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Canadian (TSX) Energy Services Industry Analysis

UpdatedMar 19, 2024
DataAggregated Company Financials
Companies25
  • 7D0.3%
  • 3M17.2%
  • 1Y42.3%
  • YTD16.2%

The Energy Services is pretty flat in the last 7 days, but Mattr has stood out, gaining 11%. The past year has been better, since the industry has gained 41% in that time. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024CA$14.3bCA$27.4bCA$1.6b7.4x9.2x0.5x
Thu, 15 Feb 2024CA$13.5bCA$27.4bCA$1.3b6.7x10.4x0.5x
Sat, 13 Jan 2024CA$12.9bCA$28.1bCA$1.2b7.2x10.8x0.5x
Mon, 11 Dec 2023CA$12.0bCA$28.1bCA$1.2b7.2x10.1x0.4x
Wed, 08 Nov 2023CA$12.5bCA$27.2bCA$1.1b7.4x11x0.5x
Fri, 06 Oct 2023CA$12.3bCA$27.1bCA$1.2b7.4x10.2x0.5x
Sun, 03 Sep 2023CA$13.7bCA$27.1bCA$1.2b8.3x11.3x0.5x
Tue, 01 Aug 2023CA$13.6bCA$26.2bCA$1.1b8.2x12.3x0.5x
Thu, 29 Jun 2023CA$11.3bCA$26.3bCA$1.1b7x10.2x0.4x
Sat, 27 May 2023CA$11.2bCA$26.3bCA$1.1b6.9x10.2x0.4x
Mon, 24 Apr 2023CA$11.5bCA$24.3bCA$669.1m8.7x17.3x0.5x
Wed, 22 Mar 2023CA$11.5bCA$24.2bCA$661.4m8.8x17.4x0.5x
Fri, 17 Feb 2023CA$13.4bCA$22.5bCA$286.3m11.9x46.8x0.6x
Sun, 15 Jan 2023CA$14.0bCA$22.3bCA$253.5m13.9x55.4x0.6x
Tue, 13 Dec 2022CA$12.8bCA$22.2bCA$251.7m12.5x51.1x0.6x
Thu, 10 Nov 2022CA$12.8bCA$21.1bCA$198.7m12.8x64.5x0.6x
Sat, 08 Oct 2022CA$10.6bCA$19.4b-CA$156,837,204.0012.4x-67.5x0.5x
Mon, 05 Sep 2022CA$10.5bCA$19.4b-CA$156,837,204.0012.3x-66.7x0.5x
Wed, 03 Aug 2022CA$10.8bCA$18.4b-CA$265,412,438.0017x-40.8x0.6x
Fri, 01 Jul 2022CA$10.4bCA$16.5b-CA$472,639,277.0017.2x-22.1x0.6x
Sun, 29 May 2022CA$12.3bCA$16.5b-CA$473,159,544.0019.8x-25.9x0.7x
Tue, 26 Apr 2022CA$11.5bCA$14.4b-CA$606,717,893.0014.8x-19x0.8x
Thu, 24 Mar 2022CA$10.4bCA$14.3b-CA$606,699,302.0013.2x-17.1x0.7x
Sat, 19 Feb 2022CA$10.0bCA$13.2b-CA$192,426,038.0012.6x-52.1x0.8x
Mon, 17 Jan 2022CA$9.5bCA$13.0b-CA$206,002,272.0012.5x-46.1x0.7x
Wed, 15 Dec 2021CA$8.0bCA$13.0b-CA$205,118,559.0013.1x-39x0.6x
Fri, 12 Nov 2021CA$9.2bCA$12.8b-CA$220,588,998.0013.2x-41.6x0.7x
Sun, 10 Oct 2021CA$9.0bCA$11.2b-CA$350,199,515.0013.8x-25.6x0.8x
Tue, 07 Sep 2021CA$7.4bCA$11.2b-CA$350,199,515.0012.4x-21x0.7x
Thu, 05 Aug 2021CA$7.3bCA$11.2b-CA$353,548,483.0012.9x-20.5x0.6x
Sun, 09 May 2021CA$6.6bCA$10.4b-CA$758,944,797.0017.7x-8.7x0.6x
Price to Earnings Ratio

-8.2x


Total Market Cap: CA$6.3bTotal Earnings: -CA$758,944,797.00Total Revenue: CA$10.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Energy Services Industry Price to Earnings3Y Average -8.2x202220232024
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 9.1x which is higher than its 3-year average PE of -8.2x.
  • The industry is trading close to its 3-year average PS ratio of 0.59x.
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 38% 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 Market0.24%
Energy2.08%
Energy Services0.33%
Oil and Gas Drilling3.23%
Oil and Gas Services-0.30%
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 40.1x.
    • Analysts are expecting annual earnings growth of 10.9%, which is higher than its past year's earnings growth of 2.3% 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 11% over the next 5 years.
  • This is better than its past earnings growth rate of 2.3% per year.
  • In contrast, the Oil and Gas Drilling industry is expected to see its earnings grow by 10% 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
MATR MattrCA$17.1311.5%
+CA$116.8m
45.5%PE20.3x
PD Precision DrillingCA$87.864.6%
+CA$56.2m
39.9%PE4.4x
TVK TerraVest IndustriesCA$57.394.4%
+CA$43.5m
117.8%PE21.9x
ESI Ensign Energy ServicesCA$2.778.6%
+CA$40.4m
-8.0%PE12.3x
TOT Total Energy ServicesCA$10.457.1%
+CA$27.6m
30.8%PE10x
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Latest News

PHX

CA$8.94

PHX Energy Services

7D

-2.1%

1Y

27.4%

CEU

CA$4.75

CES Energy Solutions

7D

0.8%

1Y

75.9%

STEP

CA$3.51

STEP Energy Services

7D

-18.6%

1Y

14.0%

PSI

CA$13.70

Pason Systems

7D

-2.6%

1Y

16.5%

SES

CA$11.62

Secure Energy Services

7D

1.8%

1Y

89.3%

MATR

CA$17.13

Mattr

7D

11.5%

1Y

45.5%

CFW

CA$4.10

Calfrac Well Services

7D

-13.9%

1Y

2.5%

TOT

CA$10.45

Total Energy Services

7D

7.1%

1Y

30.8%

NOA

CA$31.16

North American Construction Group

7D

-8.7%

1Y

41.3%

PD

CA$87.86

Precision Drilling

7D

4.6%

1Y

39.9%

TCW

CA$4.02

Trican Well Service

7D

-4.5%

1Y

35.8%

CWC

CA$0.16

CWC Energy Services

7D

-8.6%

1Y

-41.8%