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U.S. Energy Services Industry Analysis

UpdatedNov 05, 2025
DataAggregated Company Financials
Companies81
  • 7D-0.05%
  • 3M14.3%
  • 1Y1.4%
  • YTD-0.7%

In the last week, the Energy Services industry is flat overall, with Baker Hughes standing out by going down 3.9%. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

Has the U.S. Energy Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 05 Nov 2025US$219.2bUS$165.6bUS$8.7b16.1x25.2x1.3x
Fri, 03 Oct 2025US$207.4bUS$166.1bUS$10.0b14.8x20.7x1.2x
Sun, 31 Aug 2025US$201.1bUS$166.2bUS$10.0b14.7x20x1.2x
Tue, 29 Jul 2025US$196.0bUS$164.7bUS$11.5b11.9x17.1x1.2x
Thu, 26 Jun 2025US$181.9bUS$171.1bUS$12.2b10.8x14.9x1.1x
Sat, 24 May 2025US$174.2bUS$171.3bUS$12.2b10.8x14.2x1x
Mon, 21 Apr 2025US$176.7bUS$170.6bUS$13.4b10.7x13.2x1x
Wed, 19 Mar 2025US$206.3bUS$170.8bUS$13.3b13.8x15.5x1.2x
Fri, 14 Feb 2025US$223.9bUS$170.6bUS$13.8b15.3x16.3x1.3x
Sun, 12 Jan 2025US$216.5bUS$169.9bUS$13.6b15.7x15.9x1.3x
Tue, 10 Dec 2024US$217.0bUS$168.9bUS$13.5b16.1x16.1x1.3x
Thu, 07 Nov 2024US$210.6bUS$168.8bUS$13.6b18.9x15.4x1.2x
Sat, 05 Oct 2024US$224.4bUS$165.8bUS$14.8b19x15.2x1.4x
Mon, 02 Sep 2024US$224.6bUS$166.7bUS$14.4b18.5x15.6x1.3x
Wed, 31 Jul 2024US$247.7bUS$167.7bUS$14.4b16x17.2x1.5x
Fri, 28 Jun 2024US$234.4bUS$164.6bUS$13.9b14x16.9x1.4x
Sun, 26 May 2024US$236.9bUS$164.6bUS$13.9b14.5x17.1x1.4x
Tue, 23 Apr 2024US$243.4bUS$163.0bUS$13.5b14.9x18x1.5x
Thu, 21 Mar 2024US$246.8bUS$160.7bUS$13.1b17.2x18.8x1.5x
Sat, 17 Feb 2024US$221.1bUS$160.1bUS$12.3b15.9x18x1.4x
Mon, 15 Jan 2024US$224.3bUS$161.6bUS$12.1b15.5x18.6x1.4x
Wed, 13 Dec 2023US$221.2bUS$160.7bUS$12.1b16.3x18.3x1.4x
Fri, 10 Nov 2023US$236.8bUS$160.6bUS$12.2b14.9x19.4x1.5x
Sun, 08 Oct 2023US$249.7bUS$156.7bUS$11.4b13.9x21.9x1.6x
Tue, 05 Sep 2023US$261.9bUS$155.2bUS$11.2b16.4x23.5x1.7x
Thu, 03 Aug 2023US$567.2bUS$153.3bUS$10.8b20.9x52.6x3.7x
Sat, 01 Jul 2023US$532.9bUS$147.7bUS$8.5b18.2x62.6x3.6x
Mon, 29 May 2023US$512.0bUS$148.1bUS$8.5b17.5x60.2x3.5x
Wed, 26 Apr 2023US$207.7bUS$138.8bUS$6.8b24x30.6x1.5x
Fri, 24 Mar 2023US$193.2bUS$139.1bUS$5.6b20.4x34.8x1.4x
Sun, 19 Feb 2023US$228.5bUS$136.2bUS$4.7b21.5x49.1x1.7x
Tue, 17 Jan 2023US$243.6bUS$129.7bUS$3.0b25.5x82.4x1.9x
Thu, 15 Dec 2022US$213.5bUS$129.7bUS$3.0b22.3x72.2x1.6x
Sat, 12 Nov 2022US$231.4bUS$129.5bUS$2.9b25.3x79.3x1.8x
Price to Earnings Ratio

