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U.S. Energy Services Industry Analysis

UpdatedApr 16, 2026
DataAggregated Company Financials
Companies83
  • 7D-1.3%
  • 3M20.0%
  • 1Y79.4%
  • YTD33.0%

Over the last 7 days, the Energy Services industry has dropped 1.3%, driven by a pullback from Baker Hughes of 4.9%. Over the past 12 months, the industry was up 79%. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 Apr 2026US$309.0bUS$167.9bUS$8.3b25.7x37.4x1.8x
Sat, 14 Mar 2026US$281.3bUS$167.3bUS$8.2b26.2x34.5x1.7x
Mon, 09 Feb 2026US$286.5bUS$167.2bUS$7.5b24.3x38x1.7x
Wed, 07 Jan 2026US$243.6bUS$166.4bUS$8.5b19.9x28.5x1.5x
Fri, 05 Dec 2025US$229.8bUS$166.4bUS$8.6b18x26.8x1.4x
Sun, 02 Nov 2025US$215.4bUS$165.5bUS$8.8b16.4x24.6x1.3x
Tue, 30 Sep 2025US$211.2bUS$166.2bUS$10.0b14.6x21.1x1.3x
Thu, 28 Aug 2025US$197.0bUS$166.2bUS$10.0b14.6x19.6x1.2x
Sat, 26 Jul 2025US$196.9bUS$164.7bUS$11.5b11.6x17.1x1.2x
Mon, 23 Jun 2025US$190.9bUS$171.1bUS$12.2b11.6x15.6x1.1x
Wed, 21 May 2025US$180.7bUS$171.3bUS$12.3b11.3x14.7x1.1x
Fri, 18 Apr 2025US$173.4bUS$170.6bUS$13.4b10.7x13x1x
Sun, 16 Mar 2025US$203.5bUS$170.7bUS$13.3b12.6x15.3x1.2x
Tue, 11 Feb 2025US$221.2bUS$170.5bUS$13.8b15.8x16x1.3x
Thu, 09 Jan 2025US$219.9bUS$169.8bUS$13.6b16x16.2x1.3x
Sat, 07 Dec 2024US$225.0bUS$168.9bUS$13.5b16.4x16.7x1.3x
Mon, 04 Nov 2024US$204.8bUS$168.0bUS$13.8b17.2x14.8x1.2x
Wed, 02 Oct 2024US$213.4bUS$165.8bUS$14.8b18.4x14.4x1.3x
Fri, 30 Aug 2024US$223.0bUS$166.5bUS$14.5b18.5x15.4x1.3x
Sun, 28 Jul 2024US$250.6bUS$167.6bUS$14.4b15.7x17.4x1.5x
Tue, 25 Jun 2024US$229.7bUS$164.6bUS$13.9b13.9x16.5x1.4x
Thu, 23 May 2024US$246.6bUS$164.6bUS$13.9b14.3x17.8x1.5x
Sat, 20 Apr 2024US$242.9bUS$162.0bUS$13.4b14.5x18.1x1.5x
Mon, 18 Mar 2024US$240.7bUS$160.7bUS$13.2b16.6x18.3x1.5x
Wed, 14 Feb 2024US$214.8bUS$159.3bUS$12.3b15x17.4x1.3x
Fri, 12 Jan 2024US$220.1bUS$161.6bUS$12.1b15.2x18.2x1.4x
Sun, 10 Dec 2023US$222.1bUS$160.7bUS$12.1b16.3x18.3x1.4x
Tue, 07 Nov 2023US$251.9bUS$159.3bUS$12.4b14.9x20.3x1.6x
Thu, 05 Oct 2023US$256.5bUS$155.2bUS$11.2b14.6x23x1.7x
Sat, 02 Sep 2023US$261.8bUS$155.2bUS$11.2b16.4x23.5x1.7x
Mon, 31 Jul 2023US$565.2bUS$153.0bUS$11.0b21.4x51.6x3.7x
Wed, 28 Jun 2023US$525.2bUS$147.7bUS$8.5b17.8x61.8x3.6x
Fri, 26 May 2023US$518.4bUS$148.1bUS$8.5b17.7x61x3.5x
Sun, 23 Apr 2023US$210.4bUS$139.6bUS$6.1b24.6x34.5x1.5x
Price to Earnings Ratio

34.5x


Total Market Cap: US$210.4bTotal Earnings: US$6.1bTotal Revenue: US$139.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Services Industry Price to Earnings3Y Average 23.5x202420252026
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 37.4x which is higher than its 3-year average PE of 23.5x.
  • The 3-year average PS ratio of 1.6x 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 11% per year over the last three years.
  • Revenues for these companies have grown 6.3% 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 Market3.42%
Energy-3.79%
Energy Services-1.34%
Oil and Gas Services-0.71%
Oil and Gas Drilling-6.21%
Industry PE
  • Investors are most optimistic about the Oil and Gas Services industry which is trading above its 3-year average PE ratio of 20.7x.
    • Analysts are expecting annual earnings growth of 14.9%, which is higher than its past year's earnings decline of 30.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 50% over the next 5 years.
  • This is better than its past earnings decline of 0.08% per year.
  • In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 15% 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$52.421.0%
+US$810.6m		53.5%PE23.3x
SEI Solaris Energy InfrastructureUS$66.058.2%
+US$291.3m		262.9%PE132.8x
AESI Atlas Energy SolutionsUS$13.1716.3%
+US$231.1m		-3.6%PS1.5x
KGS Kodiak Gas ServicesUS$61.612.3%
+US$121.8m		82.1%PE69.3x
AROC ArchrockUS$36.311.7%
+US$106.9m		54.0%PE20x

