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U.S. Energy Services Industry Analysis

UpdatedMay 23, 2026
DataAggregated Company Financials
Companies92
  • 7D1.1%
  • 3M12.4%
  • 1Y91.7%
  • YTD45.0%

Over the last 7 days, the Energy Services industry has risen 1.1%, driven by gains from SLB of 3.4%. In the last 12 months, the industry was up 92%. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 23 May 2026US$343.8bUS$170.2bUS$9.0b26.9x38.1x2x
Mon, 20 Apr 2026US$307.6bUS$167.9bUS$8.3b28.8x37.3x1.8x
Wed, 18 Mar 2026US$281.3bUS$167.1bUS$8.2b27.1x34.1x1.7x
Fri, 13 Feb 2026US$296.0bUS$167.2bUS$7.5b24.6x39.2x1.8x
Sun, 11 Jan 2026US$249.3bUS$166.4bUS$8.5b20.9x29.2x1.5x
Tue, 09 Dec 2025US$230.1bUS$166.4bUS$8.6b18x26.8x1.4x
Thu, 06 Nov 2025US$212.6bUS$165.6bUS$8.7b16.1x24.4x1.3x
Sat, 04 Oct 2025US$203.7bUS$166.1bUS$10.0b15.2x20.3x1.2x
Mon, 01 Sep 2025US$201.1bUS$166.1bUS$10.0b14.9x20x1.2x
Wed, 30 Jul 2025US$199.2bUS$164.6bUS$11.4b11.7x17.5x1.2x
Fri, 27 Jun 2025US$179.3bUS$171.1bUS$12.2b11x14.7x1x
Sun, 25 May 2025US$174.4bUS$171.3bUS$12.2b10.8x14.2x1x
Tue, 22 Apr 2025US$177.9bUS$170.6bUS$13.4b10.6x13.3x1x
Thu, 20 Mar 2025US$206.6bUS$170.9bUS$13.4b13.6x15.5x1.2x
Sat, 15 Feb 2025US$225.4bUS$170.6bUS$13.7b15.4x16.4x1.3x
Mon, 13 Jan 2025US$216.5bUS$169.9bUS$13.6b15.7x15.9x1.3x
Wed, 11 Dec 2024US$218.2bUS$168.9bUS$13.5b16.1x16.1x1.3x
Fri, 08 Nov 2024US$228.9bUS$168.9bUS$13.6b18.7x16.8x1.4x
Sun, 06 Oct 2024US$227.3bUS$165.8bUS$14.8b19x15.4x1.4x
Tue, 03 Sep 2024US$224.6bUS$166.7bUS$14.4b18.5x15.6x1.3x
Thu, 01 Aug 2024US$252.4bUS$167.6bUS$14.4b17.6x17.5x1.5x
Sat, 29 Jun 2024US$236.1bUS$164.6bUS$13.9b14x17x1.4x
Mon, 27 May 2024US$236.9bUS$164.6bUS$13.9b14.5x17.1x1.4x
Wed, 24 Apr 2024US$245.2bUS$163.1bUS$13.5b14.9x18.2x1.5x
Fri, 22 Mar 2024US$246.9bUS$160.7bUS$13.1b17.4x18.8x1.5x
Sun, 18 Feb 2024US$221.0bUS$160.1bUS$12.3b15.9x18x1.4x
Tue, 16 Jan 2024US$224.3bUS$161.6bUS$12.1b15.5x18.6x1.4x
Thu, 14 Dec 2023US$221.2bUS$160.7bUS$12.1b16.5x18.3x1.4x
Sat, 11 Nov 2023US$236.9bUS$160.5bUS$12.1b18.3x19.6x1.5x
Mon, 09 Oct 2023US$247.5bUS$156.1bUS$11.3b14.1x22x1.6x
Wed, 06 Sep 2023US$263.5bUS$155.2bUS$11.2b16.7x23.6x1.7x
Fri, 04 Aug 2023US$569.7bUS$153.8bUS$10.8b21.1x52.6x3.7x
Sun, 02 Jul 2023US$532.9bUS$147.7bUS$8.5b18.2x62.6x3.6x
Tue, 30 May 2023US$512.0bUS$148.1bUS$8.5b17.5x60.2x3.5x
Price to Earnings Ratio

60.2x


Total Market Cap: US$512.0bTotal 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 23.7x202420252026
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 38.1x which is higher than its 3-year average PE of 23.7x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Energy Services industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 4.8% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

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

US Market1.01%
Energy-0.38%
Energy Services1.11%
Oil and Gas Services1.60%
Oil and Gas Drilling-2.65%
Industry PE
  • Investors are most optimistic about the Oil and Gas Services industry which is trading above its 3-year average PE ratio of 20.7x.
    • Analysts are expecting annual earnings growth of 16.5%, 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 59% over the next 5 years.
  • This is better than its past earnings growth rate of 4.9% 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
SLB SLBUS$57.283.4%
+US$2.8b		70.2%PE25.7x
BKR Baker HughesUS$66.063.0%
+US$1.9b		79.8%PE21x
WHD CactusUS$62.269.3%
+US$367.9m		50.1%PE59.1x
NOV NOVUS$20.812.2%
+US$157.9m		71.4%PE82.1x
INVX Innovex InternationalUS$30.057.3%
+US$141.0m		113.3%PE39.8x

Latest News

NOV
US$20.81
NOV
7D
2.2%
1Y
71.4%
LBRT
US$31.84
Liberty Energy
7D
-3.4%
1Y
171.9%
EROK
US$23.42
EagleRock Land
7D
8.7%
1Y
n/a
BKR
US$66.06
Baker Hughes
7D
3.0%
1Y
79.8%
SEI
US$74.27
Solaris Energy Infrastructure
7D
-5.5%
1Y
174.6%
Narrative Update • May 21

SEI: Hyperscaler Power Contracts Will Drive Upcoming Natural Gas Capacity Expansion

Narrative Update on Solaris Energy Infrastructure The analyst price target for Solaris Energy Infrastructure has shifted higher by about $19, with analysts pointing to updated assumptions for fair value near $89.73, a lower implied future P/E multiple near 23.82, and refreshed expectations for revenue growth and profit margins as key drivers of the change. Analyst Commentary Recent Street research on Solaris Energy Infrastructure has been active, with several price target revisions and new initiations feeding into the updated fair value assumptions investors are watching.
OII
US$38.77
Oceaneering International
7D
2.5%
1Y
104.2%
WHD
US$62.26
Cactus
7D
9.3%
1Y
50.1%
SLB
US$57.28
SLB
7D
3.4%
1Y
70.2%
VAL
US$101.17
Valaris
7D
-4.0%
1Y
178.9%
RIG
US$6.81
Transocean
7D
-3.3%
1Y
173.5%
BORR
US$5.52
Borr Drilling
7D
-11.8%
1Y
236.6%
HAL
US$41.47
Halliburton
7D
-0.7%
1Y
108.3%
INVX
US$30.05
Innovex International
7D
7.3%
1Y
113.3%
TDW
US$79.29
Tidewater
7D
-3.7%
1Y
100.9%
NE
US$52.00
Noble
7D
-1.7%
1Y
121.4%
CLB
US$14.22
Core Laboratories
7D
8.8%
1Y
31.1%