Canadian (TSX) Energy Services Industry Analysis
- 7D-1.2%
- 3M17.6%
- 1Y53.1%
- YTD57.9%
Over the last 7 days, the Energy Services industry has dropped 1.2%, driven by a decline by Enerflex of 5.8%. Meanwhile, Calfrac Well Services actually outperformed within the industry, gaining 18% in the last week. This takes the industry's 12 month performance to a gain of 53%.
Industry Valuation and Performance
Has the Canadian Energy Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Tue, 30 Nov 2021 | CA$8.6b | CA$13.0b | -CA$193,784,873.00 | 12.3x |
| Thu, 28 Oct 2021 | CA$9.3b | CA$11.3b | -CA$359,964,515.00 | 13.6x |
| Sat, 25 Sep 2021 | CA$7.9b | CA$11.2b | -CA$350,199,515.00 | 12.6x |
| Mon, 23 Aug 2021 | CA$7.1b | CA$11.2b | -CA$353,548,483.00 | 12.2x |
| Sat, 10 Jul 2021 | CA$7.5b | CA$11.2b | -CA$353,548,483.00 | 13.1x |
| Fri, 02 Apr 2021 | CA$6.3b | CA$10.4b | -CA$758,944,797.00 | 18.2x |
| Mon, 04 Jan 2021 | CA$5.1b | CA$11.3b | -CA$1,710,238,504.00 | 9.1x |
| Thu, 08 Oct 2020 | CA$3.6b | CA$11.8b | -CA$1,350,990,707.00 | 14.6x |
| Wed, 01 Jul 2020 | CA$4.0b | CA$13.7b | -CA$1,284,329,570.00 | 10.1x |
| Sat, 04 Apr 2020 | CA$3.2b | CA$17.7b | -CA$1,462,175,672.00 | 8x |
| Tue, 07 Jan 2020 | CA$8.6b | CA$18.5b | -CA$387,466,420.00 | 20.5x |
| Mon, 30 Sep 2019 | CA$8.9b | CA$18.7b | -CA$379,018,292.00 | 15.4x |
| Thu, 04 Jul 2019 | CA$11.2b | CA$18.9b | -CA$154,081,194.00 | 18.8x |
| Sun, 07 Apr 2019 | CA$12.5b | CA$18.5b | -CA$277,647,437.00 | 19.8x |
| Wed, 09 Jan 2019 | CA$10.9b | CA$17.9b | -CA$283,144,070.00 | 17.6x |
16.6x
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 14.5x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Energy Services industry have deteriorated over the last three years, and revenues have also declined 9.7% per year. This means overall sales from these companies are declining and losses are subsequently expanding as well.
Industry Trends
Which industries have driven the changes within the Canadian Energy Services industry?
| Oil and Gas Drilling | -0.69% | |
| Oil and Gas Services | -1.31% | |
Industry PE: Investors are most optimistic about the Oil and Gas Drilling industry even though it's trading below its 3-year average PE ratio of 65.6x. This is likely because analysts are expecting annual earnings growth of 71% and investors are willing to pay a premium for that growth. Meanwhile, investors are most pessimistic about the Oil and Gas Services industry, which is trading below its 3-year average of 14.0x.
Forecasted Growth: Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 71% over the next 5 years. Meanwhile, the Oil and Gas Services industry is expected to see its earnings grow by 66% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| CFW Calfrac Well Services | 17.5%+CA$29.0m | -64.3% | PE2.7x | |
| PHX PHX Energy Services | 5.2%+CA$10.7m | 131.1% | PE13.5x | |
| SES Secure Energy Services | 0.6%+CA$9.2m | 146.5% | PS0.6x | |
| SCL Shawcor | 1.9%+CA$6.3m | 50.3% | PE9.8x | |
| TVK TerraVest Industries | 0.7%+CA$3.8m | 82.4% | PE13.3x |