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U.S. Energy Services Industry Analysis

UpdatedJun 13, 2026
DataAggregated Company Financials
Companies93
  • 7D2.9%
  • 3M16.0%
  • 1Y66.0%
  • YTD39.6%

Over the last 7 days, the Energy Services industry has dropped 2.7%, driven by a pullback from Borr Drilling of 4.8%. This takes the industry's 12 month performance to a gain of 68%. 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
Sat, 13 Jun 2026US$329.3bUS$170.2bUS$9.0b28.2x36.4x1.9x
Mon, 11 May 2026US$321.4bUS$168.3bUS$8.8b34.9x36.5x1.9x
Wed, 08 Apr 2026US$305.1bUS$167.9bUS$8.3b26.8x37x1.8x
Fri, 06 Mar 2026US$293.7bUS$167.4bUS$8.2b26.7x35.9x1.8x
Sun, 01 Feb 2026US$272.3bUS$166.9bUS$7.9b22.4x34.5x1.6x
Tue, 30 Dec 2025US$220.8bUS$166.4bUS$8.6b18.1x25.8x1.3x
Thu, 27 Nov 2025US$217.9bUS$166.4bUS$8.6b16.9x25.4x1.3x
Sat, 25 Oct 2025US$216.9bUS$165.2bUS$9.9b16.3x21.9x1.3x
Mon, 22 Sep 2025US$199.6bUS$166.2bUS$10.0b14.7x19.9x1.2x
Wed, 20 Aug 2025US$187.3bUS$166.2bUS$10.0b13.6x18.7x1.1x
Fri, 18 Jul 2025US$178.5bUS$166.6bUS$11.8b11.3x15.1x1.1x
Sun, 15 Jun 2025US$193.3bUS$171.1bUS$12.2b10.7x15.8x1.1x
Tue, 13 May 2025US$177.2bUS$171.3bUS$12.4b11x14.3x1x
Thu, 10 Apr 2025US$159.6bUS$170.7bUS$13.4b10.9x11.9x0.9x
Sat, 08 Mar 2025US$198.5bUS$171.3bUS$13.6b12.7x14.6x1.2x
Mon, 03 Feb 2025US$221.2bUS$170.6bUS$14.4b14.8x15.4x1.3x
Wed, 01 Jan 2025US$207.8bUS$168.9bUS$13.5b16.1x15.4x1.2x
Fri, 29 Nov 2024US$230.6bUS$168.9bUS$13.5b16x17.1x1.4x
Sun, 27 Oct 2024US$210.5bUS$167.6bUS$14.3b17.7x14.7x1.3x
Tue, 24 Sep 2024US$218.5bUS$165.8bUS$14.8b18.1x14.8x1.3x
Thu, 22 Aug 2024US$221.1bUS$166.7bUS$14.4b17.9x15.4x1.3x
Sat, 20 Jul 2024US$249.9bUS$164.5bUS$13.9b15.7x18x1.5x
Mon, 17 Jun 2024US$221.3bUS$164.6bUS$13.9b13.4x15.9x1.3x
Wed, 15 May 2024US$242.6bUS$164.4bUS$13.9b14.4x17.5x1.5x
Fri, 12 Apr 2024US$260.1bUS$162.2bUS$13.5b16x19.3x1.6x
Sun, 10 Mar 2024US$229.5bUS$161.0bUS$13.3b14.9x17.3x1.4x
Tue, 06 Feb 2024US$214.1bUS$159.1bUS$12.2b16.5x17.6x1.3x
Thu, 04 Jan 2024US$236.5bUS$161.6bUS$12.1b16x19.6x1.5x
Sat, 02 Dec 2023US$234.6bUS$160.7bUS$12.1b17.6x19.4x1.5x
Mon, 30 Oct 2023US$248.7bUS$159.5bUS$12.4b14.9x20x1.6x
Wed, 27 Sep 2023US$262.6bUS$155.2bUS$11.2b16.7x23.5x1.7x
Fri, 25 Aug 2023US$247.7bUS$155.2bUS$11.2b14.9x22.2x1.6x
Sun, 23 Jul 2023US$561.2bUS$151.3bUS$10.4b21.8x54.1x3.7x
Tue, 20 Jun 2023US$523.7bUS$147.6bUS$8.5b18.1x61.8x3.5x
Price to Earnings Ratio

