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Canadian (TSX) Oil and Gas Services Industry Analysis

UpdatedAug 14, 2026
DataAggregated Company Financials
Companies16
  • 7D9.6%
  • 3M-6.4%
  • 1Y54.4%
  • YTDn/a

In the last week, the Oil and Gas Services industry is up 6.7%, with CES Energy Solutions up 17%. This takes the industry's 12 month performance to a gain of 45%. Looking forward, earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 14 Aug 2026CA$15.5bCA$14.6bCA$685.9m16.7x22.6x1.1x
Sun, 12 Jul 2026CA$15.1bCA$14.5bCA$771.0m16x19.6x1x
Tue, 09 Jun 2026CA$16.2bCA$15.8bCA$776.8m17.5x20.8x1x
Thu, 07 May 2026CA$17.5bCA$15.5bCA$823.3m16.2x21.3x1.1x
Sat, 04 Apr 2026CA$15.7bCA$15.6bCA$841.6m13.8x18.7x1x
Mon, 02 Mar 2026CA$15.9bCA$15.4bCA$752.6m15.4x21.1x1x
Wed, 28 Jan 2026CA$14.0bCA$15.1bCA$849.3m14.4x16.5x0.9x
Fri, 26 Dec 2025CA$13.3bCA$15.1bCA$850.5m12.6x15.6x0.9x
Sun, 23 Nov 2025CA$12.2bCA$15.9bCA$841.8m11.7x14.4x0.8x
Tue, 21 Oct 2025CA$11.7bCA$15.0bCA$811.6m12.4x14.5x0.8x
Thu, 18 Sep 2025CA$11.7bCA$14.9bCA$808.2m12x14.4x0.8x
Sat, 16 Aug 2025CA$11.1bCA$15.0bCA$807.4m10.1x13.7x0.7x
Mon, 14 Jul 2025CA$11.5bCA$14.6bCA$736.6m12.7x15.7x0.8x
Wed, 11 Jun 2025CA$11.0bCA$14.6bCA$736.6m12.9x14.9x0.8x
Fri, 09 May 2025CA$10.0bCA$14.3bCA$629.4m12.3x15.8x0.7x
Sun, 06 Apr 2025CA$9.2bCA$14.4bCA$668.1m12x13.7x0.6x
Tue, 04 Mar 2025CA$10.0bCA$14.5bCA$748.0m11.4x13.4x0.7x
Thu, 30 Jan 2025CA$11.4bCA$14.5bCA$739.4m10.4x15.4x0.8x
Sat, 28 Dec 2024CA$11.4bCA$14.5bCA$739.5m10.7x15.4x0.8x
Mon, 25 Nov 2024CA$11.6bCA$14.3bCA$757.2m10.9x15.4x0.8x
Wed, 23 Oct 2024CA$9.6bCA$14.1bCA$848.4m9.3x11.3x0.7x
Fri, 20 Sep 2024CA$9.5bCA$14.0bCA$851.1m8.7x11.2x0.7x
Sun, 18 Aug 2024CA$12.8bCA$24.0bCA$1.4b8.4x9.1x0.5x
Tue, 16 Jul 2024CA$12.9bCA$23.0bCA$1.4b8.5x9.2x0.6x
Thu, 13 Jun 2024CA$12.6bCA$23.0bCA$1.4b8.3x8.9x0.5x
Sat, 11 May 2024CA$12.2bCA$23.0bCA$1.4b8.4x8.5x0.5x
Mon, 08 Apr 2024CA$12.6bCA$22.0bCA$1.1b8.6x11.7x0.6x
Wed, 06 Mar 2024CA$11.8bCA$22.3bCA$849.9m7.4x13.9x0.5x
Fri, 02 Feb 2024CA$11.4bCA$22.6bCA$882.8m8.5x12.9x0.5x
Sun, 31 Dec 2023CA$10.6bCA$22.6bCA$882.8m8.8x12x0.5x
Tue, 28 Nov 2023CA$9.7bCA$22.6bCA$886.1m8x10.9x0.4x
Thu, 26 Oct 2023CA$9.7bCA$21.7bCA$880.6m8x11x0.4x
Sat, 23 Sep 2023CA$10.7bCA$21.7bCA$878.5m8.6x12.1x0.5x
Mon, 21 Aug 2023CA$10.4bCA$21.7bCA$875.2m8.3x11.9x0.5x
Price to Earnings Ratio

