Does Ensign Energy Services (TSE:ESI) Deserve A Spot On Your Watchlist?
Apr 18
Canadian (TSX) Energy Services Industry Analysis
UpdatedApr 19, 2024
DataAggregated Company Financials
Companies24
- 7D-5.9%
- 3M14.2%
- 1Y39.9%
- YTD19.3%
Over the last 7 days, the Energy Services industry has dropped 4.5%, driven by a pullback from Secure Energy Services of 4.2%. Over the past 12 months, the industry was up 42%. As for the next few years, earnings are expected to grow by 8.3% 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, 19 Apr 2024 | CA$14.7b | CA$27.4b | CA$1.5b | 7.8x | 9.5x | 0.5x |
| Sun, 17 Mar 2024 | CA$14.2b | CA$27.4b | CA$1.6b | 7.5x | 9.1x | 0.5x |
| Tue, 13 Feb 2024 | CA$13.7b | CA$27.4b | CA$1.3b | 7x | 10.5x | 0.5x |
| Thu, 11 Jan 2024 | CA$12.7b | CA$28.1b | CA$1.2b | 7.1x | 10.7x | 0.5x |
| Sat, 09 Dec 2023 | CA$11.8b | CA$28.1b | CA$1.2b | 7.2x | 9.9x | 0.4x |
| Mon, 06 Nov 2023 | CA$12.5b | CA$27.2b | CA$1.1b | 7.6x | 11x | 0.5x |
| Wed, 04 Oct 2023 | CA$12.5b | CA$27.1b | CA$1.2b | 7.9x | 10.4x | 0.5x |
| Fri, 01 Sep 2023 | CA$13.4b | CA$27.1b | CA$1.2b | 8x | 11.1x | 0.5x |
| Sun, 30 Jul 2023 | CA$13.3b | CA$26.2b | CA$1.1b | 8.3x | 12x | 0.5x |
| Tue, 27 Jun 2023 | CA$11.1b | CA$26.3b | CA$1.1b | 6.8x | 10x | 0.4x |
| Thu, 25 May 2023 | CA$11.4b | CA$26.3b | CA$1.1b | 7.1x | 10.3x | 0.4x |
| Sat, 22 Apr 2023 | CA$11.5b | CA$24.3b | CA$669.1m | 8.7x | 17.3x | 0.5x |
| Mon, 20 Mar 2023 | CA$11.1b | CA$24.2b | CA$647.8m | 8.6x | 17.2x | 0.5x |
| Wed, 15 Feb 2023 | CA$13.6b | CA$22.5b | CA$286.3m | 12.5x | 47.7x | 0.6x |
| Fri, 13 Jan 2023 | CA$14.0b | CA$22.3b | CA$253.5m | 13.6x | 55.1x | 0.6x |
| Sun, 11 Dec 2022 | CA$12.7b | CA$22.2b | CA$251.7m | 12.5x | 50.5x | 0.6x |
| Tue, 08 Nov 2022 | CA$13.1b | CA$21.0b | CA$189.4m | 15.5x | 68.9x | 0.6x |
| Thu, 06 Oct 2022 | CA$10.7b | CA$19.4b | -CA$156,837,204.00 | 12.7x | -68.3x | 0.6x |
| Sat, 03 Sep 2022 | CA$10.5b | CA$19.4b | -CA$156,837,204.00 | 12.3x | -66.7x | 0.5x |
| Mon, 01 Aug 2022 | CA$11.0b | CA$18.4b | -CA$265,412,438.00 | 16.9x | -41.6x | 0.6x |
| Wed, 29 Jun 2022 | CA$10.8b | CA$16.5b | -CA$472,639,277.00 | 19x | -23x | 0.7x |
| Fri, 27 May 2022 | CA$12.0b | CA$16.5b | -CA$472,609,544.00 | 20.5x | -25.5x | 0.7x |
| Sun, 24 Apr 2022 | CA$11.5b | CA$14.4b | -CA$606,717,893.00 | 15.6x | -18.9x | 0.8x |
| Tue, 22 Mar 2022 | CA$10.3b | CA$14.3b | -CA$606,699,302.00 | 13.2x | -17x | 0.7x |
| Thu, 17 Feb 2022 | CA$10.3b | CA$13.1b | -CA$197,690,038.00 | 12.9x | -52.1x | 0.8x |
| Sat, 15 Jan 2022 | CA$9.5b | CA$13.0b | -CA$206,002,272.00 | 12.5x | -46.1x | 0.7x |
| Mon, 13 Dec 2021 | CA$8.2b | CA$13.0b | -CA$205,118,559.00 | 13.6x | -40.2x | 0.6x |
| Wed, 10 Nov 2021 | CA$9.4b | CA$12.6b | -CA$244,460,998.00 | 14.2x | -38.6x | 0.7x |
| Fri, 08 Oct 2021 | CA$8.7b | CA$11.2b | -CA$350,199,515.00 | 13.4x | -25x | 0.8x |
| Sun, 05 Sep 2021 | CA$7.5b | CA$11.2b | -CA$353,548,483.00 | 12.5x | -21.1x | 0.7x |
| Tue, 03 Aug 2021 | CA$7.4b | CA$11.2b | -CA$353,548,483.00 | 12.6x | -20.9x | 0.7x |
| Fri, 07 May 2021 | CA$6.6b | CA$10.4b | -CA$758,944,797.00 | 17.7x | -8.7x | 0.6x |
Price to Earnings Ratio
-8.7x
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 9.6x which is higher than its 3-year average PE of -7.7x.
- 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 Market | -1.94% | |
| Energy | -2.70% | |
| Energy Services | -5.88% | |
| Oil and Gas Services | -5.59% | |
| Oil and Gas Drilling | -7.18% | |
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 40.8x.
- Analysts are expecting annual earnings growth of 9.2%, 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 9.2% 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 4.6% 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 | |
|---|---|---|---|---|---|
| CFW Calfrac Well Services | CA$4.67 | 2.0% +CA$7.7m | 10.4% | PE2x | |
| HWO High Arctic Energy Services | CA$1.26 | 3.3% +CA$2.0m | 7.7% | PS1x | |
| MCB McCoy Global | CA$1.89 | 2.2% +CA$1.1m | 30.3% | PE7.8x | |
| FLNT Flint | CA$0.03 | 20.0% +CA$550.0k | -33.3% | PS0.005x |
