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U.S. Energy Sector Analysis

UpdatedJan 01, 2026
DataAggregated Company Financials
Companies437
  • 7D0.6%
  • 3M0.3%
  • 1Y2.4%
  • YTD-0.9%

Over the last 7 days, the Energy industry has remained flat, although notably Venture Global declined by 5.7%. In line with that, the industry has also been flat over the past 12 months. 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
Thu, 01 Jan 2026US$2.3tUS$1.9tUS$126.3b14.9x18.5x1.3x
Sat, 29 Nov 2025US$2.3tUS$1.9tUS$124.8b15.5x18.7x1.3x
Mon, 27 Oct 2025US$2.3tUS$1.9tUS$126.9b14.6x18.1x1.2x
Wed, 24 Sep 2025US$2.3tUS$1.9tUS$125.9b13.7x18.3x1.2x
Fri, 22 Aug 2025US$2.2tUS$1.9tUS$126.2b13.1x17.7x1.2x
Sun, 20 Jul 2025US$2.2tUS$1.9tUS$132.0b12.1x16.8x1.2x
Tue, 17 Jun 2025US$2.3tUS$1.9tUS$134.4b12.7x17.4x1.2x
Thu, 15 May 2025US$2.3tUS$1.9tUS$135.2b12x16.7x1.2x
Sat, 12 Apr 2025US$2.0tUS$1.9tUS$143.8b11.3x14x1.1x
Mon, 10 Mar 2025US$2.3tUS$1.9tUS$144.3b12.4x15.8x1.2x
Wed, 05 Feb 2025US$2.4tUS$1.9tUS$157.2b12.5x15.2x1.2x
Fri, 03 Jan 2025US$2.3tUS$1.9tUS$158.3b11.9x14.4x1.2x
Sun, 01 Dec 2024US$2.5tUS$1.9tUS$158.5b12.4x15.7x1.3x
Tue, 29 Oct 2024US$2.3tUS$2.0tUS$173.0b11.3x13.5x1.2x
Thu, 26 Sep 2024US$2.3tUS$2.0tUS$172.6b11.2x13.5x1.2x
Sat, 24 Aug 2024US$2.3tUS$2.0tUS$172.2b11.3x13.2x1.2x
Mon, 22 Jul 2024US$2.3tUS$1.9tUS$176.1b11.7x13.3x1.2x
Wed, 19 Jun 2024US$2.2tUS$1.9tUS$176.1b11.1x12.5x1.1x
Fri, 17 May 2024US$2.3tUS$1.9tUS$175.1b11.3x13.4x1.2x
Sun, 14 Apr 2024US$2.5tUS$2.0tUS$206.1b10.8x12.1x1.3x
Tue, 12 Mar 2024US$2.3tUS$2.0tUS$206.9b9.2x11x1.2x
Thu, 08 Feb 2024US$2.1tUS$2.0tUS$218.4b8.6x9.8x1.1x
Sat, 06 Jan 2024US$2.3tUS$2.1tUS$242.2b8.6x9.4x1.1x
Mon, 04 Dec 2023US$2.3tUS$2.1tUS$242.5b8.8x9.4x1.1x
Wed, 01 Nov 2023US$2.3tUS$2.1tUS$251.4b8x9.1x1.1x
Fri, 29 Sep 2023US$2.5tUS$2.2tUS$272.7b7.8x9x1.1x
Sun, 27 Aug 2023US$2.3tUS$2.2tUS$272.6b7.5x8.5x1.1x
Tue, 25 Jul 2023US$2.6tUS$2.4tUS$317.6b7.2x8.2x1.1x
Thu, 22 Jun 2023US$2.4tUS$2.4tUS$315.7b6.9x7.7x1x
Sat, 20 May 2023US$2.4tUS$2.4tUS$315.9b6.9x7.7x1x
Mon, 17 Apr 2023US$2.3tUS$2.4tUS$279.2b6.9x8.2x1x
Wed, 15 Mar 2023US$2.1tUS$2.4tUS$280.4b6.6x7.6x0.9x
Fri, 10 Feb 2023US$2.3tUS$2.3tUS$272.3b7.4x8.4x1x
Sun, 08 Jan 2023US$2.3tUS$2.3tUS$256.9b7.8x9x1x
Price to Earnings Ratio

