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Canadian (TSX) Oil and Gas Drilling Industry Analysis

UpdatedMar 27, 2026
DataAggregated Company Financials
Companies8
  • 7D2.0%
  • 3M53.0%
  • 1Y74.6%
  • YTDn/a

Over the last 7 days, the Oil and Gas Drilling industry has risen 2.0%, driven by gains from Precision Drilling of 4.2%. During this same period, the ACT Energy Technologies underperformed, falling 8.7%. This takes the industry's 12 month performance to a gain of 75%. Earnings are forecast to grow by 56% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Mar 2026CA$3.7bCA$5.2bCA$25.1m11.3x146.8x0.7x
Mon, 23 Feb 2026CA$3.1bCA$5.2bCA$49.4m8.1x61.8x0.6x
Wed, 21 Jan 2026CA$2.6bCA$5.2bCA$106.4m7x24.5x0.5x
Fri, 19 Dec 2025CA$2.4bCA$5.2bCA$106.4m6.5x22.4x0.5x
Sun, 16 Nov 2025CA$2.2bCA$5.2bCA$106.4m6.2x20.9x0.4x
Tue, 14 Oct 2025CA$2.1bCA$5.3bCA$175.1m6.5x12.2x0.4x
Thu, 11 Sep 2025CA$2.1bCA$5.3bCA$175.1m6.4x12.2x0.4x
Sat, 09 Aug 2025CA$2.1bCA$5.3bCA$212.2m6.5x9.9x0.4x
Mon, 07 Jul 2025CA$2.1bCA$5.3bCA$218.4m6.5x9.6x0.4x
Wed, 04 Jun 2025CA$1.9bCA$5.3bCA$218.4m6.4x8.8x0.4x
Fri, 02 May 2025CA$1.8bCA$5.3bCA$212.6m5.5x8.4x0.3x
Sun, 30 Mar 2025CA$2.1bCA$5.3bCA$213.8m6.3x9.8x0.4x
Tue, 25 Feb 2025CA$2.4bCA$5.3bCA$263.5m7.5x9.2x0.5x
Thu, 23 Jan 2025CA$2.8bCA$5.3bCA$395.4m5.6x7x0.5x
Sat, 21 Dec 2024CA$2.5bCA$5.3bCA$395.4m5.2x6.2x0.5x
Mon, 18 Nov 2024CA$2.6bCA$5.3bCA$395.4m5.7x6.7x0.5x
Wed, 16 Oct 2024CA$2.6bCA$5.3bCA$364.3m7.3x7.1x0.5x
Fri, 13 Sep 2024CA$2.5bCA$5.3bCA$364.3m6.8x6.9x0.5x
Sun, 11 Aug 2024CA$2.6bCA$5.3bCA$361.5m7.9x7.3x0.5x
Tue, 09 Jul 2024CA$2.6bCA$5.4bCA$394.0m5.2x6.6x0.5x
Thu, 06 Jun 2024CA$2.6bCA$5.4bCA$394.0m5.2x6.5x0.5x
Sat, 04 May 2024CA$2.7bCA$5.4bCA$399.4m5.4x6.7x0.5x
Mon, 01 Apr 2024CA$2.6bCA$5.5bCA$461.4m4.6x5.7x0.5x
Wed, 28 Feb 2024CA$2.4bCA$5.5bCA$446.4m4.8x5.4x0.4x
Fri, 26 Jan 2024CA$2.5bCA$5.5bCA$303.2m6.7x8.1x0.4x
Sun, 24 Dec 2023CA$2.2bCA$5.5bCA$303.2m5.8x7.3x0.4x
Tue, 21 Nov 2023CA$2.4bCA$5.5bCA$303.2m6.6x8x0.4x
Thu, 19 Oct 2023CA$2.6bCA$5.4bCA$328.9m6.9x7.8x0.5x
Sat, 16 Sep 2023CA$2.8bCA$5.4bCA$328.9m7.2x8.6x0.5x
Mon, 14 Aug 2023CA$2.6bCA$5.4bCA$328.9m6.8x7.9x0.5x
Wed, 12 Jul 2023CA$2.0bCA$5.1bCA$260.7m5.4x7.8x0.4x
Fri, 09 Jun 2023CA$1.9bCA$5.1bCA$260.7m5.1x7.2x0.4x
Sun, 07 May 2023CA$2.1bCA$4.8bCA$238.4m7.8x8.8x0.4x
Tue, 04 Apr 2023CA$2.4bCA$4.4bCA$66.6m11.3x36.1x0.5x
Price to Earnings Ratio

36.1x


Total Market Cap: CA$2.4bTotal Earnings: CA$66.6mTotal Revenue: CA$4.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Oil and Gas Drilling Industry Price to Earnings3Y Average 13x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Oil and Gas Drilling industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 147x which is higher than its 3-year average PE of 12.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.46x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Drilling industry have declined 28% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.5% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

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

CA Market0.27%
Energy0.65%
Energy Services1.56%
Oil and Gas Drilling2.03%
Oil and Gas Services1.45%
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$140.093.4%
+CA$59.0m		116.1%PE984.5x
ESI Ensign Energy ServicesCA$3.732.5%
+CA$16.6m		62.9%PS0.4x
PHX PHX Energy ServicesCA$13.632.7%
+CA$16.3m		48.6%PE11.3x
AKT.A AKITA DrillingCA$3.869.3%
+CA$12.7m		107.5%PE10.7x

Latest News

ACX
CA$7.15
ACT Energy Technologies
7D
-5.0%
1Y
37.5%
WRG
CA$3.05
Western Energy Services
7D
-2.9%
1Y
37.4%
PD
CA$140.09
Precision Drilling
7D
3.4%
1Y
116.1%

PD: Share Repurchases And Higher Future P/E Will Shape Balanced Outlook

Analysts have raised their price target on Precision Drilling from CA$121.25 to CA$143.88, citing updated fair value assumptions, revised revenue expectations, profit margin guidance, and projected future P/E levels. What's in the News Precision Drilling completed a share repurchase tranche covering the period from October 1, 2025 to March 9, 2026.
ESI
CA$3.73
Ensign Energy Services
7D
2.5%
1Y
62.9%
AKT.A
CA$3.86
AKITA Drilling
7D
9.3%
1Y
107.5%
PHX
CA$13.63
PHX Energy Services
7D
2.7%
1Y
48.6%
HOH
CA$1.23
High Arctic Overseas Holdings
7D
-1.6%
1Y
5.1%