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

U.S. Energy Sector Analysis

UpdatedJul 27, 2026
DataAggregated Company Financials
Companies433
  • 7D3.3%
  • 3M4.1%
  • 1Y34.0%
  • YTD29.5%

In the last week, the Energy industry is up 3.3%, with ExxonMobil Holdings up 4.3%. In the last 12 months, the industry was up 34%. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 28 Jul 2026US$3.0tUS$1.9tUS$124.6b17x24.4x1.6x
Thu, 25 Jun 2026US$2.8tUS$1.9tUS$125.0b15.6x22.3x1.5x
Sat, 23 May 2026US$3.0tUS$1.9tUS$124.9b16.8x24.1x1.6x
Mon, 20 Apr 2026US$2.8tUS$1.9tUS$131.9b17.1x21.5x1.5x
Wed, 18 Mar 2026US$2.9tUS$1.9tUS$130.6b17.8x22.5x1.6x
Fri, 13 Feb 2026US$2.8tUS$1.9tUS$128.6b16.8x21.8x1.5x
Sun, 11 Jan 2026US$2.4tUS$1.9tUS$126.3b15.9x19.1x1.3x
Tue, 09 Dec 2025US$2.4tUS$1.9tUS$124.8b15.6x19x1.3x
Thu, 06 Nov 2025US$2.3tUS$1.9tUS$127.0b14.1x17.8x1.2x
Sat, 04 Oct 2025US$2.3tUS$1.9tUS$125.9b14x18.4x1.3x
Mon, 01 Sep 2025US$2.3tUS$1.9tUS$126.4b13.7x18.5x1.3x
Wed, 30 Jul 2025US$2.3tUS$1.9tUS$132.7b12.7x17.5x1.2x
Fri, 27 Jun 2025US$2.3tUS$1.9tUS$134.4b12x16.7x1.2x
Sun, 25 May 2025US$2.2tUS$1.9tUS$134.3b11.6x16.1x1.1x
Tue, 22 Apr 2025US$2.1tUS$1.9tUS$143.7b11.1x14.9x1.1x
Thu, 20 Mar 2025US$2.4tUS$1.9tUS$143.8b13.1x16.6x1.3x
Sat, 15 Feb 2025US$2.4tUS$1.9tUS$154.9b12.3x15.5x1.2x
Mon, 13 Jan 2025US$2.3tUS$1.9tUS$158.5b12x14.8x1.2x
Wed, 11 Dec 2024US$2.4tUS$1.9tUS$158.5b11.8x15x1.2x
Fri, 08 Nov 2024US$2.4tUS$1.9tUS$161.5b12x15x1.3x
Sun, 06 Oct 2024US$2.4tUS$2.0tUS$175.7b12.1x13.8x1.2x
Tue, 03 Sep 2024US$2.3tUS$2.0tUS$172.2b11.5x13.6x1.2x
Thu, 01 Aug 2024US$2.3tUS$1.9tUS$173.9b11.8x13.5x1.2x
Sat, 29 Jun 2024US$2.3tUS$1.9tUS$176.1b11.2x13x1.2x
Mon, 27 May 2024US$2.3tUS$1.9tUS$174.8b11.1x13.1x1.2x
Wed, 24 Apr 2024US$2.5tUS$2.0tUS$206.2b10.6x11.9x1.2x
Fri, 22 Mar 2024US$2.4tUS$2.0tUS$206.3b9.9x11.5x1.2x
Sun, 18 Feb 2024US$2.2tUS$2.0tUS$215.2b9x10.2x1.1x
Tue, 16 Jan 2024US$2.2tUS$2.1tUS$242.2b8.6x9.2x1.1x
Thu, 14 Dec 2023US$2.2tUS$2.1tUS$242.4b8.4x8.9x1x
Sat, 11 Nov 2023US$2.2tUS$2.1tUS$242.7b8.7x9.1x1.1x
Mon, 09 Oct 2023US$2.3tUS$2.2tUS$272.8b7.3x8.4x1.1x
Wed, 06 Sep 2023US$2.4tUS$2.2tUS$272.6b7.8x8.8x1.1x
Fri, 04 Aug 2023US$2.6tUS$2.2tUS$275.7b7.9x9.5x1.2x
Price to Earnings Ratio

9.5x


Total Market Cap: US$2.6tTotal Earnings: US$275.7bTotal Revenue: US$2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Sector Price to Earnings3Y Average 15.4x202420252026
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 24.4x which is higher than its 3-year average PE of 15.3x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 24% per year over the last three years,
  • Revenues have also declined 5.1% 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-1.05%
Energy3.31%
Energy Services3.50%
Oil and Gas3.29%
Industry PE
  • Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 22.1x.
    • Analysts are expecting annual earnings growth of 21.2%, which is higher than its past year's earnings decline of 25.8% 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 14.9x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings decline of 26% 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$154.774.3%
+US$26.6b		38.9%PE25.3x
SLB SLBUS$51.5311.1%
+US$7.1b		43.1%PE24.7x
BKR Baker HughesUS$60.599.9%
+US$5.4b		30.2%PE19.4x
EQT EQTUS$52.006.0%
+US$1.8b		0.2%PE12x
FTI TechnipFMCUS$75.044.1%
+US$1.2b		103.8%PE27.6x

