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Canadian (TSX) Energy Services Industry Analysis
UpdatedMar 07, 2025
DataAggregated Company Financials
Companies23
- 7D-8.2%
- 3M-17.2%
- 1Y3.9%
- YTD-19.4%
Over the last 7 days, the Energy Services industry has dropped 8.2%, driven by declines in TerraVest Industries and CES Energy Solutions of 10% and 12%, respectively. On the other hand McCoy Global is actually up 7.8%. Over the past 12 months, the industry was up 3.9%. As for the next few years, earnings are expected to grow by 17% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 07 Mar 2025 | CA$11.6b | CA$19.8b | CA$993.6m | 8.4x | 11.6x | 0.6x |
| Sun, 02 Feb 2025 | CA$13.7b | CA$19.9b | CA$1.1b | 9.9x | 12.1x | 0.7x |
| Tue, 31 Dec 2024 | CA$13.8b | CA$19.8b | CA$1.1b | 10.3x | 12.2x | 0.7x |
| Thu, 28 Nov 2024 | CA$13.9b | CA$19.7b | CA$1.1b | 10.6x | 12.2x | 0.7x |
| Sat, 26 Oct 2024 | CA$12.1b | CA$19.4b | CA$1.2b | 9.4x | 10x | 0.6x |
| Mon, 23 Sep 2024 | CA$12.3b | CA$19.4b | CA$1.2b | 8.6x | 10.1x | 0.6x |
| Wed, 21 Aug 2024 | CA$15.5b | CA$29.3b | CA$1.8b | 8.2x | 8.7x | 0.5x |
| Fri, 19 Jul 2024 | CA$16.0b | CA$28.4b | CA$1.8b | 8.1x | 9x | 0.6x |
| Sun, 16 Jun 2024 | CA$14.9b | CA$28.4b | CA$1.8b | 8x | 8.2x | 0.5x |
| Tue, 14 May 2024 | CA$14.9b | CA$28.4b | CA$1.8b | 7.8x | 8.1x | 0.5x |
| Thu, 11 Apr 2024 | CA$15.4b | CA$27.5b | CA$1.5b | 8.1x | 9.9x | 0.6x |
| Sat, 09 Mar 2024 | CA$14.3b | CA$27.8b | CA$1.5b | 7.2x | 9.7x | 0.5x |
| Mon, 05 Feb 2024 | CA$13.7b | CA$28.1b | CA$1.2b | 7.5x | 11.5x | 0.5x |
| Wed, 03 Jan 2024 | CA$12.7b | CA$28.1b | CA$1.2b | 7.2x | 10.7x | 0.5x |
| Fri, 01 Dec 2023 | CA$12.1b | CA$28.1b | CA$1.2b | 7.6x | 10.2x | 0.4x |
| Sun, 29 Oct 2023 | CA$12.1b | CA$27.1b | CA$1.2b | 7.9x | 10.1x | 0.4x |
| Tue, 26 Sep 2023 | CA$13.6b | CA$27.1b | CA$1.2b | 8.5x | 11.2x | 0.5x |
| Thu, 24 Aug 2023 | CA$13.2b | CA$27.1b | CA$1.2b | 7.9x | 10.9x | 0.5x |
| Sat, 22 Jul 2023 | CA$12.9b | CA$26.3b | CA$1.1b | 7.9x | 11.6x | 0.5x |
| Mon, 19 Jun 2023 | CA$11.3b | CA$26.3b | CA$1.1b | 7x | 10.1x | 0.4x |
| Wed, 17 May 2023 | CA$11.1b | CA$26.3b | CA$1.1b | 6.6x | 10.1x | 0.4x |
| Fri, 14 Apr 2023 | CA$11.8b | CA$24.2b | CA$656.9m | 9.3x | 17.9x | 0.5x |
| Sun, 12 Mar 2023 | CA$12.2b | CA$24.1b | CA$601.5m | 9.6x | 20.3x | 0.5x |
| Tue, 07 Feb 2023 | CA$13.4b | CA$22.3b | CA$253.5m | 11.8x | 52.8x | 0.6x |
| Thu, 05 Jan 2023 | CA$12.6b | CA$22.3b | CA$253.5m | 11.4x | 49.8x | 0.6x |
| Sat, 03 Dec 2022 | CA$13.5b | CA$22.2b | CA$251.7m | 12.8x | 53.8x | 0.6x |
| Mon, 31 Oct 2022 | CA$12.2b | CA$19.6b | -CA$67,718,204.00 | 14.3x | -180.3x | 0.6x |
| Wed, 28 Sep 2022 | CA$9.6b | CA$19.4b | -CA$156,837,204.00 | 11.8x | -61x | 0.5x |
| Fri, 26 Aug 2022 | CA$11.3b | CA$19.4b | -CA$127,533,279.00 | 13.1x | -88.4x | 0.6x |
| Sun, 24 Jul 2022 | CA$9.9b | CA$16.5b | -CA$484,564,277.00 | 16.2x | -20.5x | 0.6x |
| Tue, 21 Jun 2022 | CA$10.8b | CA$16.5b | -CA$472,639,277.00 | 18.1x | -22.8x | 0.7x |
| Thu, 19 May 2022 | CA$11.7b | CA$16.5b | -CA$473,268,544.00 | 19.3x | -24.7x | 0.7x |
| Sat, 16 Apr 2022 | CA$11.7b | CA$14.4b | -CA$604,166,893.00 | 15x | -19.4x | 0.8x |
| Mon, 14 Mar 2022 | CA$10.2b | CA$14.2b | -CA$486,110,302.00 | 13.9x | -21x | 0.7x |
Price to Earnings Ratio
-21x
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 11.6x which is higher than its 3-year average PE of 3.6x.
- 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 12% 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 | -2.03% | |
| Energy | -3.68% | |
| Energy Services | -8.16% | |
| Oil and Gas Services | -8.12% | |
| Oil and Gas Drilling | -8.36% | |
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 16.7x.
- Analysts are expecting annual earnings growth of 16.2%, which is higher than its past year's earnings decline of 25.5% 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 18% over the next 5 years.
- This is better than its past earnings decline of 36% per year.
- In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| MCB McCoy Global | CA$2.75 | 7.8% +CA$5.4m | 31.0% | PE8.4x |