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U.S. Energy Services Industry Analysis

UpdatedJun 12, 2026
DataAggregated Company Financials
Companies93
  • 7D-2.7%
  • 3M15.6%
  • 1Y68.3%
  • YTD39.2%

Over the last 7 days, the Energy Services industry has dropped 2.7%, driven by declines in SLB and Baker Hughes of 3.5% and 4.0%, respectively. This takes the industry's 12 month performance to a gain of 68%. 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
Fri, 12 Jun 2026US$326.8bUS$170.2bUS$9.0b28.2x36.2x1.9x
Sun, 10 May 2026US$320.2bUS$168.3bUS$8.8b34.9x36.3x1.9x
Tue, 07 Apr 2026US$304.3bUS$167.9bUS$8.3b26.3x36.9x1.8x
Thu, 05 Mar 2026US$296.9bUS$167.4bUS$8.2b27.1x36.4x1.8x
Sat, 31 Jan 2026US$273.4bUS$166.9bUS$7.9b22.4x34.6x1.6x
Mon, 29 Dec 2025US$219.8bUS$166.4bUS$8.6b18x25.7x1.3x
Wed, 26 Nov 2025US$216.9bUS$166.4bUS$8.5b16.8x25.5x1.3x
Fri, 24 Oct 2025US$205.4bUS$165.1bUS$8.9b16.3x23x1.2x
Sun, 21 Sep 2025US$199.6bUS$166.2bUS$10.0b14.7x19.9x1.2x
Tue, 19 Aug 2025US$185.6bUS$166.2bUS$10.0b13.7x18.5x1.1x
Thu, 17 Jul 2025US$180.9bUS$166.6bUS$11.8b11x15.3x1.1x
Sat, 14 Jun 2025US$190.2bUS$171.1bUS$12.2b10.7x15.6x1.1x
Mon, 12 May 2025US$175.5bUS$171.3bUS$12.4b10.9x14.1x1x
Wed, 09 Apr 2025US$166.1bUS$170.7bUS$13.4b10x12.3x1x
Fri, 07 Mar 2025US$199.7bUS$171.3bUS$13.6b12.2x14.7x1.2x
Sun, 02 Feb 2025US$221.2bUS$170.6bUS$14.4b14.8x15.4x1.3x
Tue, 31 Dec 2024US$206.0bUS$168.9bUS$13.5b15.8x15.2x1.2x
Thu, 28 Nov 2024US$229.8bUS$168.9bUS$13.5b16x17x1.4x
Sat, 26 Oct 2024US$207.5bUS$167.6bUS$14.3b17.7x14.5x1.2x
Mon, 23 Sep 2024US$218.5bUS$165.8bUS$14.8b18.1x14.8x1.3x
Wed, 21 Aug 2024US$228.2bUS$166.7bUS$14.4b18x15.9x1.4x
Fri, 19 Jul 2024US$250.9bUS$164.5bUS$13.9b15.6x18.1x1.5x
Sun, 16 Jun 2024US$221.3bUS$164.6bUS$13.9b13.4x15.9x1.3x
Tue, 14 May 2024US$242.6bUS$164.4bUS$13.9b14.8x17.5x1.5x
Thu, 11 Apr 2024US$259.2bUS$162.2bUS$13.5b16.2x19.2x1.6x
Sat, 09 Mar 2024US$229.5bUS$161.0bUS$13.3b14.9x17.3x1.4x
Mon, 05 Feb 2024US$218.9bUS$163.8bUS$12.8b16x17.1x1.3x
Wed, 03 Jan 2024US$235.1bUS$161.6bUS$12.1b15.9x19.4x1.5x
Fri, 01 Dec 2023US$233.7bUS$160.7bUS$12.1b17.5x19.3x1.5x
Sun, 29 Oct 2023US$248.7bUS$159.5bUS$12.4b14.9x20x1.6x
Tue, 26 Sep 2023US$264.8bUS$155.2bUS$11.2b17x23.7x1.7x
Thu, 24 Aug 2023US$251.1bUS$155.2bUS$11.2b15.5x22.5x1.6x
Sat, 22 Jul 2023US$561.3bUS$151.1bUS$10.4b21.8x54.1x3.7x
Mon, 19 Jun 2023US$523.7bUS$147.6bUS$8.5b18.1x61.8x3.5x
Price to Earnings Ratio

