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

U.S. Energy Sector Analysis

UpdatedMar 05, 2026
DataAggregated Company Financials
Companies438
  • 7D2.7%
  • 3M21.2%
  • 1Y28.6%
  • YTD22.0%

Over the last 7 days, the Energy industry has risen 2.7%, and Valero Energy contributed the most with a gain of 13%. Meanwhile, SLB actually underperformed within the industry, shrinking 7.3% in the last week. This takes the industry's 12 month performance to a gain of 29%. 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, 05 Mar 2026US$2.9tUS$1.9tUS$130.6b17.8x22.1x1.5x
Sat, 31 Jan 2026US$2.6tUS$1.9tUS$126.5b16.8x20.7x1.4x
Mon, 29 Dec 2025US$2.3tUS$1.9tUS$126.3b14.9x18.2x1.2x
Wed, 26 Nov 2025US$2.3tUS$1.9tUS$124.7b15.4x18.4x1.2x
Fri, 24 Oct 2025US$2.3tUS$1.9tUS$125.4b14.4x18.3x1.2x
Sun, 21 Sep 2025US$2.3tUS$1.9tUS$125.9b13.6x18.3x1.2x
Tue, 19 Aug 2025US$2.2tUS$1.9tUS$126.3b13.1x17.7x1.2x
Thu, 17 Jul 2025US$2.3tUS$1.9tUS$134.2b11.8x17.1x1.2x
Sat, 14 Jun 2025US$2.3tUS$1.9tUS$134.4b12.6x17.1x1.2x
Mon, 12 May 2025US$2.2tUS$1.9tUS$135.2b11.7x15.9x1.1x
Wed, 09 Apr 2025US$2.0tUS$1.9tUS$143.8b10.7x14.2x1.1x
Fri, 07 Mar 2025US$2.3tUS$1.9tUS$144.4b12.2x15.6x1.2x
Sun, 02 Feb 2025US$2.4tUS$1.9tUS$158.3b12.4x15x1.2x
Tue, 31 Dec 2024US$2.2tUS$1.9tUS$158.3b11.7x14.2x1.2x
Thu, 28 Nov 2024US$2.5tUS$1.9tUS$158.5b12.3x15.6x1.3x
Sat, 26 Oct 2024US$2.3tUS$2.0tUS$173.1b11.3x13.5x1.2x
Mon, 23 Sep 2024US$2.3tUS$2.0tUS$172.6b11.8x13.3x1.2x
Wed, 21 Aug 2024US$2.3tUS$2.0tUS$172.2b11.2x13.5x1.2x
Fri, 19 Jul 2024US$2.4tUS$1.9tUS$176.0b11.8x13.4x1.2x
Sun, 16 Jun 2024US$2.2tUS$1.9tUS$176.1b11.1x12.5x1.1x
Tue, 14 May 2024US$2.3tUS$1.9tUS$175.2b11.5x13.3x1.2x
Thu, 11 Apr 2024US$2.5tUS$2.0tUS$206.1b11x12.1x1.3x
Sat, 09 Mar 2024US$2.3tUS$2.0tUS$207.0b9.3x10.9x1.1x
Mon, 05 Feb 2024US$2.2tUS$2.0tUS$229.0b8.4x9.7x1.1x
Wed, 03 Jan 2024US$2.3tUS$2.1tUS$242.2b8.6x9.4x1.1x
Fri, 01 Dec 2023US$2.2tUS$2.1tUS$242.5b8.7x9.3x1.1x
Sun, 29 Oct 2023US$2.3tUS$2.1tUS$252.4b7.8x9x1.1x
Tue, 26 Sep 2023US$2.4tUS$2.2tUS$272.6b7.7x8.8x1.1x
Thu, 24 Aug 2023US$2.3tUS$2.2tUS$272.4b7.6x8.5x1.1x
Sat, 22 Jul 2023US$2.6tUS$2.4tUS$317.6b7.2x8.1x1.1x
Mon, 19 Jun 2023US$2.5tUS$2.4tUS$315.8b7.2x7.8x1x
Wed, 17 May 2023US$2.1tUS$2.4tUS$316.0b6.7x6.5x0.9x
Fri, 14 Apr 2023US$2.3tUS$2.4tUS$279.2b6.8x8.1x1x
Sun, 12 Mar 2023US$2.2tUS$2.4tUS$280.4b6.8x7.7x0.9x
Price to Earnings Ratio

