Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Energy Services Industry Analysis

UpdatedJun 01, 2026
DataAggregated Company Financials
Companies93
  • 7D-5.6%
  • 3M6.8%
  • 1Y79.1%
  • YTD36.9%

Over the last 7 days, the Energy Services industry has dropped 5.6%, driven by SLB declining 4.4%. On the other hand SEACOR Marine Holdings is actually up 6.8%. This takes the industry's 12 month performance to a gain of 79%. As for the next few years, earnings are expected to grow by 21% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 03 Jun 2026US$323.8bUS$170.2bUS$9.0b25.4x35.8x1.9x
Fri, 01 May 2026US$340.9bUS$168.1bUS$8.9b28.2x38.3x2x
Sun, 29 Mar 2026US$317.2bUS$167.1bUS$8.2b29.5x38.7x1.9x
Tue, 24 Feb 2026US$299.5bUS$167.2bUS$8.2b26.8x36.3x1.8x
Thu, 22 Jan 2026US$254.9bUS$166.3bUS$8.5b22.2x29.9x1.5x
Sat, 20 Dec 2025US$217.1bUS$166.4bUS$8.6b18x25.4x1.3x
Mon, 17 Nov 2025US$217.4bUS$165.4bUS$8.7b16.6x24.9x1.3x
Wed, 15 Oct 2025US$194.0bUS$166.1bUS$10.0b14.2x19.3x1.2x
Fri, 12 Sep 2025US$203.1bUS$166.2bUS$10.0b15.4x20.2x1.2x
Sun, 10 Aug 2025US$186.0bUS$166.1bUS$10.0b12.2x18.5x1.1x
Tue, 08 Jul 2025US$190.0bUS$170.2bUS$12.1b11.2x15.7x1.1x
Thu, 05 Jun 2025US$180.9bUS$171.1bUS$12.2b10.9x14.8x1.1x
Sat, 03 May 2025US$173.0bUS$170.2bUS$12.4b10.9x13.9x1x
Mon, 31 Mar 2025US$208.8bUS$170.7bUS$13.4b12.9x15.5x1.2x
Wed, 26 Feb 2025US$216.7bUS$171.2bUS$13.1b14.5x16.5x1.3x
Fri, 24 Jan 2025US$231.2bUS$170.3bUS$13.7b15.6x16.9x1.4x
Sun, 22 Dec 2024US$201.8bUS$168.9bUS$13.5b14.7x14.9x1.2x
Tue, 19 Nov 2024US$222.4bUS$168.9bUS$13.5b16.5x16.4x1.3x
Thu, 17 Oct 2024US$216.8bUS$165.8bUS$14.8b18.4x14.7x1.3x
Sat, 14 Sep 2024US$203.4bUS$165.8bUS$14.8b17x13.7x1.2x
Mon, 12 Aug 2024US$223.0bUS$166.6bUS$14.4b17.5x15.5x1.3x
Wed, 10 Jul 2024US$233.8bUS$164.6bUS$13.9b13.4x16.8x1.4x
Fri, 07 Jun 2024US$224.4bUS$164.6bUS$13.9b14x16.1x1.4x
Sun, 05 May 2024US$237.7bUS$165.5bUS$13.9b13.6x17.2x1.4x
Tue, 02 Apr 2024US$250.7bUS$160.7bUS$13.2b17.2x19x1.6x
Thu, 29 Feb 2024US$222.8bUS$160.8bUS$13.4b15.7x16.7x1.4x
Sat, 27 Jan 2024US$233.2bUS$163.6bUS$12.3b16.2x19x1.4x
Mon, 25 Dec 2023US$238.6bUS$160.7bUS$12.1b16.1x19.7x1.5x
Wed, 22 Nov 2023US$237.8bUS$160.7bUS$12.1b17.9x19.6x1.5x
Fri, 20 Oct 2023US$265.0bUS$156.1bUS$11.3b15.8x23.5x1.7x
Sun, 17 Sep 2023US$268.8bUS$155.2bUS$11.2b17.9x24.1x1.7x
Tue, 15 Aug 2023US$624.8bUS$155.2bUS$11.2b14.7x56x4x
Thu, 13 Jul 2023US$559.9bUS$147.7bUS$8.5b21.2x65.8x3.8x
Sat, 10 Jun 2023US$524.5bUS$148.1bUS$8.5b18.4x61.7x3.5x
Price to Earnings Ratio

