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Canadian (TSX) Energy Services Industry Analysis

UpdatedOct 31, 2024
DataAggregated Company Financials
Companies24
  • 7D1.6%
  • 3M-5.4%
  • 1Y25.3%
  • YTD27.1%

Over the last 7 days, the Energy Services industry has dropped 1.8%, driven by a pullback from Pason Systems of 1.8%. On the other hand CES Energy Solutions is actually up 5.7%. Over the past 12 months, the industry was up 24%. Earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

Has the Canadian Energy Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 31 Oct 2024CA$11.9bCA$19.4bCA$1.2b9.2x9.8x0.6x
Sat, 28 Sep 2024CA$11.9bCA$19.3bCA$1.2b8.6x9.8x0.6x
Mon, 26 Aug 2024CA$15.6bCA$29.3bCA$1.8b8.8x8.8x0.5x
Wed, 24 Jul 2024CA$15.7bCA$28.4bCA$1.8b8.4x8.8x0.6x
Fri, 21 Jun 2024CA$15.0bCA$28.3bCA$1.8b8x8.3x0.5x
Sun, 19 May 2024CA$15.1bCA$28.3bCA$1.8b8x8.3x0.5x
Tue, 16 Apr 2024CA$15.4bCA$27.5bCA$1.5b7.9x10x0.6x
Thu, 14 Mar 2024CA$14.2bCA$27.8bCA$1.5b7x9.8x0.5x
Sat, 10 Feb 2024CA$13.6bCA$27.4bCA$1.3b6.9x10.5x0.5x
Mon, 08 Jan 2024CA$12.9bCA$28.1bCA$1.2b7.4x10.9x0.5x
Wed, 06 Dec 2023CA$12.1bCA$28.1bCA$1.2b7.3x10.2x0.4x
Fri, 03 Nov 2023CA$12.3bCA$27.2bCA$1.2b7.6x10.5x0.5x
Sun, 01 Oct 2023CA$13.1bCA$27.1bCA$1.2b8.2x10.9x0.5x
Tue, 29 Aug 2023CA$13.2bCA$27.1bCA$1.2b7.9x10.9x0.5x
Thu, 27 Jul 2023CA$13.1bCA$26.3bCA$1.1b8.7x12.2x0.5x
Sat, 24 Jun 2023CA$11.1bCA$26.3bCA$1.1b6.7x10x0.4x
Mon, 22 May 2023CA$11.3bCA$26.3bCA$1.1b6.9x10.3x0.4x
Wed, 19 Apr 2023CA$11.7bCA$24.3bCA$669.1m8.9x17.5x0.5x
Fri, 17 Mar 2023CA$11.4bCA$24.1bCA$612.7m9x18.6x0.5x
Sun, 12 Feb 2023CA$13.4bCA$22.5bCA$286.3m12x46.8x0.6x
Tue, 10 Jan 2023CA$13.3bCA$22.3bCA$253.5m13.2x52.5x0.6x
Thu, 08 Dec 2022CA$12.8bCA$22.2bCA$251.7m12.8x51x0.6x
Sat, 05 Nov 2022CA$13.0bCA$20.9bCA$128.6m15.5x101.3x0.6x
Mon, 03 Oct 2022CA$9.8bCA$19.4b-CA$156,837,204.0012x-62.4x0.5x
Wed, 31 Aug 2022CA$10.7bCA$19.4b-CA$156,837,204.0012.5x-68.3x0.6x
Fri, 29 Jul 2022CA$10.5bCA$16.5b-CA$426,367,277.0016.9x-24.7x0.6x
Sun, 26 Jun 2022CA$10.2bCA$16.5b-CA$472,639,277.0018x-21.6x0.6x
Tue, 24 May 2022CA$11.7bCA$16.5b-CA$472,609,544.0018.7x-24.7x0.7x
Thu, 21 Apr 2022CA$12.0bCA$14.4b-CA$604,166,893.0015.8x-19.8x0.8x
Sat, 19 Mar 2022CA$10.1bCA$14.3b-CA$606,699,302.0012.9x-16.7x0.7x
Mon, 14 Feb 2022CA$10.1bCA$13.1b-CA$197,690,038.0012.4x-51.2x0.8x
Wed, 12 Jan 2022CA$9.2bCA$13.0b-CA$206,002,272.0012.6x-44.7x0.7x
Fri, 10 Dec 2021CA$8.3bCA$13.0b-CA$205,118,559.0013.5x-40.4x0.6x
Sun, 07 Nov 2021CA$9.4bCA$12.8b-CA$243,383,390.0014.2x-38.7x0.7x
Price to Earnings Ratio

