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Canadian (TSX) Energy Services Industry Analysis

UpdatedAug 20, 2025
DataAggregated Company Financials
Companies25
  • 7D-7.2%
  • 3M7.2%
  • 1Y6.4%
  • YTD-9.1%

Over the last 7 days, the Energy Services industry has dropped 7.2%, driven by TerraVest Industries declining 15%. In the past year, the industry has gained 6.4%. As for the next few years, earnings are expected to grow by 17% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 20 Aug 2025CA$13.2bCA$20.2bCA$983.2m9.3x13.4x0.6x
Fri, 18 Jul 2025CA$13.5bCA$19.9bCA$955.5m11.3x14.1x0.7x
Sun, 15 Jun 2025CA$13.3bCA$19.8bCA$954.3m9.7x14x0.7x
Tue, 13 May 2025CA$11.9bCA$19.7bCA$920.1m7.7x13x0.6x
Thu, 10 Apr 2025CA$10.5bCA$19.7bCA$881.6m7.7x12x0.5x
Sat, 08 Mar 2025CA$11.4bCA$19.9bCA$952.3m8.6x12x0.6x
Mon, 03 Feb 2025CA$13.7bCA$19.9bCA$1.1b9.9x12.1x0.7x
Wed, 01 Jan 2025CA$13.9bCA$19.8bCA$1.1b10.4x12.2x0.7x
Fri, 29 Nov 2024CA$13.9bCA$19.7bCA$1.1b10.7x12.2x0.7x
Sun, 27 Oct 2024CA$12.2bCA$19.4bCA$1.2b9.4x10.1x0.6x
Tue, 24 Sep 2024CA$12.3bCA$19.4bCA$1.2b8.6x10.1x0.6x
Thu, 22 Aug 2024CA$15.3bCA$29.3bCA$1.8b8.3x8.6x0.5x
Sat, 20 Jul 2024CA$16.0bCA$28.4bCA$1.8b8.1x8.9x0.6x
Mon, 17 Jun 2024CA$14.9bCA$28.4bCA$1.8b8x8.2x0.5x
Wed, 15 May 2024CA$14.9bCA$28.3bCA$1.8b7.6x8.1x0.5x
Fri, 12 Apr 2024CA$15.6bCA$27.5bCA$1.5b7.9x10.1x0.6x
Sun, 10 Mar 2024CA$14.3bCA$27.8bCA$1.5b7.2x9.7x0.5x
Tue, 06 Feb 2024CA$13.2bCA$27.4bCA$1.2b7.5x11.5x0.5x
Thu, 04 Jan 2024CA$12.7bCA$28.1bCA$1.2b7.1x10.7x0.5x
Sat, 02 Dec 2023CA$12.2bCA$28.1bCA$1.2b7.6x10.2x0.4x
Mon, 30 Oct 2023CA$12.1bCA$27.1bCA$1.2b7.9x10.1x0.4x
Wed, 27 Sep 2023CA$13.3bCA$27.1bCA$1.2b8.3x11x0.5x
Fri, 25 Aug 2023CA$13.1bCA$27.1bCA$1.2b7.8x10.9x0.5x
Sun, 23 Jul 2023CA$12.9bCA$26.3bCA$1.1b7.9x11.6x0.5x
Tue, 20 Jun 2023CA$11.3bCA$26.3bCA$1.1b7x10.2x0.4x
Thu, 18 May 2023CA$11.3bCA$26.3bCA$1.1b6.7x10.2x0.4x
Sat, 15 Apr 2023CA$11.8bCA$24.2bCA$657.8m9.1x17.9x0.5x
Mon, 13 Mar 2023CA$12.2bCA$24.0bCA$601.5m9.8x20.3x0.5x
Wed, 08 Feb 2023CA$13.5bCA$22.3bCA$253.5m12.2x53.4x0.6x
Fri, 06 Jan 2023CA$12.8bCA$22.3bCA$253.5m11.3x50.3x0.6x
Sun, 04 Dec 2022CA$13.5bCA$22.2bCA$251.7m12.8x53.8x0.6x
Tue, 01 Nov 2022CA$12.5bCA$19.6b-CA$67,718,204.0014.8x-184.1x0.6x
Thu, 29 Sep 2022CA$9.9bCA$19.4b-CA$156,837,204.0011.9x-62.8x0.5x
Sat, 27 Aug 2022CA$11.1bCA$19.4b-CA$127,533,279.0012.9x-86.7x0.6x
Price to Earnings Ratio