61.7x


Total Market Cap: US$524.5bTotal Earnings: US$8.5bTotal Revenue: US$148.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Services Industry Price to Earnings3Y Average 23.5x202420252026
Current Industry PE
  • Investors are optimistic on the American Energy Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 35.8x which is higher than its 3-year average PE of 23.5x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Energy Services industry have grown 2.0% per year over the last three years.
  • Revenues for these companies have grown 4.8% 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 Market1.58%
Energy-5.54%
Energy Services-5.58%
Oil and Gas Services-5.19%
Oil and Gas Drilling-8.72%
Industry PE
  • Investors are most optimistic about the Oil and Gas Services industry which is trading above its 3-year average PE ratio of 20.4x.
    • Analysts are expecting annual earnings growth of 16.3%, which is higher than its past year's earnings decline of 26.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 60% over the next 5 years.
  • However this is lower than its past earnings growth rate of 94% per year.
  • In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 16% 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
NCSM NCS Multistage HoldingsUS$55.6025.2%
+US$29.4m		91.5%PE7.6x
STAK STAKUS$1.9091.0%
+US$17.4m		-0.3%PS1.3x
TTI TETRA TechnologiesUS$10.891.1%
+US$16.2m		265.4%PE173.8x
TUSK Mammoth Energy ServicesUS$3.559.9%
+US$15.4m		33.0%PS3.1x
ACDC ProFrac HoldingUS$7.301.1%
+US$14.5m		-11.0%PS0.7x

Latest News

NCSM
US$46.51
NCS Multistage Holdings
7D
5.2%
1Y
62.3%
FTI
US$68.43
TechnipFMC
7D
-3.6%
1Y
119.3%
RIG
US$6.25
Transocean
7D
-8.2%
1Y
145.1%
Narrative Update • Jun 01

RIG: Backlog Strength And Debt Reduction Will Confront Merger And Execution Risks

Analysts have raised the fair value estimate for Transocean from about $5.91 to $6.30, citing higher long term EBITDA forecasts and updated price targets across several firms, even though growth expectations are more conservative and the assumed future P/E is lower. Analyst Commentary Recent Street research on Transocean shows a mix of cautious and constructive views, with several firms updating their models and price targets as new quarterly information becomes available.
SLB
US$54.75
SLB
7D
-4.4%
1Y
64.2%
HAL
US$39.35
Halliburton
7D
-5.1%
1Y
96.7%
Seeking Alpha • May 29

Halliburton May Be Down, But It's Certainly Not Out

Summary Halliburton Company is evolving beyond its cyclical reputation, demonstrating disciplined capital returns, operational efficiency, and a clear strategic framework under CEO Jeff Miller. HAL’s international growth is robust, with Latin America up 22% and Europe/Africa up 11%, offsetting Middle East/Asia declines and diversifying revenue sources. Profitability is improving even in flat revenue environments, with Q1 2026 net income rising to $461M and operating income to $679M, signaling strong operating leverage. I rate HAL stock a Buy, targeting $70.30 in five years, citing improved execution, international momentum, and a more resilient business mix despite cyclical and competitive risks. Read the full article on Seeking Alpha
BKR
US$62.97
Baker Hughes
7D
-4.7%
1Y
68.7%
NE
US$47.12
Noble
7D
-9.4%
1Y
82.6%
KGS
US$65.27
Kodiak Gas Services
7D
-11.5%
1Y
81.6%
AROC
US$32.92
Archrock
7D
-11.6%
1Y
29.1%
Narrative Update • May 20

AROC: Compression Demand And Balance Sheet Strength Support Future Cash Flow And Dividends

Archrock's analyst fair value estimate has shifted from $39.67 to $41.56 as analysts update targets around $40 to $42, citing solid Q4 results, steady natural gas compression demand, and expectations that continued free cash flow will support the dividend. Analyst Commentary Recent Street research on Archrock has centered on recalibrating price targets in the US$39 to US$42 range, with most analysts responding to Q4 results, the company’s balance sheet, and the outlook for natural gas compression demand.
TUSK
US$3.38
Mammoth Energy Services
7D
4.0%
1Y
26.6%
Seeking Alpha • May 19

Mammoth Energy Services: There Are Good Reasons Behind Its Cheap Valuation

Summary Mammoth Energy Services has rallied 72% YTD, driven by improved performance and a major business restructuring. TUSK’s pivot to aircraft rentals now generates 59% of Q1 2026 revenue, supporting a near doubling of total revenue and return to profitability. Management guides for 60%+ revenue growth and positive adjusted EBITDA in 2026, with SG&A costs expected to drop sharply. I recommend buying TUSK with a $4.00 price target (25% upside), but highlight its short, high-risk operating history and suitability for risk-tolerant investors. Read the full article on Seeking Alpha
SMHI
US$7.70
SEACOR Marine Holdings
7D
6.8%
1Y
42.9%
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$8.43
Geospace Technologies
7D
4.1%
1Y
34.7%
OMSE
US$4.74
OMS Energy Technologies
7D
0.9%
1Y
-46.0%
RCON
US$0.64
Recon Technology
7D
6.1%
1Y
-73.4%