Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Energy Sector Analysis

UpdatedMar 01, 2026
DataAggregated Company Financials
Companies438
  • 7D1.7%
  • 3M21.8%
  • 1Y20.6%
  • YTD21.1%

Over the last 7 days, the Energy industry has risen 1.7%, driven by gains from Exxon Mobil of 3.5%. During this same period, the ONEOK underperformed, falling 5.2%. In the last 12 months, the industry was up 21%. 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
Sun, 01 Mar 2026US$2.9tUS$1.9tUS$130.8b17.4x21.8x1.5x
Tue, 27 Jan 2026US$2.6tUS$1.9tUS$126.0b16.2x20.2x1.4x
Thu, 25 Dec 2025US$2.3tUS$1.9tUS$126.3b14.9x18.3x1.2x
Sat, 22 Nov 2025US$2.3tUS$1.9tUS$125.2b15.6x18.3x1.2x
Mon, 20 Oct 2025US$2.2tUS$1.9tUS$125.4b13.3x17.9x1.2x
Wed, 17 Sep 2025US$2.3tUS$1.9tUS$125.9b14x18.3x1.2x
Fri, 15 Aug 2025US$2.2tUS$1.9tUS$126.3b13.2x17.8x1.2x
Sun, 13 Jul 2025US$2.3tUS$1.9tUS$134.5b12.1x17.4x1.2x
Tue, 10 Jun 2025US$2.2tUS$1.9tUS$134.4b11.7x16.5x1.2x
Thu, 08 May 2025US$2.1tUS$1.9tUS$135.0b11.3x15.7x1.1x
Sat, 05 Apr 2025US$2.3tUS$1.9tUS$143.8b11.3x15.8x1.2x
Mon, 03 Mar 2025US$2.4tUS$1.9tUS$144.4b12.8x16.5x1.3x
Wed, 29 Jan 2025US$2.4tUS$1.9tUS$159.4b12.4x15.3x1.3x
Fri, 27 Dec 2024US$2.3tUS$1.9tUS$158.3b11.7x14.2x1.2x
Sun, 24 Nov 2024US$2.5tUS$1.9tUS$158.6b12.2x15.8x1.3x
Tue, 22 Oct 2024US$2.3tUS$2.0tUS$175.9b11.5x13.3x1.2x
Thu, 19 Sep 2024US$2.3tUS$2.0tUS$172.6b11.6x13.2x1.2x
Sat, 17 Aug 2024US$2.3tUS$2.0tUS$172.2b11.6x13.5x1.2x
Mon, 15 Jul 2024US$2.3tUS$1.9tUS$176.1b11.5x13.1x1.2x
Wed, 12 Jun 2024US$2.3tUS$1.9tUS$176.3b11.5x12.9x1.2x
Fri, 10 May 2024US$2.3tUS$1.9tUS$175.3b11.4x13.3x1.2x
Sun, 07 Apr 2024US$2.5tUS$2.0tUS$206.0b11x12.2x1.3x
Tue, 05 Mar 2024US$2.2tUS$2.0tUS$207.2b9x10.7x1.1x
Thu, 01 Feb 2024US$2.3tUS$2.1tUS$238.2b8.6x9.6x1.1x
Sat, 30 Dec 2023US$2.3tUS$2.1tUS$242.2b8.5x9.3x1.1x
Mon, 27 Nov 2023US$2.3tUS$2.1tUS$242.5b8.8x9.4x1.1x
Wed, 25 Oct 2023US$2.4tUS$2.2tUS$273.4b7.4x8.6x1.1x
Fri, 22 Sep 2023US$2.4tUS$2.2tUS$272.6b7.6x8.7x1.1x
Sun, 20 Aug 2023US$2.7tUS$2.2tUS$272.4b7.8x9.9x1.2x
Tue, 18 Jul 2023US$2.5tUS$2.4tUS$315.8b6.8x7.9x1.1x
Thu, 15 Jun 2023US$2.4tUS$2.4tUS$315.8b7x7.7x1x
Sat, 13 May 2023US$2.1tUS$2.4tUS$316.0b6.4x6.6x0.9x
Mon, 10 Apr 2023US$2.2tUS$2.4tUS$279.2b6.9x8x0.9x
Wed, 08 Mar 2023US$2.3tUS$2.4tUS$280.7b7.3x8x1x
Price to Earnings Ratio

