Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Canadian (TSX) Energy Services Industry Analysis

UpdatedOct 02, 2025
DataAggregated Company Financials
Companies25
  • 7D2.5%
  • 3M6.3%
  • 1Y17.1%
  • YTD0.9%

In the last week, the Energy Services industry is up 2.5%, with CES Energy Solutions up 5.7%. This takes the industry's 12 month performance to a gain of 17%. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Oct 2025CA$14.3bCA$20.3bCA$985.5m10.8x14.5x0.7x
Sun, 31 Aug 2025CA$13.7bCA$20.2bCA$982.8m10x13.9x0.7x
Tue, 29 Jul 2025CA$13.6bCA$19.9bCA$964.2m9.6x14.1x0.7x
Thu, 26 Jun 2025CA$13.1bCA$19.9bCA$955.3m9.5x13.7x0.7x
Sat, 24 May 2025CA$11.8bCA$19.9bCA$955.3m8.6x12.4x0.6x
Mon, 21 Apr 2025CA$11.3bCA$19.6bCA$881.8m7.4x12.8x0.6x
Wed, 19 Mar 2025CA$12.1bCA$19.8bCA$871.0m8.4x13.9x0.6x
Fri, 14 Feb 2025CA$13.4bCA$19.8bCA$1.0b10.1x13.2x0.7x
Sun, 12 Jan 2025CA$14.2bCA$19.9bCA$1.1b10.3x12.5x0.7x
Tue, 10 Dec 2024CA$14.0bCA$19.7bCA$1.1b10.6x12.3x0.7x
Thu, 07 Nov 2024CA$13.0bCA$19.5bCA$1.2b9.9x10.7x0.7x
Sat, 05 Oct 2024CA$12.5bCA$19.4bCA$1.2b8.8x10.3x0.6x
Mon, 02 Sep 2024CA$15.8bCA$29.3bCA$1.8b8.8x8.9x0.5x
Wed, 31 Jul 2024CA$15.7bCA$28.4bCA$1.8b8.5x8.7x0.6x
Fri, 28 Jun 2024CA$15.3bCA$28.3bCA$1.8b8.4x8.5x0.5x
Sun, 26 May 2024CA$15.0bCA$28.3bCA$1.8b7.7x8.3x0.5x
Tue, 23 Apr 2024CA$14.8bCA$27.4bCA$1.5b7.9x9.6x0.5x
Thu, 21 Mar 2024CA$14.4bCA$27.4bCA$1.6b7.1x9.3x0.5x
Sat, 17 Feb 2024CA$13.8bCA$27.5bCA$1.3b6.9x10.5x0.5x
Mon, 15 Jan 2024CA$12.9bCA$28.1bCA$1.2b7.2x10.8x0.5x
Wed, 13 Dec 2023CA$11.9bCA$28.1bCA$1.2b6.7x10x0.4x
Fri, 10 Nov 2023CA$12.1bCA$27.2bCA$1.2b7.6x10.1x0.4x
Sun, 08 Oct 2023CA$12.4bCA$27.1bCA$1.2b7.5x10.3x0.5x
Tue, 05 Sep 2023CA$13.7bCA$27.1bCA$1.2b8.3x11.3x0.5x
Thu, 03 Aug 2023CA$12.9bCA$26.1bCA$1.1b7.5x11.8x0.5x
Sat, 01 Jul 2023CA$11.8bCA$26.3bCA$1.1b7.2x10.6x0.4x
Mon, 29 May 2023CA$11.2bCA$26.3bCA$1.1b6.9x10.2x0.4x
Wed, 26 Apr 2023CA$11.6bCA$24.3bCA$669.1m9x17.3x0.5x
Fri, 24 Mar 2023CA$11.2bCA$24.2bCA$661.4m8.6x16.9x0.5x
Sun, 19 Feb 2023CA$13.1bCA$22.6bCA$287.0m11.6x45.7x0.6x
Tue, 17 Jan 2023CA$14.0bCA$22.3bCA$253.5m13.8x55.3x0.6x
Thu, 15 Dec 2022CA$13.1bCA$22.3bCA$253.3m12.8x51.8x0.6x
Sat, 12 Nov 2022CA$13.4bCA$22.0bCA$200.8m13.5x66.8x0.6x
Mon, 10 Oct 2022CA$10.6bCA$19.4b-CA$156,837,204.0012.4x-67.5x0.5x
Price to Earnings Ratio

-67.5x


Total Market Cap: CA$10.6bTotal Earnings: -CA$156,837,204.00Total Revenue: CA$19.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Energy Services Industry Price to Earnings3Y Average 13.1x202320242025
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 14.5x which is higher than its 3-year average PE of 13.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.56x.
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 remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Canadian Energy industry?

CA Market0.89%
Energy-1.41%
Energy Services2.48%
Oil and Gas Services3.02%
Oil and Gas Drilling-0.37%
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 21.2x.
    • Analysts are expecting annual earnings growth of 9.9%, which is higher than its past year's earnings decline of 15.6% 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 Drilling industry, expecting annual earnings growth of 31% over the next 5 years.
  • This is better than its past earnings decline of 40% per year.
  • In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 9.9% 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$9.495.7%
+CA$110.9m		24.4%PE11.2x
STEP STEP Energy ServicesCA$5.3625.8%
+CA$80.2m		37.8%PS0.4x
TVK TerraVest IndustriesCA$142.352.6%
+CA$77.9m		42.1%PE38.5x
TCW Trican Well ServiceCA$6.333.3%
+CA$42.4m		26.9%PE13x
NOA North American Construction GroupCA$20.346.2%
+CA$34.6m		-19.7%PE17.3x

Latest News

TCW
CA$6.33
Trican Well Service
7D
3.3%
1Y
26.9%
EFX
CA$15.39
Enerflex
7D
1.7%
1Y
79.2%
STEP
CA$5.36
STEP Energy Services
7D
25.8%
1Y
37.8%
PD
CA$79.38
Precision Drilling
7D
-2.6%
1Y
-6.0%
NOA
CA$20.34
North American Construction Group
7D
6.2%
1Y
-19.7%
PSI
CA$12.08
Pason Systems
7D
-1.4%
1Y
-13.5%
CEU
CA$9.49
CES Energy Solutions
7D
5.7%
1Y
24.4%
TVK
CA$142.35
TerraVest Industries
7D
2.6%
1Y
42.1%
TOT
CA$14.57
Total Energy Services
7D
1.8%
1Y
51.5%
CTEK
CA$0.43
Cleantek Industries
7D
-4.4%
1Y
186.7%
CPS
CA$0.14
Canadian Premium Sand
7D
-10.0%
1Y
-53.4%
SHLE
CA$13.50
Source Energy Services
7D
-4.9%
1Y
16.5%

We Like These Underlying Return On Capital Trends At Source Energy Services (TSE:SHLE)

Aug 23
We Like These Underlying Return On Capital Trends At Source Energy Services (TSE:SHLE)
HWO
CA$0.85
High Arctic Energy Services
7D
-2.3%
1Y
-26.1%
MATR
CA$10.78
Mattr
7D
-1.4%
1Y
-24.3%
WRG
CA$2.06
Western Energy Services
7D
-9.6%
1Y
-22.3%
ESI
CA$2.57
Ensign Energy Services
7D
3.6%
1Y
-0.8%