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U.S. Energy Services Industry Analysis

UpdatedOct 18, 2025
DataAggregated Company Financials
Companies81
  • 7D2.5%
  • 3M6.3%
  • 1Y-8.1%
  • YTD-9.7%

In the last week, the Energy Services industry is up 2.5%, with SLB up 2.9%. In the past year, the industry is down 8.1%. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

Has the U.S. Energy Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 18 Oct 2025US$192.1bUS$165.5bUS$10.0b14.1x19.3x1.2x
Mon, 15 Sep 2025US$200.8bUS$166.2bUS$10.0b15.1x20x1.2x
Wed, 13 Aug 2025US$183.5bUS$166.2bUS$10.0b13.5x18.3x1.1x
Fri, 11 Jul 2025US$192.5bUS$170.2bUS$12.1b11.9x15.9x1.1x
Sun, 08 Jun 2025US$182.4bUS$171.1bUS$12.2b11x14.9x1.1x
Tue, 06 May 2025US$177.7bUS$170.2bUS$12.4b10.6x14.3x1x
Thu, 03 Apr 2025US$212.6bUS$170.7bUS$13.4b13.5x15.8x1.2x
Sat, 01 Mar 2025US$213.2bUS$171.0bUS$13.5b13.1x15.8x1.2x
Mon, 27 Jan 2025US$226.8bUS$170.3bUS$13.7b15.4x16.6x1.3x
Wed, 25 Dec 2024US$205.8bUS$168.9bUS$13.5b15.2x15.2x1.2x
Fri, 22 Nov 2024US$227.7bUS$168.9bUS$13.5b16x16.8x1.3x
Sun, 20 Oct 2024US$210.6bUS$166.6bUS$14.8b18x14.3x1.3x
Tue, 17 Sep 2024US$204.1bUS$165.8bUS$14.8b17.3x13.8x1.2x
Thu, 15 Aug 2024US$222.7bUS$166.7bUS$14.4b17.3x15.4x1.3x
Sat, 13 Jul 2024US$237.6bUS$164.6bUS$13.9b14.9x17.1x1.4x
Mon, 10 Jun 2024US$226.4bUS$164.6bUS$13.9b14.2x16.3x1.4x
Wed, 08 May 2024US$241.3bUS$165.5bUS$13.9b14.1x17.4x1.5x
Fri, 05 Apr 2024US$261.2bUS$162.2bUS$13.5b16.1x19.4x1.6x
Sun, 03 Mar 2024US$226.8bUS$161.0bUS$13.3b15.4x17.1x1.4x
Tue, 30 Jan 2024US$235.2bUS$163.6bUS$12.3b16.9x19.1x1.4x
Thu, 28 Dec 2023US$241.1bUS$160.7bUS$12.1b16.3x19.9x1.5x
Sat, 25 Nov 2023US$237.8bUS$160.7bUS$12.1b17.8x19.6x1.5x
Mon, 23 Oct 2023US$258.7bUS$156.9bUS$11.5b15.4x22.5x1.6x
Wed, 20 Sep 2023US$265.8bUS$155.2bUS$11.2b17.6x23.8x1.7x
Fri, 18 Aug 2023US$619.8bUS$155.2bUS$11.2b15.3x55.5x4x
Sun, 16 Jul 2023US$558.8bUS$147.7bUS$8.5b21.1x65.7x3.8x
Tue, 13 Jun 2023US$520.4bUS$148.1bUS$8.5b18.2x61.2x3.5x
Thu, 11 May 2023US$197.4bUS$147.9bUS$8.5b17.5x23.2x1.3x
Sat, 08 Apr 2023US$209.4bUS$138.3bUS$5.4b24.9x38.5x1.5x
Mon, 06 Mar 2023US$242.2bUS$137.3bUS$5.2b28.1x46.1x1.8x
Wed, 01 Feb 2023US$242.3bUS$134.2bUS$3.6b23.7x67.9x1.8x
Fri, 30 Dec 2022US$223.1bUS$129.7bUS$3.0b24x75.5x1.7x
Sun, 27 Nov 2022US$216.3bUS$129.4bUS$2.8b23.1x76.3x1.7x
Tue, 25 Oct 2022US$206.2bUS$124.1bUS$1.3b28.7x154.9x1.7x
Price to Earnings Ratio

154.9x


Total Market Cap: US$206.2bTotal Earnings: US$1.3bTotal Revenue: US$124.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Services Industry Price to Earnings3Y Average 29.9x202320242025
Current Industry PE
  • Investors are pessimistic on the American Energy 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 19.3x which is lower than its 3-year average PE of 29.9x.
  • The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Energy Services industry have grown 96% per year over the last three years.
  • Revenues for these companies have grown 10% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Energy industry?

