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Canadian (TSX) Oil and Gas Services Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies17
  • 7D4.7%
  • 3M27.8%
  • 1Y34.8%
  • YTDn/a

In the last week, the Oil and Gas Services industry is up 4.7%, with TerraVest Industries up 9.4%. This means that the industry has gained 35% over the past year. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026CA$15.1bCA$15.1bCA$850.3m15x17.7x1x
Tue, 06 Jan 2026CA$13.4bCA$15.1bCA$851.7m12.6x15.7x0.9x
Thu, 04 Dec 2025CA$12.5bCA$15.9bCA$839.9m12x14.9x0.8x
Sat, 01 Nov 2025CA$12.0bCA$15.1bCA$815.8m12x14.7x0.8x
Mon, 29 Sep 2025CA$12.1bCA$15.0bCA$810.3m12.6x14.9x0.8x
Wed, 27 Aug 2025CA$11.3bCA$15.0bCA$807.7m10x14x0.8x
Fri, 25 Jul 2025CA$11.6bCA$14.6bCA$744.6m12x15.5x0.8x
Sun, 22 Jun 2025CA$11.3bCA$14.6bCA$737.0m12.6x15.4x0.8x
Tue, 20 May 2025CA$10.4bCA$14.6bCA$737.9m11.2x14.1x0.7x
Thu, 17 Apr 2025CA$9.3bCA$14.3bCA$668.0m11.8x14x0.7x
Sat, 15 Mar 2025CA$9.4bCA$14.5bCA$670.5m12.3x14x0.6x
Mon, 10 Feb 2025CA$11.1bCA$14.5bCA$740.6m10.5x15x0.8x
Wed, 08 Jan 2025CA$11.5bCA$14.5bCA$739.9m10.8x15.6x0.8x
Fri, 06 Dec 2024CA$11.5bCA$14.4bCA$743.9m10.7x15.5x0.8x
Sun, 03 Nov 2024CA$9.9bCA$14.2bCA$835.8m9.4x11.8x0.7x
Tue, 01 Oct 2024CA$9.5bCA$14.0bCA$851.4m8.9x11.2x0.7x
Thu, 29 Aug 2024CA$12.8bCA$24.0bCA$1.4b8.8x9.1x0.5x
Sat, 27 Jul 2024CA$12.8bCA$23.0bCA$1.4b9.8x9.2x0.6x
Mon, 24 Jun 2024CA$12.2bCA$23.0bCA$1.4b8.4x8.6x0.5x
Wed, 22 May 2024CA$12.4bCA$22.9bCA$1.4b8.1x8.8x0.5x
Fri, 19 Apr 2024CA$12.1bCA$22.0bCA$1.1b8.1x11.1x0.5x
Sun, 17 Mar 2024CA$11.6bCA$22.0bCA$1.1b8.6x10.8x0.5x
Tue, 13 Feb 2024CA$11.2bCA$21.9bCA$853.6m8.4x13.1x0.5x
Thu, 11 Jan 2024CA$10.5bCA$22.6bCA$882.8m8.3x11.9x0.5x
Sat, 09 Dec 2023CA$9.7bCA$22.6bCA$886.0m8.4x10.9x0.4x
Mon, 06 Nov 2023CA$10.2bCA$21.7bCA$842.1m8.4x12.1x0.5x
Wed, 04 Oct 2023CA$9.9bCA$21.7bCA$878.5m8x11.3x0.5x
Fri, 01 Sep 2023CA$10.8bCA$21.7bCA$875.2m8.4x12.3x0.5x
Sun, 30 Jul 2023CA$10.9bCA$21.0bCA$838.4m9.8x13x0.5x
Tue, 27 Jun 2023CA$9.3bCA$21.3bCA$850.9m7.1x11x0.4x
Thu, 25 May 2023CA$9.4bCA$21.3bCA$842.3m7.8x11.1x0.4x
Sat, 22 Apr 2023CA$9.4bCA$19.8bCA$591.1m8.7x15.8x0.5x
Mon, 20 Mar 2023CA$8.9bCA$19.8bCA$594.7m8.6x15x0.5x
Wed, 15 Feb 2023CA$10.9bCA$18.4bCA$291.9m12.5x37.3x0.6x
Price to Earnings Ratio

