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Canadian (TSX) Oil and Gas Drilling Industry Analysis

UpdatedFeb 05, 2025
DataAggregated Company Financials
Companies8
  • 7D-2.7%
  • 3M-5.1%
  • 1Y5.9%
  • YTDn/a

Over the last 7 days, the Oil and Gas Drilling industry has dropped 2.7%, driven by pullbacks in Precision Drilling and Ensign Energy Services of 3.0% and 5.7%, respectively. In the past year, the industry has gained 5.9%. As for the next few years, earnings are expected to grow by 2.5% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 05 Feb 2025CA$2.5bCA$5.3bCA$395.4m5.3x6.3x0.5x
Fri, 03 Jan 2025CA$2.6bCA$5.3bCA$395.4m5.6x6.7x0.5x
Sun, 01 Dec 2024CA$2.7bCA$5.3bCA$395.4m5.6x6.8x0.5x
Tue, 29 Oct 2024CA$2.6bCA$5.3bCA$364.3m7.1x7x0.5x
Thu, 26 Sep 2024CA$2.6bCA$5.3bCA$364.3m7.1x7.2x0.5x
Sat, 24 Aug 2024CA$2.7bCA$5.3bCA$364.3m7.6x7.3x0.5x
Mon, 22 Jul 2024CA$2.8bCA$5.4bCA$394.0m5.6x7.1x0.5x
Wed, 19 Jun 2024CA$2.5bCA$5.4bCA$394.0m5.1x6.4x0.5x
Fri, 17 May 2024CA$2.7bCA$5.4bCA$394.0m5.6x6.8x0.5x
Sun, 14 Apr 2024CA$2.8bCA$5.5bCA$461.4m4.8x6.1x0.5x
Tue, 12 Mar 2024CA$2.5bCA$5.5bCA$480.1m4.6x5.3x0.5x
Thu, 08 Feb 2024CA$2.5bCA$5.5bCA$446.4m4.8x5.5x0.4x
Sat, 06 Jan 2024CA$2.2bCA$5.5bCA$303.2m6x7.1x0.4x
Mon, 04 Dec 2023CA$2.3bCA$5.5bCA$303.2m6.4x7.7x0.4x
Wed, 01 Nov 2023CA$2.4bCA$5.4bCA$315.8m6.8x7.4x0.4x
Fri, 29 Sep 2023CA$2.9bCA$5.4bCA$328.9m7.3x8.7x0.5x
Sun, 27 Aug 2023CA$2.6bCA$5.4bCA$328.9m6.6x7.8x0.5x
Tue, 25 Jul 2023CA$2.3bCA$5.1bCA$260.7m5.4x8.7x0.4x
Thu, 22 Jun 2023CA$1.9bCA$5.1bCA$260.7m5.3x7.1x0.4x
Sat, 20 May 2023CA$2.0bCA$5.1bCA$260.7m5.3x7.5x0.4x
Mon, 17 Apr 2023CA$2.3bCA$4.4bCA$66.6m10.6x34.2x0.5x
Wed, 15 Mar 2023CA$2.5bCA$4.4bCA$49.9m11.4x49.5x0.6x
Fri, 10 Feb 2023CA$2.6bCA$3.9b-CA$36,446,265.0012.9x-72.6x0.7x
Sun, 08 Jan 2023CA$2.9bCA$3.9b-CA$36,446,265.0012.4x-78.6x0.7x
Tue, 06 Dec 2022CA$3.0bCA$3.9b-CA$36,446,265.0012.9x-83.4x0.8x
Thu, 03 Nov 2022CA$3.0bCA$3.6b-CA$117,356,171.0017.6x-25.5x0.8x
Sat, 01 Oct 2022CA$2.0bCA$3.4b-CA$197,568,171.0012.5x-10.2x0.6x
Mon, 29 Aug 2022CA$2.5bCA$3.4b-CA$197,568,171.0013.9x-12.5x0.7x
Wed, 27 Jul 2022CA$2.3bCA$3.0b-CA$284,509,330.0016.3x-8.1x0.8x
Fri, 24 Jun 2022CA$2.2bCA$3.0b-CA$332,821,330.0017.5x-6.7x0.7x
Sun, 22 May 2022CA$2.7bCA$3.0b-CA$332,821,330.0021x-8x0.9x
Tue, 19 Apr 2022CA$2.7bCA$2.7b-CA$373,582,365.0015.9x-7.3x1x
Thu, 17 Mar 2022CA$2.0bCA$2.6b-CA$377,004,365.0030x-5.2x0.7x
Sat, 12 Feb 2022CA$1.8bCA$2.5b-CA$367,907,606.0029.8x-4.8x0.7x
Price to Earnings Ratio

-4.8x


Total Market Cap: CA$1.8bTotal Earnings: -CA$367,907,606.00Total Revenue: CA$2.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Oil and Gas Drilling Industry Price to Earnings3Y Average -11.9x202320242025
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 6.3x which is higher than its 3-year average PE of -11.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.58x.
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 29% 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 Market-0.67%
Energy-0.28%
Energy Services-2.55%
Oil and Gas Drilling-2.70%
Oil and Gas Services-2.52%
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
ACX ACT Energy TechnologiesCA$6.351.8%
+CA$3.8m		3.1%PE4.9x
WRG Western Energy ServicesCA$2.552.0%
+CA$1.7m		-2.3%PS0.4x
HOH High Arctic Overseas HoldingsCA$1.351.5%
+CA$249.0k		n/an/a
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Latest News

ESI

CA$2.98

Ensign Energy Services

7D

-5.7%

1Y

37.3%

ACX

CA$6.35

ACT Energy Technologies

7D

1.8%

1Y

3.1%

WRG

CA$2.55

Western Energy Services

7D

2.0%

1Y

-2.3%

PD

CA$83.43

Precision Drilling

7D

-3.0%

1Y

-0.8%

With EPS Growth And More, Precision Drilling (TSE:PD) Makes An Interesting Case

Jan 28
With EPS Growth And More, Precision Drilling (TSE:PD) Makes An Interesting Case

PHX

CA$9.26

PHX Energy Services

7D

-1.4%

1Y

1.1%

SDI

CA$0.16

Stampede Drilling

7D

-3.0%

1Y

-33.3%

AKT.A

CA$1.64

AKITA Drilling

7D

-1.2%

1Y

10.1%

Earnings Miss: AKITA Drilling Ltd. Missed EPS By 40% And Analysts Are Revising Their Forecasts

Nov 08
Earnings Miss: AKITA Drilling Ltd. Missed EPS By 40% And Analysts Are Revising Their Forecasts