Latest News

OII
US$52.17
Oceaneering International
7D
21.8%
1Y
127.6%
SLB
US$51.53
SLB
7D
11.1%
1Y
43.1%
BKR
US$60.59
Baker Hughes
7D
9.9%
1Y
30.2%
EXE
US$90.51
Expand Energy
7D
4.1%
1Y
-7.8%
MGY
US$24.02
Magnolia Oil & Gas
7D
-5.9%
1Y
-1.8%
KMI
US$31.75
Kinder Morgan
7D
-2.5%
1Y
16.7%
XOM
US$154.77
ExxonMobil Holdings
7D
4.3%
1Y
38.9%
EQT
US$52.00
EQT
7D
6.0%
1Y
0.2%
VG
US$12.82
Venture Global
7D
-10.3%
1Y
-15.5%
Narrative Update • Jul 24

VG: Future LNG Contracts And Refinancing Plans Will Shape Balanced Outlook

Analysts have raised their price target on Venture Global from $12.26 to $16.32, citing updated assumptions that combine a lower discount rate, more moderate revenue growth, a higher profit margin outlook, and a reduced future P/E multiple. What’s in the News for Venture Global Venture Global LNG completed a US$2.26b offering of long dated senior secured notes due in 2034 and 2036 with coupons between 6.375% and 6.625%, using the proceeds to redeem higher cost 8.125% notes due 2028, while also adding leverage and interest costs (source: Venture Global Raises US$2.26b in Senior Secured Notes, Expands LNG Supply Contracts).
VLO
US$304.93
Valero Energy
7D
-2.7%
1Y
110.7%
Narrative Update • Jul 24

VLO: Elevated Refining Margins And Crack Spreads Will Drive Future Downside Risk

Valero Energy's analyst price target has been revised higher to $202.68 from $170.00, as analysts factor in tighter global refining conditions, stronger projected refining margins supported by higher strip cracks, and a generally constructive sector outlook reflected in a series of recent target hikes across major research firms. Analyst Commentary Street research on Valero Energy has become more constructive overall, with several firms lifting price targets on the back of tighter refining markets, higher strip cracks and updated commodity assumptions.
WMB
US$70.79
Williams Companies
7D
-4.5%
1Y
23.1%
HAL
US$32.13
Halliburton
7D
-8.5%
1Y
40.7%
Seeking Alpha • Jul 23

Halliburton: Q2 Sell-Off Creates A Buying Opportunity

Summary Halliburton remains a strong buy after Q2 results, despite a sharp sell-off driven by Middle East concerns and flat-to-down near-term guidance. Significant international contract wins, especially in Iraq and with Aramco, plus technology exports like Zeus electric fleets, underpin long-term growth and margin expansion. Q2 beat on EPS ($0.55) and revenue ($5.7B); strong North American stimulation and South American growth offset some regional softness and margin compression. HAL trades at an EV/EBITDA discount to peers; with upside to $44–$53 if EPS targets are met, I see current levels as a buy/add point, especially on further dips. Read the full article on Seeking Alpha
OKE
US$89.46
ONEOK
7D
-4.4%
1Y
9.4%
Narrative Update • Jul 22

OKE: Raised Guidance And Mixed Basin Outlook Will Shape 2026 Returns

Analysts have lifted the fair value estimate for ONEOK to $88 from $84, reflecting updated views on a slightly lower discount rate, a modestly weaker revenue outlook, a higher profit margin profile, and a revised future P/E assumption that aligns with recent shifts in Street price targets and mixed rating changes across the midstream group. Analyst Commentary Recent Street research on ONEOK shows a split view, with some firms lifting price targets while others are dialing back expectations or taking a more cautious stance.
FTI
US$75.04
TechnipFMC
7D
4.1%
1Y
103.8%
Narrative Update • Jul 21

FTI: Expanding Subsea Contract Backlog And Buybacks Will Support Future Upside

Analysts have trimmed the TechnipFMC fair value estimate to $87 from $90, as slightly higher discount rate assumptions offset modestly stronger outlooks for revenue growth, profit margins, and future P/E multiples supported by a series of recent price target revisions across the Street. Analyst Commentary Street research on TechnipFMC has leaned constructive, with several bullish analysts revising price targets higher and pointing to specific drivers that they view as supportive for the stock's valuation and execution outlook.
TRGP
US$267.64
Targa Resources
7D
-5.2%
1Y
60.0%
LNG
US$255.88
Cheniere Energy
7D
-3.4%
1Y
12.0%