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U.S. Energy Sector Analysis

UpdatedMar 11, 2026
DataAggregated Company Financials
Companies436
  • 7D-1.6%
  • 3M20.2%
  • 1Y26.2%
  • YTD20.6%

Over the last 7 days, the Energy industry has dropped 1.6%, driven by Exxon Mobil declining 2.4%. In the past year, the industry has gained 26%. 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
Wed, 11 Mar 2026US$2.9tUS$1.9tUS$130.6b17.3x22x1.5x
Fri, 06 Feb 2026US$2.7tUS$1.9tUS$129.1b15.2x20.9x1.5x
Sun, 04 Jan 2026US$2.4tUS$1.9tUS$126.3b15.5x18.8x1.3x
Tue, 02 Dec 2025US$2.3tUS$1.9tUS$124.8b15.4x18.8x1.3x
Thu, 30 Oct 2025US$2.3tUS$1.9tUS$128.1b14.6x17.8x1.2x
Sat, 27 Sep 2025US$2.4tUS$1.9tUS$125.9b14.3x18.9x1.3x
Mon, 25 Aug 2025US$2.3tUS$1.9tUS$126.2b13.4x18.2x1.2x
Wed, 23 Jul 2025US$2.2tUS$1.9tUS$131.8b12.1x17x1.2x
Fri, 20 Jun 2025US$2.3tUS$1.9tUS$134.4b12.5x17.4x1.2x
Sun, 18 May 2025US$2.2tUS$1.9tUS$134.5b11.7x16.7x1.2x
Tue, 15 Apr 2025US$2.1tUS$1.9tUS$143.8b11.4x14.4x1.1x
Thu, 13 Mar 2025US$2.3tUS$1.9tUS$144.1b12.3x15.8x1.2x
Sat, 08 Feb 2025US$2.4tUS$1.9tUS$155.7b12.4x15.3x1.2x
Mon, 06 Jan 2025US$2.3tUS$1.9tUS$158.6b11.9x14.7x1.2x
Wed, 04 Dec 2024US$2.5tUS$1.9tUS$158.5b12.2x15.6x1.3x
Fri, 01 Nov 2024US$2.3tUS$1.9tUS$166.4b11.4x13.9x1.2x
Sun, 29 Sep 2024US$2.3tUS$2.0tUS$172.6b11.4x13.2x1.2x
Tue, 27 Aug 2024US$2.3tUS$2.0tUS$172.2b11.3x13.4x1.2x
Thu, 25 Jul 2024US$2.3tUS$1.9tUS$175.8b11.5x13x1.2x
Sat, 22 Jun 2024US$2.3tUS$1.9tUS$176.0b11.2x12.8x1.2x
Mon, 20 May 2024US$2.4tUS$1.9tUS$174.8b11.7x13.5x1.2x
Wed, 17 Apr 2024US$2.4tUS$2.0tUS$206.1b10.4x11.8x1.2x
Fri, 15 Mar 2024US$2.3tUS$2.0tUS$206.5b9.5x11.2x1.2x
Sun, 11 Feb 2024US$2.1tUS$2.0tUS$218.6b8.7x9.8x1.1x
Tue, 09 Jan 2024US$2.3tUS$2.1tUS$242.2b8.6x9.4x1.1x
Thu, 07 Dec 2023US$2.2tUS$2.1tUS$242.5b8.3x9x1.1x
Sat, 04 Nov 2023US$2.3tUS$2.0tUS$246.5b8.7x9.4x1.1x
Mon, 02 Oct 2023US$2.4tUS$2.2tUS$272.7b7.5x8.8x1.1x
Wed, 30 Aug 2023US$2.3tUS$2.2tUS$272.6b7.5x8.6x1.1x
Fri, 28 Jul 2023US$2.6tUS$2.4tUS$315.4b7.3x8.3x1.1x
Sun, 25 Jun 2023US$2.4tUS$2.4tUS$315.8b6.8x7.6x1x
Tue, 23 May 2023US$2.4tUS$2.4tUS$315.9b7x7.7x1x
Thu, 20 Apr 2023US$2.2tUS$2.4tUS$279.2b6.9x8.1x0.9x
Sat, 18 Mar 2023US$2.0tUS$2.4tUS$280.7b6.5x7.2x0.9x
Price to Earnings Ratio

7.2x


Total Market Cap: US$2.0tTotal Earnings: US$280.7bTotal Revenue: US$2.4tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Sector Price to Earnings3Y Average 13.4x202420252026
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 22.0x which is higher than its 3-year average PE of 13.4x.
  • 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 23% 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-0.62%
Energy-1.60%
Energy Services-1.58%
Oil and Gas-1.60%
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 18.3%, which is higher than its past year's earnings decline of 33.1% 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 13.0x.
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 33% 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
PSX Phillips 66US$162.501.7%
+US$1.1b		31.5%PE14.8x
MPC Marathon PetroleumUS$215.231.5%
+US$957.9m		59.8%PE15.7x
SOC Sable OffshoreUS$14.4154.3%
+US$746.5m		-37.5%PB4x
CHRD Chord EnergyUS$119.036.0%
+US$380.3m		15.3%PE146.5x
SEI Solaris Energy InfrastructureUS$54.0313.5%
+US$341.5m		143.0%PE99.3x

Latest News

COP
US$114.15
ConocoPhillips
7D
-3.7%
1Y
19.6%
PSX
US$162.50
Phillips 66
7D
1.7%
1Y
31.5%
WMB
US$73.84
Williams Companies
7D
-2.7%
1Y
34.4%

