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Canadian (TSX) Energy Services Industry Analysis

UpdatedJul 10, 2026
DataAggregated Company Financials
Companies24
  • 7D1.4%
  • 3M-3.0%
  • 1Y43.5%
  • YTD15.6%

In the last week, the Energy Services industry is up 1.4%, with Enerflex up 4.3%. This takes the industry's 12 month performance to a gain of 44%. Earnings are forecast to grow by 32% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Jul 2026CA$18.4bCA$19.7bCA$739.3m16x24.9x0.9x
Sun, 07 Jun 2026CA$19.7bCA$20.9bCA$745.1m17.2x26.5x0.9x
Tue, 05 May 2026CA$20.9bCA$20.6bCA$832.1m13.1x25.1x1x
Thu, 02 Apr 2026CA$19.7bCA$20.7bCA$865.7m11.4x22.8x1x
Sat, 28 Feb 2026CA$19.6bCA$20.6bCA$786.3m12.9x24.9x1x
Mon, 26 Jan 2026CA$16.7bCA$20.3bCA$957.2m12.8x17.5x0.8x
Wed, 24 Dec 2025CA$15.6bCA$20.3bCA$957.2m11.2x16.3x0.8x
Fri, 21 Nov 2025CA$14.4bCA$21.1bCA$948.3m11.1x15.2x0.7x
Sun, 19 Oct 2025CA$13.7bCA$20.3bCA$986.4m10.7x13.9x0.7x
Tue, 16 Sep 2025CA$13.8bCA$20.2bCA$983.3m11.1x14x0.7x
Thu, 14 Aug 2025CA$14.0bCA$19.9bCA$1.0b9.5x14x0.7x
Sat, 12 Jul 2025CA$13.7bCA$19.9bCA$954.9m11.5x14.4x0.7x
Mon, 09 Jun 2025CA$12.9bCA$19.9bCA$955.1m9.1x13.5x0.6x
Wed, 07 May 2025CA$11.6bCA$19.6bCA$841.5m8.1x13.8x0.6x
Fri, 04 Apr 2025CA$12.9bCA$19.7bCA$881.5m8.4x14.6x0.7x
Sun, 02 Mar 2025CA$12.3bCA$19.8bCA$992.5m9.2x12.4x0.6x
Tue, 28 Jan 2025CA$14.5bCA$19.8bCA$1.1b10.1x12.8x0.7x
Thu, 26 Dec 2024CA$13.9bCA$19.8bCA$1.1b10.3x12.3x0.7x
Sat, 23 Nov 2024CA$14.3bCA$19.7bCA$1.2b10.6x12.4x0.7x
Mon, 21 Oct 2024CA$12.2bCA$19.4bCA$1.2b9.2x10x0.6x
Wed, 18 Sep 2024CA$12.0bCA$19.4bCA$1.2b8.4x9.9x0.6x
Fri, 16 Aug 2024CA$15.4bCA$29.4bCA$1.8b8.4x8.6x0.5x
Sun, 14 Jul 2024CA$15.6bCA$28.3bCA$1.8b8.3x8.6x0.5x
Tue, 11 Jun 2024CA$15.2bCA$28.4bCA$1.8b8.3x8.4x0.5x
Thu, 09 May 2024CA$14.9bCA$28.3bCA$1.8b8x8.3x0.5x
Sat, 06 Apr 2024CA$15.3bCA$27.5bCA$1.5b8.3x10x0.6x
Mon, 04 Mar 2024CA$14.3bCA$27.8bCA$1.3b7.2x10.8x0.5x
Wed, 31 Jan 2024CA$14.1bCA$28.1bCA$1.2b8.1x11.9x0.5x
Fri, 29 Dec 2023CA$12.9bCA$28.1bCA$1.2b7.3x10.9x0.5x
Sun, 26 Nov 2023CA$12.1bCA$28.1bCA$1.2b7.7x10.1x0.4x
Tue, 24 Oct 2023CA$12.1bCA$27.1bCA$1.2b7.6x10x0.4x
Thu, 21 Sep 2023CA$13.7bCA$27.1bCA$1.2b8.6x11.4x0.5x
Sat, 19 Aug 2023CA$12.9bCA$27.1bCA$1.2b7.9x10.7x0.5x
Mon, 17 Jul 2023CA$12.3bCA$26.3bCA$1.1b7.5x11.1x0.5x
Price to Earnings Ratio