61.8x


Total Market Cap: US$523.7bTotal Earnings: US$8.5bTotal Revenue: US$147.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Services Industry Price to Earnings3Y Average 23.3x202420252026
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 36.2x which is higher than its 3-year average PE of 23.3x.
  • 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 2.1% per year over the last three years.
  • Revenues for these companies have grown 4.9% 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-2.36%
Energy-2.86%
Energy Services-2.69%
Oil and Gas Services-2.65%
Oil and Gas Drilling-3.06%
Industry PE
  • Investors are most optimistic about the Oil and Gas Services industry which is trading above its 3-year average PE ratio of 20.1x.
    • Analysts are expecting annual earnings growth of 16.6%, 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 17% 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
FTI TechnipFMCUS$70.602.3%
+US$633.9m		103.6%PE26x
AROC ArchrockUS$36.073.7%
+US$227.8m		44.8%PE19.7x
STAK STAKUS$8.1291.5%
+US$74.5m		346.2%PS5.7x
TTI TETRA TechnologiesUS$10.455.2%
+US$70.4m		191.1%PE166.8x
VTOL Bristow GroupUS$43.082.4%
+US$29.3m		27.8%PE11.1x

Latest News

HAL
US$39.76
Halliburton
7D
-3.5%
1Y
80.9%
PTEN
US$11.49
Patterson-UTI Energy
7D
-6.4%
1Y
80.9%
TTI
US$10.45
TETRA Technologies
7D
5.2%
1Y
191.1%
RIG
US$6.03
Transocean
7D
-3.5%
1Y
87.9%
NGS
US$42.42
Natural Gas Services Group
7D
2.6%
1Y
65.8%
AESI
US$16.47
Atlas Energy Solutions
7D
-9.8%
1Y
14.4%
Narrative Update • Jun 09

AESI: Expanded Distributed Power Capacity Will Limit Upside If Utilization Disappoints

Analysts have lifted the implied fair value for Atlas Energy Solutions to $13.00 from $9.02, citing updated expectations around distributed power growth plans, the Caterpillar power capacity agreement, and a broad series of recent price target increases across the Street. Analyst Commentary Recent Street research on Atlas Energy Solutions has become more mixed, even as several firms have lifted price targets and updated ratings.
INVX
US$28.75
Innovex International
7D
1.5%
1Y
71.5%
New Narrative • Jun 08

Subsea Growth And Capital Light Model Will Support Stronger Long Term Earnings Power

Catalysts About Innovex International Innovex International provides oilfield technologies and services focused on well construction, completions, and Subsea solutions across U.S. land, offshore, and international markets. What are the underlying business or industry changes driving this perspective?
VTOL
US$43.08
Bristow Group
7D
2.4%
1Y
27.8%
FTI
US$70.60
TechnipFMC
7D
2.3%
1Y
103.6%
Narrative Update • Jun 06

FTI: Subsea Order Cadence And Margin Gains Will Support Richer Future Pricing

Analysts have lifted the fair value estimate for TechnipFMC to $76.00 from $65.62, citing higher assumed revenue growth, slightly stronger profit margins, and a higher future P/E multiple. This outlook is supported by rising price targets that reference subsea order interest, margin expansion efforts, and recent earnings execution.
BKR
US$63.48
Baker Hughes
7D
-4.0%
1Y
64.3%
SLB
US$56.00
SLB
7D
-3.5%
1Y
57.2%
Narrative Update • Jun 04

SLB: Elevated EBITDA Hopes Will Pressure Returns If Execution Disappoints

SLB's fair value estimate has moved from $40.07 to $49.50 as analysts lift price targets, including a recent increase to $60, citing updated models that assume higher future EBITDA and a higher future P/E multiple. Analyst Commentary Recent Street research on SLB has centered on updated models for EBITDA and P/E, which feed directly into higher price targets.
AROC
US$36.07
Archrock
7D
3.7%
1Y
44.8%
Narrative Update • Jun 04

AROC: Compression Demand And Natural Gas Trends Will Support Future Cash Flow

Narrative Update: Archrock Analyst Price Target Shift The updated analyst price target for Archrock has moved modestly higher to about $41.89 from $41.56, with analysts pointing to recalibrated assumptions on revenue growth, profit margins, and future P/E, along with recent target changes around $40 from firms covering the stock. Analyst Commentary Recent Street research on Archrock shows a mix of optimism and caution around the stock, with several firms adjusting their price targets and updating views on the company’s execution and earnings power.
ESOA
US$16.40
Energy Services of America
7D
6.4%
1Y
46.8%
LBRT
US$28.03
Liberty Energy
7D
-11.2%
1Y
114.5%
VAL
US$89.78
Valaris
7D
-3.4%
1Y
96.9%
Narrative Update • May 29

VAL: Petrobras Extension And Suriname Collaboration Will Steady Future Return Potential

Analysts have lifted their Valaris fair value estimate from $98.00 to $99.00, citing updated views on discount rates, revenue growth, profit margins, and a lower future P/E assumption as key drivers behind the change. What's in the News Valaris secured a 1,064-day contract extension with Petrobras offshore Brazil for drillship VALARIS DS-4.
STAK
US$8.12
STAK
7D
91.5%
1Y
346.2%