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U.S. Oil and Gas Services Industry Analysis

UpdatedSep 18, 2025
DataAggregated Company Financials
Companies71
  • 7D-1.9%
  • 3M4.0%
  • 1Y-3.4%
  • YTDn/a

Over the last 7 days, the Oil and Gas Services industry has dropped 1.9%, driven by a pullback from Schlumberger of 3.8%. In contrast, Solaris Energy Infrastructure has gained 13%. However, the industry is down 3.4% over the past year. Looking forward, earnings are forecast to grow by 8.4% 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, 19 Sep 2025US$182.0bUS$142.7bUS$12.1b14.4x15.1x1.3x
Sun, 17 Aug 2025US$168.4bUS$142.7bUS$12.1b13.8x14x1.2x
Tue, 15 Jul 2025US$178.7bUS$147.3bUS$12.5b11.7x14.3x1.2x
Thu, 12 Jun 2025US$170.9bUS$148.2bUS$12.6b11.6x13.5x1.2x
Sat, 10 May 2025US$160.4bUS$148.3bUS$12.7b11.7x12.6x1.1x
Mon, 07 Apr 2025US$154.9bUS$148.3bUS$13.5b11.8x11.5x1x
Wed, 05 Mar 2025US$187.8bUS$148.2bUS$13.4b13.5x14x1.3x
Fri, 31 Jan 2025US$198.2bUS$147.1bUS$12.8b17.7x15.5x1.3x
Sun, 29 Dec 2024US$185.6bUS$146.7bUS$12.8b17.3x14.5x1.3x
Tue, 26 Nov 2024US$208.1bUS$146.7bUS$12.8b19.5x16.2x1.4x
Thu, 24 Oct 2024US$186.5bUS$146.2bUS$13.1b17.8x14.2x1.3x
Sat, 21 Sep 2024US$194.4bUS$145.0bUS$12.8b18.8x15.1x1.3x
Mon, 19 Aug 2024US$198.9bUS$144.9bUS$12.7b19x15.6x1.4x
Wed, 17 Jul 2024US$215.5bUS$143.6bUS$12.4b17.5x17.4x1.5x
Fri, 14 Jun 2024US$197.0bUS$143.6bUS$12.4b14.4x16x1.4x
Sun, 12 May 2024US$210.6bUS$143.6bUS$12.3b16x17.1x1.5x
Tue, 09 Apr 2024US$228.4bUS$142.2bUS$12.2b17.8x18.6x1.6x
Thu, 07 Mar 2024US$199.7bUS$142.5bUS$12.4b15.8x16.2x1.4x
Sat, 03 Feb 2024US$193.7bUS$146.3bUS$12.8b16.6x15.1x1.3x
Mon, 01 Jan 2024US$208.9bUS$144.1bUS$12.1b16x17.2x1.4x
Wed, 29 Nov 2023US$208.8bUS$143.2bUS$12.2b18x17.2x1.5x
Fri, 27 Oct 2023US$220.1bUS$142.2bUS$12.0b14.2x18.3x1.5x
Sun, 24 Sep 2023US$228.7bUS$138.6bUS$10.9b16.2x21.1x1.7x
Tue, 22 Aug 2023US$223.0bUS$138.6bUS$10.9b16.3x20.5x1.6x
Thu, 20 Jul 2023US$534.1bUS$133.3bUS$9.7b21.9x55.2x4x
Sat, 17 Jun 2023US$501.5bUS$132.4bUS$8.4b21.2x59.5x3.8x
Mon, 15 May 2023US$169.8bUS$132.2bUS$8.4b17.3x20.1x1.3x
Wed, 12 Apr 2023US$191.9bUS$124.0bUS$5.9b23.9x32.4x1.5x
Fri, 10 Mar 2023US$199.8bUS$124.3bUS$6.0b21.1x33.6x1.6x
Sun, 05 Feb 2023US$203.5bUS$121.2bUS$4.6b21.2x43.8x1.7x
Tue, 03 Jan 2023US$203.7bUS$121.0bUS$3.9b20.5x51.7x1.7x
Thu, 01 Dec 2022US$195.3bUS$116.9bUS$4.2b22.1x47x1.7x
Sat, 29 Oct 2022US$187.3bUS$115.3bUS$4.1b26.8x46.2x1.6x
Mon, 26 Sep 2022US$134.2bUS$109.0bUS$2.6b24.4x52.1x1.2x
Price to Earnings Ratio

