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Canadian (TSX) Energy Services Industry Analysis

UpdatedMay 24, 2025
DataAggregated Company Financials
Companies24
  • 7D-2.9%
  • 3M-7.8%
  • 1Y2.7%
  • YTD-15.3%

Over the last 7 days, the Energy Services industry has dropped 3.3%, driven by a pullback from Mattr of 12%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 May 2025CA$11.8bCA$19.9bCA$955.3m8.6x12.4x0.6x
Mon, 21 Apr 2025CA$11.3bCA$19.6bCA$881.8m7.4x12.8x0.6x
Wed, 19 Mar 2025CA$12.1bCA$19.8bCA$871.0m8.4x13.9x0.6x
Fri, 14 Feb 2025CA$13.4bCA$19.8bCA$1.0b10.1x13.2x0.7x
Sun, 12 Jan 2025CA$14.2bCA$19.9bCA$1.1b10.3x12.5x0.7x
Tue, 10 Dec 2024CA$14.0bCA$19.7bCA$1.1b10.6x12.3x0.7x
Thu, 07 Nov 2024CA$13.0bCA$19.5bCA$1.2b9.9x10.7x0.7x
Sat, 05 Oct 2024CA$12.5bCA$19.4bCA$1.2b8.8x10.3x0.6x
Mon, 02 Sep 2024CA$15.8bCA$29.3bCA$1.8b8.8x8.9x0.5x
Wed, 31 Jul 2024CA$15.7bCA$28.4bCA$1.8b8.5x8.7x0.6x
Fri, 28 Jun 2024CA$15.3bCA$28.3bCA$1.8b8.4x8.5x0.5x
Sun, 26 May 2024CA$15.0bCA$28.3bCA$1.8b7.7x8.3x0.5x
Tue, 23 Apr 2024CA$14.8bCA$27.4bCA$1.5b7.9x9.6x0.5x
Thu, 21 Mar 2024CA$14.4bCA$27.4bCA$1.6b7.1x9.3x0.5x
Sat, 17 Feb 2024CA$13.8bCA$27.5bCA$1.3b6.9x10.5x0.5x
Mon, 15 Jan 2024CA$12.9bCA$28.1bCA$1.2b7.2x10.8x0.5x
Wed, 13 Dec 2023CA$11.9bCA$28.1bCA$1.2b6.7x10x0.4x
Fri, 10 Nov 2023CA$12.1bCA$27.2bCA$1.2b7.6x10.1x0.4x
Sun, 08 Oct 2023CA$12.4bCA$27.1bCA$1.2b7.5x10.3x0.5x
Tue, 05 Sep 2023CA$13.7bCA$27.1bCA$1.2b8.3x11.3x0.5x
Thu, 03 Aug 2023CA$12.9bCA$26.1bCA$1.1b7.5x11.8x0.5x
Sat, 01 Jul 2023CA$11.8bCA$26.3bCA$1.1b7.2x10.6x0.4x
Mon, 29 May 2023CA$11.2bCA$26.3bCA$1.1b6.9x10.2x0.4x
Wed, 26 Apr 2023CA$11.6bCA$24.3bCA$669.1m9x17.3x0.5x
Fri, 24 Mar 2023CA$11.2bCA$24.2bCA$661.4m8.6x16.9x0.5x
Sun, 19 Feb 2023CA$13.1bCA$22.6bCA$287.0m11.6x45.7x0.6x
Tue, 17 Jan 2023CA$14.0bCA$22.3bCA$253.5m13.8x55.3x0.6x
Thu, 15 Dec 2022CA$13.1bCA$22.3bCA$253.3m12.8x51.8x0.6x
Sat, 12 Nov 2022CA$13.4bCA$22.0bCA$200.8m13.5x66.8x0.6x
Mon, 10 Oct 2022CA$10.6bCA$19.4b-CA$156,837,204.0012.4x-67.5x0.5x
Wed, 07 Sep 2022CA$10.4bCA$19.4b-CA$156,837,204.0012.3x-66.1x0.5x
Fri, 05 Aug 2022CA$10.2bCA$18.4b-CA$263,556,438.0016.7x-38.8x0.6x
Sun, 03 Jul 2022CA$10.4bCA$16.5b-CA$472,639,277.0017.2x-22.1x0.6x
Tue, 31 May 2022CA$12.6bCA$16.5b-CA$473,159,544.0020.8x-26.7x0.8x
Price to Earnings Ratio

-26.7x


Total Market Cap: CA$12.6bTotal Earnings: -CA$473,159,544.00Total Revenue: CA$16.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Energy Services Industry Price to Earnings3Y Average 5.9x202320242025
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 12.4x which is higher than its 3-year average PE of 5.9x.
  • 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 6.5% 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 Market-0.17%
Energy0.15%
Energy Services-2.90%
Oil and Gas Services-2.88%
Oil and Gas Drilling-2.99%
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 20.6x.
    • Analysts are expecting annual earnings growth of 17.8%, 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 28% 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 18% 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
AKT.A AKITA DrillingCA$1.978.2%
+CA$6.0m		36.8%PE4.1x
QST Questor TechnologyCA$0.3713.8%
+CA$1.2m		-35.1%PS1.7x
SDI Stampede DrillingCA$0.143.6%
+CA$999.7k		-37.0%PE17.4x
FLNT FlintCA$0.0320.0%
+CA$550.0k		0%PE1.1x
HOH High Arctic Overseas HoldingsCA$1.062.9%
+CA$373.4k		n/an/a
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TVK

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TerraVest Industries

7D

-4.8%

1Y

109.0%

CFW

CA$3.18

Calfrac Well Services

7D

-5.6%

1Y

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MATR

CA$9.56

Mattr

7D

-4.3%

1Y

-41.2%

QST

CA$0.37

Questor Technology

7D

13.8%

1Y

-35.1%

SDI

CA$0.14

Stampede Drilling

7D

3.6%

1Y

-37.0%

FLNT

CA$0.03

Flint

7D

20.0%

1Y

0%

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AKT.A

CA$1.97

AKITA Drilling

7D

8.2%

1Y

36.8%

TCW

CA$4.30

Trican Well Service

7D

-3.8%

1Y

-2.3%

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NOA

CA$23.57

North American Construction Group

7D

-2.2%

1Y

-13.2%

PHX

CA$7.89

PHX Energy Services

7D

-4.5%

1Y

-9.5%

EFX

CA$9.69

Enerflex

7D

-2.2%

1Y

40.0%

PD

CA$58.03

Precision Drilling

7D

-4.3%

1Y

-40.1%

HOH

CA$1.06

High Arctic Overseas Holdings

7D

2.9%

1Y

n/a