79.3x


Total Market Cap: US$231.4bTotal Earnings: US$2.9bTotal Revenue: US$129.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Services Industry Price to Earnings3Y Average 28x202320242025
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 25.2x which is lower than its 3-year average PE of 28.0x.
  • The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Energy Services industry have grown 44% per year over the last three years.
  • Revenues for these companies have grown 8.5% 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-2.15%
Energy-0.75%
Energy Services-0.045%
Oil and Gas Services0.065%
Oil and Gas Drilling-1.02%
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 23.6x.
    • Analysts are expecting annual earnings growth of 11.9%, which is lower than the prior year's growth of 14.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 44% over the next 5 years.
  • This is better than its past earnings decline of 59% per year.
  • In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 12% 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$36.120.7%
+US$388.4m		-10.9%PE14.8x
PUMP ProPetro HoldingUS$10.1739.3%
+US$298.5m		40.3%PS0.8x
FTI TechnipFMCUS$41.861.8%
+US$291.3m		57.1%PE17.4x
WHD CactusUS$43.159.5%
+US$267.9m		-30.6%PE17.2x
RIG TransoceanUS$3.904.0%
+US$237.2m		-12.4%PS1.1x

Latest News

INVX
US$19.61
Innovex International
7D
-5.2%
1Y
35.7%
AROC
US$25.38
Archrock
7D
-1.1%
1Y
23.6%
SEI
US$53.71
Solaris Energy Infrastructure
7D
8.4%
1Y
283.1%
PUMP
US$10.17
ProPetro Holding
7D
39.3%
1Y
40.3%

PUMP: Future Activity Slowdown Will Pressure Sector Pricing And Margins

ProPetro Holding’s analyst price target has surged from $6.89 to $8.88, as analysts point to stronger revenue growth and improved profit margin expectations following recent research upgrades and positive sector momentum. Analyst Commentary Recent analyst research on ProPetro Holding reveals a range of perspectives on the company's outlook, reflecting shifts in both valuations and expectations for growth and market execution.
HAL
US$26.81
Halliburton
7D
0.7%
1Y
-6.0%
SLB
US$36.12
SLB
7D
0.7%
1Y
-10.9%
FTI
US$41.86
TechnipFMC
7D
1.8%
1Y
57.1%

FTI: Share Buybacks And Improving Margins Will Define Balanced Future Outlook

TechnipFMC's analyst price target increased from $42.85 to $44.95, as analysts cite stronger-than-expected quarterly performance, robust margin guidance, and growing shareholder returns as key drivers of their optimism. Analyst Commentary Recent analyst updates reflect increased optimism surrounding TechnipFMC’s operational execution and outlook.
VAL
US$54.73
Valaris
7D
-3.1%
1Y
11.0%

VAL: Share Buybacks And New Drilling Contracts Will Shape Future Performance

Analysts have raised their price target for Valaris from $52.10 to $53.70. This change reflects a more favorable outlook supported by improved revenue growth projections and a slightly lower discount rate.
TTI
US$7.00
TETRA Technologies
7D
-10.0%
1Y
100.0%

After Leaping 27% TETRA Technologies, Inc. (NYSE:TTI) Shares Are Not Flying Under The Radar

Nov 02
After Leaping 27% TETRA Technologies, Inc. (NYSE:TTI) Shares Are Not Flying Under The Radar
WHD
US$43.15
Cactus
7D
9.5%
1Y
-30.6%
BKR
US$45.97
Baker Hughes
7D
-3.9%
1Y
19.2%

BKR: Broader Energy Transition And Asset Portfolio Moves Will Shape Medium-Term Outlook

Analysts have raised their average price target for Baker Hughes, increasing it by approximately $0.68 to $52.43. Improving energy sector fundamentals and continued operational momentum support a more positive outlook for the shares.
RIG
US$3.90
Transocean
7D
4.0%
1Y
-12.4%
NOV
US$14.75
NOV
7D
-1.3%
1Y
-4.2%

Deepwater And Saudi Activity Will Drive Recovery Amid Sector Crosscurrents

The analyst price target for NOV has increased to $15.75 from $15.38. This change reflects improved revenue growth expectations and a stronger profit margin outlook, as analysts cite sector momentum and evolving industry dynamics.
NE
US$28.98
Noble
7D
-3.2%
1Y
-8.9%

Share Buybacks And Index Additions Will Support Ultra-Deepwater Rebound In Key Regions

Noble's Analyst Price Target Sees Significant Increase on Improved Outlook Analysts have raised their price target for Noble from $33.60 to $33.60, citing higher expected revenue growth and stronger profit margin forecasts. This update is supported by recent improvements in financial projections.
PTEN
US$6.01
Patterson-UTI Energy
7D
-4.0%
1Y
-21.8%

Energy Services Shifts Will Shape Digital Drilling Outlook in Coming Quarters

The consensus analyst price target for Patterson-UTI Energy has shifted slightly lower. This reflects a range of updated outlooks as analysts weigh recent earnings, sector performance, and evolving market dynamics.
WFRD
US$73.49
Weatherford International
7D
4.3%
1Y
-10.1%