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Canadian (TSX) Oil and Gas Services Industry Analysis

UpdatedMay 15, 2026
DataAggregated Company Financials
Companies17
  • 7D2.2%
  • 3M15.2%
  • 1Y69.3%
  • YTDn/a

The Oil and Gas Services is pretty flat in the last 7 days, but Trican Well Service has stood out, gaining 14%. As for the the longer term, the industry is up 58% over the past 12 months. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 15 May 2026CA$17.0bCA$15.6bCA$797.0m21.2x21.3x1.1x
Sun, 12 Apr 2026CA$15.9bCA$15.6bCA$840.9m13.6x18.9x1x
Tue, 10 Mar 2026CA$15.7bCA$15.4bCA$763.4m14.9x20.6x1x
Thu, 05 Feb 2026CA$14.5bCA$15.1bCA$850.4m15x17.1x1x
Sat, 03 Jan 2026CA$13.4bCA$15.1bCA$851.3m13.1x15.8x0.9x
Mon, 01 Dec 2025CA$12.7bCA$15.9bCA$840.2m12.2x15.1x0.8x
Wed, 29 Oct 2025CA$12.4bCA$15.0bCA$810.2m12.7x15.3x0.8x
Fri, 26 Sep 2025CA$11.9bCA$15.0bCA$810.4m12.6x14.7x0.8x
Sun, 24 Aug 2025CA$11.5bCA$15.0bCA$807.6m10.1x14.2x0.8x
Tue, 22 Jul 2025CA$11.5bCA$14.6bCA$736.6m12.2x15.6x0.8x
Thu, 19 Jun 2025CA$11.3bCA$14.6bCA$736.7m12.8x15.3x0.8x
Sat, 17 May 2025CA$10.3bCA$14.6bCA$737.9m11.2x14x0.7x
Mon, 14 Apr 2025CA$9.1bCA$14.3bCA$668.3m11.2x13.6x0.6x
Wed, 12 Mar 2025CA$9.3bCA$14.6bCA$759.9m10.8x12.2x0.6x
Fri, 07 Feb 2025CA$11.1bCA$14.5bCA$740.4m10.5x15x0.8x
Sun, 05 Jan 2025CA$11.7bCA$14.5bCA$739.3m10.9x15.8x0.8x
Tue, 03 Dec 2024CA$11.3bCA$14.4bCA$743.8m10.9x15.2x0.8x
Thu, 31 Oct 2024CA$9.5bCA$14.1bCA$833.9m9.3x11.3x0.7x
Sat, 28 Sep 2024CA$9.4bCA$14.0bCA$851.5m8.7x11x0.7x
Mon, 26 Aug 2024CA$12.8bCA$24.0bCA$1.4b8.8x9.1x0.5x
Wed, 24 Jul 2024CA$12.8bCA$23.0bCA$1.4b8.5x9.2x0.6x
Fri, 21 Jun 2024CA$12.4bCA$23.0bCA$1.4b8.5x8.8x0.5x
Sun, 19 May 2024CA$12.4bCA$22.9bCA$1.4b8.1x8.8x0.5x
Tue, 16 Apr 2024CA$12.6bCA$22.0bCA$1.1b8.8x11.7x0.6x
Thu, 14 Mar 2024CA$11.7bCA$22.3bCA$973.0m7.5x12x0.5x
Sat, 10 Feb 2024CA$11.2bCA$21.9bCA$853.6m8.2x13.1x0.5x
Mon, 08 Jan 2024CA$10.7bCA$22.6bCA$882.8m8.8x12.1x0.5x
Wed, 06 Dec 2023CA$9.8bCA$22.6bCA$886.0m8.1x11.1x0.4x
Fri, 03 Nov 2023CA$9.9bCA$21.7bCA$848.6m8.1x11.7x0.5x
Sun, 01 Oct 2023CA$10.4bCA$21.7bCA$878.5m8.2x11.8x0.5x
Tue, 29 Aug 2023CA$10.6bCA$21.7bCA$875.2m8.3x12.1x0.5x
Thu, 27 Jul 2023CA$10.8bCA$21.3bCA$856.0m8.7x12.6x0.5x
Sat, 24 Jun 2023CA$9.3bCA$21.3bCA$850.9m7x11x0.4x
Mon, 22 May 2023CA$9.4bCA$21.3bCA$842.3m7.6x11.1x0.4x
Price to Earnings Ratio

11.1x


Total Market Cap: CA$9.4bTotal Earnings: CA$842.3mTotal Revenue: CA$21.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Oil and Gas Services Industry Price to Earnings3Y Average 13.4x202420252026
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 20.4x which is higher than its 3-year average PE of 13.4x.
  • The 3-year average PS ratio of 0.67x 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 remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 9.9% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Comparison

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

CA Market1.72%
Energy4.13%
Energy Services2.83%
Oil and Gas Services2.24%
Oil and Gas Drilling5.79%
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
TCW Trican Well ServiceCA$7.8714.2%
+CA$206.0m		77.3%PE15x
MATR MattrCA$11.8522.4%
+CA$133.2m		14.4%PE95.4x
TVK TerraVest IndustriesCA$132.023.5%
+CA$97.6m		-20.1%PE31.4x
TOT Total Energy ServicesCA$25.258.9%
+CA$76.0m		147.1%PE11.7x
CFW Calfrac Well ServicesCA$5.7911.8%
+CA$61.3m		72.3%PE11x

Latest News

TCW
CA$7.87
Trican Well Service
7D
14.2%
1Y
77.3%
Analysis Article • 1h

Trican Well Service Ltd. Just Missed Earnings - But Analysts Have Updated Their Models

It's been a pretty great week for Trican Well Service Ltd. ( TSE:TCW ) shareholders, with its shares surging 14% to...
NOA
CA$21.62
North American Construction Group
7D
9.2%
1Y
-10.1%
MATR
CA$11.85
Mattr
7D
22.4%
1Y
14.4%
TOT
CA$25.25
Total Energy Services
7D
8.9%
1Y
147.1%
EFX
CA$37.96
Enerflex
7D
-2.0%
1Y
280.4%
SHLE
CA$14.82
Source Energy Services
7D
-10.5%
1Y
26.9%
PSI
CA$14.04
Pason Systems
7D
-5.6%
1Y
19.8%
CFW
CA$5.79
Calfrac Well Services
7D
11.8%
1Y
72.3%
CEU
CA$17.86
CES Energy Solutions
7D
-0.8%
1Y
186.2%
CTEK
CA$0.71
Cleantek Industries
7D
-2.7%
1Y
136.7%
PSD
CA$3.50
Pulse Seismic
7D
-2.5%
1Y
33.1%
QST
CA$0.29
Questor Technology
7D
-1.7%
1Y
-7.8%
TVK
CA$132.02
TerraVest Industries
7D
3.5%
1Y
-20.1%
Analysis Article • Apr 18

Is Now The Time To Put TerraVest Industries (TSE:TVK) On Your Watchlist?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
HWO
CA$0.90
High Arctic Energy Services
7D
11.1%
1Y
12.5%
MCB
CA$2.72
McCoy Global
7D
7.9%
1Y
-25.1%