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U.S. Energy Services Industry Analysis

UpdatedJun 19, 2024
DataAggregated Company Financials
Companies85
  • 7D-2.3%
  • 3M-9.6%
  • 1Y9.2%
  • YTD-3.8%

Over the last 7 days, the Energy Services industry has dropped 2.3%, driven by a pullback from Halliburton of 4.5%. Over the past 12 months, the industry was up 9.2%. Looking forward, earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 19 Jun 2024US$224.8bUS$164.6bUS$13.9b13.5x16.2x1.4x
Fri, 17 May 2024US$244.3bUS$164.5bUS$13.9b14.3x17.6x1.5x
Sun, 14 Apr 2024US$258.3bUS$162.2bUS$13.5b15.5x19.2x1.6x
Tue, 12 Mar 2024US$233.5bUS$161.0bUS$13.3b15.1x17.6x1.5x
Thu, 08 Feb 2024US$215.8bUS$159.3bUS$12.4b16.2x17.5x1.4x
Sat, 06 Jan 2024US$231.7bUS$161.6bUS$12.1b16x19.2x1.4x
Mon, 04 Dec 2023US$236.8bUS$160.7bUS$12.1b17.6x19.5x1.5x
Wed, 01 Nov 2023US$247.6bUS$159.6bUS$12.2b14.8x20.3x1.6x
Fri, 29 Sep 2023US$269.7bUS$155.2bUS$11.2b17.3x24.2x1.7x
Sun, 27 Aug 2023US$247.4bUS$155.2bUS$11.2b14.9x22.2x1.6x
Tue, 25 Jul 2023US$566.3bUS$151.3bUS$10.4b22x54.6x3.7x
Thu, 22 Jun 2023US$523.3bUS$147.6bUS$8.5b18.1x61.7x3.5x
Sat, 20 May 2023US$513.2bUS$148.0bUS$8.5b16.7x60.2x3.5x
Mon, 17 Apr 2023US$217.7bUS$138.3bUS$5.4b25.4x40.1x1.6x
Wed, 15 Mar 2023US$211.1bUS$138.6bUS$5.4b22x38.8x1.5x
Fri, 10 Feb 2023US$233.1bUS$135.7bUS$4.5b21.9x51.8x1.7x
Sun, 08 Jan 2023US$230.9bUS$133.8bUS$2.7b24.2x84.1x1.7x
Tue, 06 Dec 2022US$215.3bUS$129.7bUS$3.0b23x72.8x1.7x
Thu, 03 Nov 2022US$212.3bUS$128.1bUS$2.6b25.4x82.6x1.7x
Sat, 01 Oct 2022US$152.4bUS$120.8bUS$704.5m25.5x216.3x1.3x
Mon, 29 Aug 2022US$178.0bUS$120.8bUS$704.3m31.4x252.8x1.5x
Wed, 27 Jul 2022US$159.0bUS$116.6b-US$5,804,598,645.0031.7x-27.4x1.4x
Fri, 24 Jun 2022US$163.7bUS$113.9b-US$5,583,938,732.0033.4x-29.3x1.4x
Sun, 22 May 2022US$195.0bUS$113.7b-US$5,667,845,389.0031.5x-34.4x1.7x
Tue, 19 Apr 2022US$215.2bUS$108.4b-US$7,348,092,393.0023.7x-29.3x2x
Thu, 17 Mar 2022US$183.7bUS$108.6b-US$5,229,149,047.0020.6x-35.1x1.7x
Sat, 12 Feb 2022US$177.2bUS$114.1b-US$7,721,210,029.0027.7x-22.9x1.6x
Mon, 10 Jan 2022US$154.8bUS$111.0b-US$8,813,827,759.0034.4x-17.6x1.4x
Wed, 08 Dec 2021US$136.1bUS$111.0b-US$8,811,514,834.0028.8x-15.4x1.2x
Fri, 05 Nov 2021US$157.4bUS$111.0b-US$9,491,039,641.0039.4x-16.6x1.4x
Sun, 03 Oct 2021US$142.7bUS$107.2b-US$10,580,895,975.0031.1x-13.5x1.3x
Tue, 31 Aug 2021US$123.8bUS$109.7b-US$10,688,104,611.3320.7x-11.6x1.1x
Wed, 07 Jul 2021US$139.5bUS$109.7b-US$10,687,138,611.3325.4x-13.1x1.3x
Price to Earnings Ratio

-13.1x


Total Market Cap: US$139.5bTotal Earnings: -US$10,687,138,611.33Total Revenue: US$109.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Services Industry Price to Earnings3Y Average 28.6x202220232024
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 16.2x which is lower than its 3-year average PE of 28.6x.
  • The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • Total earnings for the Energy Services industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 14% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

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

US Market1.63%
Energy-2.09%
Energy Services-2.30%
Oil and Gas Services-2.01%
Oil and Gas Drilling-4.23%
Industry PE
  • Investors are most optimistic about the Oil and Gas Drilling industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 42.8%, which is higher than its past year's earnings growth of 29.2% per year.
  • Investors are most pessimistic about the Oil and Gas Services industry, which is trading below its 3-year average of 72.1x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 43% over the next 5 years.
  • This is better than its past earnings growth rate of 29% per year.
  • In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 18% 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
NOV NOVUS$18.151.8%
+US$126.6m
17.7%PE7.3x
WFRD Weatherford InternationalUS$115.501.1%
+US$88.5m
93.5%PE18.5x
XPRO Expro Group HoldingsUS$21.792.3%
+US$57.5m
35.9%PS1.6x
BOOM DMC GlobalUS$14.3512.8%
+US$32.7m
-8.4%PE13.3x
OII Oceaneering InternationalUS$21.721.2%
+US$26.4m
22.7%PE20.3x
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Latest News

BOOM

US$14.35

DMC Global

7D

12.8%

1Y

-8.4%

HAL

US$32.94

Halliburton

7D

-4.5%

1Y

4.6%

NOV

US$18.15

NOV

7D

1.8%

1Y

17.7%

ESOA

US$7.68

Energy Services of America

7D

7.3%

1Y

200.0%

PTEN

US$9.86

Patterson-UTI Energy

7D

-5.3%

1Y

-15.0%

ACDC

US$7.41

ProFrac Holding

7D

-16.0%

1Y

-41.3%