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Canadian (TSX) Oil and Gas Services Industry Analysis

UpdatedSep 25, 2025
DataAggregated Company Financials
Companies17
  • 7D2.5%
  • 3M6.0%
  • 1Y22.8%
  • YTDn/a

In the last week, the Oil and Gas Services industry is up 2.5%, with TerraVest Industries leading the way with a 2.4% gain. In the last 12 months, the industry was up 23%. As for the next few years, earnings are expected to grow by 10% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Sep 2025CA$11.9bCA$15.0bCA$809.9m12.6x14.7x0.8x
Sat, 23 Aug 2025CA$11.3bCA$15.0bCA$807.6m10.1x14x0.8x
Mon, 21 Jul 2025CA$11.5bCA$14.6bCA$736.9m12.5x15.6x0.8x
Wed, 18 Jun 2025CA$11.2bCA$14.5bCA$736.3m12.5x15.2x0.8x
Fri, 16 May 2025CA$10.5bCA$14.6bCA$737.8m11x14.2x0.7x
Sun, 13 Apr 2025CA$9.1bCA$14.3bCA$668.3m11.2x13.6x0.6x
Tue, 11 Mar 2025CA$9.5bCA$14.6bCA$760.0m10.8x12.5x0.6x
Thu, 06 Feb 2025CA$11.1bCA$14.5bCA$740.3m10.6x15x0.8x
Sat, 04 Jan 2025CA$11.6bCA$14.5bCA$739.3m10.9x15.6x0.8x
Mon, 02 Dec 2024CA$11.3bCA$14.4bCA$744.1m10.9x15.2x0.8x
Wed, 30 Oct 2024CA$9.6bCA$14.1bCA$845.6m9.1x11.3x0.7x
Fri, 27 Sep 2024CA$9.6bCA$14.0bCA$851.9m8.7x11.3x0.7x
Sun, 25 Aug 2024CA$12.8bCA$24.0bCA$1.4b8.8x9.1x0.5x
Tue, 23 Jul 2024CA$12.8bCA$23.0bCA$1.4b8.6x9.2x0.6x
Thu, 20 Jun 2024CA$12.4bCA$23.0bCA$1.4b8x8.8x0.5x
Sat, 18 May 2024CA$12.3bCA$22.9bCA$1.4b8.1x8.7x0.5x
Mon, 15 Apr 2024CA$12.6bCA$22.0bCA$1.1b8.5x11.7x0.6x
Wed, 13 Mar 2024CA$11.8bCA$22.3bCA$973.0m7.3x12.1x0.5x
Fri, 09 Feb 2024CA$11.1bCA$21.9bCA$853.6m8.3x13x0.5x
Sun, 07 Jan 2024CA$10.7bCA$22.6bCA$882.8m8.8x12.1x0.5x
Tue, 05 Dec 2023CA$9.9bCA$22.6bCA$886.0m8.3x11.2x0.4x
Thu, 02 Nov 2023CA$9.8bCA$21.7bCA$867.6m8.1x11.2x0.4x
Sat, 30 Sep 2023CA$10.5bCA$21.7bCA$878.5m8.2x12x0.5x
Mon, 28 Aug 2023CA$10.6bCA$21.7bCA$875.2m8.3x12.1x0.5x
Wed, 26 Jul 2023CA$10.8bCA$21.3bCA$850.9m8.5x12.7x0.5x
Fri, 23 Jun 2023CA$9.6bCA$21.3bCA$850.9m7.3x11.2x0.4x
Sun, 21 May 2023CA$9.4bCA$21.3bCA$842.3m7.6x11.1x0.4x
Tue, 18 Apr 2023CA$9.5bCA$19.8bCA$591.1m9.1x16x0.5x
Thu, 16 Mar 2023CA$9.0bCA$19.7bCA$562.8m8.8x16.1x0.5x
Sat, 11 Feb 2023CA$10.7bCA$18.4bCA$291.9m12x36.5x0.6x
Mon, 09 Jan 2023CA$10.1bCA$18.4bCA$289.9m13.2x34.9x0.6x
Wed, 07 Dec 2022CA$9.9bCA$18.3bCA$288.1m12.6x34.5x0.5x
Fri, 04 Nov 2022CA$9.8bCA$16.1bCA$49.6m12.4x197.2x0.6x
Sun, 02 Oct 2022CA$7.8bCA$16.0bCA$40.7m11.5x190.8x0.5x
Price to Earnings Ratio

190.8x


Total Market Cap: CA$7.8bTotal Earnings: CA$40.7mTotal Revenue: CA$16.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Oil and Gas Services Industry Price to Earnings3Y Average 22.3x202320242025
Current Industry PE
  • Investors are pessimistic on the Canadian Oil and Gas Equipment and Services 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 14.7x which is lower than its 3-year average PE of 22.3x.
  • The industry is trading close to its 3-year average PS ratio of 0.59x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Equipment and Services industry have grown 171% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.2% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Comparison

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

CA Market1.43%
Energy2.26%
Energy Services2.59%
Oil and Gas Services2.51%
Oil and Gas Drilling3.02%
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
TVK TerraVest IndustriesCA$138.762.4%
+CA$71.3m		43.2%PE37.6x
CEU CES Energy SolutionsCA$8.983.2%
+CA$60.9m		16.6%PE10.6x
TCW Trican Well ServiceCA$6.134.4%
+CA$55.2m		28.0%PE12.6x
PSI Pason SystemsCA$12.254.6%
+CA$42.2m		-5.5%PE13x
EFX EnerflexCA$15.142.2%
+CA$40.3m		89.3%PE10.3x

Latest News

PSI
CA$12.25
Pason Systems
7D
4.6%
1Y
-5.5%
CEU
CA$8.98
CES Energy Solutions
7D
3.2%
1Y
16.6%
MCB
CA$3.56
McCoy Global
7D
6.3%
1Y
58.2%
TVK
CA$138.76
TerraVest Industries
7D
2.4%
1Y
43.2%
EFX
CA$15.14
Enerflex
7D
2.2%
1Y
89.3%
TOT
CA$14.31
Total Energy Services
7D
5.6%
1Y
52.2%
CTEK
CA$0.45
Cleantek Industries
7D
-11.8%
1Y
210.3%
TCW
CA$6.13
Trican Well Service
7D
4.4%
1Y
28.0%
RFX
CA$0.17
Reeflex Solutions
7D
-5.7%
1Y
n/a
QST
CA$0.54
Questor Technology
7D
-5.3%
1Y
50.0%
MATR
CA$10.93
Mattr
7D
-3.4%
1Y
-24.1%
CFW
CA$3.43
Calfrac Well Services
7D
6.9%
1Y
-11.8%

Modernizing Fleet And Expansion Into Vaca Muerta Will Improve Future Efficiency

The upward revision in Calfrac Well Services' price target reflects a substantial improvement in net profit margin and a markedly lower future P/E ratio, resulting in a new consensus fair value of CA$4.50. Valuation Changes Summary of Valuation Changes for Calfrac Well Services The Consensus Analyst Price Target has risen from CA$4.17 to CA$4.50.
STEP
CA$4.26
STEP Energy Services
7D
-3.2%
1Y
10.1%