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U.S. Energy Sector Analysis

UpdatedJul 14, 2026
DataAggregated Company Financials
Companies434
  • 7D6.4%
  • 3M1.2%
  • 1Y26.1%
  • YTD23.5%

ExxonMobil Holdings is up 5.9%, leading the way for the Energy industry, which has gained 6.4%. In the last 12 months, the industry was up 26%. Looking forward, earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 14 Jul 2026US$2.8tUS$1.9tUS$125.0b16.5x22.5x1.5x
Thu, 11 Jun 2026US$2.9tUS$1.9tUS$125.1b16.2x23.2x1.5x
Sat, 09 May 2026US$2.9tUS$1.9tUS$125.0b15.7x23.1x1.5x
Mon, 06 Apr 2026US$3.0tUS$1.9tUS$130.7b17.6x23.3x1.6x
Wed, 04 Mar 2026US$2.9tUS$1.9tUS$130.8b17.3x22.3x1.5x
Fri, 30 Jan 2026US$2.6tUS$1.9tUS$127.2b16.7x20.4x1.4x
Sun, 28 Dec 2025US$2.3tUS$1.9tUS$126.3b14.9x18.2x1.2x
Tue, 25 Nov 2025US$2.3tUS$1.9tUS$124.7b15.5x18.5x1.2x
Thu, 23 Oct 2025US$2.3tUS$1.9tUS$125.3b13.7x18.1x1.2x
Sat, 20 Sep 2025US$2.3tUS$1.9tUS$125.9b13.6x18.5x1.3x
Mon, 18 Aug 2025US$2.2tUS$1.9tUS$126.3b13.1x17.7x1.2x
Wed, 16 Jul 2025US$2.3tUS$1.9tUS$134.5b11.8x17.4x1.2x
Fri, 13 Jun 2025US$2.3tUS$1.9tUS$134.4b12.1x17x1.2x
Sun, 11 May 2025US$2.2tUS$1.9tUS$135.2b11.7x16.1x1.1x
Tue, 08 Apr 2025US$2.1tUS$1.9tUS$143.8b11x14.4x1.1x
Thu, 06 Mar 2025US$2.3tUS$1.9tUS$143.5b12.3x15.9x1.2x
Sat, 01 Feb 2025US$2.4tUS$1.9tUS$158.3b12.4x15.4x1.3x
Mon, 30 Dec 2024US$2.2tUS$1.9tUS$158.3b11.6x14.2x1.2x
Wed, 27 Nov 2024US$2.5tUS$1.9tUS$158.6b12.2x15.5x1.3x
Fri, 25 Oct 2024US$2.3tUS$2.0tUS$173.0b11.3x13.5x1.2x
Sun, 22 Sep 2024US$2.3tUS$2.0tUS$172.6b11.8x13.3x1.2x
Tue, 20 Aug 2024US$2.3tUS$2.0tUS$172.2b11.6x13.5x1.2x
Thu, 18 Jul 2024US$2.3tUS$1.9tUS$176.0b12x13.3x1.2x
Sat, 15 Jun 2024US$2.2tUS$1.9tUS$176.1b11.1x12.6x1.1x
Mon, 13 May 2024US$2.3tUS$1.9tUS$175.2b11.7x13.4x1.2x
Wed, 10 Apr 2024US$2.5tUS$2.0tUS$206.1b10.9x12.1x1.3x
Fri, 08 Mar 2024US$2.3tUS$2.0tUS$207.0b9.2x10.9x1.1x
Sun, 04 Feb 2024US$2.2tUS$2.1tUS$229.0b8.4x9.7x1.1x
Tue, 02 Jan 2024US$2.3tUS$2.1tUS$242.2b8.6x9.3x1.1x
Thu, 30 Nov 2023US$2.3tUS$2.1tUS$242.5b8.7x9.3x1.1x
Sat, 28 Oct 2023US$2.3tUS$2.1tUS$252.4b7.8x9x1.1x
Mon, 25 Sep 2023US$2.4tUS$2.2tUS$272.6b7.6x8.7x1.1x
Wed, 23 Aug 2023US$2.3tUS$2.2tUS$272.4b7.7x8.5x1.1x
Fri, 21 Jul 2023US$2.6tUS$2.4tUS$317.5b7.1x8x1.1x
Price to Earnings Ratio

8x


Total Market Cap: US$2.6tTotal Earnings: US$317.5bTotal Revenue: US$2.4tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Sector Price to Earnings3Y Average 15.2x202420252026
Current Industry PE
  • Investors are optimistic on the American Energy industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 22.5x which is higher than its 3-year average PE of 15.2x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 27% per year over the last three years,
  • Revenues have also declined 7.0% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

US Market-0.93%
Energy6.40%
Oil and Gas6.43%
Energy Services6.14%
Industry PE
  • Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 22.4x.
    • Analysts are expecting annual earnings growth of 20.4%, which is higher than its past year's earnings decline of 26.6% per year.
  • Investors are most pessimistic about the Oil and Gas industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 14.7x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings decline of 27% per year.
  • In contrast, the Oil and Gas 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
XOM ExxonMobil HoldingsUS$144.515.9%
+US$33.4b		26.9%PE23.7x
CVX ChevronUS$182.208.4%
+US$27.9b		20.1%PE32.7x
COP ConocoPhillipsUS$112.858.9%
+US$11.3b		19.8%PE18.8x
PSX Phillips 66US$198.2911.8%
+US$8.4b		53.7%PE19.3x
MPC Marathon PetroleumUS$296.8810.4%
+US$8.1b		69.0%PE18.7x

