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U.S. Energy Services Industry Analysis

UpdatedAug 14, 2026
DataAggregated Company Financials
Companies87
  • 7D3.8%
  • 3M-6.1%
  • 1Y65.2%
  • YTD34.5%

In the last week, the Energy Services industry is up 3.8%, with TechnipFMC up 10%. This takes the industry's 12 month performance to a gain of 65%. 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
Sat, 15 Aug 2026US$318.4bUS$170.6bUS$9.8b26.9x32.6x1.9x
Mon, 13 Jul 2026US$298.2bUS$170.1bUS$9.0b26.6x33.2x1.8x
Wed, 10 Jun 2026US$331.9bUS$170.2bUS$9.0b26.6x36.7x1.9x
Fri, 08 May 2026US$336.4bUS$168.3bUS$9.0b26.9x37.3x2x
Sun, 05 Apr 2026US$304.1bUS$167.9bUS$8.3b26x36.8x1.8x
Tue, 03 Mar 2026US$306.0bUS$167.5bUS$8.0b27.5x38.3x1.8x
Thu, 29 Jan 2026US$276.1bUS$166.8bUS$7.9b21.9x34.8x1.7x
Sat, 27 Dec 2025US$220.6bUS$166.4bUS$8.6b18x25.8x1.3x
Mon, 24 Nov 2025US$215.8bUS$166.4bUS$8.5b16.6x25.4x1.3x
Wed, 22 Oct 2025US$197.7bUS$165.1bUS$9.0b15.1x22x1.2x
Fri, 19 Sep 2025US$199.9bUS$166.2bUS$10.0b15.4x19.9x1.2x
Sun, 17 Aug 2025US$185.6bUS$166.2bUS$10.0b13.7x18.5x1.1x
Tue, 15 Jul 2025US$196.9bUS$170.2bUS$12.1b11.5x16.3x1.2x
Thu, 12 Jun 2025US$188.6bUS$171.1bUS$12.2b10.6x15.5x1.1x
Sat, 10 May 2025US$175.6bUS$171.3bUS$12.4b11.2x14.1x1x
Mon, 07 Apr 2025US$168.2bUS$170.7bUS$13.4b10.6x12.5x1x
Wed, 05 Mar 2025US$204.2bUS$171.0bUS$13.5b12.5x15.1x1.2x
Fri, 31 Jan 2025US$221.0bUS$170.1bUS$13.6b15.1x16.2x1.3x
Sun, 29 Dec 2024US$206.0bUS$168.9bUS$13.5b15.4x15.2x1.2x
Tue, 26 Nov 2024US$232.4bUS$168.9bUS$13.5b15.7x17.2x1.4x
Thu, 24 Oct 2024US$209.3bUS$166.9bUS$15.0b17x13.9x1.3x
Sat, 21 Sep 2024US$218.9bUS$165.8bUS$14.8b18.1x14.8x1.3x
Mon, 19 Aug 2024US$226.3bUS$166.7bUS$14.4b18.5x15.7x1.4x
Wed, 17 Jul 2024US$247.9bUS$164.6bUS$13.9b15.6x17.8x1.5x
Fri, 14 Jun 2024US$227.0bUS$164.6bUS$13.9b13.9x16.3x1.4x
Sun, 12 May 2024US$241.7bUS$164.4bUS$13.9b14.4x17.4x1.5x
Tue, 09 Apr 2024US$262.5bUS$162.2bUS$13.5b16.7x19.5x1.6x
Thu, 07 Mar 2024US$225.7bUS$161.0bUS$13.3b15x17x1.4x
Sat, 03 Feb 2024US$218.9bUS$163.8bUS$12.8b16x17.1x1.3x
Mon, 01 Jan 2024US$236.5bUS$161.6bUS$12.1b15.9x19.6x1.5x
Wed, 29 Nov 2023US$236.6bUS$160.7bUS$12.1b17.6x19.5x1.5x
Fri, 27 Oct 2023US$249.1bUS$158.9bUS$12.3b14.9x20.3x1.6x
Sun, 24 Sep 2023US$261.2bUS$155.2bUS$11.2b16.8x23.4x1.7x
Tue, 22 Aug 2023US$252.8bUS$155.2bUS$11.2b15.5x22.7x1.6x
Price to Earnings Ratio