11.9x


Total Market Cap: CA$10.4bTotal Earnings: CA$875.2mTotal Revenue: CA$21.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Oil and Gas Services Industry Price to Earnings3Y Average 14.2x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Oil and Gas Equipment and Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 22.4x which is higher than its 3-year average PE of 14.2x.
  • The 3-year average PS ratio of 0.72x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Equipment and Services industry have declined 7.9% per year over the last three years,
  • Revenues have also declined 12% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

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

CA Market1.55%
Energy2.66%
Energy Services8.84%
Oil and Gas Services9.56%
Oil and Gas Drilling5.66%
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
CEU CES Energy SolutionsCA$19.0515.9%
+CA$547.4m		143.6%PE20.2x
TVK TerraVest IndustriesCA$133.4311.3%
+CA$289.7m		-6.5%PE39.2x
TOT Total Energy ServicesCA$29.7324.5%
+CA$214.5m		144.3%PE13.7x
PSI Pason SystemsCA$14.7117.1%
+CA$166.9m		29.3%PE24x
EFX EnerflexCA$29.923.2%
+CA$112.3m		126.3%PE49.5x

Latest News

PSI
CA$14.71
Pason Systems
7D
17.1%
1Y
29.3%
CEU
CA$19.05
CES Energy Solutions
7D
15.9%
1Y
143.6%
CFW
CA$6.95
Calfrac Well Services
7D
9.8%
1Y
97.4%
Narrative Update • Aug 12

CFW: Rating Upgrade And Buyback Plan Will Support Future Returns

Analysts lifted their price target on Calfrac Well Services from CA$7.50 to CA$9.00 after revising their fair value estimate and updating assumptions for revenue growth, profit margin and future P/E, supported by a recent upgrade to Outperform from Sector Perform. Analyst Commentary Recent research on Calfrac Well Services highlights shifting views on the stock over the past several months, with price targets of C$7.50 and C$9 used as reference points for fair value.
EFX
CA$29.92
Enerflex
7D
3.2%
1Y
126.3%
PSD
CA$2.98
Pulse Seismic
7D
-5.7%
1Y
-20.7%
QST
CA$0.24
Questor Technology
7D
-11.1%
1Y
-47.8%
TCW
CA$6.19
Trican Well Service
7D
3.0%
1Y
4.0%
Analysis Article • Aug 04

Some May Be Optimistic About Trican Well Service's (TSE:TCW) Earnings

Investors were disappointed with the weak earnings posted by Trican Well Service Ltd. ( TSE:TCW ). Despite the soft...
SHLE
CA$12.25
Source Energy Services
7D
1.4%
1Y
-4.9%
Narrative Update • Aug 02

SHLE: Buybacks And Cautious Expectations Will Shape Attractive Future Return Profile

Analysts have reduced their fair value estimate for Source Energy Services to CA$13.00 from CA$17.00, reflecting updated assumptions on revenue growth, margins, discount rate and future P/E, in line with the latest CA$13 price target from Street research. Analyst Commentary Recent Street research on Source Energy Services has leaned cautious, with bearish analysts trimming formal price targets and signaling a more measured stance on the stock.
FLNT
CA$1.36
Flint
7D
-6.2%
1Y
36.0%
TVK
CA$133.43
TerraVest Industries
7D
11.3%
1Y
-6.5%
NOA
CA$20.02
North American Construction Group
7D
-1.6%
1Y
12.5%
TOT
CA$29.73
Total Energy Services
7D
24.5%
1Y
144.3%
CTEK
CA$0.54
Cleantek Industries
7D
-3.6%
1Y
38.5%