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U.S. Energy Services Industry Analysis

UpdatedJun 19, 2026
DataAggregated Company Financials
Companies93
  • 7D-9.5%
  • 3M-0.3%
  • 1Y50.8%
  • YTD26.1%

Over the last 7 days, the Energy Services industry has dropped 9.5%, driven by a pullback from SLB of 14%. On the other hand Solaris Energy Infrastructure is actually up 9.0%. In the past year, the industry has gained 51%. 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
Fri, 19 Jun 2026US$306.2bUS$170.2bUS$9.0b26.4x33.9x1.8x
Sun, 17 May 2026US$333.9bUS$169.1bUS$8.9b26.6x37.4x2x
Tue, 14 Apr 2026US$313.3bUS$167.9bUS$8.3b26.5x38x1.9x
Thu, 12 Mar 2026US$292.4bUS$167.3bUS$8.2b26.7x35.7x1.7x
Sat, 07 Feb 2026US$276.1bUS$167.2bUS$7.5b24.3x36.6x1.7x
Mon, 05 Jan 2026US$231.7bUS$166.4bUS$8.6b18.7x27.1x1.4x
Wed, 03 Dec 2025US$221.7bUS$166.4bUS$8.6b17.3x25.9x1.3x
Fri, 31 Oct 2025US$217.7bUS$165.4bUS$8.7b16.8x24.9x1.3x
Sun, 28 Sep 2025US$211.2bUS$166.2bUS$10.0b15.2x21.1x1.3x
Tue, 26 Aug 2025US$196.9bUS$166.2bUS$10.0b14.5x19.6x1.2x
Thu, 24 Jul 2025US$180.4bUS$165.3bUS$11.6b11.6x15.5x1.1x
Sat, 21 Jun 2025US$191.7bUS$171.1bUS$12.2b11.6x15.7x1.1x
Mon, 19 May 2025US$180.3bUS$171.3bUS$12.3b11.2x14.7x1.1x
Wed, 16 Apr 2025US$171.5bUS$170.7bUS$13.4b10.3x12.8x1x
Fri, 14 Mar 2025US$199.5bUS$170.5bUS$13.4b12x14.9x1.2x
Sun, 09 Feb 2025US$221.1bUS$170.5bUS$13.8b15.4x16x1.3x
Tue, 07 Jan 2025US$217.1bUS$169.8bUS$13.6b15.9x16x1.3x
Thu, 05 Dec 2024US$231.4bUS$168.9bUS$13.5b16.3x17.1x1.4x
Sat, 02 Nov 2024US$207.0bUS$168.1bUS$13.8b17.2x15x1.2x
Mon, 30 Sep 2024US$213.3bUS$165.8bUS$14.8b18x14.4x1.3x
Wed, 28 Aug 2024US$229.3bUS$166.7bUS$14.4b18.9x15.9x1.4x
Fri, 26 Jul 2024US$241.0bUS$165.8bUS$14.0b15.5x17.2x1.5x
Sun, 23 Jun 2024US$229.7bUS$164.6bUS$13.9b13.7x16.5x1.4x
Tue, 21 May 2024US$246.6bUS$164.5bUS$13.9b14.5x17.7x1.5x
Thu, 18 Apr 2024US$242.1bUS$162.2bUS$13.5b14.8x18x1.5x
Sat, 16 Mar 2024US$239.9bUS$160.7bUS$13.2b16.6x18.2x1.5x
Mon, 12 Feb 2024US$215.2bUS$159.2bUS$12.3b15.7x17.5x1.4x
Wed, 10 Jan 2024US$222.4bUS$161.6bUS$12.1b15.3x18.4x1.4x
Fri, 08 Dec 2023US$221.7bUS$160.7bUS$12.1b16.3x18.3x1.4x
Sun, 05 Nov 2023US$251.9bUS$159.3bUS$12.4b15.2x20.3x1.6x
Tue, 03 Oct 2023US$260.8bUS$155.2bUS$11.2b15.9x23.4x1.7x
Thu, 31 Aug 2023US$255.5bUS$155.2bUS$11.2b16.4x22.9x1.6x
Sat, 29 Jul 2023US$562.7bUS$153.0bUS$11.0b21.4x51.3x3.7x
Mon, 26 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 33.9x 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 1.8x.
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 Market1.65%
Energy-5.32%
Energy Services-9.49%
Oil and Gas Services-9.25%
Oil and Gas Drilling-11.52%
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 17.1%, 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$82.889.0%
+US$399.5m		185.9%PE108.7x
KGS Kodiak Gas ServicesUS$69.183.1%
+US$204.6m		100.8%PE104.4x
AROC ArchrockUS$36.972.5%
+US$157.7m		48.1%PE20.2x
WBI WaterBridge InfrastructureUS$33.198.8%
+US$126.5m		n/aPS2.5x
NINE Nine Energy ServiceUS$11.2512.5%
+US$17.4m		n/aPE2.5x

Latest News

ESOA
US$16.95
Energy Services of America
7D
1.5%
1Y
72.3%
FTI
US$65.17
TechnipFMC
7D
-7.7%
1Y
84.5%
KGS
US$69.18
Kodiak Gas Services
7D
3.1%
1Y
100.8%
Analysis Article • 12h

Kodiak Gas Services (KGS) Stock Could Be 15.9% Undervalued After Revenue And Guidance Lift

Kodiak Gas Services (KGS) recently reported record contract services revenue along with higher full-year adjusted EBITDA guidance, an operational update that puts fresh attention on its natural gas compression business and power generation expansion. See our latest analysis for Kodiak Gas Services. Kodiak Gas Services’ latest update comes after a strong share price run, with an 83.79% year to date share price return and a 109.92% 1 year total shareholder return. However, the 1 month share...
SLB
US$48.09
SLB
7D
-14.1%
1Y
34.1%
Seeking Alpha • Jun 18

SLB: Buy The Pullback On This Energy Technology Compounder

Summary SLB N.V. is evolving from legacy oilfield services into digital, AI-enabled workflows and data center infrastructure, driving future growth. Q1 2026 faced Middle East disruptions, with organic revenue down 3% YoY, but ChampionX acquisition and digital/data center segments offset declines. SLB’s forward P/E of 18.6 is below its normal valuation, offering an attractive entry point amid normalization in the Middle East and robust digital/data center momentum. I maintain a ‘Strong Buy’ rating on SLB, citing resilient fundamentals, underappreciated growth levers, a well-covered 2.4% yield, and ongoing share buybacks. Read the full article on Seeking Alpha
BKR
US$58.41
Baker Hughes
7D
-8.0%
1Y
49.8%
NOV
US$18.66
NOV
7D
-11.6%
1Y
35.5%
VAL
US$78.56
Valaris
7D
-12.5%
1Y
71.8%
RIG
US$5.31
Transocean
7D
-11.9%
1Y
71.8%
WBI
US$33.19
WaterBridge Infrastructure
7D
8.8%
1Y
n/a
HAL
US$34.93
Halliburton
7D
-12.1%
1Y
56.8%
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.
SEI
US$82.88
Solaris Energy Infrastructure
7D
9.0%
1Y
185.9%
NE
US$41.68
Noble
7D
-9.6%
1Y
44.2%
MIND
US$5.27
MIND Technology
7D
0.2%
1Y
-11.9%
NINE
US$11.25
Nine Energy Service
7D
12.5%
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?
AROC
US$36.97
Archrock
7D
2.5%
1Y
48.1%
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.
VNTG
US$0.85
Vantage
7D
14.0%
1Y
-78.7%