22.7x


Total Market Cap: US$252.8bTotal 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 21.7x202420252026
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 32.6x which is higher than its 3-year average PE of 21.8x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Energy Services industry have declined 4.4% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.2% 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 Market1.74%
Energy4.12%
Energy Services3.82%
Oil and Gas Drilling10.23%
Oil and Gas Services3.12%
Industry PE
  • Investors are most optimistic about the Oil and Gas Services industry which is trading above its 3-year average PE ratio of 18.3x.
    • Analysts are expecting annual earnings growth of 18.0%, which is higher than its past year's earnings decline of 14.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 62% over the next 5 years.
  • This is better than its past earnings decline of 52% 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$53.776.4%
+US$4.8b		63.0%PE25.7x
FTI TechnipFMCUS$78.6112.9%
+US$3.5b		124.7%PE26.2x
BKR Baker HughesUS$64.825.3%
+US$3.2b		51.4%PE20.8x
HAL HalliburtonUS$34.427.9%
+US$2.1b		63.0%PE17.9x
NESR National Energy Services ReunitedUS$36.3125.1%
+US$735.3m		421.7%PE39.2x

Latest News

FTI
US$78.61
TechnipFMC
7D
12.9%
1Y
124.7%
KLXE
US$1.66
KLX Energy Services Holdings
7D
-19.4%
1Y
-9.3%
Analysis Article • 13h

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) Just Reported, And Analysts Assigned A US$3.00 Price Target

There's been a major selloff in KLX Energy Services Holdings, Inc. ( NASDAQ:KLXE ) shares in the week since it released...
WBI
US$31.73
WaterBridge Infrastructure
7D
-0.8%
1Y
n/a
BKR
US$64.82
Baker Hughes
7D
5.3%
1Y
51.4%
NESR
US$36.31
National Energy Services Reunited
7D
25.1%
1Y
421.7%
Narrative Update • Aug 11

NESR: Kuwait Contracts And Middle East Demand Will Support Future Stock Repricing

Analysts have lifted the fair value estimate for National Energy Services Reunited to $41.86 from $31.86, pointing to higher price targets up to $45, a slightly higher discount rate, and modestly stronger assumptions for revenue growth, profit margin and future P/E multiples following recent earnings beats and resilient Middle East services demand. Analyst Commentary Recent research on National Energy Services Reunited points to a cluster of higher price targets following stronger quarterly results and resilient Middle East activity.
ESOA
US$12.83
Energy Services of America
7D
-18.0%
1Y
39.3%
HAL
US$34.42
Halliburton
7D
7.9%
1Y
63.0%
Narrative Update • Aug 11

HAL: International Contracts And Mixed Oilfield Spending Will Temper Returns

For Halliburton, the updated analyst work points to a modestly higher fair value of about $33.61 per share, with analysts generally trimming price targets after recent Q2 results while still reflecting slightly stronger profit margin assumptions and only small changes to forward P/E expectations. Analyst Commentary Recent Street research around Halliburton points to a mixed but generally more restrained tone.
HP
US$44.20
Helmerich & Payne
7D
19.1%
1Y
149.9%
Narrative Update • Aug 11

HP: Geothermal And Energy Security Contracts Will Support Future Upside

Analysts have lifted the Helmerich & Payne fair value estimate from $47 to $50 as they factor in a higher projected profit margin along with a lower assumed future P/E multiple in their updated models. What’s in the News for Helmerich & Payne Helmerich & Payne reported Q2 CY2026 revenue of US$1.03b, which was flat year on year, with GAAP profit of US$0.74 per share and an adjusted EBITDA margin of 22.8% that came in above analysts’ consensus estimates.
TUSK
US$3.32
Mammoth Energy Services
7D
-2.1%
1Y
48.2%
GEOS
US$5.60
Geospace Technologies
7D
-4.3%
1Y
-65.5%
SLB
US$53.77
SLB
7D
6.4%
1Y
63.0%
NE
US$45.10
Noble
7D
10.6%
1Y
67.6%
PTEN
US$11.37
Patterson-UTI Energy
7D
15.2%
1Y
111.3%
BOOM
US$7.55
DMC Global
7D
-1.4%
1Y
21.2%
Narrative Update • Aug 03

BOOM: Stronger Q2 And Q3 Guidance Will Support Balanced Yet Constrained Upside Potential

Analysts have raised their price target on DMC Global to $8 from $7, citing stronger than expected Q2 results and solid Q3 guidance as key factors supporting the revised outlook. What’s in the News for DMC Global DMC Global issued earnings guidance for Q3 2026, with expected sales in a range of US$158 million to US$168 million.
MIND
US$4.73
MIND Technology
7D
-6.9%
1Y
-49.7%
DWSN
US$3.20
Dawson Geophysical
7D
-26.6%
1Y
147.7%