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Canadian (TSX) Energy Services Industry Analysis

UpdatedJun 05, 2026
DataAggregated Company Financials
Companies25
  • 7D5.6%
  • 3M14.7%
  • 1Y73.4%
  • YTD34.3%

Over the last 7 days, the Energy Services industry has risen 5.6%, driven by gains from Enerflex of 6.9%. Meanwhile, Flint actually underperformed within the industry, shrinking 19% in the last week. This means that the industry has gained 73% over the past year. Earnings are forecast to grow by 32% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 05 Jun 2026CA$21.4bCA$20.9bCA$744.7m18.2x28.8x1x
Sun, 03 May 2026CA$20.9bCA$20.6bCA$832.0m13x25.1x1x
Tue, 31 Mar 2026CA$20.4bCA$20.7bCA$866.0m11.3x23.6x1x
Thu, 26 Feb 2026CA$18.7bCA$20.5bCA$913.2m12.7x20.5x0.9x
Sat, 24 Jan 2026CA$16.9bCA$20.3bCA$957.2m12.8x17.6x0.8x
Mon, 22 Dec 2025CA$15.6bCA$20.3bCA$958.6m10.8x16.3x0.8x
Wed, 19 Nov 2025CA$14.0bCA$21.1bCA$946.8m11.1x14.8x0.7x
Fri, 17 Oct 2025CA$14.1bCA$20.3bCA$986.9m10.8x14.3x0.7x
Sun, 14 Sep 2025CA$13.8bCA$20.2bCA$984.3m10.7x14x0.7x
Tue, 12 Aug 2025CA$13.6bCA$19.9bCA$1.0b9.5x13.6x0.7x
Thu, 10 Jul 2025CA$13.6bCA$19.9bCA$955.0m11.5x14.3x0.7x
Sat, 07 Jun 2025CA$12.8bCA$19.9bCA$955.1m9.1x13.4x0.6x
Mon, 05 May 2025CA$11.8bCA$19.6bCA$841.6m8.3x14x0.6x
Wed, 02 Apr 2025CA$12.5bCA$19.7bCA$882.2m8.9x14.2x0.6x
Fri, 28 Feb 2025CA$12.6bCA$19.8bCA$984.0m9.5x12.8x0.6x
Sun, 26 Jan 2025CA$14.5bCA$19.8bCA$1.1b10.4x12.8x0.7x
Tue, 24 Dec 2024CA$13.6bCA$19.8bCA$1.1b10.3x12x0.7x
Thu, 21 Nov 2024CA$13.9bCA$19.6bCA$1.1b10.3x12.5x0.7x
Sat, 19 Oct 2024CA$12.2bCA$19.4bCA$1.2b9.2x10.1x0.6x
Mon, 16 Sep 2024CA$11.9bCA$19.4bCA$1.2b8.2x9.8x0.6x
Wed, 14 Aug 2024CA$15.0bCA$29.3bCA$1.8b8.4x8.5x0.5x
Fri, 12 Jul 2024CA$15.3bCA$28.3bCA$1.8b8.3x8.4x0.5x
Sun, 09 Jun 2024CA$15.2bCA$28.4bCA$1.8b8.1x8.4x0.5x
Tue, 07 May 2024CA$14.9bCA$28.4bCA$1.9b8x8x0.5x
Thu, 04 Apr 2024CA$15.0bCA$27.5bCA$1.5b8.2x9.8x0.5x
Sat, 02 Mar 2024CA$13.9bCA$27.8bCA$1.3b7.3x10.7x0.5x
Mon, 29 Jan 2024CA$14.2bCA$28.1bCA$1.2b8x12x0.5x
Wed, 27 Dec 2023CA$12.8bCA$28.1bCA$1.2b7.2x10.8x0.5x
Fri, 24 Nov 2023CA$11.9bCA$28.1bCA$1.2b7.6x10x0.4x
Sun, 22 Oct 2023CA$12.3bCA$27.1bCA$1.2b7.7x10.2x0.5x
Tue, 19 Sep 2023CA$13.9bCA$27.1bCA$1.2b8.3x11.5x0.5x
Thu, 17 Aug 2023CA$13.0bCA$27.1bCA$1.2b7.8x10.8x0.5x
Sat, 15 Jul 2023CA$12.3bCA$26.3bCA$1.1b7.5x11.1x0.5x
Mon, 12 Jun 2023CA$11.2bCA$26.3bCA$1.1b7x10.1x0.4x
Price to Earnings Ratio

