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U.S. Energy Services Industry Analysis

UpdatedAug 09, 2026
DataAggregated Company Financials
Companies88
  • 7D0.8%
  • 3M-9.1%
  • 1Y57.6%
  • YTD28.1%

Over the last 7 days, the Energy Services industry has remained flat. As for the the longer term, the industry is up 58% over the past 12 months. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 09 Aug 2026US$302.0bUS$171.3bUS$10.0b26.3x30.1x1.8x
Tue, 07 Jul 2026US$281.7bUS$170.1bUS$9.0b25.3x31.4x1.7x
Thu, 04 Jun 2026US$332.2bUS$170.2bUS$9.0b27.7x36.8x2x
Sat, 02 May 2026US$342.6bUS$168.3bUS$9.0b26.9x38x2x
Mon, 30 Mar 2026US$317.2bUS$167.1bUS$8.2b29.5x38.7x1.9x
Wed, 25 Feb 2026US$302.0bUS$167.2bUS$8.2b26.5x36.9x1.8x
Fri, 23 Jan 2026US$266.2bUS$166.3bUS$8.5b22.1x31.3x1.6x
Sun, 21 Dec 2025US$219.0bUS$166.4bUS$8.6b18x25.6x1.3x
Tue, 18 Nov 2025US$217.4bUS$165.4bUS$8.7b16.3x24.9x1.3x
Thu, 16 Oct 2025US$193.7bUS$166.1bUS$10.0b14.3x19.3x1.2x
Sat, 13 Sep 2025US$203.1bUS$166.2bUS$10.0b15.1x20.2x1.2x
Mon, 11 Aug 2025US$186.0bUS$166.1bUS$10.0b12.2x18.5x1.1x
Wed, 09 Jul 2025US$186.7bUS$170.2bUS$12.1b11.9x15.4x1.1x
Fri, 06 Jun 2025US$177.9bUS$171.1bUS$12.2b11x14.6x1x
Sun, 04 May 2025US$177.8bUS$170.2bUS$12.4b10.9x14.3x1x
Tue, 01 Apr 2025US$208.8bUS$170.7bUS$13.4b13x15.5x1.2x
Thu, 27 Feb 2025US$213.2bUS$171.3bUS$13.3b13.8x16.1x1.2x
Sat, 25 Jan 2025US$231.2bUS$170.3bUS$13.7b15.4x16.9x1.4x
Mon, 23 Dec 2024US$201.8bUS$168.9bUS$13.5b14.7x14.9x1.2x
Wed, 20 Nov 2024US$225.1bUS$168.9bUS$13.5b16.6x16.6x1.3x
Fri, 18 Oct 2024US$217.5bUS$165.7bUS$14.7b18.2x14.8x1.3x
Sun, 15 Sep 2024US$204.1bUS$165.8bUS$14.8b17x13.8x1.2x
Tue, 13 Aug 2024US$223.0bUS$166.6bUS$14.4b17.5x15.5x1.3x
Thu, 11 Jul 2024US$229.8bUS$164.6bUS$13.9b14.3x16.5x1.4x
Sat, 08 Jun 2024US$225.3bUS$164.6bUS$13.9b14.2x16.2x1.4x
Mon, 06 May 2024US$237.7bUS$165.5bUS$13.9b13.6x17.2x1.4x
Wed, 03 Apr 2024US$255.7bUS$162.2bUS$13.5b16.1x19x1.6x
Fri, 01 Mar 2024US$220.9bUS$160.9bUS$13.3b15.4x16.7x1.4x
Sun, 28 Jan 2024US$235.2bUS$163.6bUS$12.3b16.2x19.1x1.4x
Tue, 26 Dec 2023US$238.6bUS$160.7bUS$12.1b16.1x19.7x1.5x
Thu, 23 Nov 2023US$237.7bUS$160.7bUS$12.1b17.8x19.6x1.5x
Sat, 21 Oct 2023US$258.8bUS$156.7bUS$11.5b15.4x22.6x1.7x
Mon, 18 Sep 2023US$268.8bUS$155.2bUS$11.2b17.9x24.1x1.7x
Wed, 16 Aug 2023US$620.8bUS$155.2bUS$11.2b15.2x55.6x4x
Price to Earnings Ratio

