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U.S. Energy Services Industry Analysis

UpdatedJun 25, 2026
DataAggregated Company Financials
Companies93
  • 7D-5.2%
  • 3M-9.7%
  • 1Y55.9%
  • YTD22.2%

Over the last 7 days, the Energy Services industry has dropped 5.2%, driven by a pullback from SLB of 7.4%. On the other hand Archrock is actually up 9.3%. In the past year, the industry has gained 56%. 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, 26 Jun 2026US$296.5bUS$170.2bUS$9.0b26x32.8x1.7x
Sun, 24 May 2026US$342.9bUS$170.2bUS$9.0b26.9x38x2x
Tue, 21 Apr 2026US$307.6bUS$167.9bUS$8.3b29.1x37.3x1.8x
Thu, 19 Mar 2026US$290.3bUS$167.1bUS$8.2b27x35.2x1.7x
Sat, 14 Feb 2026US$290.9bUS$167.3bUS$7.6b25x38.1x1.7x
Mon, 12 Jan 2026US$249.3bUS$166.4bUS$8.5b20.9x29.2x1.5x
Wed, 10 Dec 2025US$229.0bUS$166.4bUS$8.6b18.2x26.7x1.4x
Fri, 07 Nov 2025US$214.8bUS$165.6bUS$8.8b16.1x24.3x1.3x
Sun, 05 Oct 2025US$204.8bUS$166.1bUS$10.0b15.2x20.4x1.2x
Tue, 02 Sep 2025US$201.1bUS$166.1bUS$10.0b14.9x20x1.2x
Thu, 31 Jul 2025US$198.0bUS$164.7bUS$11.4b11.7x17.4x1.2x
Sat, 28 Jun 2025US$183.0bUS$171.1bUS$12.2b11x15x1.1x
Mon, 26 May 2025US$174.4bUS$171.3bUS$12.2b10.8x14.2x1x
Wed, 23 Apr 2025US$173.1bUS$170.3bUS$13.0b10.6x13.3x1x
Fri, 21 Mar 2025US$208.6bUS$170.9bUS$13.4b14x15.5x1.2x
Sun, 16 Feb 2025US$224.6bUS$170.5bUS$13.7b15.4x16.3x1.3x
Tue, 14 Jan 2025US$216.5bUS$169.9bUS$13.6b15.9x15.9x1.3x
Thu, 12 Dec 2024US$218.3bUS$168.9bUS$13.5b16.2x16.2x1.3x
Sat, 09 Nov 2024US$226.1bUS$168.8bUS$13.6b16.2x16.6x1.3x
Mon, 07 Oct 2024US$227.3bUS$165.8bUS$14.8b19x15.4x1.4x
Wed, 04 Sep 2024US$224.5bUS$166.7bUS$14.4b17.8x15.6x1.3x
Fri, 02 Aug 2024US$251.1bUS$166.5bUS$14.6b17.3x17.2x1.5x
Sun, 30 Jun 2024US$238.9bUS$164.6bUS$13.9b14x17.2x1.5x
Tue, 28 May 2024US$236.9bUS$164.6bUS$13.9b14.5x17x1.4x
Thu, 25 Apr 2024US$244.8bUS$164.0bUS$13.4b14.7x18.3x1.5x
Sat, 23 Mar 2024US$246.8bUS$160.7bUS$13.1b17.2x18.8x1.5x
Mon, 19 Feb 2024US$221.0bUS$160.1bUS$12.3b15.9x18x1.4x
Wed, 17 Jan 2024US$224.3bUS$161.6bUS$12.1b15.8x18.6x1.4x
Fri, 15 Dec 2023US$224.5bUS$160.7bUS$12.1b17.3x18.5x1.4x
Sun, 12 Nov 2023US$239.8bUS$160.5bUS$12.1b18.3x19.8x1.5x
Tue, 10 Oct 2023US$258.3bUS$156.1bUS$11.3b15.1x23x1.7x
Thu, 07 Sep 2023US$265.2bUS$155.2bUS$11.2b16.6x23.8x1.7x
Sat, 05 Aug 2023US$568.9bUS$153.8bUS$10.8b20.9x52.6x3.7x
Mon, 03 Jul 2023US$532.7bUS$147.7bUS$8.5b18.1x62.6x3.6x
Price to Earnings Ratio

62.6x


Total Market Cap: US$532.7bTotal 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 22.9x202420252026
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 32.8x which is higher than its 3-year average PE of 22.9x.
  • The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Energy Services industry have grown 2.0% 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 Market-2.47%
Energy-1.39%
Energy Services-5.19%
Oil and Gas Services-4.83%
Oil and Gas Drilling-8.14%
Industry PE
  • Investors are most optimistic about the Oil and Gas Services industry which is trading above its 3-year average PE ratio of 19.7x.
    • Analysts are expecting annual earnings growth of 17.2%, 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
AROC ArchrockUS$41.4012.0%
+US$776.4m		64.2%PE22.6x
FTI TechnipFMCUS$67.032.9%
+US$741.6m		91.8%PE24.7x
KGS Kodiak Gas ServicesUS$73.966.9%
+US$474.8m		115.5%PE111.6x
OII Oceaneering InternationalUS$39.379.2%
+US$330.2m		88.8%PE11.6x
NESR National Energy Services ReunitedUS$26.989.9%
+US$246.1m		346.0%PE42.1x

Latest News

AROC
US$41.40
Archrock
7D
12.0%
1Y
64.2%
RES
US$5.94
RPC
7D
-9.7%
1Y
25.8%
OII
US$39.37
Oceaneering International
7D
9.2%
1Y
88.8%
WFRD
US$84.84
Weatherford International
7D
-7.4%
1Y
69.3%
Narrative Update • Jun 24