-38.7x


Total Market Cap: CA$9.4bTotal Earnings: -CA$243,383,390.00Total Revenue: CA$12.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Energy Services Industry Price to Earnings3Y Average -3x202220232024
Current Industry PE
  • Investors are pessimistic on the Canadian 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 10.0x which is higher than its 3-year average PE of -3.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.57x.
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 15% 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 Canadian Energy industry?

CA Market-0.37%
Energy-0.49%
Energy Services1.64%
Oil and Gas Drilling2.63%
Oil and Gas Services1.38%
Industry PE
  • Investors are most optimistic about the Oil and Gas Services industry even though it's trading below its 3-year average PE ratio of 20.9x.
    • Analysts are expecting annual earnings growth of 25.4%, which is higher than its past year's earnings decline of 9.3% per year.
  • Investors are most pessimistic about the Oil and Gas Drilling industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Services industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings decline of 9.3% per year.
  • In contrast, the Oil and Gas Drilling industry is expected to see its earnings grow by 24% 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
CEU CES Energy SolutionsCA$7.765.7%
+CA$96.2m		109.2%PE9.3x
PD Precision DrillingCA$85.096.1%
+CA$68.4m		6.4%PE4.9x
EFX EnerflexCA$8.981.8%
+CA$19.8m		55.1%PS0.3x
TCW Trican Well ServiceCA$4.541.8%
+CA$15.4m		-5.6%PE7.9x
MCB McCoy GlobalCA$3.7417.6%
+CA$15.2m		149.3%PE11.7x
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Latest News

NOA

CA$23.93

North American Construction Group

7D

1.4%

1Y

-13.8%

PD

CA$85.09

Precision Drilling

7D

6.1%

1Y

6.4%

TCW

CA$4.54

Trican Well Service

7D

1.8%

1Y

-5.6%

BHCC

CA$0.005

Blue Horizon Global Capital

7D

-50.0%

1Y

0%

MATR

CA$12.15

Mattr

7D

-0.4%

1Y

-16.9%

MCB

CA$3.74

McCoy Global

7D

17.6%

1Y

149.3%

ESI

CA$2.80

Ensign Energy Services

7D

2.2%

1Y

11.6%

CEU

CA$7.76

CES Energy Solutions

7D

5.7%

1Y

109.2%

Market Still Lacking Some Conviction On CES Energy Solutions Corp. (TSE:CEU)

Oct 19
Market Still Lacking Some Conviction On CES Energy Solutions Corp. (TSE:CEU)

SHLE

CA$12.67

Source Energy Services

7D

6.6%

1Y

107.7%

PSI

CA$13.46

Pason Systems

7D

-1.8%

1Y

0%

ACX

CA$5.91

ACT Energy Technologies

7D

-2.3%

1Y

3.0%

TVK

CA$100.31

TerraVest Industries

7D

-0.7%

1Y

186.8%

PHX

CA$9.41

PHX Energy Services

7D

-0.9%

1Y

27.2%

EFX

CA$8.98

Enerflex

7D

1.8%

1Y

55.1%

Enerflex Ltd.'s (TSE:EFX) Share Price Could Signal Some Risk

Sep 21
Enerflex Ltd.'s (TSE:EFX) Share Price Could Signal Some Risk

SDI

CA$0.20

Stampede Drilling

7D

-6.8%

1Y

-24.1%

Insufficient Growth At Stampede Drilling Inc. (CVE:SDI) Hampers Share Price

Sep 05
Insufficient Growth At Stampede Drilling Inc. (CVE:SDI) Hampers Share Price

CWC

CA$0.16

CWC Energy Services

7D

-8.6%

1Y

-41.8%