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Canadian (TSX) Oil and Gas Drilling Industry Analysis

UpdatedMay 29, 2023
DataAggregated Company Financials
Companies7
  • 7D-1.8%
  • 3M-25.8%
  • 1Y-38.6%
  • YTD-32.0%

Over the last 7 days, the Oil and Gas Drilling industry has dropped 1.8%, driven by Precision Drilling declining 3.4%. In contrast, Stampede Drilling has gained 6.7%. The industry has fallen 39% in the last 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
Mon, 29 May 2023CA$1.9bCA$5.1bCA$260.7m5.7x7.4x0.4x
Wed, 26 Apr 2023CA$2.2bCA$4.5bCA$78.0m9.6x28.1x0.5x
Fri, 24 Mar 2023CA$2.3bCA$4.4bCA$66.6m10.5x34x0.5x
Sun, 19 Feb 2023CA$2.6bCA$4.1b-CA$5,627,265.0012.3x-458x0.6x
Tue, 17 Jan 2023CA$3.2bCA$3.9b-CA$36,446,265.0013.1x-87.1x0.8x
Thu, 15 Dec 2022CA$3.0bCA$3.9b-CA$36,446,265.0012.8x-81.7x0.8x
Sat, 12 Nov 2022CA$3.2bCA$3.8b-CA$47,337,265.0013.5x-67.4x0.8x
Mon, 10 Oct 2022CA$2.3bCA$3.4b-CA$197,568,171.0013.5x-11.4x0.7x
Wed, 07 Sep 2022CA$2.3bCA$3.4b-CA$197,568,171.0013.1x-11.5x0.7x
Fri, 05 Aug 2022CA$2.3bCA$3.2b-CA$231,655,330.0018.6x-9.8x0.7x
Sun, 03 Jul 2022CA$2.3bCA$3.0b-CA$332,821,330.0018.5x-7x0.8x
Tue, 31 May 2022CA$3.0bCA$3.0b-CA$332,821,330.0023.2x-8.9x1x
Thu, 28 Apr 2022CA$2.4bCA$2.7b-CA$373,582,365.0015.8x-6.5x0.9x
Sat, 26 Mar 2022CA$2.2bCA$2.6b-CA$377,004,365.0032.2x-5.8x0.8x
Mon, 21 Feb 2022CA$1.9bCA$2.5b-CA$367,907,606.0030.5x-5x0.8x
Wed, 19 Jan 2022CA$1.5bCA$2.4b-CA$378,089,606.0024.6x-4x0.6x
Fri, 17 Dec 2021CA$1.2bCA$2.4b-CA$378,089,606.0021.3x-3.1x0.5x
Sun, 14 Nov 2021CA$1.3bCA$2.4b-CA$378,089,606.0024.5x-3.6x0.6x
Tue, 12 Oct 2021CA$1.5bCA$2.1b-CA$385,312,731.0025.2x-3.9x0.7x
Thu, 09 Sep 2021CA$1.2bCA$2.1b-CA$385,312,731.0021x-3x0.6x
Sat, 07 Aug 2021CA$1.2bCA$2.1b-CA$385,312,731.0021.3x-3x0.6x
Fri, 30 Apr 2021CA$897.1mCA$2.0b-CA$329,376,216.00286.5x-2.7x0.4x
Mon, 01 Feb 2021CA$715.3mCA$2.4b-CA$359,852,343.00n/a-2x0.3x
Thu, 05 Nov 2020CA$466.8mCA$2.8b-CA$433,340,777.00n/a-1.1x0.2x
Sun, 09 Aug 2020CA$454.3mCA$3.4b-CA$401,583,094.00n/a-1.1x0.1x
Price to Earnings Ratio

-1.2x


Total Market Cap: CA$440.9mTotal Earnings: -CA$377,563,243.00Total Revenue: CA$3.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Oil and Gas Drilling Industry Price to Earnings3Y Average -17.2x202120222023
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 7.4x which is higher than its 3-year average PE of -17.3x.
  • The industry is trading close to its 3-year average PS ratio of 0.54x.
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 9.5% 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-1.96%
Energy-0.86%
Energy Services-0.99%
Oil and Gas Drilling-1.83%
Oil and Gas Services-0.81%
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
SDI Stampede DrillingCA$0.246.7%
+CA$3.4m
-47.8%PE5.7x
ESI Ensign Energy ServicesCA$2.180.5%
+CA$1.8m
-55.1%PE69.5x
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Latest News

PHX

CA$6.06

PHX Energy Services

7D

-2.7%

1Y

-7.9%

CET

CA$0.74

Cathedral Energy Services

7D

-1.3%

1Y

-2.6%

SDI

CA$0.24

Stampede Drilling

7D

6.7%

1Y

-47.8%

ESI

CA$2.18

Ensign Energy Services

7D

0.5%

1Y

-55.1%

AKT.A

CA$1.30

AKITA Drilling

7D

-1.5%

1Y

-51.3%