WFRD: International Offshore Awards And Governance Shifts Will Shape Balanced Future Returns

Analysts have nudged the Weatherford International fair value estimate slightly higher to $90.64, reflecting updated assumptions for revenue growth, margins, and a lower discount rate in light of recent price target increases across the Street tied to expanding opportunities in the Middle East, offshore, and Latin America. Analyst Commentary Recent Street research on Weatherford International highlights a mix of optimism around growth opportunities in the Middle East, offshore and Latin America, alongside a more measured tone from some bearish analysts who are focused on execution, timing and valuation risks.
NOV
US$18.94
NOV
7D
1.5%
1Y
45.7%
Narrative Update • Jun 24

NOV: Future Returns Will Lag As Middle East Disruptions Pressure Margins

Analysts have nudged the price target on NOV higher to reflect modestly stronger long-term expectations for offshore and deepwater equipment demand, citing updated sector models and recent target increases from several firms that now range roughly from $19 to $26. Analyst Commentary Recent research on NOV highlights a split in opinion, with some firms raising targets while others stay cautious on valuation, execution, and growth pacing.
BKR
US$56.94
Baker Hughes
7D
-2.5%
1Y
48.6%
FTI
US$67.03
TechnipFMC
7D
2.9%
1Y
91.8%
Narrative Update • Jun 23

FTI: Extended Subsea Orders And Buybacks Will Drive Future Upside Potential

Analysts have raised the fair value estimate for TechnipFMC to $90 from $83, noting higher price targets across the Street and citing expectations for continued subsea order momentum and incremental margin potential highlighted in recent research. Analyst Commentary Recent Street research on TechnipFMC points to a cluster of higher fair value views, with several bullish analysts lifting price targets and highlighting the company’s subsea positioning, order activity and margin potential as key supports for the current valuation thesis.
HAL
US$34.67
Halliburton
7D
-0.7%
1Y
68.0%
SLB
US$47.42
SLB
7D
-1.4%
1Y
40.2%
SEI
US$79.43
Solaris Energy Infrastructure
7D
-4.2%
1Y
176.2%
Narrative Update • Jun 22

SEI: Data Center Contracts And New Debt Will Shape Balanced Outlook

Solaris Energy Infrastructure's analyst price targets have moved higher, with several firms lifting their views by between $5 and $23 as analysts factor in recent debt financing, expanded contracted megawatts, new data center agreements, and updated deployment timelines. Analyst Commentary Recent research on Solaris Energy Infrastructure points to a cluster of higher price targets, with analysts updating models around new debt financing, contracted megawatts, and fresh data center agreements.
WTTR
US$19.18
Select Water Solutions
7D
8.4%
1Y
117.2%
Analysis Article • Jun 20

Select Water Solutions (WTTR) Stock Could Be 20% Below Fair Value on Infrastructure Narrative

Select Water Solutions (WTTR) has drawn fresh attention after recent trading, with the stock closing at $17.70. Investors are weighing this price against the company’s latest financial profile and longer term return record. See our latest analysis for Select Water Solutions. While Select Water Solutions’ share price has slipped 1.9% over the past day and 6.4% over the past week, the 90 day share price return of 22.8% alongside a 1 year total shareholder return of 96.6% points to stronger...
AESI
US$16.64
Atlas Energy Solutions
7D
2.7%
1Y
20.1%
Analysis Article • Jun 19

Atlas Energy Solutions (AESI) Stock Could Be 17.6% Overvalued After Mixed Quarterly Results

Atlas Energy Solutions (AESI) is back in focus after its latest quarterly report, where revenue topped analyst expectations but earnings per share fell short, pressured by higher plant operating costs tied to severe winter weather. See our latest analysis for Atlas Energy Solutions. The recent earnings-driven pullback, including a 15.62% 30 day share price return and a 1 day gain of 0.75% to $16.20, follows a 66.67% year to date share price return and a 13.54% 1 year total shareholder return...
KGS
US$73.96
Kodiak Gas Services
7D
6.9%
1Y
115.5%
Analysis Article • Jun 19

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...
NESR
US$26.98
National Energy Services Reunited
7D
9.9%
1Y
346.0%
Narrative Update • Jun 19

NESR: Energy Security And Q1 Execution Will Support Future Stock Repricing

Analysts have lifted the National Energy Services Reunited price target by a few dollars to a range of about $33 to $35, citing Q1 revenue and EBITDA beats, along with what they describe as a supportive Energy Security backdrop across U.S. Land, International, and Offshore activity. Analyst Commentary Recent Street research on National Energy Services Reunited highlights a tight range of updated price targets and focuses on how the Energy Security theme, Q1 execution, and multi-region activity affect the stock’s risk and reward profile.
NE
US$39.17
Noble
7D
-6.0%
1Y
45.6%
Narrative Update • Jun 18

NE: Refinancing And Stronger Offshore Drilling Demand Will Support Bullish Upside

Analysts have maintained their $59.00 price target on Noble, citing slightly adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E that together support a steady valuation view. What’s in the News for Noble Barclays upgraded Noble Corporation plc to Overweight, citing expectations for stronger offshore drilling demand and referencing a forecast for 9% to 10% growth in upstream spending for 2027 and roughly double digit growth for 2028, along with new floater contracts and extensions that add to Noble’s contract coverage and backlog (source: Barclays upgrade report).
WBI
US$30.36
WaterBridge Infrastructure
7D
-8.5%
1Y
n/a