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U.S. Energy Services Industry Analysis

UpdatedJun 17, 2026
DataAggregated Company Financials
Companies92
  • 7D-3.5%
  • 3M6.7%
  • 1Y57.5%
  • YTD33.0%

Over the last 7 days, the Energy Services industry has dropped 3.5%, driven by a pullback from SLB of 5.0%. On the other hand Solaris Energy Infrastructure is actually up 11%. This takes the industry's 12 month performance to a gain of 58%. 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, 17 Jun 2026US$320.8bUS$170.2bUS$9.0b26.9x35.5x1.9x
Fri, 15 May 2026US$335.9bUS$169.0bUS$8.9b26.6x37.7x2x
Sun, 12 Apr 2026US$313.3bUS$167.9bUS$8.3b25.6x38x1.9x
Tue, 10 Mar 2026US$286.8bUS$167.3bUS$8.2b26.3x35x1.7x
Thu, 05 Feb 2026US$279.4bUS$166.9bUS$7.9b23.4x35.3x1.7x
Sat, 03 Jan 2026US$222.8bUS$166.4bUS$8.6b18.7x26x1.3x
Mon, 01 Dec 2025US$221.1bUS$166.4bUS$8.6b17.1x25.8x1.3x
Wed, 29 Oct 2025US$211.7bUS$165.3bUS$9.6b16.3x22.1x1.3x
Fri, 26 Sep 2025US$207.4bUS$166.2bUS$10.0b15.2x20.7x1.2x
Sun, 24 Aug 2025US$197.1bUS$166.2bUS$10.0b14.4x19.6x1.2x
Tue, 22 Jul 2025US$178.6bUS$166.2bUS$11.7b11.1x15.3x1.1x
Thu, 19 Jun 2025US$194.0bUS$171.1bUS$12.2b11.6x15.9x1.1x
Sat, 17 May 2025US$183.0bUS$171.3bUS$12.3b11.2x14.9x1.1x
Mon, 14 Apr 2025US$170.4bUS$171.0bUS$13.5b10.2x12.6x1x
Wed, 12 Mar 2025US$199.0bUS$171.1bUS$13.5b12.4x14.8x1.2x
Fri, 07 Feb 2025US$228.8bUS$170.5bUS$13.8b15.5x16.6x1.3x
Sun, 05 Jan 2025US$217.1bUS$169.8bUS$13.6b16x16x1.3x
Tue, 03 Dec 2024US$231.9bUS$168.9bUS$13.5b16.8x17.2x1.4x
Thu, 31 Oct 2024US$205.6bUS$167.7bUS$14.3b17.4x14.4x1.2x
Sat, 28 Sep 2024US$209.2bUS$165.8bUS$14.8b18x14.1x1.3x
Mon, 26 Aug 2024US$226.2bUS$166.7bUS$14.4b18.8x15.7x1.4x
Wed, 24 Jul 2024US$247.0bUS$165.6bUS$14.0b15.5x17.6x1.5x
Fri, 21 Jun 2024US$226.0bUS$164.6bUS$13.9b13.8x16.3x1.4x
Sun, 19 May 2024US$246.6bUS$164.5bUS$13.9b14.4x17.7x1.5x
Tue, 16 Apr 2024US$251.3bUS$162.2bUS$13.5b15.1x18.7x1.5x
Thu, 14 Mar 2024US$233.8bUS$160.7bUS$13.2b16.4x17.8x1.5x
Sat, 10 Feb 2024US$215.3bUS$159.2bUS$12.3b15.7x17.5x1.4x
Mon, 08 Jan 2024US$234.2bUS$161.6bUS$12.1b16x19.4x1.4x
Wed, 06 Dec 2023US$235.3bUS$160.7bUS$12.1b16.9x19.4x1.5x
Fri, 03 Nov 2023US$246.8bUS$159.3bUS$12.4b15.4x19.9x1.5x
Sun, 01 Oct 2023US$260.8bUS$155.2bUS$11.2b16.6x23.4x1.7x
Tue, 29 Aug 2023US$247.3bUS$155.2bUS$11.2b14.9x22.2x1.6x
Thu, 27 Jul 2023US$567.4bUS$151.8bUS$10.7b22x52.8x3.7x
Sat, 24 Jun 2023US$517.8bUS$147.7bUS$8.5b17.2x60.9x3.5x
Price to Earnings Ratio