-86.7x


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 9.7x202320242025
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 13.4x which is higher than its 3-year average PE of 9.7x.
  • 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 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 Market-0.027%
Energy-0.57%
Energy Services-7.18%
Oil and Gas Drilling-2.36%
Oil and Gas Services-8.03%
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 27.6x.
    • 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
ACX ACT Energy TechnologiesCA$4.712.2%
+CA$3.4m		-23.8%PE4.2x
RFX Reeflex SolutionsCA$0.1623.1%
+CA$1.4m		128.6%n/a
QST Questor TechnologyCA$0.5110.9%
+CA$1.4m		0%PS2.3x
HOH High Arctic Overseas HoldingsCA$1.055.0%
+CA$622.4k		-26.1%n/a
CPS Canadian Premium SandCA$0.182.9%
+CA$463.1k		-36.8%PE-4x

Latest News

MATR
CA$10.68
Mattr
7D
-12.0%
1Y
-27.2%
TVK
CA$141.07
TerraVest Industries
7D
-14.7%
1Y
54.0%
WRG
CA$2.08
Western Energy Services
7D
0.5%
1Y
-30.2%
NOA
CA$17.12
North American Construction Group
7D
-24.4%
1Y
-32.9%

Expanding Australian And US Operations Will Broaden Business Horizons

A sharp decline in net profit margin combined with a substantial increase in the future P/E ratio signals deteriorating profitability and a less attractive valuation, leading analysts to lower their fair value estimate for North American Construction Group from CA$33.94 to CA$30.94. What's in the News Maintained earnings guidance for the second half of 2025, with combined revenue expected at $700 million to $750 million.
HWO
CA$0.83
High Arctic Energy Services
7D
2.5%
1Y
-50.0%
PSI
CA$11.21
Pason Systems
7D
-5.8%
1Y
-20.9%

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
CFW
CA$3.36
Calfrac Well Services
7D
-8.9%
1Y
-16.0%

Modernizing Fleet And Expansion Into Vaca Muerta Will Improve Future Efficiency

The upward revision in Calfrac Well Services' price target reflects a substantial improvement in net profit margin and a markedly lower future P/E ratio, resulting in a new consensus fair value of CA$4.50. Valuation Changes Summary of Valuation Changes for Calfrac Well Services The Consensus Analyst Price Target has risen from CA$4.17 to CA$4.50.
ACX
CA$4.71
ACT Energy Technologies
7D
2.2%
1Y
-23.8%
PEC.H
CA$0.11
Peak Discovery Capital
7D
15.8%
1Y
n/a
EFX
CA$13.00
Enerflex
7D
-1.4%
1Y
67.5%

Rising Global Natural Gas Demand Will Fuel Infrastructure Modernization

The notable upward revision in Enerflex’s analyst price target is primarily driven by improved consensus revenue growth forecasts and a higher expected future P/E multiple, raising the fair value estimate from CA$16.11 to CA$17.11. Valuation Changes Summary of Valuation Changes for Enerflex The Consensus Analyst Price Target has risen from CA$16.11 to CA$17.11.
PD
CA$73.99
Precision Drilling
7D
-3.7%
1Y
-20.9%
TCW
CA$5.72
Trican Well Service
7D
-3.9%
1Y
14.6%
RFX
CA$0.16
Reeflex Solutions
7D
23.1%
1Y
128.6%
QST
CA$0.51
Questor Technology
7D
10.9%
1Y
0%
CPS
CA$0.18
Canadian Premium Sand
7D
2.9%
1Y
-36.8%
HOH
CA$1.05
High Arctic Overseas Holdings
7D
5.0%
1Y
-26.1%