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U.S. Energy Services Industry Analysis

UpdatedJun 15, 2026
DataAggregated Company Financials
Companies92
  • 7D-0.3%
  • 3M11.8%
  • 1Y67.0%
  • YTD39.7%

Over the last 7 days, the Energy Services industry has remained flat. The past year has been better, since the industry has gained 67% in that time. Looking forward, 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
Mon, 15 Jun 2026US$330.3bUS$170.2bUS$9.0b28.2x36.6x1.9x
Wed, 13 May 2026US$328.6bUS$168.5bUS$8.8b35.7x37.2x2x
Fri, 10 Apr 2026US$313.5bUS$167.9bUS$8.3b25.8x38x1.9x
Sun, 08 Mar 2026US$286.8bUS$167.3bUS$8.2b26.2x35x1.7x
Tue, 03 Feb 2026US$272.3bUS$166.9bUS$7.9b22.8x34.5x1.6x
Thu, 01 Jan 2026US$223.9bUS$166.4bUS$8.6b18.2x26.2x1.3x
Sat, 29 Nov 2025US$220.9bUS$166.4bUS$8.6b17.1x25.8x1.3x
Mon, 27 Oct 2025US$213.7bUS$165.3bUS$9.7b16.3x21.9x1.3x
Wed, 24 Sep 2025US$199.7bUS$166.2bUS$10.0b15x19.9x1.2x
Fri, 22 Aug 2025US$186.3bUS$166.2bUS$10.0b13.6x18.6x1.1x
Sun, 20 Jul 2025US$175.4bUS$166.2bUS$11.7b11.1x15x1.1x
Tue, 17 Jun 2025US$193.3bUS$171.1bUS$12.2b11.7x15.8x1.1x
Thu, 15 May 2025US$185.0bUS$171.4bUS$12.3b11.1x15x1.1x
Sat, 12 Apr 2025US$165.7bUS$171.0bUS$13.5b10.2x12.3x1x
Mon, 10 Mar 2025US$204.3bUS$171.3bUS$13.6b12.7x15.1x1.2x
Wed, 05 Feb 2025US$222.6bUS$171.1bUS$14.4b15.8x15.5x1.3x
Fri, 03 Jan 2025US$209.9bUS$168.8bUS$13.5b16.1x15.5x1.2x
Sun, 01 Dec 2024US$231.9bUS$168.9bUS$13.5b16.3x17.2x1.4x
Tue, 29 Oct 2024US$210.5bUS$167.6bUS$14.3b17.4x14.7x1.3x
Thu, 26 Sep 2024US$220.7bUS$165.8bUS$14.8b17.9x14.9x1.3x
Sat, 24 Aug 2024US$221.4bUS$166.7bUS$14.4b18.8x15.4x1.3x
Mon, 22 Jul 2024US$247.9bUS$165.6bUS$14.0b15.5x17.7x1.5x
Wed, 19 Jun 2024US$224.8bUS$164.6bUS$13.9b13.5x16.2x1.4x
Fri, 17 May 2024US$244.3bUS$164.5bUS$13.9b14.3x17.6x1.5x
Sun, 14 Apr 2024US$258.3bUS$162.2bUS$13.5b15.5x19.2x1.6x
Tue, 12 Mar 2024US$233.5bUS$161.0bUS$13.3b15.1x17.6x1.5x
Thu, 08 Feb 2024US$215.8bUS$159.3bUS$12.4b16.2x17.5x1.4x
Sat, 06 Jan 2024US$231.7bUS$161.6bUS$12.1b16x19.2x1.4x
Mon, 04 Dec 2023US$236.8bUS$160.7bUS$12.1b17.6x19.5x1.5x
Wed, 01 Nov 2023US$247.6bUS$159.6bUS$12.2b14.8x20.3x1.6x
Fri, 29 Sep 2023US$269.7bUS$155.2bUS$11.2b17.3x24.2x1.7x
Sun, 27 Aug 2023US$247.4bUS$155.2bUS$11.2b14.9x22.2x1.6x
Tue, 25 Jul 2023US$566.3bUS$151.3bUS$10.4b22x54.6x3.7x
Thu, 22 Jun 2023US$523.3bUS$147.6bUS$8.5b18.1x61.7x3.5x
Price to Earnings Ratio

61.7x


Total Market Cap: US$523.3bTotal 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 23.2x202420252026
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 36.6x which is higher than its 3-year average PE of 23.2x.
  • 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 4.9% 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 Market0.50%
Energy-1.09%
Energy Services-0.26%
Oil and Gas Services-0.13%
Oil and Gas Drilling-1.38%
Industry PE
  • Investors are most optimistic about the Oil and Gas Services industry which is trading above its 3-year average PE ratio of 20.0x.
    • Analysts are expecting annual earnings growth of 16.9%, 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.
  • 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$70.793.0%
+US$813.4m		104.1%PE26.1x
AROC ArchrockUS$36.614.9%
+US$301.4m		49.1%PE20x
KGS Kodiak Gas ServicesUS$69.082.1%
+US$144.0m		105.2%PE104.3x
NESR National Energy Services ReunitedUS$26.505.5%
+US$138.2m		340.9%PE41.4x
WBI WaterBridge InfrastructureUS$32.449.4%
+US$130.7m		n/aPS2.4x

Latest News

SLB
US$56.18
SLB
7D
-0.7%
1Y
56.4%
BORR
US$4.58
Borr Drilling
7D
-6.1%
1Y
105.4%
Seeking Alpha • 4h

Borr Drilling: A Strategic Investor's Trimming Is Putting Near-Term Pressure On The Stock

Summary Borr is undergoing a 30% correction off its recent highs so far as a strategic investor has been trimming their holdings. Other insiders have stepped in to add shares, suggesting the strategic investor isn't sizing down due to negative fundamental information. Borr has made a couple of important asset acquisitions and has taken off the table any near-term refinancing or liquidity risk. The company can gain from both a Hormuz open and Hormuz closed scenario. Read the full article on Seeking Alpha
SEI
US$74.01
Solaris Energy Infrastructure
7D
2.5%
1Y
161.7%
TDW
US$76.91
Tidewater
7D
3.5%
1Y
61.9%
WFRD
US$101.31
Weatherford International
7D
-1.6%
1Y
95.4%
BKR
US$63.14
Baker Hughes
7D
-2.6%
1Y
61.9%
VAL
US$89.95
Valaris
7D
-1.6%
1Y
91.9%
Narrative Update • Jun 12

VAL: Transocean Deal And Compressed Future P/E Will Restrain Equity Upside

Analysts have trimmed their Valaris price target from $47.00 to $45.00, citing updated assumptions for discount rate, revenue growth, profit margins and future P/E that re-balance upside potential against execution risk. What's in the News Transocean has announced an all stock acquisition of Valaris, with the deal targeted for early 2026.
HAL
US$39.60
Halliburton
7D
-2.2%
1Y
72.9%
PUMP
US$15.51
ProPetro Holding
7D
4.0%
1Y
140.8%
PTEN
US$11.49
Patterson-UTI Energy
7D
-3.4%
1Y
78.7%
RIG
US$6.04
Transocean
7D
-2.1%
1Y
87.0%
FTI
US$70.79
TechnipFMC
7D
3.0%
1Y
104.1%
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$69.08
Kodiak Gas Services
7D
2.1%
1Y
105.2%
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$36.61
Archrock
7D
4.9%
1Y
49.1%
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$26.50
National Energy Services Reunited
7D
5.5%
1Y
340.9%
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.
WBI
US$32.44
WaterBridge Infrastructure
7D
9.4%
1Y
n/a