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U.S. Energy Services Industry Analysis

UpdatedMay 27, 2026
DataAggregated Company Financials
Companies92
  • 7D-1.2%
  • 3M10.1%
  • 1Y89.4%
  • YTD45.4%

Over the last 7 days, the Energy Services industry has dropped 1.2%, driven by a pullback from Halliburton of 4.4%. This takes the industry's 12 month performance to a gain of 89%. 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
Wed, 27 May 2026US$342.9bUS$170.2bUS$9.0b26.7x38x2x
Fri, 24 Apr 2026US$319.6bUS$167.9bUS$8.5b30.1x37.5x1.9x
Sun, 22 Mar 2026US$292.6bUS$167.1bUS$8.2b27.1x35.5x1.8x
Tue, 17 Feb 2026US$293.6bUS$167.1bUS$7.6b25x38.6x1.8x
Thu, 15 Jan 2026US$250.8bUS$166.4bUS$8.5b21.2x29.3x1.5x
Sat, 13 Dec 2025US$233.5bUS$166.4bUS$8.6b18.4x27.3x1.4x
Mon, 10 Nov 2025US$216.0bUS$165.6bUS$8.8b16.3x24.4x1.3x
Wed, 08 Oct 2025US$206.3bUS$166.1bUS$10.0b15x20.6x1.2x
Fri, 05 Sep 2025US$195.8bUS$166.2bUS$10.0b14.9x19.5x1.2x
Sun, 03 Aug 2025US$184.0bUS$164.6bUS$11.3b11.7x16.2x1.1x
Tue, 01 Jul 2025US$182.4bUS$171.1bUS$12.2b11x14.9x1.1x
Thu, 29 May 2025US$177.0bUS$171.3bUS$12.2b11x14.5x1x
Sat, 26 Apr 2025US$174.7bUS$170.1bUS$12.9b10.5x13.6x1x
Mon, 24 Mar 2025US$207.2bUS$170.8bUS$13.4b13.9x15.4x1.2x
Wed, 19 Feb 2025US$224.6bUS$171.2bUS$13.8b15.6x16.3x1.3x
Fri, 17 Jan 2025US$229.2bUS$169.9bUS$13.6b16x16.8x1.3x
Sun, 15 Dec 2024US$216.9bUS$168.9bUS$13.5b15.6x16x1.3x
Tue, 12 Nov 2024US$224.8bUS$168.8bUS$13.6b16.4x16.5x1.3x
Thu, 10 Oct 2024US$221.4bUS$165.8bUS$14.8b18.2x15x1.3x
Sat, 07 Sep 2024US$206.2bUS$165.7bUS$14.7b17.2x14x1.2x
Mon, 05 Aug 2024US$229.4bUS$166.5bUS$14.6b17.6x15.7x1.4x
Wed, 03 Jul 2024US$235.6bUS$164.6bUS$13.9b13.8x16.9x1.4x
Fri, 31 May 2024US$236.6bUS$164.6bUS$13.9b14.5x17x1.4x
Sun, 28 Apr 2024US$245.4bUS$164.3bUS$13.3b14.6x18.4x1.5x
Tue, 26 Mar 2024US$246.7bUS$160.7bUS$13.1b17.1x18.8x1.5x
Thu, 22 Feb 2024US$219.8bUS$160.2bUS$12.6b15.9x17.5x1.4x
Sat, 20 Jan 2024US$221.6bUS$163.1bUS$12.1b16x18.3x1.4x
Mon, 18 Dec 2023US$233.4bUS$160.7bUS$12.1b16.9x19.3x1.5x
Wed, 15 Nov 2023US$241.9bUS$160.5bUS$12.1b18.7x20x1.5x
Fri, 13 Oct 2023US$260.3bUS$156.1bUS$11.3b15.2x23.1x1.7x
Sun, 10 Sep 2023US$262.2bUS$155.2bUS$11.2b16.7x23.5x1.7x
Tue, 08 Aug 2023US$568.3bUS$153.8bUS$10.8b20.8x52.5x3.7x
Thu, 06 Jul 2023US$534.5bUS$147.7bUS$8.5b19x62.8x3.6x
Sat, 03 Jun 2023US$521.7bUS$148.1bUS$8.5b18x61.4x3.5x
Price to Earnings Ratio

61.4x


Total Market Cap: US$521.7bTotal 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 23.6x202420252026
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 38.0x which is higher than its 3-year average PE of 23.6x.
  • 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 4.7% 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 Market2.46%
Energy-5.40%
Energy Services-1.20%
Oil and Gas Services-0.10%
Oil and Gas Drilling-9.17%
Industry PE
  • Investors are most optimistic about the Oil and Gas Services industry which is trading above its 3-year average PE ratio of 20.6x.
    • 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 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 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
SLB SLBUS$57.982.1%
+US$1.8b		70.9%PE26x
BKR Baker HughesUS$66.731.9%
+US$1.3b		79.2%PE21.2x
SEI Solaris Energy InfrastructureUS$75.374.0%
+US$171.1m		166.5%PE98.9x
WHD CactusUS$62.743.2%
+US$134.7m		48.7%PE59.5x
OII Oceaneering InternationalUS$39.052.7%
+US$103.7m		102.8%PE11.5x

Latest News

SLB
US$57.98
SLB
7D
2.1%
1Y
70.9%
SEI
US$75.37
Solaris Energy Infrastructure
7D
4.0%
1Y
166.5%
RIG
US$6.48
Transocean
7D
-13.0%
1Y
148.3%
Seeking Alpha • May 26

Transocean: Backlog, Valaris And 2027 Tightness Can Drive The Next Leg

Summary Transocean Ltd. is rated a Buy, with operational momentum, a strong backlog, and the pending Valaris acquisition driving the investment thesis. RIG's $7B backlog, high contract coverage into 2027, and improving utilization underpin forward cash flow visibility and deleveraging. The Valaris deal, if closed, could add $5B in backlog, $200M+ in synergies, and accelerate leverage reduction to 1.5x EBITDA within 24 months. Despite RIG's sharp run and higher valuation, the 2027 setup, backlog strength, and potential for a short squeeze offer further upside. Read the full article on Seeking Alpha
WHD
US$62.74
Cactus
7D
3.2%
1Y
48.7%
HAL
US$41.08
Halliburton
7D
-4.4%
1Y
105.7%
NE
US$50.02
Noble
7D
-7.8%
1Y
102.3%
BORR
US$5.33
Borr Drilling
7D
-13.5%
1Y
204.6%
NOV
US$21.12
NOV
7D
0.8%
1Y
71.7%
BKR
US$66.73
Baker Hughes
7D
1.9%
1Y
79.2%
SDRL
US$49.74
Seadrill
7D
-8.3%
1Y
107.3%
OII
US$39.05
Oceaneering International
7D
2.7%
1Y
102.8%
NESR
US$25.89
National Energy Services Reunited
7D
1.9%
1Y
306.4%
VAL
US$96.33
Valaris
7D
-13.3%
1Y
151.3%
FTI
US$71.41
TechnipFMC
7D
-3.3%
1Y
136.1%
TTI
US$10.77
TETRA Technologies
7D
4.4%
1Y
288.8%
Narrative Update • May 15

TTI: Future Upside Will Be Driven By 2026 Earnings And Desalination

Analysts have slightly lowered their price target on TETRA Technologies from $12.75 to $12.50. This adjustment reflects updated assumptions around the discount rate, revenue growth, profit margin and future P/E that modestly change the assessed risk and return balance for the stock.
TDW
US$78.74
Tidewater
7D
-6.1%
1Y
90.5%