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U.S. Energy Services Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies82
  • 7D0.7%
  • 3M17.0%
  • 1Y-1.6%
  • YTD1.7%

The Energy Services is pretty flat in the last 7 days, but Tidewater has stood out, gaining 7.5%. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Nov 2025US$214.1bUS$165.4bUS$8.7b16.5x24.5x1.3x
Thu, 16 Oct 2025US$193.7bUS$166.1bUS$10.0b14.3x19.3x1.2x
Sat, 13 Sep 2025US$203.1bUS$166.2bUS$10.0b15.1x20.2x1.2x
Mon, 11 Aug 2025US$186.0bUS$166.1bUS$10.0b12.2x18.5x1.1x
Wed, 09 Jul 2025US$186.7bUS$170.2bUS$12.1b11.9x15.4x1.1x
Fri, 06 Jun 2025US$177.9bUS$171.1bUS$12.2b11x14.6x1x
Sun, 04 May 2025US$177.8bUS$170.2bUS$12.4b10.9x14.3x1x
Tue, 01 Apr 2025US$208.8bUS$170.7bUS$13.4b13x15.5x1.2x
Thu, 27 Feb 2025US$213.2bUS$171.3bUS$13.3b13.8x16.1x1.2x
Sat, 25 Jan 2025US$231.2bUS$170.3bUS$13.7b15.4x16.9x1.4x
Mon, 23 Dec 2024US$201.8bUS$168.9bUS$13.5b14.7x14.9x1.2x
Wed, 20 Nov 2024US$225.1bUS$168.9bUS$13.5b16.6x16.6x1.3x
Fri, 18 Oct 2024US$217.5bUS$165.7bUS$14.7b18.2x14.8x1.3x
Sun, 15 Sep 2024US$204.1bUS$165.8bUS$14.8b17x13.8x1.2x
Tue, 13 Aug 2024US$223.0bUS$166.6bUS$14.4b17.5x15.5x1.3x
Thu, 11 Jul 2024US$229.8bUS$164.6bUS$13.9b14.3x16.5x1.4x
Sat, 08 Jun 2024US$225.3bUS$164.6bUS$13.9b14.2x16.2x1.4x
Mon, 06 May 2024US$237.7bUS$165.5bUS$13.9b13.6x17.2x1.4x
Wed, 03 Apr 2024US$255.7bUS$162.2bUS$13.5b16.1x19x1.6x
Fri, 01 Mar 2024US$220.9bUS$160.9bUS$13.3b15.4x16.7x1.4x
Sun, 28 Jan 2024US$235.2bUS$163.6bUS$12.3b16.2x19.1x1.4x
Tue, 26 Dec 2023US$238.6bUS$160.7bUS$12.1b16.1x19.7x1.5x
Thu, 23 Nov 2023US$237.7bUS$160.7bUS$12.1b17.8x19.6x1.5x
Sat, 21 Oct 2023US$258.8bUS$156.7bUS$11.5b15.4x22.6x1.7x
Mon, 18 Sep 2023US$268.8bUS$155.2bUS$11.2b17.9x24.1x1.7x
Wed, 16 Aug 2023US$620.8bUS$155.2bUS$11.2b15.2x55.6x4x
Fri, 14 Jul 2023US$561.7bUS$147.7bUS$8.5b21.3x66x3.8x
Sun, 11 Jun 2023US$524.5bUS$148.1bUS$8.5b18.4x61.7x3.5x
Tue, 09 May 2023US$198.6bUS$147.1bUS$8.3b16.9x23.8x1.4x
Thu, 06 Apr 2023US$212.7bUS$138.3bUS$5.4b25.3x39.2x1.5x
Sat, 04 Mar 2023US$242.0bUS$138.2bUS$5.2b28.1x46.1x1.8x
Mon, 30 Jan 2023US$240.1bUS$133.9bUS$3.4b23.5x70.1x1.8x
Wed, 28 Dec 2022US$224.5bUS$129.7bUS$3.0b24.2x76x1.7x
Fri, 25 Nov 2022US$218.5bUS$129.4bUS$2.8b23.3x77.1x1.7x
Price to Earnings Ratio

77.1x


Total Market Cap: US$218.5bTotal Earnings: US$2.8bTotal Revenue: US$129.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Services Industry Price to Earnings3Y Average 27.4x202320242025
Current Industry PE
  • Investors are pessimistic on the American Energy Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 24.5x which is lower than its 3-year average PE of 27.5x.
  • The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Energy Services industry have grown 45% per year over the last three years.
  • Revenues for these companies have grown 8.5% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Energy industry?

