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U.S. Oil and Gas Drilling Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies10
  • 7D2.8%
  • 3M23.9%
  • 1Y-11.2%
  • YTDn/a

The Oil and Gas Drilling industry is up 2.8% in the last week, with Noble up 3.9%. In the past year, the industry is down 11%. Earnings are forecast to grow by 46% annually.

Industry Valuation and Performance

Has the U.S. Oil and Gas Drilling Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Nov 2025US$21.8bUS$23.4b-US$2,176,927,000.0014.5x-10x0.9x
Thu, 16 Oct 2025US$18.9bUS$23.5b-US$2,026,761,000.0014.5x-9.3x0.8x
Sat, 13 Sep 2025US$19.7bUS$23.5b-US$2,026,761,000.0015.9x-9.7x0.8x
Mon, 11 Aug 2025US$17.4bUS$23.5b-US$2,030,940,000.0013.6x-8.6x0.7x
Wed, 09 Jul 2025US$17.3bUS$22.9b-US$423,533,000.0010.8x-40.9x0.8x
Fri, 06 Jun 2025US$16.5bUS$22.9b-US$423,533,000.008.8x-39.1x0.7x
Sun, 04 May 2025US$15.0bUS$22.6b-US$220,210,000.006.2x-68.2x0.7x
Tue, 01 Apr 2025US$18.0bUS$22.4b-US$8,645,000.007x-2086x0.8x
Thu, 27 Feb 2025US$18.8bUS$23.0bUS$59.3m7.5x316.8x0.8x
Sat, 25 Jan 2025US$23.7bUS$23.0bUS$852.9m8x27.8x1x
Mon, 23 Dec 2024US$20.2bUS$22.2bUS$698.6m5.7x28.9x0.9x
Wed, 20 Nov 2024US$23.2bUS$22.2bUS$710.7m6.2x32.6x1x
Fri, 18 Oct 2024US$22.9bUS$20.8bUS$2.0b9x11.7x1.1x
Sun, 15 Sep 2024US$23.0bUS$20.8bUS$2.0b8.6x11.8x1.1x
Tue, 13 Aug 2024US$27.7bUS$21.8bUS$1.7b9.5x16.3x1.3x
Thu, 11 Jul 2024US$29.8bUS$21.0bUS$1.6b11x19.2x1.4x
Sat, 08 Jun 2024US$29.4bUS$21.0bUS$1.6b10.7x19x1.4x
Mon, 06 May 2024US$30.2bUS$20.8bUS$1.5b11.7x19.6x1.5x
Wed, 03 Apr 2024US$32.8bUS$20.0bUS$1.2b12.2x26.9x1.6x
Fri, 01 Mar 2024US$25.2bUS$18.5bUS$915.8m10.6x27.6x1.4x
Sun, 28 Jan 2024US$26.7bUS$17.5b-US$34,902,000.0015.8x-764.8x1.5x
Tue, 26 Dec 2023US$27.7bUS$17.5b-US$34,902,000.0016x-792.3x1.6x
Thu, 23 Nov 2023US$28.0bUS$17.5b-US$34,902,000.0017.5x-802.1x1.6x
Sat, 21 Oct 2023US$30.4bUS$16.7bUS$299.5m16.4x101.4x1.8x
Mon, 18 Sep 2023US$34.0bUS$16.7bUS$299.5m18.7x113.6x2x
Wed, 16 Aug 2023US$29.0bUS$16.7bUS$299.5m10.4x96.8x1.7x
Fri, 14 Jul 2023US$28.3bUS$15.7bUS$73.9m20.3x383.1x1.8x
Sun, 11 Jun 2023US$23.5bUS$15.7bUS$73.9m17.3x317.5x1.5x
Tue, 09 May 2023US$22.2bUS$15.6b-US$39,097,000.0013.3x-568.8x1.4x
Thu, 06 Apr 2023US$24.0bUS$14.3b-US$501,182,000.0026.1x-48x1.7x
Sat, 04 Mar 2023US$28.0bUS$14.4b-US$508,285,000.0030.8x-55.2x2x
Mon, 30 Jan 2023US$27.9bUS$12.9b-US$1,194,661,000.0035.1x-23.3x2.2x
Wed, 28 Dec 2022US$25.2bUS$12.9b-US$1,194,661,000.0032.3x-21.1x2x
Fri, 25 Nov 2022US$24.9bUS$12.6b-US$1,319,205,000.0029.4x-18.9x2x
Price to Earnings Ratio

-18.9x


Total Market Cap: US$24.9bTotal Earnings: -US$1,319,205,000.00Total Revenue: US$12.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Drilling Industry Price to Earnings3Y Average -66.4x202320242025
Current Industry PE
  • Investors are pessimistic on the American Oil and Gas Drilling industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 0.93x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Drilling industry have deteriorated over the last three years.
  • Meanwhile revenues for these companies have grown 23% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.

Industry Comparison

How does U.S. Oil and Gas Drilling compare with similar industries?

US Market-0.39%
Energy2.37%
Energy Services0.67%
Oil and Gas Drilling2.80%
Oil and Gas Services0.43%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SDRL SeadrillUS$30.657.9%
+US$140.3m		-24.0%PE56.2x
NE NobleUS$29.942.6%
+US$120.7m		-10.8%PE21x
HP Helmerich & PayneUS$27.612.9%
+US$77.6m		-17.9%PS0.8x
VAL ValarisUS$56.140.3%
+US$10.4m		16.2%PE9.8x

Latest News

NBR
US$47.38
Nabors Industries
7D
-9.1%
1Y
-34.7%
HP
US$27.61
Helmerich & Payne
7D
2.9%
1Y
-17.9%

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
PTEN
US$5.79
Patterson-UTI Energy
7D
-5.9%
1Y
-30.1%

PTEN: Ongoing Share Repurchases Will Drive Confidence Despite Completions Headwinds

Patterson-UTI Energy's analyst price target edged higher, rising by $0.07 to $7.23, as analysts modestly adjusted their forecasts in response to recent quarterly results and updated industry guidance. Analyst Commentary Recent research updates reflect a mix of optimism and caution among analysts tracking Patterson-UTI Energy's outlook.
BORR
US$3.16
Borr Drilling
7D
-1.6%
1Y
-21.8%

BORR: Future Profit Margins And Industry Outlook Will Balance Weaker Revenue

Analysts have lowered their fair value estimate for Borr Drilling from $3.10 to $3.37. They cite weaker expected revenue growth, but note better profit margins and a reduced discount rate in their updated forecasts.
RIG
US$4.08
Transocean
7D
-2.9%
1Y
-5.1%

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.
VAL
US$56.14
Valaris
7D
0.3%
1Y
16.2%
SDRL
US$30.65
Seadrill
7D
7.9%
1Y
-24.0%
NE
US$29.94
Noble
7D
2.6%
1Y
-10.8%

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.