11.1x


Total Market Cap: CA$12.3bTotal Earnings: CA$1.1bTotal Revenue: CA$26.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Energy Services Industry Price to Earnings3Y Average 13.6x202420252026
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 24.9x which is higher than its 3-year average PE of 13.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.65x.
Past Earnings Growth
  • The earnings for companies in the Energy Services industry have declined 13% per year over the last three years,
  • Revenues have also declined 9.2% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

CA Market0.53%
Energy3.29%
Energy Services1.44%
Oil and Gas Drilling3.40%
Oil and Gas Services1.04%
Industry PE
  • Investors are most optimistic about the Oil and Gas Services industry which is trading above its 3-year average PE ratio of 14.0x.
    • Analysts are expecting annual earnings growth of 22.0%, which is higher than its past year's earnings decline of 9.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 97% over the next 5 years.
  • This is better than its past earnings decline of 50% per year.
  • In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 22% 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
EFX EnerflexCA$34.144.3%
+CA$172.1m		218.2%PE35.4x
PD Precision DrillingCA$114.386.7%
+CA$92.9m		63.4%PS0.8x
TOT Total Energy ServicesCA$22.904.8%
+CA$38.5m		115.6%PE10.6x
PSI Pason SystemsCA$12.923.3%
+CA$31.8m		0.08%PE21.7x
NOA North American Construction GroupCA$19.456.3%
+CA$31.4m		-14.8%PE15.9x

Latest News

NOA
CA$19.45
North American Construction Group
7D
6.3%
1Y
-14.8%
CEU
CA$16.21
CES Energy Solutions
7D
-1.0%
1Y
124.5%
TVK
CA$116.22
TerraVest Industries
7D
-2.3%
1Y
-30.1%
TOT
CA$22.90
Total Energy Services
7D
4.8%
1Y
115.6%
TCW
CA$6.65
Trican Well Service
7D
-0.6%
1Y
13.3%
AKT
CA$3.50
AKITA Drilling
7D
-10.0%
1Y
n/a
EFX
CA$34.14
Enerflex
7D
4.3%
1Y
218.2%
Narrative Update • Jul 02

EFX: Five-Year Margin Roadmap Will Drive Re-Rating Potential

Enerflex's updated analyst price target has moved from CA$26 to CA$42 as analysts respond to the company's recent investor update, which outlined plans for revenue growth, margin expansion, and long term value creation. Analyst Commentary Recent research on Enerflex has centered on the company’s virtual investor update, with analysts reacting to the outlined plans for growth, margin expansion, and long term value creation.
ESI
CA$3.39
Ensign Energy Services
7D
4.0%
1Y
46.8%
PD
CA$114.38
Precision Drilling
7D
6.7%
1Y
63.4%
SHLE
CA$13.95
Source Energy Services
7D
-1.7%
1Y
-1.3%
PSI
CA$12.92
Pason Systems
7D
3.3%
1Y
0.08%
Narrative Update • Jun 25

PSI: Higher P/E Confidence And Buybacks Will Support Future Upside

Analysts have lifted their price target on Pason Systems by CA$2, citing updated assumptions on future P/E multiples and recent Street research that includes a target increase at BMO Capital and an upgrade at TD Securities. Analyst Commentary Recent research coverage on Pason Systems provides a mix of optimism and caution around the stock's valuation, its ability to execute on current plans, and the durability of its growth profile.
FLNT
CA$1.44
Flint
7D
2.9%
1Y
44.0%
PHX
CA$10.34
PHX Energy Services
7D
0.9%
1Y
23.4%
CFW
CA$5.96
Calfrac Well Services
7D
-2.6%
1Y
74.3%
Narrative Update • Jun 17

CFW: Rating Upgrades And CFO Transition Will Support Future Earnings

Analysts have nudged their price target for Calfrac Well Services stock to CA$8.00 from CA$7.50, citing updated assumptions on discount rates and earnings multiples following recent research updates. Analyst Commentary Recent research on Calfrac Well Services stock points to a more constructive stance on valuation, with analysts revisiting their assumptions on discount rates and earnings multiples to support the new CA$8.00 price target.
MCB
CA$2.16
McCoy Global
7D
-4.4%
1Y
-48.1%
SDI
CA$0.21
Stampede Drilling
7D
-8.7%
1Y
44.8%