55.6x


Total Market Cap: US$620.8bTotal 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 30.1x 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 1.8x.
Past Earnings Growth
  • The earnings for companies in the Energy Services industry have declined 3.5% 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 Market4.18%
Energy-3.06%
Energy Services0.82%
Oil and Gas Services1.12%
Oil and Gas Drilling-1.75%
Industry PE
  • Investors are most optimistic about the Oil and Gas Services industry which is trading above its 3-year average PE ratio of 18.4x.
    • Analysts are expecting annual earnings growth of 17.7%, which is higher than its past year's earnings decline of 23.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 58% 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
SLB SLBUS$50.531.9%
+US$1.4b		53.7%PE24.2x
BKR Baker HughesUS$61.551.8%
+US$1.1b		42.2%PE19.7x
SEI Solaris Energy InfrastructureUS$57.9612.7%
+US$401.4m		93.3%PE67x
TDW TidewaterUS$82.8410.4%
+US$389.0m		44.3%PE16.7x
WTTR Select Water SolutionsUS$20.239.2%
+US$305.5m		141.7%PE81.6x

Latest News

SEI
US$57.96
Solaris Energy Infrastructure
7D
12.7%
1Y
93.3%
AROC
US$33.08
Archrock
7D
-7.5%
1Y
42.5%
Analysis Article • Aug 08

Archrock, Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Archrock, Inc. ( NYSE:AROC ) missed earnings with its latest quarterly results, disappointing overly-optimistic...
WBI
US$32.00
WaterBridge Infrastructure
7D
-6.5%
1Y
n/a
HP
US$37.10
Helmerich & Payne
7D
7.3%
1Y
114.6%
WTTR
US$20.23
Select Water Solutions
7D
9.2%
1Y
141.7%
Analysis Article • Aug 07

Results: Select Water Solutions, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

As you might know, Select Water Solutions, Inc. ( NYSE:WTTR ) just kicked off its latest second-quarter results with...
FTI
US$69.62
TechnipFMC
7D
-2.8%
1Y
99.2%
Analysis Article • Aug 07

Solid Earnings Reflect TechnipFMC's (NYSE:FTI) Strength As A Business

TechnipFMC plc ( NYSE:FTI ) just reported healthy earnings but the stock price didn't move much. Our analysis suggests...
SLB
US$50.53
SLB
7D
1.9%
1Y
53.7%
NESR
US$29.02
National Energy Services Reunited
7D
7.6%
1Y
336.4%
TDW
US$82.84
Tidewater
7D
10.4%
1Y
44.3%
OII
US$47.97
Oceaneering International
7D
-1.7%
1Y
124.6%
WHD
US$67.90
Cactus
7D
4.4%
1Y
76.6%
NE
US$40.77
Noble
7D
-3.8%
1Y
52.2%
PTEN
US$9.87
Patterson-UTI Energy
7D
-5.8%
1Y
81.8%
BKR
US$61.55
Baker Hughes
7D
1.8%
1Y
42.2%
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.
HAL
US$31.89
Halliburton
7D
-1.1%
1Y
52.6%
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.
SDRL
US$43.24
Seadrill
7D
-3.6%
1Y
48.2%
Narrative Update • Jun 30

SDRL: Extended Buybacks And Raised Guidance Will Support Future Upside Potential

Analysts have lifted their Seadrill price target from about $51.71 to roughly $56.43 as they factor in updated assumptions for revenue growth, profit margins, discount rates, and future P/E levels. What's in the News Seadrill extended its existing share repurchase program through December 31, 2026, with about US$208 million remaining under the original US$500 million authorization, giving the company continued flexibility on timing and method of buybacks.