37.3x


Total Market Cap: CA$10.9bTotal Earnings: CA$291.9mTotal Revenue: CA$18.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Oil and Gas Services Industry Price to Earnings3Y Average 13.5x202420252026
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 17.1x which is higher than its 3-year average PE of 13.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.63x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Equipment and Services industry have grown 43% per year over the last three years.
  • Meanwhile revenues for these companies have declined 6.4% 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 Market2.10%
Energy2.29%
Energy Services5.00%
Oil and Gas Services4.69%
Oil and Gas Drilling6.62%
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$154.359.4%
+CA$288.2m		15.6%PE38.6x
CEU CES Energy SolutionsCA$15.237.3%
+CA$217.2m		75.9%PE18x
MATR MattrCA$9.3613.9%
+CA$69.7m		-20.5%PE21x
PSI Pason SystemsCA$12.735.5%
+CA$51.1m		-4.3%PE15.9x
TCW Trican Well ServiceCA$7.243.6%
+CA$46.2m		58.4%PE14.1x

Latest News

CFW
CA$5.21
Calfrac Well Services
7D
4.4%
1Y
35.3%

Calfrac Well Services Ltd.'s (TSE:CFW) P/E Is Still On The Mark Following 29% Share Price Bounce

Feb 07
Calfrac Well Services Ltd.'s (TSE:CFW) P/E Is Still On The Mark Following 29% Share Price Bounce
CEU
CA$15.23
CES Energy Solutions
7D
7.3%
1Y
75.9%

Further Upside For CES Energy Solutions Corp. (TSE:CEU) Shares Could Introduce Price Risks After 31% Bounce

Feb 07
Further Upside For CES Energy Solutions Corp. (TSE:CEU) Shares Could Introduce Price Risks After 31% Bounce
MATR
CA$9.36
Mattr
7D
13.9%
1Y
-20.5%

Earnings Tell The Story For Mattr Corp. (TSE:MATR)

Feb 06
Earnings Tell The Story For Mattr Corp. (TSE:MATR)
TCW
CA$7.24
Trican Well Service
7D
3.6%
1Y
58.4%

Trican Well Service Ltd.'s (TSE:TCW) Shares Bounce 27% But Its Business Still Trails The Market

Feb 05
Trican Well Service Ltd.'s (TSE:TCW) Shares Bounce 27% But Its Business Still Trails The Market
FLNT
CA$1.30
Flint
7D
-3.7%
1Y
30.0%
TOT
CA$16.93
Total Energy Services
7D
2.7%
1Y
47.0%
SHLE
CA$16.21
Source Energy Services
7D
-6.3%
1Y
24.3%
EFX
CA$24.38
Enerflex
7D
-2.4%
1Y
80.7%
NOA
CA$21.96
North American Construction Group
7D
7.9%
1Y
-18.8%

NOA: Australian Mining Expansion And Buybacks Will Support Stronger Future Returns

Analysts have maintained their price target for North American Construction Group at $28.00, indicating relatively unchanged assumptions for growth, margins and valuation multiples, with only small adjustments to the discount rate, revenue growth, profit margin and future P/E supporting the reaffirmed view. What's in the News Chief Executive Officer Joe Lambert resigned, and Chief Operating Officer Barry Palmer has taken over as CEO while the company evaluates internal and external candidates for the role on a permanent basis (Key Developments).
TVK
CA$154.35
TerraVest Industries
7D
9.4%
1Y
15.6%
PSI
CA$12.73
Pason Systems
7D
5.5%
1Y
-4.3%

PSI: Future Share Buybacks Will Support Undervalued Upside Potential

Analysts have trimmed their price target for Pason Systems by about $0.70, reflecting slightly lower assumed revenue growth and P/E multiples, partly offset by a modestly higher profit margin outlook. What's in the News Pason Systems Inc.
QST
CA$0.34
Questor Technology
7D
-13.0%
1Y
-5.6%
HWO
CA$0.82
High Arctic Energy Services
7D
-5.7%
1Y
-29.3%