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U.S. Oil and Gas Services Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies72
  • 7D0.4%
  • 3M16.2%
  • 1Y-0.4%
  • YTDn/a

Over the last 7 days, the Oil and Gas Services industry has remained flat, although notably Tidewater gained 7.5%. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Nov 2025US$192.3bUS$142.0bUS$10.9b17.4x17.6x1.4x
Thu, 16 Oct 2025US$174.7bUS$142.7bUS$12.1b14.2x14.5x1.2x
Sat, 13 Sep 2025US$183.4bUS$142.7bUS$12.1b14.7x15.2x1.3x
Mon, 11 Aug 2025US$168.5bUS$142.6bUS$12.1b12x14x1.2x
Wed, 09 Jul 2025US$169.4bUS$147.3bUS$12.5b12x13.5x1.1x
Fri, 06 Jun 2025US$161.4bUS$148.2bUS$12.6b11.5x12.8x1.1x
Sun, 04 May 2025US$162.8bUS$147.6bUS$12.7b11.8x12.9x1.1x
Tue, 01 Apr 2025US$190.8bUS$148.3bUS$13.5b14.6x14.2x1.3x
Thu, 27 Feb 2025US$194.4bUS$148.3bUS$13.2b15.3x14.7x1.3x
Sat, 25 Jan 2025US$207.5bUS$147.3bUS$12.8b18.2x16.2x1.4x
Mon, 23 Dec 2024US$181.7bUS$146.7bUS$12.8b17x14.2x1.2x
Wed, 20 Nov 2024US$201.9bUS$146.7bUS$12.8b18.5x15.7x1.4x
Fri, 18 Oct 2024US$194.5bUS$144.9bUS$12.8b18.5x15.2x1.3x
Sun, 15 Sep 2024US$181.0bUS$145.0bUS$12.8b17.1x14.1x1.2x
Tue, 13 Aug 2024US$195.3bUS$144.7bUS$12.7b18.1x15.4x1.3x
Thu, 11 Jul 2024US$200.0bUS$143.6bUS$12.4b16.2x16.2x1.4x
Sat, 08 Jun 2024US$195.9bUS$143.6bUS$12.3b14.7x15.9x1.4x
Mon, 06 May 2024US$207.5bUS$144.7bUS$12.3b14.3x16.9x1.4x
Wed, 03 Apr 2024US$223.0bUS$142.2bUS$12.2b17.8x18.2x1.6x
Fri, 01 Mar 2024US$195.7bUS$142.4bUS$12.3b16.1x15.9x1.4x
Sun, 28 Jan 2024US$208.5bUS$146.1bUS$12.3b16.6x16.9x1.4x
Tue, 26 Dec 2023US$211.0bUS$143.2bUS$12.2b16.1x17.4x1.5x
Thu, 23 Nov 2023US$209.8bUS$143.2bUS$12.2b18.1x17.3x1.5x
Sat, 21 Oct 2023US$228.4bUS$140.1bUS$11.2b14.9x20.4x1.6x
Mon, 18 Sep 2023US$234.7bUS$138.6bUS$10.9b17.6x21.6x1.7x
Wed, 16 Aug 2023US$591.8bUS$138.6bUS$10.9b15.9x54.5x4.3x
Fri, 14 Jul 2023US$533.4bUS$132.0bUS$8.4b21.6x63.2x4x
Sun, 11 Jun 2023US$501.0bUS$132.4bUS$8.4b20.5x59.5x3.8x
Tue, 09 May 2023US$176.4bUS$131.5bUS$8.4b17.7x21.1x1.3x
Thu, 06 Apr 2023US$188.7bUS$124.0bUS$5.9b22.8x31.8x1.5x
Sat, 04 Mar 2023US$214.0bUS$123.8bUS$5.8b23.2x37.2x1.7x
Mon, 30 Jan 2023US$212.2bUS$121.0bUS$4.6b22.9x45.9x1.8x
Wed, 28 Dec 2022US$199.3bUS$116.9bUS$4.1b20.5x48.1x1.7x
Fri, 25 Nov 2022US$193.7bUS$116.9bUS$4.2b22.4x46.6x1.7x
Price to Earnings Ratio

46.6x


Total Market Cap: US$193.7bTotal Earnings: US$4.2bTotal Revenue: US$116.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Services Industry Price to Earnings3Y Average 23.3x202320242025
Current Industry PE
  • Investors are pessimistic on the American Oil and Gas Equipment and 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 17.6x which is lower than its 3-year average PE of 23.3x.
  • The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Equipment and Services industry have grown 38% per year over the last three years.
  • Revenues for these companies have grown 6.7% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

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

US Market-0.39%
Energy2.37%
Energy Services0.67%
Oil and Gas Services0.43%
Oil and Gas Drilling2.80%
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
TDW TidewaterUS$56.513.3%
+US$90.7m		10.9%PE18.5x
NESR National Energy Services ReunitedUS$13.925.7%
+US$88.1m		63.6%PE20x
INVX Innovex InternationalUS$21.614.1%
+US$59.3m		29.2%PE14.7x
SND Smart SandUS$2.7523.6%
+US$22.8m		20.9%PE30.7x
SMHI SEACOR Marine HoldingsUS$7.657.1%
+US$13.8m		22.0%PS0.8x

Latest News

TDW
US$56.51
Tidewater
7D
3.3%
1Y
10.9%
INVX
US$21.61
Innovex International
7D
4.1%
1Y
29.2%

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
BKR
US$47.88
Baker Hughes
7D
-1.9%
1Y
11.2%

BKR: Sector Activity Rebound And Divestiture Plans Will Shape Risk-Reward Ahead

The average analyst price target for Baker Hughes has increased modestly to approximately $52.52 per share. This reflects analysts' expectations for improving sector momentum and upcoming strategic catalysts, despite a still cautious macroeconomic environment.
WHD
US$40.00
Cactus
7D
-7.8%
1Y
-39.3%

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$13.92
National Energy Services Reunited
7D
5.7%
1Y
63.6%
SND
US$2.75
Smart Sand
7D
23.6%
1Y
20.9%
SMHI
US$7.65
SEACOR Marine Holdings
7D
7.1%
1Y
22.0%
WFRD
US$70.97
Weatherford International
7D
-5.3%
1Y
-14.9%
HAL
US$26.62
Halliburton
7D
-3.9%
1Y
-12.6%
AROC
US$23.26
Archrock
7D
-6.9%
1Y
-2.9%
DTI
US$2.49
Drilling Tools International
7D
14.2%
1Y
-28.0%

Little Excitement Around Drilling Tools International Corporation's (NASDAQ:DTI) Revenues

Nov 12
Little Excitement Around Drilling Tools International Corporation's (NASDAQ:DTI) Revenues
FTI
US$42.73
TechnipFMC
7D
-2.3%
1Y
49.9%
NCSM
US$37.10
NCS Multistage Holdings
7D
0.2%
1Y
51.1%

NCS Multistage Holdings' (NASDAQ:NCSM) Shareholders Have More To Worry About Than Only Soft Earnings

Nov 07
NCS Multistage Holdings' (NASDAQ:NCSM) Shareholders Have More To Worry About Than Only Soft Earnings
AESI
US$8.55
Atlas Energy Solutions
7D
-19.6%
1Y
-59.1%

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.
SLB
US$35.80
SLB
7D
-3.0%
1Y
-17.7%

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.
FET
US$29.98
Forum Energy Technologies
7D
1.6%
1Y
102.4%

Is Forum Energy Technologies (NYSE:FET) Using Too Much Debt?

Oct 24
Is Forum Energy Technologies (NYSE:FET) Using Too Much Debt?