US Market1.71%
Energy0.69%
Energy Services2.52%
Oil and Gas Drilling3.90%
Oil and Gas Services2.37%
Industry PE
  • Investors are most optimistic about the Oil and Gas Services industry even though it's trading below its 3-year average PE ratio of 24.2x.
    • Analysts are expecting annual earnings growth of 7.4%, which is higher than its past year's earnings growth of 6.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 55% over the next 5 years.
  • This is better than its past earnings decline of 61% per year.
  • In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 7.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SLB SLBUS$32.632.9%
+US$1.4b		-22.2%PE11.9x
LBRT Liberty EnergyUS$15.3227.1%
+US$529.6m		-13.4%PE13.3x
SEI Solaris Energy InfrastructureUS$51.3714.2%
+US$285.0m		286.0%PE107.2x
HAL HalliburtonUS$22.271.4%
+US$255.8m		-21.4%PE10.2x
WHD CactusUS$36.619.6%
+US$220.1m		-38.5%PE13.9x

Latest News

AESI
US$10.24
Atlas Energy Solutions
7D
-2.9%
1Y
-48.6%
ACDC
US$3.65
ProFrac Holding
7D
-0.3%
1Y
-41.5%
LBRT
US$15.32
Liberty Energy
7D
27.1%
1Y
-13.4%
TTI
US$7.15
TETRA Technologies
7D
27.9%
1Y
111.5%

Energy Storage And Desalination Will Transform Market Dynamics Amid Risks

TETRA Technologies saw its analyst price target increase significantly from $6.83 to $7.67, as analysts cited higher confidence in long-term growth prospects. This outlook is supported by robust customer demand and improved revenue forecasts.
WHD
US$36.61
Cactus
7D
9.6%
1Y
-38.5%
SEI
US$51.37
Solaris Energy Infrastructure
7D
14.2%
1Y
286.0%
RCON
US$1.78
Recon Technology
7D
-11.0%
1Y
-48.7%
BKR
US$45.18
Baker Hughes
7D
0.3%
1Y
24.1%
RIG
US$3.26
Transocean
7D
5.8%
1Y
-23.1%
HAL
US$22.27
Halliburton
7D
1.4%
1Y
-21.4%

Global Energy Demand And Natural Gas Transition Will Expand Services

Analysts have raised their fair value estimate for Halliburton from $26.54 to $27.04 per share. This change is attributed to improved revenue growth projections and positive momentum from recent sector developments.
SLB
US$32.63
SLB
7D
2.9%
1Y
-22.2%
NCSM
US$36.43
NCS Multistage Holdings
7D
-12.8%
1Y
97.6%
OMSE
US$3.55
OMS Energy Technologies
7D
-4.8%
1Y
n/a
DWSN
US$1.67
Dawson Geophysical
7D
-4.6%
1Y
-6.4%

Further Upside For Dawson Geophysical Company (NASDAQ:DWSN) Shares Could Introduce Price Risks After 33% Bounce

Sep 25
Further Upside For Dawson Geophysical Company (NASDAQ:DWSN) Shares Could Introduce Price Risks After 33% Bounce
GEOS
US$20.22
Geospace Technologies
7D
-10.7%
1Y
80.1%
KLXE
US$1.68
KLX Energy Services Holdings
7D
-3.4%
1Y
-64.6%

LNG Exports And Oilfield Consolidation Will Boost Growth Amid Risks

Despite an improvement in revenue growth forecasts and a lower future P/E ratio indicating potentially better earnings value, the consensus analyst price target for KLX Energy Services Holdings has been lowered from $5.00 to $4.00. What's in the News KLX Energy Services provided Q3 2025 revenue guidance, projecting the strongest quarter of the year with low to mid-single digit sequential revenue growth and continued margin expansion.