7.7x


Total Market Cap: US$2.2tTotal Earnings: US$280.4bTotal 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 22.1x 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-1.22%
Energy2.66%
Oil and Gas3.51%
Energy Services-4.20%
Industry PE
  • Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 23.6x.
    • Analysts are expecting annual earnings growth of 17.8%, 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
VLO Valero EnergyUS$225.6013.0%
+US$7.8b		85.3%PE28.8x
MPC Marathon PetroleumUS$220.7712.8%
+US$7.3b		63.4%PE16.1x
COP ConocoPhillipsUS$115.655.1%
+US$6.9b		30.1%PE17.8x
PSX Phillips 66US$164.728.4%
+US$5.1b		37.6%PE15x
LNG Cheniere EnergyUS$248.9812.8%
+US$4.8b		14.4%PE9.8x

Latest News

WHD
US$50.02
Cactus
7D
-13.8%
1Y
5.5%
TTI
US$8.60
TETRA Technologies
7D
-22.8%
1Y
153.7%

TTI: Desalination Growth Will Drive Long-Term Upside Beyond Recent Downgrade

Analysts recently lifted their price target on TETRA Technologies to $13 from $9, citing what they see as a stronger long term growth opportunity in water desalination, along with slightly adjusted assumptions for discount rate, revenue growth, profit margin, and future P/E in their valuation work. Analyst Commentary Recent research on TETRA Technologies highlights a mix of views, but the latest bullish work has focused on how water desalination could factor into the long term story and valuation framework.
VG
US$11.16
Venture Global
7D
19.9%
1Y
-21.6%
BKR
US$60.88
Baker Hughes
7D
-6.1%
1Y
43.9%
LNG
US$248.98
Cheniere Energy
7D
12.8%
1Y
14.4%
VLO
US$225.60
Valero Energy
7D
13.0%
1Y
85.3%
NESR
US$22.59
National Energy Services Reunited
7D
-12.8%
1Y
188.5%

NESR: Jafurah Execution Risk Will Likely Challenge Current Share Price

The analyst price target for National Energy Services Reunited has been lifted materially, with recent Street updates now clustering in the low $30s, as analysts adjust models for stronger Q4 results, higher assumed revenue growth and margins, and continued contribution from the Jafurah project and Middle East upstream spending. Analyst Commentary Recent research updates on National Energy Services Reunited have centered on stronger Q4 results, early benefits from the Jafurah project, and exposure to elevated Middle East upstream spending.
FTI
US$65.27
TechnipFMC
7D
-1.3%
1Y
145.8%

FTI: Rising Subsea Margin Hurdles Will Challenge Already Elevated Share Price

We are lifting our TechnipFMC fair value estimate to $41.37 from $37.73 as analysts point to higher long run revenue growth assumptions and stronger Subsea margin potential, which is reflected in rising Street price targets across multiple firms. Analyst Commentary Street research on TechnipFMC has been active, with many firms revisiting their models after recent results and updated 2026 guidance.
CVX
US$186.03
Chevron
7D
1.0%
1Y
23.4%

Chevron Corporation (CVX): The Integrated Titan – Scaling Guyana and the Permian for a Decade of Cash Flow

Chevron (CVX) stands as a premier pillar of the global energy sector as we open March 2026, with the stock closing at $186.75 on February 27. The company has successfully navigated the most significant strategic shift in its recent history by fully integrating Hess Corporation , a $53 billion merger that closed in July 2025 after a favorable arbitration ruling regarding the crown-jewel Stabroek Block in Guyana.
SLB
US$47.89
SLB
7D
-7.3%
1Y
21.5%
PSX
US$164.72
Phillips 66
7D
8.4%
1Y
37.6%

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.
MPC
US$220.77
Marathon Petroleum
7D
12.8%
1Y
63.4%

MPC: Refining Margins And Capital Returns Will Shape Balanced Future Outcomes

Analysts have nudged their average price targets on Marathon Petroleum higher, with recent changes ranging from a $1 lift at the low end to a $28 increase at the high end. These moves reflect updated views on refining fundamentals, margins and longer term P/E assumptions.
HAL
US$34.43
Halliburton
7D
-2.4%
1Y
42.3%

HAL: Venezuela Euphoria And U.S. Land Headwinds Will Pressure Future Returns

Analysts have modestly lifted their fair value estimate for Halliburton to $28.33. This change is supported by a series of higher Street price targets that reflect updated views on revenue trends, profit margins and future P/E assumptions.
WFRD
US$95.80
Weatherford International
7D
-8.7%
1Y
74.9%

WFRD: Offshore Contract Wins And Venezuela Optionality Will Support Future Margin Strength

Analysts have lifted their fair value estimate for Weatherford International from $83.73 to $105.36, citing recent price target increases from several banks and updated assumptions that include a slightly lower discount rate, a marginally different revenue growth outlook, higher expected profit margins, and a higher future P/E multiple. Analyst Commentary Recent Street research around Weatherford International has centered on a cluster of price target revisions, with several firms adjusting their views within a relatively short window.
COP
US$115.65
ConocoPhillips
7D
5.1%
1Y
30.1%
XOM
US$149.82
Exxon Mobil
7D
0.5%
1Y
42.1%