9x


Total Market Cap: US$2.3tTotal Earnings: US$256.9bTotal Revenue: US$2.3tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Sector Price to Earnings3Y Average 12.7x202420252026
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 18.5x which is higher than its 3-year average PE of 12.7x.
  • The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 21% per year over the last three years,
  • Revenues have also declined 6.6% 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-1.43%
Energy0.64%
Energy Services0.69%
Oil and Gas0.63%
Industry PE
  • Investors are most optimistic about the Energy Services industry, which is trading close to its 3-year average PE ratio of 25.5x.
    • Analysts are expecting annual earnings growth of 17.1%, which is higher than its past year's earnings decline of 20.4% 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 12.3x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings decline of 20% 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 Exxon MobilUS$120.340.9%
+US$4.7b		11.9%PE16.9x
CVX ChevronUS$152.411.3%
+US$3.8b		5.2%PE24x
COP ConocoPhillipsUS$93.612.0%
+US$2.2b		-5.6%PE13.1x
OXY Occidental PetroleumUS$41.122.8%
+US$1.1b		-16.8%PE27.7x
FANG Diamondback EnergyUS$150.332.3%
+US$979.5m		-8.2%PE10.3x

Latest News

WMB
US$60.11
Williams Companies
7D
1.1%
1Y
11.1%

WMB: Future Data Center Demand Will Drive Long Term EBITDA Expansion

Williams Companies' analyst price target has been raised from $74.00 to about $80.91, as analysts point to a roll-forward of models, stronger long term EBITDA growth prospects, and incremental project driven base business expansion supporting higher valuation multiples. Analyst Commentary Bullish analysts have been lifting their price targets on Williams in response to improving long term fundamentals and a more constructive outlook for earnings growth.
COP
US$93.61
ConocoPhillips
7D
2.0%
1Y
-5.6%

COP: Free Cash Flow Will Strengthen As Peak Capex Fades And Production Increases

The analyst price target for ConocoPhillips edges slightly lower by approximately $0.02 to reflect modestly softer medium term growth and margin assumptions, as analysts recalibrate models following Q3 updates, refreshed 2025 and preliminary 2026 guidance, and a sector-wide bias toward gas over oil. Analyst Commentary Street research indicates that the modestly lower consolidated price target reflects mixed revisions at the single stock level, with most firms maintaining positive fundamental views while trimming outer year assumptions to reflect softer gas and NGL realizations and more conservative commodity decks.
LEU
US$242.76
Centrus Energy
7D
-6.7%
1Y
264.4%

LEU Nuclear Demand And DOE Reactor Plans Will Drive Long-Term Upside

The analyst price target for Centrus Energy has been raised to $390 from $310, as analysts factor in stronger long term revenue growth and margin assumptions that outweigh near term macro and dilution concerns reflected in recent target resets across the Street. Analyst Commentary Recent Street research on Centrus Energy reflects a widening gap between cautious near term price target trims and a more constructive long term outlook that underpins the new $390 target.
OXY
US$41.12
Occidental Petroleum
7D
2.8%
1Y
-16.8%

OXY: Upcoming Unit Sale Will Drive Faster Deleveraging And Cash Return Capacity

Analysts have trimmed their average price target for Occidental Petroleum by about $0.17 per share to approximately $49.92. This reflects slightly weaker margin and growth assumptions, even as recent model updates factor in the strategic OxyChem divestiture and a less favorable oil macro backdrop.
VG
US$6.82
Venture Global
7D
-5.7%
1Y
n/a
MPC
US$162.63
Marathon Petroleum
7D
-1.9%
1Y
16.6%

