy Infrastructure
7D
7.7%
1Y
255.6%
HAL
US$41.76
Halliburton
7D
4.8%
1Y
96.5%
LBRT
US$32.95
Liberty Energy
7D
-0.5%
1Y
169.2%
Seeking Alpha • May 10

Liberty Energy: Pricing Recovery And The LPI Programme Show An Interesting Future

Summary Liberty Energy is rated Buy, with a $42-$44/share target and a recommended accumulation range of $30-$35. LBRT’s DigiFleet and DigiPrime platforms provide a technological moat, driving efficiency and lower emissions in frac operations. The Liberty Power Innovations (LPI) segment targets data-center power infrastructure, offering higher multiples and long-term revenue visibility. Execution risk around LPI and leverage from a $1.3B convertible note are key factors to monitor as LBRT pivots to growth. Read the full article on Seeking Alpha
WFRD
US$108.83
Weatherford International
7D
6.4%
1Y
124.5%
Narrative Update • May 08

WFRD: Structural Offshore Contracts Will Support Future Earnings Repricing

Narrative Update: Weatherford International Analysts have lifted the price target for Weatherford International from $120 to about $149, citing updated assumptions around revenue growth, discount rates, margins and future P/E multiples following a series of recent target changes across major firms. Analyst Commentary Recent Street research on Weatherford International has been active, with several bullish analysts adjusting price targets higher over a relatively short period.
SLB
US$55.38
SLB
7D
4.0%
1Y
54.8%
Seeking Alpha • May 07

SLB: A High-Tech Way To Play The Oil Industry

Summary SLB N.V. remains a soft Buy despite near-term headwinds, supported by resilient technology-driven segments and solid Q1 2026 results. Digital and Production Systems segments are delivering high-margin growth, offsetting declines in Reservoir Performance and Well Construction due to geopolitical disruptions. Q1 2026 revenue beat expectations at $8.72 billion, with profitability in line, though some segments face pricing and activity pressures from the Iran conflict. SLB trades at mid-pack valuation among peers; long-term optimism is anchored in digital expansion, offshore spending, and post-2026 oil/gas investment recovery. Read the full article on Seeking Alpha
BOOM
US$6.93
DMC Global
7D
-6.9%
1Y
0%
Narrative Update • May 07

BOOM: Tariff And Macro Headwinds Will Pressure Near Term Yet Preserve Rebound Potential

Analysts have reduced their price targets on DMC Global to a range of $7 to $10, citing weaker than expected Q4 results, a softer near term outlook, and macro and tariff pressures, while still highlighting balance sheet progress and product quality as potential offsets. Analyst Commentary Recent research points to a more cautious stance on DMC Global, with price targets brought down into a single digit range following weaker than expected Q4 results and a softer near term outlook.
NOV
US$20.37
NOV
7D
5.8%
1Y
58.6%
Narrative Update • May 05

NOV: Future Returns Will Lag Structural Project Commitments Despite Recent Supportive Actions

The analyst price target for NOV has been raised by $1 to $17, as analysts cite revised assumptions regarding fair value, discount rate, revenue growth, profit margin, and future P/E following a series of recent price target increases across the Street. Analyst Commentary Recent research on NOV points to a cluster of higher price targets, including moves from several firms that adjusted their views around fair value, discount rates, revenue assumptions, margin expectations, and future P/E.
SMHI
US$7.17
SEACOR Marine Holdings
7D
-3.6%
1Y
42.0%
Seeking Alpha • May 04

Seacor Marine Holdings: Unlocking Value Through Strategic Asset Sales - Buy

Summary SEACOR Marine reported another set of mediocre quarterly results, with revenues coming in below consensus expectations and substantial cash burn from operations. SMHI management attributed the weak operating performance to recent asset sales, the recent escalation of the Middle East conflict, and elevated contract preparation activities. While operating results continue to disappoint, a new focus on unlocking value through strategic asset sales could act as a strong catalyst for the shares. With five vessels expected to be sold in the current quarter, the company is likely to report a substantial GAAP profit. In addition, cash and cash equivalents should increase materially. As more value from SEACOR's assets is getting unlocked, I would expect the massive NAV discount to narrow over time. With the investment thesis intact, I am reiterating my 'Buy' rating on SMHI's common shares. Read the full article on Seeking Alpha
GEOS
US$7.52
Geospace Technologies
7D
-10.5%
1Y
21.7%
LSE
US$4.62
Leishen Energy Holding
7D
-6.4%
1Y
-10.5%
OMSE
US$4.57
OMS Energy Technologies
7D
-2.8%
1Y
-41.9%
RCON
US$0.64
Recon Technology
7D
-22.9%
1Y
-68.8%