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Canadian (TSX) Oil and Gas Drilling Industry Analysis

UpdatedSep 27, 2025
DataAggregated Company Financials
Companies8
  • 7D4.5%
  • 3M12.7%
  • 1Y-6.3%
  • YTDn/a

In the last week, the Oil and Gas Drilling industry is up 2.6%, with Precision Drilling up 4.5%. Meanwhile, High Arctic Overseas Holdings actually underperformed within the industry, shrinking 7.8% in the last week. However, the industry is down 5.7% over the past year. Looking forward, earnings are forecast to grow by 31% annually.

Industry Valuation and Performance

Has the Canadian Oil and Gas Drilling Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Sep 2025CA$2.2bCA$5.3bCA$175.1m6.8x12.8x0.4x
Mon, 25 Aug 2025CA$2.2bCA$5.3bCA$175.1m6.7x12.4x0.4x
Wed, 23 Jul 2025CA$2.1bCA$5.3bCA$218.4m6.5x9.4x0.4x
Fri, 20 Jun 2025CA$2.2bCA$5.3bCA$218.4m7x10x0.4x
Sun, 18 May 2025CA$1.9bCA$5.3bCA$221.9m5.5x8.7x0.4x
Tue, 15 Apr 2025CA$1.8bCA$5.3bCA$213.8m6.3x8.6x0.3x
Thu, 13 Mar 2025CA$2.0bCA$5.3bCA$203.3m5x9.9x0.4x
Sat, 08 Feb 2025CA$2.5bCA$5.3bCA$395.4m5.1x6.3x0.5x
Mon, 06 Jan 2025CA$2.8bCA$5.3bCA$395.4m5.6x7x0.5x
Wed, 04 Dec 2024CA$2.7bCA$5.3bCA$395.4m5.6x6.7x0.5x
Fri, 01 Nov 2024CA$2.5bCA$5.4bCA$383.8m7x6.5x0.5x
Sun, 29 Sep 2024CA$2.5bCA$5.3bCA$364.3m7x6.9x0.5x
Tue, 27 Aug 2024CA$2.8bCA$5.3bCA$364.3m7.7x7.6x0.5x
Thu, 25 Jul 2024CA$2.8bCA$5.4bCA$396.5m5.5x7.1x0.5x
Sat, 22 Jun 2024CA$2.5bCA$5.4bCA$394.0m5.1x6.5x0.5x
Mon, 20 May 2024CA$2.7bCA$5.4bCA$394.0m5.6x6.9x0.5x
Wed, 17 Apr 2024CA$2.7bCA$5.5bCA$461.4m4.9x5.8x0.5x
Fri, 15 Mar 2024CA$2.5bCA$5.5bCA$480.1m4.4x5.3x0.5x
Sun, 11 Feb 2024CA$2.5bCA$5.5bCA$446.4m4.8x5.6x0.5x
Tue, 09 Jan 2024CA$2.2bCA$5.5bCA$303.2m5.9x7.4x0.4x
Thu, 07 Dec 2023CA$2.2bCA$5.5bCA$303.2m5.9x7.2x0.4x
Sat, 04 Nov 2023CA$2.3bCA$5.4bCA$294.0m6.8x7.9x0.4x
Mon, 02 Oct 2023CA$2.8bCA$5.4bCA$328.9m7.2x8.4x0.5x
Wed, 30 Aug 2023CA$2.6bCA$5.4bCA$328.9m6.6x7.9x0.5x
Fri, 28 Jul 2023CA$2.3bCA$5.1bCA$217.6m7.8x10.5x0.4x
Sun, 25 Jun 2023CA$1.8bCA$5.1bCA$260.7m5.2x6.9x0.4x
Tue, 23 May 2023CA$2.0bCA$5.1bCA$260.7m5.3x7.5x0.4x
Thu, 20 Apr 2023CA$2.2bCA$4.5bCA$78.0m9.7x28.6x0.5x
Sat, 18 Mar 2023CA$2.2bCA$4.4bCA$53.0m8x41.6x0.5x
Mon, 13 Feb 2023CA$2.8bCA$4.1b-CA$5,627,265.0012.7x-489.3x0.7x
Wed, 11 Jan 2023CA$3.0bCA$3.9b-CA$36,446,265.0012.7x-82.7x0.8x
Fri, 09 Dec 2022CA$2.9bCA$3.9b-CA$36,446,265.0013.1x-79.6x0.7x
Sun, 06 Nov 2022CA$3.1bCA$3.6b-CA$117,356,171.0018.6x-26.1x0.9x
Tue, 04 Oct 2022CA$2.1bCA$3.4b-CA$197,568,171.0012.9x-10.8x0.6x
Price to Earnings Ratio

-10.8x


Total Market Cap: CA$2.1bTotal Earnings: -CA$197,568,171.00Total Revenue: CA$3.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Oil and Gas Drilling Industry Price to Earnings3Y Average -8x202320242025
Current Industry PE
  • Investors are pessimistic on the Canadian Oil and Gas Drilling 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 12.8x which is higher than its 3-year average PE of -8.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.49x.
Past Earnings Growth
  • Total earnings for the Oil and Gas Drilling industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 16% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Comparison

How does Canadian Oil and Gas Drilling compare with similar industries?

CA Market0.44%
Energy3.06%
Energy Services3.59%
Oil and Gas Drilling4.53%
Oil and Gas Services3.42%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
PD Precision DrillingCA$82.304.5%
+CA$46.8m		-1.4%PE10.4x
ESI Ensign Energy ServicesCA$2.454.7%
+CA$20.2m		-7.2%PS0.3x
PHX PHX Energy ServicesCA$7.944.3%
+CA$14.9m		-12.2%PE6.8x
ACX ACT Energy TechnologiesCA$4.905.8%
+CA$9.1m		-18.3%PE4.3x
WRG Western Energy ServicesCA$2.155.9%
+CA$4.1m		-18.9%PS0.3x

Latest News

PD
CA$82.30
Precision Drilling
7D
4.5%
1Y
-1.4%
SDI
CA$0.16
Stampede Drilling
7D
3.2%
1Y
-28.9%
PHX
CA$7.94
PHX Energy Services
7D
4.3%
1Y
-12.2%
WRG
CA$2.15
Western Energy Services
7D
5.9%
1Y
-18.9%
ESI
CA$2.45
Ensign Energy Services
7D
4.7%
1Y
-7.2%
ACX
CA$4.90
ACT Energy Technologies
7D
5.8%
1Y
-18.3%
AKT.A
CA$2.02
AKITA Drilling
7D
3.6%
1Y
37.4%
HOH
CA$1.06
High Arctic Overseas Holdings
7D
-7.8%
1Y
-29.8%