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Canadian (TSX) Energy Services Industry Analysis

UpdatedMay 20, 2025
DataAggregated Company Financials
Companies24
  • 7D0.6%
  • 3M-7.8%
  • 1Y4.3%
  • YTD-13.1%

The Energy Services is pretty flat in the last 7 days, but North American Construction Group has stood out, gaining 5.5%. The past year has been better, since the industry has gained 4.3% in that time. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

Has the Canadian Energy Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 20 May 2025CA$12.3bCA$19.9bCA$959.8m7.8x12.8x0.6x
Thu, 17 Apr 2025CA$11.2bCA$19.6bCA$881.9m7.3x12.7x0.6x
Sat, 15 Mar 2025CA$11.4bCA$19.8bCA$871.2m8.5x13.1x0.6x
Mon, 10 Feb 2025CA$13.6bCA$19.8bCA$1.1b10x11.9x0.7x
Wed, 08 Jan 2025CA$14.3bCA$19.8bCA$1.1b10.3x12.6x0.7x
Fri, 06 Dec 2024CA$14.1bCA$19.7bCA$1.1b10.5x12.4x0.7x
Sun, 03 Nov 2024CA$12.4bCA$19.5bCA$1.2b9.2x10.1x0.6x
Tue, 01 Oct 2024CA$12.0bCA$19.3bCA$1.2b8.6x9.9x0.6x
Thu, 29 Aug 2024CA$15.6bCA$29.3bCA$1.8b8.8x8.8x0.5x
Sat, 27 Jul 2024CA$15.6bCA$28.4bCA$1.8b8.5x8.7x0.5x
Mon, 24 Jun 2024CA$14.7bCA$28.3bCA$1.8b7.7x8.1x0.5x
Wed, 22 May 2024CA$15.1bCA$28.3bCA$1.8b7.7x8.4x0.5x
Fri, 19 Apr 2024CA$14.7bCA$27.4bCA$1.5b7.8x9.5x0.5x
Sun, 17 Mar 2024CA$14.2bCA$27.4bCA$1.6b7.5x9.1x0.5x
Tue, 13 Feb 2024CA$13.7bCA$27.4bCA$1.3b7x10.5x0.5x
Thu, 11 Jan 2024CA$12.7bCA$28.1bCA$1.2b7.1x10.7x0.5x
Sat, 09 Dec 2023CA$11.8bCA$28.1bCA$1.2b7.2x9.9x0.4x
Mon, 06 Nov 2023CA$12.5bCA$27.2bCA$1.1b7.6x11x0.5x
Wed, 04 Oct 2023CA$12.5bCA$27.1bCA$1.2b7.9x10.4x0.5x
Fri, 01 Sep 2023CA$13.4bCA$27.1bCA$1.2b8x11.1x0.5x
Sun, 30 Jul 2023CA$13.3bCA$26.2bCA$1.1b8.3x12x0.5x
Tue, 27 Jun 2023CA$11.1bCA$26.3bCA$1.1b6.8x10x0.4x
Thu, 25 May 2023CA$11.4bCA$26.3bCA$1.1b7.1x10.3x0.4x
Sat, 22 Apr 2023CA$11.5bCA$24.3bCA$669.1m8.7x17.3x0.5x
Mon, 20 Mar 2023CA$11.1bCA$24.2bCA$647.8m8.6x17.2x0.5x
Wed, 15 Feb 2023CA$13.6bCA$22.5bCA$286.3m12.5x47.7x0.6x
Fri, 13 Jan 2023CA$14.0bCA$22.3bCA$253.5m13.6x55.1x0.6x
Sun, 11 Dec 2022CA$12.7bCA$22.2bCA$251.7m12.5x50.5x0.6x
Tue, 08 Nov 2022CA$13.1bCA$21.0bCA$189.4m15.5x68.9x0.6x
Thu, 06 Oct 2022CA$10.7bCA$19.4b-CA$156,837,204.0012.7x-68.3x0.6x
Sat, 03 Sep 2022CA$10.5bCA$19.4b-CA$156,837,204.0012.3x-66.7x0.5x
Mon, 01 Aug 2022CA$11.0bCA$18.4b-CA$265,412,438.0016.9x-41.6x0.6x
Wed, 29 Jun 2022CA$10.8bCA$16.5b-CA$472,639,277.0019x-23x0.7x
Fri, 27 May 2022CA$12.0bCA$16.5b-CA$472,609,544.0020.5x-25.5x0.7x
Price to Earnings Ratio