60.9x


Total Market Cap: US$517.8bTotal Earnings: US$8.5bTotal Revenue: US$147.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Services Industry Price to Earnings3Y Average 23.1x202420252026
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 35.5x which is higher than its 3-year average PE of 23.1x.
  • The 3-year average PS ratio of 1.5x 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 4.8% 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 Market2.32%
Energy-3.39%
Energy Services-3.52%
Oil and Gas Services-3.25%
Oil and Gas Drilling-5.79%
Industry PE
  • Investors are most optimistic about the Oil and Gas Services industry which is trading above its 3-year average PE ratio of 19.9x.
    • Analysts are expecting annual earnings growth of 17.0%, 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
SEI Solaris Energy InfrastructureUS$76.1511.0%
+US$440.4m		160.3%PE99.9x
WBI WaterBridge InfrastructureUS$31.979.0%
+US$123.7m		n/aPS2.4x
AROC ArchrockUS$35.751.6%
+US$101.7m		44.1%PE19.5x
NESR National Energy Services ReunitedUS$24.943.7%
+US$88.7m		297.8%PE39x
KGS Kodiak Gas ServicesUS$67.871.2%
+US$78.5m		99.1%PE102.5x

Latest News

TTI
US$10.15
TETRA Technologies
7D
3.8%
1Y
163.6%
Analysis Article • 4h

TETRA Technologies (TTI) Stock Could Be 18.8% Undervalued On Bromine Growth Narrative

TETRA Technologies (TTI) stock has drawn investor attention after a recent stretch of mixed short term performance, with the share price down about 4% over the past month but up roughly 32% in the past 3 months. See our latest analysis for TETRA Technologies. At a share price of $10.15, TETRA Technologies has seen short term momentum soften with a 1 month share price return slightly down, while a 1 year total shareholder return of 163.64% indicates investors may be reassessing both its growth...
NOV
US$19.96
NOV
7D
-4.1%
1Y
44.6%
VAL
US$82.64
Valaris
7D
-5.5%
1Y
78.1%
RIG
US$5.59
Transocean
7D
-4.8%
1Y
74.1%
PTEN
US$10.35
Patterson-UTI Energy
7D
-10.7%
1Y
57.7%
WBI
US$31.97
WaterBridge Infrastructure
7D
9.0%
1Y
n/a
HAL
US$37.20
Halliburton
7D
-6.1%
1Y
61.7%
Narrative Update • Jun 16

HAL: Future Returns Will Rely On Executing New Global Energy Projects

Halliburton's analyst price target has edged higher by $0.56 to $44.24, reflecting updated models that incorporate a slightly lower discount rate, modestly adjusted revenue growth and margin assumptions, and a future P/E estimate aligned with the series of recent target increases across the Street. Analyst Commentary Recent Street research on Halliburton has been active, with several firms adjusting price targets and, in one case, issuing an upgrade.
SLB
US$53.07
SLB
7D
-5.0%
1Y
47.1%
SEI
US$76.15
Solaris Energy Infrastructure
7D
11.0%
1Y
160.3%
BKR
US$61.52
Baker Hughes
7D
-3.2%
1Y
55.4%
PUMP
US$14.85
ProPetro Holding
7D
1.2%
1Y
121.0%
NINE
US$11.13
Nine Energy Service
7D
11.9%
1Y
n/a
New Narrative • Jun 10

Completions Focus And International Tools Exposure Will Support Long Term Business Resilience

Catalysts About Nine Energy Service Nine Energy Service provides completion focused services and tools to oil and gas operators across U.S. land and select international markets. What are the underlying business or industry changes driving this perspective?
FTI
US$67.00
TechnipFMC
7D
-2.0%
1Y
89.7%
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.
KGS
US$67.87
Kodiak Gas Services
7D
1.2%
1Y
99.1%
Narrative Update • Jun 05

KGS: Longer Term Contracts And Power Expansion Will Drive Future Upside

The analyst fair value estimate for Kodiak Gas Services has moved from about $79.33 to about $82.21, as analysts factor in higher projected revenue growth, a slightly lower discount rate, modestly stronger margin assumptions, and support from recent bullish Street research on compression and behind the meter power opportunities. Analyst Commentary Recent Street research on Kodiak Gas Services has been broadly constructive, with several firms updating price targets and coverage as they reassess the company’s earnings power, contract profile, and newer power-related opportunities.
AROC
US$35.75
Archrock
7D
1.6%
1Y
44.1%
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.
NESR
US$24.94
National Energy Services Reunited
7D
3.7%
1Y
297.8%
Narrative Update • Jun 04

NESR: Energy Security Theme And Q1 Execution Will Drive Future Repricing

Analysts have nudged their fair value estimate for National Energy Services Reunited up from $29.57 to $31.86, citing higher Street price targets tied to Q1 revenue and EBITDA strength, as well as ongoing support from the Energy Security theme across key end markets. Analyst Commentary Bullish Takeaways Bullish analysts have raised their price targets into the low to mid US$30s, signaling that recent Q1 results and updated assumptions support a higher fair value range for the stock.