8x


Total Market Cap: US$2.3tTotal Earnings: US$280.7bTotal Revenue: US$2.4tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Sector Price to Earnings3Y Average 13.3x202420252026
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 21.8x which is higher than its 3-year average PE of 13.3x.
  • 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 22% per year over the last three years,
  • Revenues have also declined 7.4% 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-0.57%
Energy1.73%
Energy Services2.16%
Oil and Gas1.68%
Industry PE
  • Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 23.7x.
    • Analysts are expecting annual earnings growth of 18.3%, which is higher than its past year's earnings decline of 36.8% 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 12.9x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings decline of 37% 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$152.503.5%
+US$21.8b		37.0%PE22x
CVX ChevronUS$186.761.5%
+US$8.5b		17.7%PE30.3x
COP ConocoPhillipsUS$113.462.7%
+US$3.6b		14.4%PE17.4x
BKR Baker HughesUS$65.264.9%
+US$3.0b		46.4%PE24.9x
WMB Williams CompaniesUS$74.722.4%
+US$2.1b		28.4%PE34.9x

Latest News

TTI
US$8.66
TETRA Technologies
7D
-22.1%
1Y
128.5%
CVX
US$186.76
Chevron
7D
1.5%
1Y
17.7%
PR
US$18.29
Permian Resources
7D
1.8%
1Y
29.8%
WMB
US$74.72
Williams Companies
7D
2.4%
1Y
28.4%
CTRA
US$30.59
Coterra Energy
7D
-2.2%
1Y
13.3%
FANG
US$174.08
Diamondback Energy
7D
-1.1%
1Y
9.5%
WHD
US$54.00
Cactus
7D
-7.6%
1Y
2.8%

WHD: International Expansion May Usher In New Era Of Transformative Growth

Analysts have raised their price target on Cactus from $57.00 to about $69.54, citing expectations for a “new era of transformative growth” supported by international expansion of the Surface Pressure Control business and potential margin optimization across U.S. and overseas markets. Analyst Commentary Bullish analysts are framing the recent price target increase on Cactus as part of a broader re-rating story tied to execution on international expansion and profitability.
OVV
US$50.59
Ovintiv
7D
0.02%
1Y
16.4%
PSX
US$154.33
Phillips 66
7D
-0.9%
1Y
19.0%

PSX: Future Cash Flows Will Reflect Midstream Expansion And Venezuela Crude Sourcing Shift

Our Phillips 66 fair value estimate edges up by about $2 to $157.55 as analysts lift price targets toward $158, pointing to updated models after recent results and a constructive view on midstream growth prospects for FY25 and FY26. Analyst Commentary Recent Street research around Phillips 66 is clustered around updated models and revised price targets, with most activity tied to Q4 reporting and views on midstream fundamentals heading into FY25 and FY26.
OKE
US$82.77
ONEOK
7D
-5.2%
1Y
-17.6%
TPL
US$524.29
Texas Pacific Land
7D
4.9%
1Y
10.1%

TPL: Overvaluation Will Persist Despite Stock Split And Higher Future P/E

Analysts have lifted their price target on Texas Pacific Land from about $281 to roughly $445, reflecting updated views on fair value, revenue growth assumptions, profit margins and future P/E expectations. What's in the News On February 10, 2026, Texas Pacific Land's board declared a quarterly cash dividend of $0.60 per share, payable on March 16, 2026 to stockholders of record on March 2, 2026, which is described as a 12.5% increase from the prior quarter regular dividend (company filing).
BKR
US$65.26
Baker Hughes
7D
4.9%
1Y
46.4%

BKR: IET Execution And Energy Transition Deals Will Support Fairly Valued Outlook

The analyst fair value estimate for Baker Hughes has moved modestly higher to $60.80. The shift is supported by a series of recent price target increases from major firms that point to recalibrated assumptions around long term earnings power and sector positioning.
DVN
US$43.53
Devon Energy
7D
-1.9%
1Y
20.2%

DVN: Coterra Merger Execution Risk Will Drive Future Downside Potential

Analysts have raised their blended price target on Devon Energy by about $2. The change reflects recent Q4 production and EPS beats, broadly higher Street targets in the $45 to $52 range, and expectations that the planned Coterra merger remains on track.
COP
US$113.46
ConocoPhillips
7D
2.7%
1Y
14.4%
XOM
US$152.50
Exxon Mobil
7D
3.5%
1Y
37.0%
UEC
US$15.33
Uranium Energy
7D
-5.7%
1Y
173.8%