Liberty Energy Inc. (NYSE:LBRT) Shares Could Be 41% Below Their Intrinsic Value Estimate
Jun 18
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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 19 Jun 2024 | US$224.8b | US$164.6b | US$13.9b | 13.5x | 16.2x | 1.4x |
| Fri, 17 May 2024 | US$244.3b | US$164.5b | US$13.9b | 14.3x | 17.6x | 1.5x |
| Sun, 14 Apr 2024 | US$258.3b | US$162.2b | US$13.5b | 15.5x | 19.2x | 1.6x |
| Tue, 12 Mar 2024 | US$233.5b | US$161.0b | US$13.3b | 15.1x | 17.6x | 1.5x |
| Thu, 08 Feb 2024 | US$215.8b | US$159.3b | US$12.4b | 16.2x | 17.5x | 1.4x |
| Sat, 06 Jan 2024 | US$231.7b | US$161.6b | US$12.1b | 16x | 19.2x | 1.4x |
| Mon, 04 Dec 2023 | US$236.8b | US$160.7b | US$12.1b | 17.6x | 19.5x | 1.5x |
| Wed, 01 Nov 2023 | US$247.6b | US$159.6b | US$12.2b | 14.8x | 20.3x | 1.6x |
| Fri, 29 Sep 2023 | US$269.7b | US$155.2b | US$11.2b | 17.3x | 24.2x | 1.7x |
| Sun, 27 Aug 2023 | US$247.4b | US$155.2b | US$11.2b | 14.9x | 22.2x | 1.6x |
| Tue, 25 Jul 2023 | US$566.3b | US$151.3b | US$10.4b | 22x | 54.6x | 3.7x |
| Thu, 22 Jun 2023 | US$523.3b | US$147.6b | US$8.5b | 18.1x | 61.7x | 3.5x |
| Sat, 20 May 2023 | US$513.2b | US$148.0b | US$8.5b | 16.7x | 60.2x | 3.5x |
| Mon, 17 Apr 2023 | US$217.7b | US$138.3b | US$5.4b | 25.4x | 40.1x | 1.6x |
| Wed, 15 Mar 2023 | US$211.1b | US$138.6b | US$5.4b | 22x | 38.8x | 1.5x |
| Fri, 10 Feb 2023 | US$233.1b | US$135.7b | US$4.5b | 21.9x | 51.8x | 1.7x |
| Sun, 08 Jan 2023 | US$230.9b | US$133.8b | US$2.7b | 24.2x | 84.1x | 1.7x |
| Tue, 06 Dec 2022 | US$215.3b | US$129.7b | US$3.0b | 23x | 72.8x | 1.7x |
| Thu, 03 Nov 2022 | US$212.3b | US$128.1b | US$2.6b | 25.4x | 82.6x | 1.7x |
| Sat, 01 Oct 2022 | US$152.4b | US$120.8b | US$704.5m | 25.5x | 216.3x | 1.3x |
| Mon, 29 Aug 2022 | US$178.0b | US$120.8b | US$704.3m | 31.4x | 252.8x | 1.5x |
| Wed, 27 Jul 2022 | US$159.0b | US$116.6b | -US$5,804,598,645.00 | 31.7x | -27.4x | 1.4x |
| Fri, 24 Jun 2022 | US$163.7b | US$113.9b | -US$5,583,938,732.00 | 33.4x | -29.3x | 1.4x |
| Sun, 22 May 2022 | US$195.0b | US$113.7b | -US$5,667,845,389.00 | 31.5x | -34.4x | 1.7x |
| Tue, 19 Apr 2022 | US$215.2b | US$108.4b | -US$7,348,092,393.00 | 23.7x | -29.3x | 2x |
| Thu, 17 Mar 2022 | US$183.7b | US$108.6b | -US$5,229,149,047.00 | 20.6x | -35.1x | 1.7x |
| Sat, 12 Feb 2022 | US$177.2b | US$114.1b | -US$7,721,210,029.00 | 27.7x | -22.9x | 1.6x |
| Mon, 10 Jan 2022 | US$154.8b | US$111.0b | -US$8,813,827,759.00 | 34.4x | -17.6x | 1.4x |
| Wed, 08 Dec 2021 | US$136.1b | US$111.0b | -US$8,811,514,834.00 | 28.8x | -15.4x | 1.2x |
| Fri, 05 Nov 2021 | US$157.4b | US$111.0b | -US$9,491,039,641.00 | 39.4x | -16.6x | 1.4x |
| Sun, 03 Oct 2021 | US$142.7b | US$107.2b | -US$10,580,895,975.00 | 31.1x | -13.5x | 1.3x |
| Tue, 31 Aug 2021 | US$123.8b | US$109.7b | -US$10,688,104,611.33 | 20.7x | -11.6x | 1.1x |
| Wed, 07 Jul 2021 | US$139.5b | US$109.7b | -US$10,687,138,611.33 | 25.4x | -13.1x | 1.3x |
Price to Earnings Ratio
-13.1x
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 Market | 1.63% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NOV NOV | US$18.15 | 1.8% +US$126.6m | 17.7% | PE7.3x | |
| WFRD Weatherford International | US$115.50 | 1.1% +US$88.5m | 93.5% | PE18.5x | |
| XPRO Expro Group Holdings | US$21.79 | 2.3% +US$57.5m | 35.9% | PS1.6x | |
| BOOM DMC Global | US$14.35 | 12.8% +US$32.7m | -8.4% | PE13.3x | |
| OII Oceaneering International | US$21.72 | 1.2% +US$26.4m | 22.7% | PE20.3x |