-25.5x


Total Market Cap: CA$12.0bTotal Earnings: -CA$472,609,544.00Total Revenue: CA$16.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Energy Services Industry Price to Earnings3Y Average 5.8x202320242025
Current Industry PE
  • Investors are optimistic on the Canadian Energy Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 12.8x which is higher than its 3-year average PE of 5.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.56x.
Past Earnings Growth
  • Total earnings for the Energy Services industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 6.6% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the Canadian Energy industry?

CA Market1.51%
Energy0.66%
Energy Services0.58%
Oil and Gas Services0.95%
Oil and Gas Drilling-1.35%
Industry PE
  • Investors are most optimistic about the Oil and Gas Services industry even though it's trading below its 3-year average PE ratio of 20.3x.
    • Analysts are expecting annual earnings growth of 18.8%, which is higher than its past year's earnings decline of 4.7% per year.
  • Investors are most pessimistic about the Oil and Gas Drilling industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings decline of 39% per year.
  • In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 19% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
TCW Trican Well ServiceCA$4.463.2%
+CA$25.2m		2.8%PE8x
NOA North American Construction GroupCA$23.653.5%
+CA$23.8m		-13.6%PE18.1x
AKT.A AKITA DrillingCA$1.938.4%
+CA$6.0m		31.3%PE4.1x
STEP STEP Energy ServicesCA$4.011.5%
+CA$4.3m		0.8%PS0.3x
MCB McCoy GlobalCA$3.673.7%
+CA$3.5m		83.5%PE11.1x
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Latest News

MATR

CA$9.44

Mattr

7D

-15.6%

1Y

-44.8%

AKT.A

CA$1.93

AKITA Drilling

7D

8.4%

1Y

31.3%

TCW

CA$4.46

Trican Well Service

7D

3.2%

1Y

2.8%

Trican Well Service (TSE:TCW) Is Due To Pay A Dividend Of CA$0.05

May 17
Trican Well Service (TSE:TCW) Is Due To Pay A Dividend Of CA$0.05

NOA

CA$23.65

North American Construction Group

7D

3.5%

1Y

-13.6%

PHX

CA$8.14

PHX Energy Services

7D

0.9%

1Y

-9.6%

TVK

CA$165.91

TerraVest Industries

7D

-3.3%

1Y

111.9%

CFW

CA$3.30

Calfrac Well Services

7D

-4.3%

1Y

-17.5%

EFX

CA$9.85

Enerflex

7D

-2.8%

1Y

40.1%

ESI

CA$1.96

Ensign Energy Services

7D

-9.7%

1Y

-16.6%

CEU

CA$6.14

CES Energy Solutions

7D

-2.5%

1Y

-11.0%

ACX

CA$4.98

ACT Energy Technologies

7D

0.6%

1Y

-25.9%

SHLE

CA$11.53

Source Energy Services

7D

-6.6%

1Y

8.5%

MCB

CA$3.67

McCoy Global

7D

3.7%

1Y

83.5%

PSD

CA$2.61

Pulse Seismic

7D

2.4%

1Y

13.5%

PD

CA$59.13

Precision Drilling

7D

-6.8%

1Y

-39.5%

STEP

CA$4.01

STEP Energy Services

7D

1.5%

1Y

0.8%