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Canadian (TSX) Energy Services Industry Analysis

UpdatedAug 17, 2025
DataAggregated Company Financials
Companies25
  • 7D-4.4%
  • 3M3.1%
  • 1Y4.1%
  • YTD-9.1%

Over the last 7 days, the Energy Services industry has dropped 4.4%, driven by a pullback from TerraVest Industries of 12%. In contrast, CES Energy Solutions has gained 6.2%. This takes the industry's 12 month performance to a gain of 4.1%. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 17 Aug 2025CA$13.0bCA$20.2bCA$982.5m9.3x13.2x0.6x
Tue, 15 Jul 2025CA$13.7bCA$19.9bCA$955.1m11.2x14.3x0.7x
Thu, 12 Jun 2025CA$13.2bCA$19.9bCA$954.9m9.5x13.8x0.7x
Sat, 10 May 2025CA$11.9bCA$19.7bCA$919.7m7.3x12.9x0.6x
Mon, 07 Apr 2025CA$11.0bCA$19.7bCA$881.9m7.5x12.5x0.6x
Wed, 05 Mar 2025CA$11.8bCA$19.9bCA$992.5m8.9x11.9x0.6x
Fri, 31 Jan 2025CA$14.0bCA$19.9bCA$1.1b10.1x12.3x0.7x
Sun, 29 Dec 2024CA$13.8bCA$19.9bCA$1.1b10.3x12.2x0.7x
Tue, 26 Nov 2024CA$14.4bCA$19.7bCA$1.1b10.7x12.7x0.7x
Thu, 24 Oct 2024CA$12.1bCA$19.4bCA$1.2b9.1x10x0.6x
Sat, 21 Sep 2024CA$12.3bCA$19.4bCA$1.2b8.6x10.1x0.6x
Mon, 19 Aug 2024CA$15.5bCA$29.3bCA$1.8b8.4x8.7x0.5x
Wed, 17 Jul 2024CA$15.8bCA$28.4bCA$1.8b8.2x8.8x0.6x
Fri, 14 Jun 2024CA$15.0bCA$28.4bCA$1.8b8.2x8.3x0.5x
Sun, 12 May 2024CA$14.8bCA$28.3bCA$1.8b7.8x8.2x0.5x
Tue, 09 Apr 2024CA$15.4bCA$27.5bCA$1.5b8.4x10.1x0.6x
Thu, 07 Mar 2024CA$14.2bCA$27.8bCA$1.3b7.1x10.7x0.5x
Sat, 03 Feb 2024CA$13.7bCA$28.1bCA$1.2b7.5x11.5x0.5x
Mon, 01 Jan 2024CA$12.8bCA$28.1bCA$1.2b7.3x10.8x0.5x
Wed, 29 Nov 2023CA$12.0bCA$28.1bCA$1.2b7.5x10.1x0.4x
Fri, 27 Oct 2023CA$12.0bCA$27.1bCA$1.2b7.4x10x0.4x
Sun, 24 Sep 2023CA$13.5bCA$27.1bCA$1.2b8.4x11.2x0.5x
Tue, 22 Aug 2023CA$13.0bCA$27.1bCA$1.2b7.9x10.8x0.5x
Thu, 20 Jul 2023CA$12.8bCA$26.3bCA$1.1b7.9x11.6x0.5x
Sat, 17 Jun 2023CA$11.3bCA$26.3bCA$1.1b7x10.1x0.4x
Mon, 15 May 2023CA$11.2bCA$26.3bCA$1.1b6.8x10.2x0.4x
Wed, 12 Apr 2023CA$11.6bCA$24.2bCA$656.9m9.3x17.7x0.5x
Fri, 10 Mar 2023CA$12.5bCA$23.8bCA$581.0m10.2x21.5x0.5x
Sun, 05 Feb 2023CA$13.6bCA$22.3bCA$253.5m12.1x53.7x0.6x
Tue, 03 Jan 2023CA$13.3bCA$22.3bCA$253.5m13.4x52.4x0.6x
Thu, 01 Dec 2022CA$13.5bCA$22.2bCA$251.7m12.9x53.7x0.6x
Sat, 29 Oct 2022CA$12.2bCA$19.6b-CA$75,216,204.0014.4x-162.3x0.6x
Mon, 26 Sep 2022CA$9.4bCA$19.4b-CA$156,837,204.0011.8x-60.2x0.5x
Wed, 24 Aug 2022CA$11.1bCA$19.4b-CA$127,533,279.0012.8x-86.8x0.6x
Price to Earnings Ratio

-86.8x


Total Market Cap: CA$11.1bTotal Earnings: -CA$127,533,279.00Total Revenue: CA$19.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Energy Services Industry Price to Earnings3Y Average 9.4x202320242025
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 13.2x which is higher than its 3-year average PE of 9.4x.
  • 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 remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.

Industry Trends

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

CA Market0.86%
Energy0.31%
Energy Services-4.43%
Oil and Gas Drilling-0.23%
Oil and Gas Services-5.19%
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 27.9x.
    • Analysts are expecting annual earnings growth of 15.1%, which is higher than its past year's earnings decline of 15.6% 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 40% per year.
  • In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 15% 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
CEU CES Energy SolutionsCA$7.746.2%
+CA$98.6m		-1.0%PE9.2x
EFX EnerflexCA$13.235.3%
+CA$81.9m		65.6%PE9.1x
ACX ACT Energy TechnologiesCA$4.835.5%
+CA$8.5m		-22.7%PE4.3x
TOT Total Energy ServicesCA$12.171.8%
+CA$8.2m		33.0%PE6.9x
MCB McCoy GlobalCA$3.264.5%
+CA$3.7m		62.2%PE12.3x

Latest News

TVK
CA$138.96
TerraVest Industries
7D
-12.2%
1Y
47.0%
NOA
CA$17.01
North American Construction Group
7D
-24.3%
1Y
-34.3%
MATR
CA$10.21
Mattr
7D
-15.8%
1Y
-31.2%
CFW
CA$3.44
Calfrac Well Services
7D
-9.5%
1Y
-15.7%
MCB
CA$3.26
McCoy Global
7D
4.5%
1Y
62.2%

McCoy Global (TSE:MCB) Has Announced A Dividend Of CA$0.025

Aug 14
McCoy Global (TSE:MCB) Has Announced A Dividend Of CA$0.025
PSI
CA$11.20
Pason Systems
7D
-3.1%
1Y
-22.3%

Pason Systems (TSE:PSI) Has Affirmed Its Dividend Of CA$0.13

Aug 12
Pason Systems (TSE:PSI) Has Affirmed Its Dividend Of CA$0.13
CEU
CA$7.74
CES Energy Solutions
7D
6.2%
1Y
-1.0%
ESI
CA$2.06
Ensign Energy Services
7D
0.5%
1Y
-15.6%
ACX
CA$4.83
ACT Energy Technologies
7D
5.5%
1Y
-22.7%
TOT
CA$12.17
Total Energy Services
7D
1.8%
1Y
33.0%
EFX
CA$13.23
Enerflex
7D
5.3%
1Y
65.6%
PD
CA$74.48
Precision Drilling
7D
-1.3%
1Y
-22.1%
RFX
CA$0.15
Reeflex Solutions
7D
15.4%
1Y
n/a
PSD
CA$3.69
Pulse Seismic
7D
-10.7%
1Y
49.4%
STEP
CA$4.25
STEP Energy Services
7D
-2.1%
1Y
3.2%
CPS
CA$0.18
Canadian Premium Sand
7D
5.9%
1Y
-32.1%