WMB: Power Expansion And Gas Assets Will Shape Balanced Long Term Returns

The analyst fair value estimate for Williams Companies has been raised from $68.22 to $76.75, reflecting higher Street price targets in the $71 to $90 range as analysts incorporate updated models, growth capex plans and expectations for continued EBITDA strength. Analyst Commentary Street research on Williams Companies has clustered around higher price targets and generally constructive views, with most of the recent updates tied to refreshed models, growth capex plans and EBITDA expectations through and beyond 2030.
BKR
US$59.34
Baker Hughes
7D
-5.1%
1Y
41.8%

BKR: IET Execution And Waygate Review Will Support Fairly Valued Outlook

Analysts have nudged their average price target for Baker Hughes higher to about $61.38, reflecting updated views that slightly stronger revenue growth, modestly higher profit margins, and a similar forward P/E profile are supported by a recent wave of upward target revisions across major research firms. Analyst Commentary Recent research has clustered around upward price target revisions, with only one modest cut, giving you a fairly clear snapshot of how the Street is thinking about Baker Hughes today.
CHRD
US$119.03
Chord Energy
7D
6.0%
1Y
15.3%

CHRD: Bakken Scale And Buybacks Will Meet Mixed Macro And Geopolitical Risks

Analysts have raised their blended price target for Chord Energy to $128.65 from $124.11, reflecting updated views on geopolitical risk, commodity price assumptions and valuation multiples across recent research. Analyst Commentary Recent research on Chord Energy reflects a split between bullish analysts who are lifting price targets on changing commodity assumptions and geopolitical risk, and bearish analysts who are trimming targets or downgrading as they reassess macro drivers and valuation.
PR
US$18.72
Permian Resources
7D
1.8%
1Y
45.6%
OVV
US$52.90
Ovintiv
7D
2.1%
1Y
35.9%

OVV: Updated Outlook Will Balance Production Guidance With Fair Value Assumptions

Analysts have raised the price target for Ovintiv to $57, up from $51.82, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News Ovintiv reported that from October 1, 2025 to December 31, 2025, it repurchased 0 shares for $0 million under its existing buyback program, bringing total repurchases under the September 29, 2025 authorization to 0 shares for $0 million (Key Developments).
SEI
US$54.03
Solaris Energy Infrastructure
7D
13.5%
1Y
143.0%

SEI: Hyperscaler Power Contracts And Data Center Deals Will Drive Future Upside

Analysts have nudged their average price target for Solaris Energy Infrastructure higher to $67.40 from $66.10, reflecting recent coverage initiations and target increases that point to confidence in its hyperscaler power contracting model and new data center agreements. Analyst Commentary Bullish Takeaways Bullish analysts highlight Solaris Energy Infrastructure's "speed to power" capability as a key differentiator, seeing its ability to quickly bring power online for hyperscalers as central to the investment case and a core driver of their valuation work.
AESI
US$12.40
Atlas Energy Solutions
7D
25.1%
1Y
-29.0%
CVX
US$186.29
Chevron
7D
-1.3%
1Y
20.9%

CVX: Venezuela Policy And Permian Cash Generation Will Influence Future Dividend Resilience

Chevron's fair value estimate has been nudged higher to $185.92 from $183.46 as analysts point to higher price targets and see support from stronger cash generation potential, renewed exploration plans, and a tighter crude supply backdrop linked to geopolitical risks. Analyst Commentary Recent Street research around Chevron highlights a split view on how sustainable the current setup is for the shares, with several price target increases sitting alongside a few cuts and downgrades.
XOM
US$148.13
Exxon Mobil
7D
-2.4%
1Y
35.7%

XOM: Geopolitical Supply Risks And Refining Execution Will Shape Returns

Exxon Mobil's fair value estimate edges up from $140.92 to $144.25 as analysts lift price targets across the board, pointing to higher crude price assumptions tied to Middle East tensions and a modest re rating in the stock's future P/E multiple, despite slightly softer long run growth and margin inputs. Analyst Commentary Recent Street research around Exxon Mobil clusters into two camps, with bullish analysts focusing on higher crude assumptions and multiple expansion, and more cautious voices highlighting valuation risk and a weaker fundamental backdrop for oil.
TRGP
US$232.47
Targa Resources
7D
-4.7%
1Y
28.3%
SOC
US$14.41
Sable Offshore
7D
54.3%
1Y
-37.5%
EXE
US$104.67
Expand Energy
7D
-3.1%
1Y
4.4%

EXE: Interim Leadership And Cleaner Completions Program Will Support Bullish Outlook

Analysts have trimmed their price target on Expand Energy from $131.25 to about $130.32. They factored in updated assumptions around slightly weaker revenue growth, a modestly lower profit margin outlook and a small adjustment to future P/E expectations.
KMI
US$32.96
Kinder Morgan
7D
-2.9%
1Y
24.8%

KMI: Western Gateway And Dividend Outlook Will Shape Future Return Balance

The analyst price target for Kinder Morgan has increased by about $0.30 to roughly $32.05 per share, as analysts factor in refreshed models following the Q4 report and a modest adjustment to the longer term P/E assumption. Analyst Commentary Recent Street research on Kinder Morgan has been clustered around higher price targets and refreshed modeling work following the Q4 report.
MPC
US$215.23
Marathon Petroleum
7D
1.5%
1Y
59.8%

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.