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U.S. Energy Services Industry Analysis

UpdatedOct 31, 2025
DataAggregated Company Financials
Companies81
  • 7D2.1%
  • 3M17.6%
  • 1Y5.3%
  • YTD1.5%

Over the last 7 days, the Energy Services industry has risen 2.1%, driven by gains from Baker Hughes of 2.7%. This means that the industry has gained 5.3% over the past year. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Wed, 24 May 2023US$516.9bUS$148.1bUS$8.5b17.4x60.8x3.5x
Fri, 21 Apr 2023US$215.3bUS$139.6bUS$6.1b25x35.3x1.5x
Sun, 19 Mar 2023US$192.7bUS$138.6bUS$5.4b20x35.4x1.4x
Tue, 14 Feb 2023US$243.4bUS$135.7bUS$4.5b23.1x54.2x1.8x
Thu, 12 Jan 2023US$242.9bUS$137.9bUS$2.5b24.8x95.6x1.8x
Sat, 10 Dec 2022US$198.5bUS$129.7bUS$3.0b20.8x67.1x1.5x
Mon, 07 Nov 2022US$223.5bUS$128.7bUS$2.8b25x79.8x1.7x
Price to Earnings Ratio

79.8x


Total Market Cap: US$223.5bTotal Earnings: US$2.8bTotal Revenue: US$128.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Services Industry Price to Earnings3Y Average 28.4x202320242025
Current Industry PE
  • Investors are pessimistic on the American Energy Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 24.9x which is lower than its 3-year average PE of 28.4x.
  • The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Energy Services industry have grown 46% per year over the last three years.
  • Revenues for these companies have grown 8.7% 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 Market0.51%
Energy-1.34%
Energy Services2.10%
Oil and Gas Services2.38%
Oil and Gas Drilling-0.36%
Industry PE
  • Investors are most optimistic about the Oil and Gas Services industry even though it's trading below its 3-year average PE ratio of 23.8x.
    • Analysts are expecting annual earnings growth of 11.4%, which is lower than the prior year's growth of 14.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 51% over the next 5 years.
  • This is better than its past earnings decline of 59% per year.
  • In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 11% 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
BKR Baker HughesUS$48.582.7%
+US$1.3b		28.3%PE16.6x
PUMP ProPetro HoldingUS$10.8471.2%
+US$469.1m		56.9%PS0.9x
SLB SLBUS$36.320.9%
+US$463.1m		-9.4%PE14.9x
LBRT Liberty EnergyUS$18.7315.5%
+US$406.5m		9.7%PE16.3x
FTI TechnipFMCUS$41.792.1%
+US$351.9m		56.6%PE17.4x

Latest News

PUMP
US$10.84
ProPetro Holding
7D
71.2%
1Y
56.9%
WHD
US$43.16
Cactus
7D
10.2%
1Y
-27.2%
NOV
US$15.12
NOV
7D
7.4%
1Y
-2.5%

Deepwater And Saudi Activity Will Drive Recovery Amid Sector Crosscurrents

The analyst price target for NOV has increased to $15.75 from $15.38. This change reflects improved revenue growth expectations and a stronger profit margin outlook, as analysts cite sector momentum and evolving industry dynamics.
TTI
US$7.01
TETRA Technologies
7D
-12.3%
1Y
109.3%
HAL
US$26.96
Halliburton
7D
-1.0%
1Y
-2.8%

Power Generation And Data Center Exposure Will Shape Future Risk And Reward

Halliburton's analyst price target has been raised from $27.04 to $29.46 as analysts point to the company's strong quarterly performance, increasing profit margins, and potential catalysts in power generation and data center projects. Analyst Commentary Bullish analysts have responded positively to Halliburton's latest quarterly performance and outlook, highlighting several drivers for potential upside in the company's valuation and growth prospects.
VTOL
US$39.97
Bristow Group
7D
-3.6%
1Y
20.5%
NE
US$29.60
Noble
7D
-2.8%
1Y
-7.4%

Share Buybacks And Index Additions Will Support Ultra-Deepwater Rebound In Key Regions

Noble's Analyst Price Target Sees Significant Increase on Improved Outlook Analysts have raised their price target for Noble from $33.60 to $33.60, citing higher expected revenue growth and stronger profit margin forecasts. This update is supported by recent improvements in financial projections.
PTEN
US$6.30
Patterson-UTI Energy
7D
-6.8%
1Y
-17.9%

Energy Services Shifts Will Shape Digital Drilling Outlook in Coming Quarters

The consensus analyst price target for Patterson-UTI Energy has shifted slightly lower. This reflects a range of updated outlooks as analysts weigh recent earnings, sector performance, and evolving market dynamics.
BKR
US$48.58
Baker Hughes
7D
2.7%
1Y
28.3%
FTI
US$41.79
TechnipFMC
7D
2.1%
1Y
56.6%
TDW
US$50.44
Tidewater
7D
-1.9%
1Y
-16.0%

Offshore Demand And Mergers Will Drive Utilization Momentum Next Year

The analyst price target for Tidewater has been revised downward by $1.67 to $60.00. Analysts cite moderated profit margin and revenue growth forecasts for the upcoming periods.
OII
US$23.03
Oceaneering International
7D
-3.2%
1Y
-5.6%
LBRT
US$18.73
Liberty Energy
7D
15.5%
1Y
9.7%
SEI
US$53.11
Solaris Energy Infrastructure
7D
11.3%
1Y
304.2%

Expanding Capacity And Flexibility Will Drive Growth In Next Cycle

Analysts have raised their price target for Solaris Energy Infrastructure from $49.56 to $55.89, citing the company's increased power capacity and greater financial flexibility as drivers of further potential upside. Analyst Commentary Bullish Takeaways Analysts point to Solaris Energy Infrastructure's recent doubling of power capacity as a primary catalyst for raising price targets.
SLB
US$36.32
SLB
7D
0.9%
1Y
-9.4%

Analysts Weigh Digital Growth and Energy Trends as SLB Valuation Shifts Amid Mixed Signals

SLB's average analyst price target has edged lower, dropping from $46.02 to $45.16 per share. Analysts are weighing mixed sector trends and persistent commodity headwinds against growth in digital solutions and renewed interest in long-cycle energy investments.
SDRL
US$31.47
Seadrill
7D
-1.4%
1Y
-20.0%