10.1x


Total Market Cap: CA$11.2bTotal Earnings: CA$1.1bTotal Revenue: CA$26.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Energy Services Industry Price to Earnings3Y Average 13.1x202420252026
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 28.8x which is higher than its 3-year average PE of 13.1x.
  • The 3-year average PS ratio of 0.63x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Energy Services industry have declined 12% per year over the last three years,
  • Revenues have also declined 7.4% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

CA Market1.83%
Energy4.15%
Energy Services5.57%
Oil and Gas Drilling7.00%
Oil and Gas Services5.28%
Industry PE
  • Investors are most optimistic about the Oil and Gas Services industry which is trading above its 3-year average PE ratio of 13.6x.
    • Analysts are expecting annual earnings growth of 22.3%, which is higher than its past year's earnings decline of 11.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 81% over the next 5 years.
  • This is better than its past earnings decline of 50% per year.
  • In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 22% 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
EFX EnerflexCA$36.676.9%
+CA$288.1m		263.4%PE38.8x
CEU CES Energy SolutionsCA$18.256.4%
+CA$229.8m		182.5%PE18.2x
PD Precision DrillingCA$137.3310.7%
+CA$171.2m		117.1%PS0.9x
TVK TerraVest IndustriesCA$158.435.2%
+CA$168.3m		-6.3%PE47.1x
TCW Trican Well ServiceCA$7.774.9%
+CA$75.7m		75.4%PE14.8x

Latest News

FLNT
CA$1.37
Flint
7D
-18.9%
1Y
37.0%
TOT
CA$25.87
Total Energy Services
7D
5.1%
1Y
146.4%
CFW
CA$6.73
Calfrac Well Services
7D
8.9%
1Y
96.8%
TVK
CA$158.43
TerraVest Industries
7D
5.2%
1Y
-6.3%
CEU
CA$18.25
CES Energy Solutions
7D
6.4%
1Y
182.5%
EFX
CA$36.67
Enerflex
7D
6.9%
1Y
263.4%
Narrative Update • Jun 04

EFX: Future Cash Returns Will Reflect LNG And Data Center Demand Tailwinds

Enerflex's analyst price target has been updated from CA$39.36 to CA$44.50, as analysts factor in recent research that highlights the company's plans to drive growth, expand margins, and create shareholder value outlined in its virtual investor update. Analyst Commentary Recent Street research on Enerflex has been broadly constructive, with several bullish analysts lifting their price targets following the virtual investor update.
MATR
CA$13.48
Mattr
7D
5.3%
1Y
39.5%
TCW
CA$7.77
Trican Well Service
7D
4.9%
1Y
75.4%
Narrative Update • Jun 02

TCW: Higher Price Range And Buybacks Will Support A Constructive Outlook

Analysts have raised their average price target for Trican Well Service to about CA$8.46 from roughly CA$7.79. They cite updated views on discount rates, revenue growth, profit margins, and future P/E multiples, along with recent price target increases from several firms clustered around CA$8 to CA$8.50.
PD
CA$137.33
Precision Drilling
7D
10.7%
1Y
117.1%
Narrative Update • May 27

PD: Share Buybacks And Higher Margin Assumptions Will Support Future Earnings Power

Analysts have adjusted their fair value estimate for Precision Drilling from CA$160.00 to CA$175.00, citing updated assumptions for revenue growth, profit margins, and a lower future P/E multiple in their models. What's in the News Precision Drilling updated investors on its ongoing share buyback, covering activity from January 1, 2026 to March 31, 2026.
MCB
CA$2.19
McCoy Global
7D
-0.5%
1Y
-44.6%