Latest News

AESI
US$13.17
Atlas Energy Solutions
7D
16.3%
1Y
-3.6%
VAL
US$91.67
Valaris
7D
-8.3%
1Y
204.6%

VAL: Pending Transocean Deal And Contract Wins Will Shape Future Returns

Analysts have adjusted their price target on Valaris to $98, a $2 change that reflects updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News Transocean Ltd.
NE
US$47.42
Noble
7D
-5.8%
1Y
144.1%
KGS
US$61.61
Kodiak Gas Services
7D
2.3%
1Y
82.1%
PUMP
US$14.49
ProPetro Holding
7D
4.7%
1Y
179.2%

PUMP: Completions Recovery Expectations Will Test Fragile Post Offering Earnings Assumptions

The analyst price target for ProPetro Holding has moved by $2, with analysts pointing to updated models after the Q4 report and a mixed but constructive set of new coverage views on completions recovery and sector positioning. Analyst Commentary Recent research coverage has focused on how ProPetro Holding is positioned in the completions market and how its valuation lines up with execution and growth risks.
BKR
US$60.07
Baker Hughes
7D
-4.9%
1Y
57.5%
FTI
US$72.04
TechnipFMC
7D
0.3%
1Y
188.3%

FTI: Elevated Subsea Expectations Will Challenge Rich Pricing And Slower Buybacks

Analysts have raised the fair value estimate for TechnipFMC by $3 to $65.62. Updated models now reflect slightly higher revenue growth, modestly stronger profit margins, and a small adjustment to the discount rate and future P/E assumptions following a series of upward price target revisions across the Street.
BORR
US$5.50
Borr Drilling
7D
-8.8%
1Y
194.1%
RIG
US$6.15
Transocean
7D
-8.2%
1Y
184.7%

Transocean: Rising Day Rates And Cash Flows Mean I'm Getting On Board

Apr 10
RES
US$6.99
RPC
7D
4.6%
1Y
43.8%

RES: Model Driven Assumptions Around Future P/E Will Constrain Shareholder Upside

Analysts lifted their price target on RPC by $1 to reflect updated views around a slightly adjusted discount rate, revenue growth, profit margin, and future P/E assumptions. This narrative update outlines what that means for you as a shareholder.
SEI
US$66.05
Solaris Energy Infrastructure
7D
8.2%
1Y
262.9%
AROC
US$36.31
Archrock
7D
1.7%
1Y
54.0%
TDW
US$83.61
Tidewater
7D
-4.8%
1Y
159.1%

TDW: Neutral Stance Into 2026 Will Test Rich Expectations

Analysts have raised their Tidewater price target by $29 to $94. They link this change to what they describe as a solid finish to 2025, which they say supports expectations heading into 2026.
HAL
US$37.54
Halliburton
7D
-0.7%
1Y
75.2%

HAL: Venezuela Reentry And Automated Drilling Advances Will Drive Bullish Repricing

Halliburton's updated analyst price target of $46.03, up from $43.78, reflects analysts' use of slightly lower discount rates, moderately higher revenue growth and profit margin assumptions, and a recalibrated future P/E, alongside a recent wave of upward target revisions across the Street. Analyst Commentary Recent research has featured a cluster of upward price target revisions on Halliburton, with bullish analysts adjusting their models around updated sector views, valuation assumptions, and expectations for execution.
WFRD
US$99.79
Weatherford International
7D
-2.4%
1Y
125.3%

WFRD: Structural Offshore And Venezuela Activity Will Support Future Earnings Repricing

Analysts have lifted their price targets on Weatherford International by increments such as $11, $17, $10 and other recent upward revisions, citing structural customer activity, capacity needs and sector EBITDA expectations as key supports for the updated view. Analyst Commentary Recent research commentary around Weatherford International has leaned constructive, with several price target revisions reflecting confidence in the company’s ability to execute against structural customer activity and capacity needs.
SLB
US$52.42
SLB
7D
1.0%
1Y
53.5%

SLB: Venezuela Upside And Production Repositioning Will Shape Future Risk Profile

Analysts have modestly lifted the SLB fair value estimate to $55.43 from $55.05, reflecting incremental tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions, alongside a series of higher Street price targets across the sector. Analyst Commentary Recent research shows a cluster of higher price targets for SLB, tempered by a small group of more cautious voices.