52.1x


Total Market Cap: US$134.2bTotal Earnings: US$2.6bTotal Revenue: US$109.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Services Industry Price to Earnings3Y Average 25.3x202320242025
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 15.1x which is lower than its 3-year average PE of 25.4x.
  • The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Equipment and Services industry have grown 67% per year over the last three years.
  • Revenues for these companies have grown 9.4% 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 Market1.17%
Energy0.95%
Energy Services-1.63%
Oil and Gas Services-1.89%
Oil and Gas Drilling0.80%
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$47.280.7%
+US$305.6m		30.0%PE15.3x
SEI Solaris Energy InfrastructureUS$36.2319.6%
+US$264.5m		174.9%PE75.6x
WFRD Weatherford InternationalUS$65.504.4%
+US$199.7m		-29.8%PE9.8x
WTTR Select Water SolutionsUS$10.0110.2%
+US$96.9m		-11.7%PE31.6x
TTI TETRA TechnologiesUS$5.279.1%
+US$58.6m		70.6%PE5.8x

Latest News

HAL
US$22.36
Halliburton
7D
0.2%
1Y
-24.3%
FTI
US$39.23
TechnipFMC
7D
-2.7%
1Y
48.9%
SEI
US$36.23
Solaris Energy Infrastructure
7D
19.6%
1Y
174.9%
TTI
US$5.27
TETRA Technologies
7D
9.1%
1Y
70.6%

TETRA Technologies, Inc. (NYSE:TTI) Looks Just Right With A 26% Price Jump

Sep 17
TETRA Technologies, Inc. (NYSE:TTI) Looks Just Right With A 26% Price Jump
WFRD
US$65.50
Weatherford International
7D
4.4%
1Y
-29.8%

Advanced Technologies And Lean Processes Will Drive Oilfield Transformation

Upward revisions to both Weatherford International’s revenue growth forecasts and net profit margin have driven the consensus analyst price target higher from $69.00 to $73.33. What's in the News Weatherford secured a major multi-year contract to provide Managed Pressure Drilling services for the Trion deepwater oil project in Mexico, featuring deployment of its Victus intelligent MPD system.
NOV
US$12.97
NOV
7D
-2.6%
1Y
-23.3%

Returns Are Gaining Momentum At NOV (NYSE:NOV)

Sep 13
Returns Are Gaining Momentum At NOV (NYSE:NOV)
ACDC
US$3.73
ProFrac Holding
7D
-4.4%
1Y
-42.6%
SLB
US$34.74
Schlumberger
7D
-3.6%
1Y
-18.7%

Rising Global Energy Demand Will Drive Digital And Low-Carbon Expansion

Despite ongoing macro uncertainty, subdued international activity, and poor sector sentiment offset by optimism around AI-driven structural gains and potential sector re-rating, Schlumberger’s consensus analyst price target has been modestly raised from $45.43 to $46.69. Analyst Commentary Commodity headwinds and macro uncertainty, including OPEC+ developments, tariffs negotiations, and geopolitical risks, are restricting upside potential and leading to cautious customer activity.
WHD
US$41.22
Cactus
7D
-1.2%
1Y
-34.0%
BKR
US$47.28
Baker Hughes
7D
0.7%
1Y
30.0%

Expanding Distributed Power And New Energy Will Define Long-Term Trends

Analysts have raised Baker Hughes’ price target slightly to $50.55, citing strong revenue growth and diversification in the IET segment, a transformative acquisition of Chart Industries, robust order backlog, and secular industry tailwinds, though some caution lingers due to oilfield services underperformance and regional uncertainties. Analyst Commentary Bullish analysts highlight Baker Hughes’ rapid expansion and revenue growth in its Industrial & Energy Technologies (IET) segment, now comprising a majority of total revenues, driven by strength in non-oil and gas end-markets.
TDW
US$57.26
Tidewater
7D
-3.7%
1Y
-24.2%

Deepwater Projects And OSV Modernization Will Boost Utilization

Analysts maintained their consensus price target for Tidewater at $61.67 as bullish sentiment from strong recent performance and asset utilization was balanced by concerns over 2025 transition risks and offshore activity softness. Analyst Commentary Bullish analysts raised price targets following a strong Q2 performance and improving outlook for 2026.
HLX
US$6.55
Helix Energy Solutions Group
7D
3.3%
1Y
-37.0%
WTTR
US$10.01
Select Water Solutions
7D
10.2%
1Y
-11.7%

Select Water Solutions' (NYSE:WTTR) Shareholders Have More To Worry About Than Only Soft Earnings

Aug 14
Select Water Solutions' (NYSE:WTTR) Shareholders Have More To Worry About Than Only Soft Earnings
GEOS
US$19.06
Geospace Technologies
7D
15.1%
1Y
78.1%
AROC
US$24.46
Archrock
7D
-1.4%
1Y
17.1%

Archrock, Inc. Just Beat EPS By 5.9%: Here's What Analysts Think Will Happen Next

Aug 09
Archrock, Inc. Just Beat EPS By 5.9%: Here's What Analysts Think Will Happen Next
OMSE
US$5.20
OMS Energy Technologies
7D
-8.5%
1Y
n/a