US Market-0.39%
Energy2.37%
Energy Services0.67%
Oil and Gas Drilling2.80%
Oil and Gas Services0.43%
Industry PE
  • Investors are most optimistic about the Oil and Gas Services industry even though it's trading below its 3-year average PE ratio of 23.3x.
    • Analysts are expecting annual earnings growth of 11.9%, which is higher than its past year's earnings decline of 17.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 46% over the next 5 years.
  • This is better than its past earnings decline of 59% per year.
  • In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 12% 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
TDW TidewaterUS$58.777.5%
+US$202.7m		15.3%PE19.2x
NE NobleUS$30.323.9%
+US$181.1m		-9.7%PE21.2x
SDRL SeadrillUS$30.075.9%
+US$104.2m		-25.5%PE55.2x
HP Helmerich & PayneUS$27.833.7%
+US$99.4m		-17.3%PS0.8x
INVX Innovex InternationalUS$22.086.4%
+US$91.7m		32.0%PE15.1x

Latest News

TDW
US$58.77
Tidewater
7D
7.5%
1Y
15.3%
INVX
US$22.08
Innovex International
7D
6.4%
1Y
32.0%

Innovex International, Inc. (NYSE:INVX) Surges 26% Yet Its Low P/E Is No Reason For Excitement

Nov 16
Innovex International, Inc. (NYSE:INVX) Surges 26% Yet Its Low P/E Is No Reason For Excitement
WHD
US$41.65
Cactus
7D
-4.0%
1Y
-36.8%

WHD: Profit Margin Recovery And Discount Rate Will Support Higher Share Prices

Analysts have updated their price target for Cactus, maintaining the fair value estimate at $48.38. They have adjusted expectations based on lowered profit margin projections and a higher anticipated future price-to-earnings ratio.
NESR
US$13.75
National Energy Services Reunited
7D
4.4%
1Y
61.6%
WFRD
US$72.20
Weatherford International
7D
-3.7%
1Y
-13.4%
SEI
US$45.21
Solaris Energy Infrastructure
7D
-10.2%
1Y
128.8%
HAL
US$27.30
Halliburton
7D
-1.5%
1Y
-10.3%
AROC
US$24.09
Archrock
7D
-3.6%
1Y
0.5%
HP
US$27.83
Helmerich & Payne
7D
3.7%
1Y
-17.3%

Helmerich & Payne, Inc. (NYSE:HP) Looks Just Right With A 27% Price Jump

Nov 12
Helmerich & Payne, Inc. (NYSE:HP) Looks Just Right With A 27% Price Jump
RIG
US$4.01
Transocean
7D
-4.5%
1Y
-6.7%

RIG: Future Profit Margins And Contract Revenues Will Offset Revenue Headwinds

Analysts have raised their price target for Transocean from $3.88 to $4.07 per share. They cite improved profit margins and a lower discount rate as key factors in the updated valuation.
AESI
US$8.94
Atlas Energy Solutions
7D
-16.0%
1Y
-57.3%

AESI: Sector Recovery And Power Segment Will Drive Rebound Into 2026

Atlas Energy Solutions' analyst price target has been reduced from $14 to $12 per share, as analysts cite ongoing softness in the completions market and sustained headwinds in sand prices, despite some signs of recovery in oil and gas activity. Analyst Commentary Recent analyst updates for Atlas Energy Solutions reflect both cautious optimism and ongoing concerns regarding the company’s near-term prospects.
VAL
US$57.03
Valaris
7D
1.9%
1Y
18.1%
SDRL
US$30.07
Seadrill
7D
5.9%
1Y
-25.5%
SLB
US$36.94
SLB
7D
0.08%
1Y
-15.1%

SLB: Digital Expansion and AI Momentum Will Drive Long-Term Energy Sector Upside

Analysts have slightly raised their price target for SLB from $45.16 to $45.30, citing ongoing improvements to revenue growth and profit margin forecasts, as well as new digital segment momentum and sector tailwinds. This comes despite continued macroeconomic uncertainty reflected in recent market research.
LBRT
US$15.92
Liberty Energy
7D
-6.8%
1Y
-10.2%

LBRT: Softening Completions Market Will Pressure Shares Despite Sector Optimism

Liberty Energy's analyst price target has been revised downward from $14 to $12. This change reflects analysts' caution amid a softer completions market and fully valued shares, despite distributed power exposure.
NE
US$30.32
Noble
7D
3.9%
1Y
-9.7%

Share Buybacks And Index Additions Will Support Ultra-Deepwater Rebound In Key Regions

Noble's Analyst Price Target Sees Significant Increase on Improved Outlook Analysts have raised their price target for Noble from $33.60 to $33.60, citing higher expected revenue growth and stronger profit margin forecasts. This update is supported by recent improvements in financial projections.