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Canadian (TSX) Energy Services Industry Analysis
UpdatedFeb 01, 2025
DataAggregated Company Financials
Companies23
- 7D-5.5%
- 3M11.6%
- 1Y33.7%
- YTD-3.4%
Over the last 7 days, the Energy Services industry has dropped 3.3%, driven by pullbacks in Enerflex and CES Energy Solutions of 4.7% and 3.7%, respectively. Meanwhile, Canadian Premium Sand actually outperformed within the industry, gaining 10.0% in the last week. Over the past 12 months, the industry was up 35%. Earnings are forecast to grow by 29% annually.
Industry Valuation and Performance
Has the Canadian Energy Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 01 Feb 2025 | CA$14.1b | CA$19.9b | CA$1.1b | 9.9x | 12.4x | 0.7x |
| Mon, 30 Dec 2024 | CA$13.8b | CA$19.9b | CA$1.1b | 10.3x | 12.2x | 0.7x |
| Wed, 27 Nov 2024 | CA$14.1b | CA$19.7b | CA$1.1b | 10.6x | 12.4x | 0.7x |
| Fri, 25 Oct 2024 | CA$12.0b | CA$19.4b | CA$1.2b | 9.4x | 9.9x | 0.6x |
| Sun, 22 Sep 2024 | CA$12.3b | CA$19.4b | CA$1.2b | 8.6x | 10.1x | 0.6x |
| Tue, 20 Aug 2024 | CA$15.5b | CA$29.3b | CA$1.8b | 8.3x | 8.7x | 0.5x |
| Thu, 18 Jul 2024 | CA$16.0b | CA$28.4b | CA$1.8b | 8.1x | 9x | 0.6x |
| Sat, 15 Jun 2024 | CA$15.0b | CA$28.4b | CA$1.8b | 8x | 8.3x | 0.5x |
| Mon, 13 May 2024 | CA$14.8b | CA$28.4b | CA$1.8b | 7.8x | 8.1x | 0.5x |
| Wed, 10 Apr 2024 | CA$15.5b | CA$27.5b | CA$1.5b | 8.3x | 10x | 0.6x |
| Fri, 08 Mar 2024 | CA$14.5b | CA$27.8b | CA$1.5b | 6.7x | 9.7x | 0.5x |
| Sun, 04 Feb 2024 | CA$13.7b | CA$28.1b | CA$1.2b | 7.5x | 11.5x | 0.5x |
| Tue, 02 Jan 2024 | CA$12.8b | CA$28.1b | CA$1.2b | 7.3x | 10.8x | 0.5x |
| Thu, 30 Nov 2023 | CA$12.0b | CA$28.1b | CA$1.2b | 7.6x | 10.1x | 0.4x |
| Sat, 28 Oct 2023 | CA$12.1b | CA$27.1b | CA$1.2b | 7.9x | 10.1x | 0.4x |
| Mon, 25 Sep 2023 | CA$13.5b | CA$27.1b | CA$1.2b | 8.4x | 11.2x | 0.5x |
| Wed, 23 Aug 2023 | CA$13.1b | CA$27.1b | CA$1.2b | 7.9x | 10.9x | 0.5x |
| Fri, 21 Jul 2023 | CA$12.8b | CA$26.3b | CA$1.1b | 7.8x | 11.5x | 0.5x |
| Sun, 18 Jun 2023 | CA$11.3b | CA$26.3b | CA$1.1b | 7x | 10.1x | 0.4x |
| Tue, 16 May 2023 | CA$11.3b | CA$26.3b | CA$1.1b | 6.9x | 10.3x | 0.4x |
| Thu, 13 Apr 2023 | CA$11.6b | CA$24.2b | CA$656.9m | 9.2x | 17.7x | 0.5x |
| Sat, 11 Mar 2023 | CA$12.2b | CA$24.1b | CA$612.7m | 9.6x | 19.9x | 0.5x |
| Mon, 06 Feb 2023 | CA$13.6b | CA$22.3b | CA$253.5m | 12.1x | 53.7x | 0.6x |
| Wed, 04 Jan 2023 | CA$12.7b | CA$22.3b | CA$253.5m | 11.3x | 50x | 0.6x |
| Fri, 02 Dec 2022 | CA$13.4b | CA$22.2b | CA$251.7m | 13x | 53.3x | 0.6x |
| Sun, 30 Oct 2022 | CA$12.2b | CA$19.6b | -CA$67,718,204.00 | 14.3x | -180.3x | 0.6x |
| Tue, 27 Sep 2022 | CA$9.3b | CA$19.4b | -CA$156,837,204.00 | 11.8x | -59x | 0.5x |
| Thu, 25 Aug 2022 | CA$11.2b | CA$19.4b | -CA$127,533,279.00 | 13x | -88.1x | 0.6x |
| Sat, 23 Jul 2022 | CA$9.9b | CA$16.5b | -CA$472,639,277.00 | 14.3x | -21x | 0.6x |
| Mon, 20 Jun 2022 | CA$10.4b | CA$16.5b | -CA$472,639,277.00 | 17.4x | -22x | 0.6x |
| Wed, 18 May 2022 | CA$11.6b | CA$16.5b | -CA$473,268,544.00 | 19x | -24.5x | 0.7x |
| Fri, 15 Apr 2022 | CA$11.7b | CA$14.4b | -CA$604,166,893.00 | 15x | -19.4x | 0.8x |
| Sun, 13 Mar 2022 | CA$10.2b | CA$14.2b | -CA$485,867,302.00 | 13.9x | -21x | 0.7x |
| Tue, 08 Feb 2022 | CA$9.6b | CA$13.0b | -CA$206,228,038.00 | 11.9x | -46.6x | 0.7x |
Price to Earnings Ratio
-46.6x
Current Industry PE
- Investors are optimistic on the Canadian Energy Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 12.3x which is higher than its 3-year average PE of 1.6x.
- 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 | -0.47% | |
| Energy | -3.30% | |
| Energy Services | -5.48% | |
| Oil and Gas Services | -5.46% | |
| Oil and Gas Drilling | -5.59% | |
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 18.2x.
- Analysts are expecting annual earnings growth of 31.6%, which is higher than its past year's earnings decline of 15.1% 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 32% over the next 5 years.
- This is better than its past earnings decline of 15% per year.
- In contrast, the Oil and Gas Drilling industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| CPS Canadian Premium Sand | CA$0.34 | 11.7% +CA$2.9m | 11.7% | PE-6.7x | |
| PSD Pulse Seismic | CA$2.49 | 2.0% +CA$2.5m | 33.2% | PE11.6x | |
| STEP STEP Energy Services | CA$4.43 | 0.5% +CA$1.4m | 1.8% | PE7.8x | |
| CTEK Cleantek Industries | CA$0.34 | 15.5% +CA$1.3m | 97.1% | PS0.8x | |
| SDI Stampede Drilling | CA$0.17 | 2.9% +CA$1.0m | -18.6% | PE4.7x |