Latest News

MPC
US$296.88
Marathon Petroleum
7D
10.4%
1Y
69.0%
VG
US$13.36
Venture Global
7D
23.1%
1Y
-20.4%
PSX
US$198.29
Phillips 66
7D
11.8%
1Y
53.7%
EQT
US$49.72
EQT
7D
-3.8%
1Y
-14.7%
CVX
US$182.20
Chevron
7D
8.4%
1Y
20.1%
RRC
US$36.24
Range Resources
7D
-2.8%
1Y
-7.9%
Narrative Update • Jul 10

RRC: Cautious Gas Pricing And Storage Trends Will Shape Future Cash Returns

The analyst price target for Range Resources has been revised lower to $36.00. This reflects recent cuts to Street targets and more cautious assumptions on revenue growth, profit margins, and future P/E as analysts factor in softer natural gas pricing and mixed near term earnings expectations.
EXE
US$87.10
Expand Energy
7D
-2.0%
1Y
-20.5%
Narrative Update • Jul 10

EXE: Share Repurchases And Insider Buying Will Support Future Upside

Analysts have trimmed their price target for Expand Energy to $127.40 from $130.84, citing slightly softer revenue growth expectations, a modestly lower profit margin outlook, and a small adjustment to the assumed future P/E multiple. What’s in the News for Expand Energy Expand Energy, previously Chesapeake Energy, rebranded in 2024 after emerging from bankruptcy and is producing natural gas, oil, and natural gas liquids from shale formations, according to recent coverage highlighting its cash generation profile and margin trends.
UEC
US$10.07
Uranium Energy
7D
-4.9%
1Y
46.8%
Narrative Update • Jul 10

UEC: ISR Production Ramp And Inventory Strategy Will Drive Future Upside

Uranium Energy's updated analyst price target has shifted to reflect changes in fair value assumptions to $26.56, a higher discount rate, very large revenue growth projections, and wider profit margin estimates, partly offset by a lower future P/E multiple after recent production and cost misses highlighted by analysts. Analyst Commentary Recent Street research on Uranium Energy reflects a mix of caution around near term execution and continued confidence in the company’s longer term setup.
VLO
US$295.79
Valero Energy
7D
9.4%
1Y
98.7%
Narrative Update • Jul 10

VLO: Refining Margins And Cash Returns Will Shape Balanced Forward Prospects

Analysts have lifted their blended price target for Valero Energy to about $268 from roughly $259, citing expectations for constructive refining margins, supportive U.S. refining conditions and strong recent buyback activity. Analyst Commentary Recent research on Valero Energy highlights a mix of optimism around current earnings power and balance sheet flexibility, alongside caution about how long supportive refining conditions and elevated commodity prices might last.
XOM
US$144.51
ExxonMobil Holdings
7D
5.9%
1Y
26.9%
COP
US$112.85
ConocoPhillips
7D
8.9%
1Y
19.8%
Narrative Update • Jul 09

COP: Fair Value View Balances Middle East Oil Swings And Syria Deal

Analysts have reset the fair value estimate for ConocoPhillips shares to $115, reflecting a mix of lower Street price targets clustered around revised oil price assumptions, modestly adjusted growth and margin expectations, and a higher implied future P/E multiple. Analyst Commentary Recent Street research on ConocoPhillips shows a more mixed tone, with several Bearish analysts trimming price targets and flagging a few pressure points that could matter for valuation and execution.
WFRD
US$81.10
Weatherford International
7D
-3.3%
1Y
45.5%
Narrative Update • Jul 08

WFRD: Offshore And Middle East Upside Will Support Future Margin Strength

Analysts have lifted their Weatherford International fair value estimate from $105.36 to $119.17, citing updated models that reflect revised P/E assumptions, modestly adjusted revenue growth and margin expectations, and a broad set of refreshed price targets across recent research. Analyst Commentary Recent Street research around Weatherford International highlights a mix of optimism and caution, with multiple firms updating price targets and models as they reassess the stock's risk and reward profile.
LEU
US$156.05
Centrus Energy
7D
-10.4%
1Y
-27.8%
OXY
US$54.81
Occidental Petroleum
7D
12.3%
1Y
21.6%
CRK
US$13.24
Comstock Resources
7D
-6.5%
1Y
-44.5%
Narrative Update • Jul 01

CRK: Higher Oil Outlook And Pinnacle Stake Sale Will Support Cash Flows

Comstock Resources' analyst fair value estimate has been revised down from $28.81 to $24.25 as analysts reset price targets across the sector, citing updated commodity price assumptions and recent cuts from several major firms. Analyst Commentary Recent Street research on Comstock Resources shows a clear pattern of reduced price targets as firms adjust to updated commodity price assumptions and sector wide revisions.
GPOR
US$154.48
Gulfport Energy
7D
-6.5%
1Y
-18.4%