61.8x


Total Market Cap: US$523.7bTotal 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 36.2x which is higher than its 3-year average PE of 23.2x.
  • The 3-year average PS ratio of 1.6x 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 Market0.81%
Energy-0.081%
Energy Services2.86%
Oil and Gas Services2.99%
Oil and Gas Drilling1.76%
Industry PE
  • Investors are most optimistic about the Oil and Gas Services industry which is trading above its 3-year average PE ratio of 20.1x.
    • 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 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
SLB SLBUS$56.182.4%
+US$2.0b		54.8%PE25.2x
FTI TechnipFMCUS$70.795.9%
+US$1.6b		105.1%PE26.1x
BKR Baker HughesUS$63.140.9%
+US$545.6m		61.7%PE20.1x
AROC ArchrockUS$36.617.0%
+US$422.4m		47.5%PE20x
KGS Kodiak Gas ServicesUS$69.086.1%
+US$394.4m		101.5%PE104.3x

Latest News

BKR
US$63.14
Baker Hughes
7D
0.9%
1Y
61.7%
SLB
US$56.18
SLB
7D
2.4%
1Y
54.8%
HAL
US$39.60
Halliburton
7D
1.1%
1Y
70.8%
MIND
US$5.31
MIND Technology
7D
-14.4%
1Y
-14.1%
BORR
US$4.58
Borr Drilling
7D
-4.8%
1Y
102.7%
Narrative Update • Jun 11

BORR: Fleet Expansion And Refinancing Efforts Will Drive Future Upside

Analysts have trimmed their price target on Borr Drilling slightly from about $5.84 to $5.75 as updated assumptions for discount rate, revenue growth, profit margin, and future P/E bring their valuation closer to the current risk and earnings profile they see for the stock. What's in the News Borr Drilling reported a Q1 2026 net loss of US$29 million after missing revenue and earnings expectations, with results affected by the delayed startup of the Odin rig and a US$8.4 million credit loss provision.
PTEN
US$11.49
Patterson-UTI Energy
7D
-0.2%
1Y
76.0%
SDRL
US$44.25
Seadrill
7D
-0.3%
1Y
51.7%
NOV
US$21.13
NOV
7D
4.9%
1Y
54.7%
Narrative Update • Jun 09

NOV: Future Returns Will Lag As Middle East Cost Pressures Persist

Analysts have maintained the overall $17.00 fair value anchor for NOV, while a mix of higher Street price targets up to $26 and more cautious views citing Middle East related cost pressures frames this update to reflect slightly adjusted growth, margin, discount rate, and future P/E assumptions. Analyst Commentary Street research on NOV currently spans a wide range of views, from more constructive stances with price targets up to US$26 to cautious opinions centered closer to US$19.
WFRD
US$101.31
Weatherford International
7D
4.3%
1Y
91.1%
Narrative Update • Jun 08

WFRD: Offshore Contracts And NCS Deal Will Support Future Earnings Repricing

Analysts have lifted the Weatherford International price target, with the model-implied fair value moving from about $148.56 to $150.69. This reflects slightly higher revenue growth, profit margin and future P/E assumptions that offset a modestly lower discount rate, supported by Street research that cites Weatherford as a beneficiary of activity in Mexico and the Middle East and updated sector models.
FTI
US$70.79
TechnipFMC
7D
5.9%
1Y
105.1%
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
6.1%
1Y
101.5%
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.
SND
US$5.32
Smart Sand
7D
-2.4%
1Y
150.9%
AROC
US$36.61
Archrock
7D
7.0%
1Y
47.5%
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.
DTI
US$2.63
Drilling Tools International
7D
-3.3%
1Y
-19.1%
Narrative Update • Jun 01

DTI: Extended Buybacks And 2026 Guidance Will Support Future Upside

Analysts have maintained their $6.00 price target for Drilling Tools International, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E as the key factors supporting their unchanged view. What's in the News Drilling Tools International extended its share repurchase plan on May 8, 2026, with the program now set to run through December 31, 2026.
HMH
US$20.87
HMH Holding
7D
-1.6%
1Y
n/a
GEOS
US$7.26
Geospace Technologies
7D
-5.7%
1Y
5.5%