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Canadian (TSX) Energy Services Industry Analysis

UpdatedMay 18, 2025
DataAggregated Company Financials
Companies24
  • 7D3.2%
  • 3M-6.3%
  • 1Y4.3%
  • YTD-13.1%

In the last week, the Energy Services industry is up 3.2%, with North American Construction Group leading the way with a 9.9% gain. During this same period, the Mattr underperformed, falling 5.4%. This means that the industry has gained 3.7% over the past year. Earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 18 May 2025CA$12.3bCA$19.9bCA$959.8m7.8x12.8x0.6x
Tue, 15 Apr 2025CA$11.0bCA$19.6bCA$882.1m7.2x12.4x0.6x
Thu, 13 Mar 2025CA$11.4bCA$19.9bCA$923.7m8.8x12.3x0.6x
Sat, 08 Feb 2025CA$13.5bCA$19.8bCA$1.1b10x11.9x0.7x
Mon, 06 Jan 2025CA$14.4bCA$19.9bCA$1.1b10.6x12.7x0.7x
Wed, 04 Dec 2024CA$14.0bCA$19.7bCA$1.1b10.5x12.3x0.7x
Fri, 01 Nov 2024CA$11.9bCA$19.5bCA$1.2b9.2x9.8x0.6x
Sun, 29 Sep 2024CA$12.0bCA$19.3bCA$1.2b8.6x9.9x0.6x
Tue, 27 Aug 2024CA$15.6bCA$29.3bCA$1.8b9x8.8x0.5x
Thu, 25 Jul 2024CA$15.6bCA$28.4bCA$1.8b8.3x8.7x0.5x
Sat, 22 Jun 2024CA$15.0bCA$28.3bCA$1.8b7.7x8.3x0.5x
Mon, 20 May 2024CA$15.1bCA$28.3bCA$1.8b8x8.3x0.5x
Wed, 17 Apr 2024CA$15.2bCA$27.5bCA$1.5b7.9x9.8x0.6x
Fri, 15 Mar 2024CA$14.1bCA$27.4bCA$1.6b7.7x9.1x0.5x
Sun, 11 Feb 2024CA$13.6bCA$27.4bCA$1.3b6.9x10.5x0.5x
Tue, 09 Jan 2024CA$12.9bCA$28.1bCA$1.2b7.2x10.9x0.5x
Thu, 07 Dec 2023CA$11.8bCA$28.1bCA$1.2b7.2x10x0.4x
Sat, 04 Nov 2023CA$12.5bCA$27.2bCA$1.1b7.6x11x0.5x
Mon, 02 Oct 2023CA$13.1bCA$27.1bCA$1.2b8.2x10.9x0.5x
Wed, 30 Aug 2023CA$13.4bCA$27.1bCA$1.2b8.1x11.1x0.5x
Fri, 28 Jul 2023CA$13.1bCA$26.3bCA$1.1b8.7x12.2x0.5x
Sun, 25 Jun 2023CA$11.1bCA$26.3bCA$1.1b6.7x10x0.4x
Tue, 23 May 2023CA$11.3bCA$26.3bCA$1.1b6.9x10.3x0.4x
Thu, 20 Apr 2023CA$11.7bCA$24.3bCA$669.1m8.8x17.5x0.5x
Sat, 18 Mar 2023CA$11.1bCA$24.2bCA$647.8m8.6x17.2x0.5x
Mon, 13 Feb 2023CA$13.4bCA$22.5bCA$286.3m12x46.8x0.6x
Wed, 11 Jan 2023CA$13.5bCA$22.3bCA$253.5m13.3x53.2x0.6x
Fri, 09 Dec 2022CA$12.9bCA$22.2bCA$251.7m12.7x51.3x0.6x
Sun, 06 Nov 2022CA$13.0bCA$20.9bCA$128.6m15.5x101.3x0.6x
Tue, 04 Oct 2022CA$10.2bCA$19.4b-CA$156,837,204.0012x-64.9x0.5x
Thu, 01 Sep 2022CA$10.7bCA$19.4b-CA$156,837,204.0012.6x-68x0.6x
Sat, 30 Jul 2022CA$11.0bCA$18.4b-CA$274,857,277.0019.3x-40.2x0.6x
Mon, 27 Jun 2022CA$10.2bCA$16.5b-CA$472,639,277.0018x-21.6x0.6x
Wed, 25 May 2022CA$12.0bCA$16.5b-CA$472,609,544.0020.7x-25.4x0.7x
Price to Earnings Ratio

-25.4x


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 5.7x202320242025
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 12.7x which is higher than its 3-year average PE of 5.7x.
  • 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 Market1.84%
Energy1.38%
Energy Services3.19%
Oil and Gas Drilling3.47%
Oil and Gas Services3.14%
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 20.1x.
    • 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
NOA North American Construction GroupCA$24.109.9%
+CA$64.5m		-11.1%PE18.5x
TCW Trican Well ServiceCA$4.477.5%
+CA$55.9m		3.0%PE8x
PSI Pason SystemsCA$11.806.2%
+CA$54.4m		-22.6%PE12.9x
TVK TerraVest IndustriesCA$170.171.6%
+CA$52.7m		116.5%PE41.1x
EFX EnerflexCA$9.914.2%
+CA$49.4m		39.4%PE11.8x
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Latest News

TCW

CA$4.47

Trican Well Service

7D

7.5%

1Y

3.0%

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

MATR

CA$9.99

Mattr

7D

-5.4%

1Y

-40.5%

NOA

CA$24.10

North American Construction Group

7D

9.9%

1Y

-11.1%

TVK

CA$170.17

TerraVest Industries

7D

1.6%

1Y

116.5%

CFW

CA$3.37

Calfrac Well Services

7D

-1.7%

1Y

-17.8%

EFX

CA$9.91

Enerflex

7D

4.2%

1Y

39.4%

HWO

CA$0.79

High Arctic Energy Services

7D

-3.7%

1Y

-86.4%

TOT

CA$10.30

Total Energy Services

7D

6.3%

1Y

10.8%

CEU

CA$6.16

CES Energy Solutions

7D

2.7%

1Y

-9.3%

ACX

CA$4.99

ACT Energy Technologies

7D

-0.2%

1Y

-25.7%

SHLE

CA$11.46

Source Energy Services

7D

-4.2%

1Y

-0.7%

FLNT

CA$0.025

Flint

7D

-16.7%

1Y

-16.7%

PSI

CA$11.80

Pason Systems

7D

6.2%

1Y

-22.6%

Pason Systems (TSE:PSI) Has Announced A Dividend Of CA$0.13

May 05
Pason Systems (TSE:PSI) Has Announced A Dividend Of CA$0.13

PD

CA$60.66

Precision Drilling

7D

3.0%

1Y

-37.9%