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U.S. Energy Services Industry Analysis

UpdatedAug 05, 2026
DataAggregated Company Financials
Companies87
  • 7D4.2%
  • 3M-9.2%
  • 1Y55.9%
  • YTD28.9%

The Energy Services industry is up 1.9% in the last week, with Baker Hughes up 5.6%. In the last 12 months, the industry was up 52%. Looking forward, earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 05 Aug 2026US$297.2bUS$171.0bUS$8.7b26.3x34.3x1.7x
Fri, 03 Jul 2026US$283.2bUS$170.1bUS$9.0b25.8x31.5x1.7x
Sun, 31 May 2026US$323.8bUS$170.2bUS$9.0b25.4x35.8x1.9x
Tue, 28 Apr 2026US$334.3bUS$168.0bUS$9.0b31.2x37.2x2x
Thu, 26 Mar 2026US$308.6bUS$167.1bUS$8.2b29.4x37.4x1.8x
Sat, 21 Feb 2026US$300.5bUS$167.2bUS$7.7b26.7x39.2x1.8x
Mon, 19 Jan 2026US$256.5bUS$166.3bUS$8.5b21.3x30x1.5x
Wed, 17 Dec 2025US$226.5bUS$166.4bUS$8.6b17.5x26.5x1.4x
Fri, 14 Nov 2025US$214.1bUS$165.4bUS$8.7b16.5x24.5x1.3x
Sun, 12 Oct 2025US$189.8bUS$166.1bUS$10.0b14x18.9x1.1x
Tue, 09 Sep 2025US$199.3bUS$166.2bUS$10.0b15.1x19.9x1.2x
Thu, 07 Aug 2025US$189.1bUS$165.5bUS$10.4b12.3x18.1x1.1x
Sat, 05 Jul 2025US$190.0bUS$170.2bUS$12.1b11.6x15.7x1.1x
Mon, 02 Jun 2025US$174.4bUS$171.3bUS$12.2b10.9x14.2x1x
Wed, 30 Apr 2025US$174.0bUS$170.4bUS$12.4b10.5x14x1x
Fri, 28 Mar 2025US$212.6bUS$170.8bUS$13.4b13.3x15.8x1.2x
Sun, 23 Feb 2025US$218.7bUS$171.2bUS$13.0b14.6x16.8x1.3x
Tue, 21 Jan 2025US$237.7bUS$170.4bUS$13.7b15.7x17.3x1.4x
Thu, 19 Dec 2024US$211.0bUS$168.9bUS$13.5b14.8x15.6x1.2x
Sat, 16 Nov 2024US$225.2bUS$168.9bUS$13.5b16.5x16.6x1.3x
Mon, 14 Oct 2024US$224.4bUS$165.8bUS$14.8b18.7x15.2x1.4x
Wed, 11 Sep 2024US$205.5bUS$165.7bUS$14.7b16.9x14x1.2x
Fri, 09 Aug 2024US$219.2bUS$166.7bUS$14.6b17.6x15x1.3x
Sun, 07 Jul 2024US$233.6bUS$164.6bUS$13.9b13.7x16.8x1.4x
Tue, 04 Jun 2024US$240.7bUS$164.6bUS$13.9b14.1x17.3x1.5x
Thu, 02 May 2024US$236.8bUS$164.6bUS$13.9b14.6x17x1.4x
Sat, 30 Mar 2024US$250.5bUS$160.8bUS$13.1b17.3x19.1x1.6x
Mon, 26 Feb 2024US$223.5bUS$160.9bUS$12.6b16.2x17.7x1.4x
Wed, 24 Jan 2024US$225.8bUS$163.2bUS$12.1b15.9x18.6x1.4x
Fri, 22 Dec 2023US$236.9bUS$160.7bUS$12.1b16.1x19.5x1.5x
Sun, 19 Nov 2023US$233.2bUS$160.7bUS$12.1b18.2x19.3x1.5x
Tue, 17 Oct 2023US$262.2bUS$156.1bUS$11.3b15.5x23.3x1.7x
Thu, 14 Sep 2023US$265.1bUS$155.2bUS$11.2b16.8x23.7x1.7x
Sat, 12 Aug 2023US$626.6bUS$155.2bUS$11.2b16x56.1x4x
Price to Earnings Ratio

