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U.S. Oil and Gas Drilling Industry Analysis

UpdatedJun 19, 2024
DataAggregated Company Financials
Companies13
  • 7D-4.2%
  • 3M-8.9%
  • 1Y3.9%
  • YTDn/a

Over the last 7 days, the Oil and Gas Drilling industry has dropped 5.5%, driven by pullbacks from every company within the industry. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 43% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 19 Jun 2024US$29.1bUS$21.0bUS$1.6b10.7x18.8x1.4x
Fri, 17 May 2024US$31.9bUS$21.0bUS$1.6b11.6x20.6x1.5x
Sun, 14 Apr 2024US$33.0bUS$20.0bUS$1.2b12.2x27.1x1.6x
Tue, 12 Mar 2024US$27.3bUS$18.5bUS$915.8m11.3x29.8x1.5x
Thu, 08 Feb 2024US$25.5bUS$17.5bUS$48.3m15.6x527.1x1.5x
Sat, 06 Jan 2024US$26.9bUS$17.5b-US$34,902,000.0015.7x-770.5x1.5x
Mon, 04 Dec 2023US$28.2bUS$17.5b-US$34,902,000.0017.3x-809.2x1.6x
Wed, 01 Nov 2023US$28.6bUS$16.7bUS$61.1m15.2x468.6x1.7x
Fri, 29 Sep 2023US$33.2bUS$16.7bUS$299.5m17.5x110.9x2x
Sun, 27 Aug 2023US$28.7bUS$16.7bUS$299.5m10.1x95.9x1.7x
Tue, 25 Jul 2023US$30.2bUS$15.7bUS$73.9m21.7x409.2x1.9x
Thu, 22 Jun 2023US$23.3bUS$15.7bUS$73.9m16.7x314.7x1.5x
Sat, 20 May 2023US$22.2bUS$15.7bUS$73.9m16.6x300.1x1.4x
Mon, 17 Apr 2023US$24.8bUS$14.3b-US$501,182,000.0026.9x-49.5x1.7x
Wed, 15 Mar 2023US$24.3bUS$14.3b-US$508,285,000.0026.9x-47.8x1.7x
Fri, 10 Feb 2023US$27.7bUS$13.7b-US$528,364,000.0031.5x-52.4x2x
Sun, 08 Jan 2023US$24.7bUS$12.9b-US$1,194,661,000.0031.6x-20.7x1.9x
Tue, 06 Dec 2022US$23.7bUS$12.9b-US$1,194,661,000.0031.1x-19.8x1.8x
Thu, 03 Nov 2022US$23.5bUS$12.4b-US$1,490,676,000.0036.1x-15.8x1.9x
Sat, 01 Oct 2022US$15.8bUS$11.8b-US$1,869,485,000.0049.8x-8.5x1.3x
Mon, 29 Aug 2022US$19.0bUS$11.8b-US$1,869,485,000.0050.4x-10.2x1.6x
Wed, 27 Jul 2022US$16.6bUS$10.8b-US$7,622,904,000.0021.5x-2.2x1.5x
Fri, 24 Jun 2022US$16.7bUS$10.8b-US$7,622,904,000.0021x-2.2x1.5x
Sun, 22 May 2022US$19.4bUS$10.8b-US$7,622,904,000.0024.8x-2.5x1.8x
Tue, 19 Apr 2022US$21.3bUS$10.2b-US$8,607,670,000.006.3x-2.5x2.1x
Thu, 17 Mar 2022US$16.4bUS$9.8b-US$6,433,996,000.003x-2.5x1.7x
Sat, 12 Feb 2022US$14.7bUS$9.8b-US$9,257,919,000.000.7x-1.6x1.5x
Mon, 10 Jan 2022US$12.8bUS$9.3b-US$9,036,360,000.000.2x-1.4x1.4x
Wed, 08 Dec 2021US$10.6bUS$9.3b-US$9,036,360,000.000.7x-1.2x1.1x
Fri, 05 Nov 2021US$13.3bUS$9.1b-US$9,198,376,000.000.7x-1.4x1.5x
Sun, 03 Oct 2021US$12.7bUS$9.0b-US$9,400,314,000.0010.6x-1.4x1.4x
Tue, 31 Aug 2021US$11.3bUS$10.4b-US$9,477,487,000.000.6x-1.2x1.1x
Wed, 07 Jul 2021US$13.0bUS$10.4b-US$9,477,487,000.001.1x-1.4x1.2x
Price to Earnings Ratio

-1.4x


Total Market Cap: US$13.0bTotal Earnings: -US$9,477,487,000.00Total Revenue: US$10.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Drilling Industry Price to Earnings3Y Average -13.1x202220232024
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 industry is trading at a PE ratio of 18.6x which is higher than its 3-year average PE of -13.1x.
  • The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • Total earnings for the Oil and Gas Drilling industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 26% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Comparison

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

US Market1.63%
Energy-2.09%
Energy Services-2.30%
Oil and Gas Drilling-4.23%
Oil and Gas Services-2.01%
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
No data available
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Latest News

NE

US$43.85

Noble

7D

-1.6%

1Y

12.0%

DO

US$15.18

Diamond Offshore Drilling

7D

-0.5%

1Y

25.2%

HP

US$33.35

Helmerich & Payne

7D

-6.2%

1Y

-1.5%

PTEN

US$9.86

Patterson-UTI Energy

7D

-5.3%

1Y

-15.0%