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U.S. Energy Services Industry Analysis

UpdatedOct 17, 2025
DataAggregated Company Financials
Companies81
  • 7D-3.4%
  • 3M5.8%
  • 1Y-11.2%
  • YTD-10.4%

Over the last 7 days, the Energy Services industry has dropped 3.4%, driven by a pullback from Baker Hughes of 6.8%. In contrast, Solaris Energy Infrastructure has gained 14%. However, the industry is down 11% over the past year. Looking forward, 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$193.1bUS$165.7bUS$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 Market-1.49%
Energy-2.94%
Energy Services-3.36%
Oil and Gas Services-3.33%
Oil and Gas Drilling-3.64%
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 7.3%, 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 7.3% 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
SEI Solaris Energy InfrastructureUS$54.1613.6%
+US$288.6m		295.9%PE113x
TTI TETRA TechnologiesUS$7.0824.0%
+US$182.6m		109.5%PE7.8x
NESR National Energy Services ReunitedUS$10.534.9%
+US$49.4m		24.0%PE14.4x
WTTR Select Water SolutionsUS$10.814.0%
+US$43.8m		-3.7%PE34.1x
VTOL Bristow GroupUS$38.714.0%
+US$42.6m		12.2%PE9.4x

Latest News

VTOL
US$38.71
Bristow Group
7D
4.0%
1Y
12.2%

Not Many Are Piling Into Bristow Group Inc. (NYSE:VTOL) Just Yet

Oct 16
Not Many Are Piling Into Bristow Group Inc. (NYSE:VTOL) Just Yet
SEI
US$54.16
Solaris Energy Infrastructure
7D
13.6%
1Y
295.9%
BKR
US$44.64
Baker Hughes
7D
-6.8%
1Y
21.0%
HAL
US$21.82
Halliburton
7D
-6.8%
1Y
-24.6%

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.
TTI
US$7.08
TETRA Technologies
7D
24.0%
1Y
109.5%
WTTR
US$10.81
Select Water Solutions
7D
4.0%
1Y
-3.7%
NE
US$27.45
Noble
7D
-4.9%
1Y
-18.0%
SLB
US$32.92
SLB
7D
-0.6%
1Y
-25.2%
CLB
US$11.41
Core Laboratories
7D
3.9%
1Y
-38.0%
NESR
US$10.53
National Energy Services Reunited
7D
4.9%
1Y
24.0%

Global Energy Demand And Digital Upgrades Will Secure Future Success

The analyst price target for National Energy Services Reunited has increased from $13.20 to $15.00 per share. Analysts cite improved revenue growth expectations and stronger profit margins as reasons for their more optimistic outlook.
VAL
US$48.15
Valaris
7D
-4.8%
1Y
-7.3%
AROC
US$23.76
Archrock
7D
-5.0%
1Y
12.6%
FET
US$27.54
Forum Energy Technologies
7D
5.1%
1Y
78.8%
FTI
US$35.70
TechnipFMC
7D
-3.3%
1Y
34.6%

Accelerated Offshore Projects And Integrated Subsea Will Shape Future Momentum

Analysts have raised their price target for TechnipFMC from $41 to $43, citing continued strength in subsea orders and management's confidence in achieving long-term goals, even in the face of macro uncertainty. Analyst Commentary Recent analyst opinions on TechnipFMC reflect a balanced view, highlighting both the company's strengths and the challenges it faces in the current market environment.
LSE
US$5.79
Leishen Energy Holding
7D
5.1%
1Y
n/a
NOV
US$12.69
NOV
7D
-3.5%
1Y
-18.8%