56.1x


Total Market Cap: US$626.6bTotal Earnings: US$11.2bTotal Revenue: US$155.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Services Industry Price to Earnings3Y Average 21.9x202420252026
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 34.0x which is higher than its 3-year average PE of 21.9x.
  • 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 declined 7.8% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.3% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the U.S. Energy industry?

US Market4.85%
Energy1.66%
Energy Services4.22%
Oil and Gas Drilling5.05%
Oil and Gas Services4.13%
Industry PE
  • Investors are most optimistic about the Oil and Gas Services industry which is trading above its 3-year average PE ratio of 18.5x.
    • Analysts are expecting annual earnings growth of 17.8%, which is higher than its past year's earnings decline of 24.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 66% over the next 5 years.
  • This is better than its past earnings decline of 35% per year.
  • In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 18% 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$61.735.6%
+US$3.2b		40.9%PE19.8x
SLB SLBUS$50.811.7%
+US$1.2b		51.7%PE24.3x
WHD CactusUS$67.2126.5%
+US$997.9m		66.2%PE57.3x
HAL HalliburtonUS$32.363.6%
+US$941.4m		49.3%PE16.8x
SEI Solaris Energy InfrastructureUS$57.9222.4%
+US$650.2m		88.5%PE79.7x

Latest News

AESI
US$10.93
Atlas Energy Solutions
7D
-0.5%
1Y
-13.0%
INVX
US$31.63
Innovex International
7D
22.9%
1Y
96.6%
TDW
US$84.19
Tidewater
7D
12.7%
1Y
33.2%
SLB
US$50.81
SLB
7D
1.7%
1Y
51.7%
WHD
US$67.21
Cactus
7D
26.5%
1Y
66.2%
BKR
US$61.73
Baker Hughes
7D
5.6%
1Y
40.9%
Narrative Update • Aug 04

BKR: Future Returns Will Weigh Data Center Power Demand And Geopolitical Energy Risks

Analysts have lifted the implied fair value estimate for Baker Hughes from about $53.49 to roughly $56.13, reflecting updated expectations for revenue growth, profit margins, and future P/E after recent price target revisions following strong Q2 orders, backlog, and longer term EBITDA outlook. Analyst Commentary Recent Street research on Baker Hughes has been active, with several firms updating price targets and models following the latest Q2 results, order trends, and guidance.
SEI
US$57.92
Solaris Energy Infrastructure
7D
22.4%
1Y
88.5%
Narrative Update • Aug 03

SEI: Hyperscaler Power Contracts And Index Additions Will Support Future Natural Gas Expansion

For Solaris Energy Infrastructure, the Analyst Price Target has moved higher to $94.34 from $89.73 as analysts factor in recent hyperscaler contract wins, expanded data center power commitments, and updated profitability and P/E assumptions. Analyst Commentary Recent Street research on Solaris Energy Infrastructure highlights a mix of optimism around its data center exposure and questions around execution, capital intensity, and balance sheet durability.
FTI
US$70.02
TechnipFMC
7D
-3.3%
1Y
97.3%
WFRD
US$89.42
Weatherford International
7D
8.6%
1Y
61.9%
HAL
US$32.36
Halliburton
7D
3.6%
1Y
49.3%
Narrative Update • Jul 28

HAL: International Integrated Contracts And Automation Progress Will Drive Bullish Repricing

For this Narrative Update on Halliburton, the analyst price target shifts to $53. Analysts cite updated assumptions around slightly higher revenue growth, profit margins, and a modestly higher future P/E multiple as key drivers of the change.
LSE
US$4.93
Leishen Energy Holding
7D
-2.7%
1Y
-10.6%
STAK
US$1.70
STAK
7D
-30.0%
1Y
10.4%