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U.S. Energy Services Industry Analysis

UpdatedJun 23, 2026
DataAggregated Company Financials
Companies93
  • 7D-6.2%
  • 3M-4.6%
  • 1Y60.3%
  • YTD27.3%

Over the last 7 days, the Energy Services industry has dropped 6.2%, driven by SLB declining 11%. Over the past 12 months, the industry was up 60%. Looking forward, earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Jun 2026US$298.5bUS$170.2bUS$9.0b27.4x33x1.8x
Fri, 22 May 2026US$347.8bUS$170.2bUS$9.0b27.2x38.5x2x
Sun, 19 Apr 2026US$307.7bUS$167.9bUS$8.3b28.8x37.3x1.8x
Tue, 17 Mar 2026US$279.4bUS$167.3bUS$8.2b26.2x34.2x1.7x
Thu, 12 Feb 2026US$286.9bUS$167.2bUS$7.5b25x38x1.7x
Sat, 10 Jan 2026US$249.0bUS$166.4bUS$8.5b20.9x29.1x1.5x
Mon, 08 Dec 2025US$230.7bUS$166.4bUS$8.6b18.3x26.9x1.4x
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
Price to Earnings Ratio

62.6x


Total Market Cap: US$532.9bTotal 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 23x202420252026
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 33.0x which is higher than its 3-year average PE of 23.0x.
  • 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 Market-1.82%
Energy-1.68%
Energy Services-6.16%
Oil and Gas Services-6.15%
Oil and Gas Drilling-6.24%
Industry PE
  • Investors are most optimistic about the Oil and Gas Services industry which is trading above its 3-year average PE ratio of 19.8x.
    • Analysts are expecting annual earnings growth of 17.3%, 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
AROC ArchrockUS$39.069.3%
+US$580.1m		57.9%PE21.3x
KGS Kodiak Gas ServicesUS$71.695.6%
+US$379.5m		106.6%PE108.2x
SEI Solaris Energy InfrastructureUS$77.952.4%
+US$105.1m		175.1%PE102.2x
WTTR Select Water SolutionsUS$18.551.9%
+US$43.5m		108.7%PE106.8x
ESOA Energy Services of AmericaUS$18.4512.8%
+US$39.1m		94.4%PE37.2x

Latest News

SMHI
US$7.86
SEACOR Marine Holdings
7D
10.5%
1Y
51.7%
FTI
US$66.14
TechnipFMC
7D
-1.3%
1Y
94.2%
HAL
US$35.11
Halliburton
7D
-5.6%
1Y
69.0%
ESOA
US$18.45
Energy Services of America
7D
12.8%
1Y
94.4%
BKR
US$58.68
Baker Hughes
7D
-4.6%
1Y
54.5%
Narrative Update • Jun 22

BKR: Offshore Backlog And Energy Technology Orders Will Drive Upside Outlook

The Baker Hughes analyst price target edges slightly lower to $71.24 from $71.52, as analysts refresh oilfield services models and modestly adjust fair value and P/E assumptions following recent target revisions across the sector. Analyst Commentary Recent research on Baker Hughes centers on refreshed oilfield services models, updated long term forecasts and a broad round of target resets that frame how analysts see the stock's risk reward profile.
SLB
US$47.79
SLB
7D
-9.9%
1Y
42.7%
SEI
US$77.95
Solaris Energy Infrastructure
7D
2.4%
1Y
175.1%
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.
AROC
US$39.06
Archrock
7D
9.3%
1Y
57.9%
Analysis Article • Jun 21

Archrock (AROC) Stock Could Be 12.7% Undervalued As Compression Demand Draws Focus

Archrock (AROC) is back on your radar after a 4.2% share price move to $36.97, amid rising attention around demand for its natural gas compression services and questions about current valuation. See our latest analysis for Archrock. Looking beyond today’s move, Archrock’s share price return is up 38.83% year to date, while its 1 year total shareholder return of 52.80% and very large 5 year total shareholder return suggest momentum has been strong as investors reassess growth potential and...
WTTR
US$18.55
Select Water Solutions
7D
1.9%
1Y
108.7%
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...
NOV
US$18.75
NOV
7D
-6.1%
1Y
43.3%
Seeking Alpha • Jun 20

NOV: Dim Earnings Expected To Change With Robust Backlog Execution In 2026 (Hold)

Summary NOV Inc. remains a hold, with shares up 20% since October 2024 and currently fairly valued. In the Q1 2026 financial report, revenue declined 2.43% YoY, while operating profit fell 69.08% YoY. Middle East logistics disruptions impacted Q1 results, but reopening of the Strait of Hormuz and robust offshore bookings support FY 2026 revenue growth. NOV's forward EV/Sales of 0.90 and 8.95% YoY upside suggest limited near-term appreciation; dividend yield stands at 2.41%. Read the full article on Seeking Alpha
NGS
US$44.13
Natural Gas Services Group
7D
6.8%
1Y
66.5%
WFRD
US$89.39
Weatherford International
7D
-8.6%
1Y
84.8%
KGS
US$71.69
Kodiak Gas Services
7D
5.6%
1Y
106.6%
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...
WHD
US$52.84
Cactus
7D
-8.2%
1Y
19.6%
Analysis Article • Jun 19

Cactus (WHD) Stock Could Be 13.9% Undervalued as Baker Hughes Deal Shapes Fair Value

Recent performance snapshot for Cactus stock Cactus (WHD) has drawn attention after recent price weakness, with the stock down 3.6% over the past day, 6.6% over the past week, and 10% over the past month, yet still up over the past 3 months. See our latest analysis for Cactus. Looking beyond the recent pullback, Cactus has delivered a 16.3% year to date share price return and a 21.6% total shareholder return over the past year. This indicates momentum that has cooled in the short term as...
RIG
US$5.29
Transocean
7D
-5.4%
1Y
95.9%
EROK
US$21.11
EagleRock Land
7D
4.5%
1Y
n/a