MPC: Capital Returns Will Drive Upside Amid Constructive Refining Tailwinds

Analysts have nudged our Marathon Petroleum fair value estimate slightly lower to approximately $201 from about $201.33 per share, as a modestly higher discount rate and slightly softer margin outlook more than offset incremental optimism around long term refining tailwinds, midstream value creation, and capital return that underpin a broadly higher Street price target range of roughly $189 to $220. Analyst Commentary Bullish analysts broadly frame Marathon Petroleum as a top tier refiner with a favorable risk reward profile, pointing to resilient cash generation, disciplined capital allocation, and supportive sector dynamics that justify price targets clustering near the low to mid $200s per share.
FANG
US$150.33
Diamondback Energy
7D
2.3%
1Y
-8.2%

FANG Will Deliver Strong Cash Returns Through Disciplined Maintenance Production

We are trimming our Diamondback Energy fair value estimate to approximately $210 per share from about $235 per share, as analysts factor in updated 2025 and 2026 guidance, a less constructive oil macro backdrop, and lower long term growth and valuation multiples, despite still solid Q3 execution and cash flow. Analyst Commentary Recent Street research on Diamondback Energy reflects a generally constructive tone, with modest target price revisions and continued support for the company’s operational strategy and capital returns framework.
XOM
US$120.34
Exxon Mobil
7D
0.9%
1Y
11.9%
TPL
US$287.22
Texas Pacific Land
7D
-3.0%
1Y
-22.1%

TPL: Future Returns Will Reflect Higher Volumes And Stable Premium Multiples

Analysts have modestly lifted their price target for Texas Pacific Land to $842.50 from $842.50, reflecting steady expectations for strong revenue, resilient profit margins, and a sustained premium future P/E multiple. What's in the News Texas Pacific Land filed an amendment to its Certificate of Incorporation to implement a stock split and increase authorized common shares from 46,536,936 to 139,610,808, effective December 22, 2025, at 5:00 p.m. Eastern Time (company filing).
CVX
US$152.41
Chevron
7D
1.3%
1Y
5.2%

CVX: Future Dividend Capacity Will Be Driven By Strong Free Cash Flow

Analysts have nudged their average price target on Chevron higher by roughly $5 to reflect stronger than expected Q3 results, visible production growth and free cash flow support for dividend expansion, even as they modestly temper longer term revenue growth assumptions. Analyst Commentary Street research remains broadly constructive on Chevron, with a series of upward price target revisions reinforcing confidence in the company's capacity to sustain higher free cash flow, support dividend growth, and execute on its long term production plans.
VLO
US$162.79
Valero Energy
7D
-1.0%
1Y
32.8%

VLO: Capital Returns And Complex Refining Margins Will Shape Future Performance

Analysts have made a slight upward adjustment to their price target on Valero Energy to about $186 per share, citing the company’s complex refining capabilities, improving operating margins, and stronger than expected recent earnings performance as key drivers of the improved outlook. Analyst Commentary Recent Street research on Valero Energy reflects a generally constructive view on the stock, with multiple firms boosting price targets and initiating coverage at favorable ratings.
BTU
US$29.70
Peabody Energy
7D
-3.5%
1Y
41.8%

BTU Increased Metallurgical Coal Focus Will Drive Future Upside Potential

Analysts have raised their price target on Peabody Energy to $42 from $24, reflecting increased confidence in the company's faster revenue growth, improving profit margins, and slightly lower perceived risk profile. Analyst Commentary Bullish analysts view the latest price target hike for Peabody Energy as further validation that the market continues to underestimate the company’s earnings power and balance sheet resilience.
EQT
US$53.60
EQT
7D
-0.5%
1Y
16.2%

EQT LNG And Datacenter Demand Will Support Stronger Long Term Gas Pricing

EQT's analyst-derived fair value estimate has edged up by about $1 to roughly $80 per share as analysts grow more optimistic that structurally stronger U.S. gas demand, supported by LNG exports and power-hungry datacenters, will sustain attractive long-term pricing, despite modest tweaks to near-term growth and margin assumptions. Analyst Commentary Recent Street research underscores a constructive backdrop for EQT, with bullish analysts emphasizing both structural demand tailwinds and company specific advantages.
UEC
US$11.68
Uranium Energy
7D
-5.7%
1Y
74.6%
KMI
US$27.49
Kinder Morgan
7D
1.1%
1Y
0.3%
LNG
US$194.39
Cheniere Energy
7D
2.1%
1Y
-9.5%