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Canadian (TSX) Energy Services Industry Analysis

UpdatedSep 27, 2025
DataAggregated Company Financials
Companies25
  • 7D3.6%
  • 3M8.7%
  • 1Y19.1%
  • YTD-0.7%

Over the last 7 days, the Energy Services industry has risen 3.6%, and Trican Well Service contributed the most with a gain of 7.4%. In the last 12 months, the industry was up 19%. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Sep 2025CA$14.3bCA$20.3bCA$985.4m10.6x14.5x0.7x
Mon, 25 Aug 2025CA$13.6bCA$20.2bCA$982.7m10x13.9x0.7x
Wed, 23 Jul 2025CA$13.4bCA$19.8bCA$954.4m11x14.1x0.7x
Fri, 20 Jun 2025CA$13.4bCA$19.9bCA$955.1m9.8x14.1x0.7x
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
Price to Earnings Ratio

-64.9x


Total Market Cap: CA$10.2bTotal Earnings: -CA$156,837,204.00Total Revenue: CA$19.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Energy Services Industry Price to Earnings3Y Average 12.6x202320242025
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 14.5x which is higher than its 3-year average PE of 12.6x.
  • 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 Market0.44%
Energy3.06%
Energy Services3.59%
Oil and Gas Drilling4.53%
Oil and Gas Services3.42%
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 22.0x.
    • Analysts are expecting annual earnings growth of 10.2%, 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 30% 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 10% 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
TCW Trican Well ServiceCA$6.137.4%
+CA$89.1m		27.7%PE12.6x
CEU CES Energy SolutionsCA$9.054.4%
+CA$82.6m		21.3%PE10.7x
STEP STEP Energy ServicesCA$5.4125.8%
+CA$80.9m		44.3%PS0.4x
EFX EnerflexCA$15.313.4%
+CA$61.1m		90.9%PE10.4x
PD Precision DrillingCA$82.304.5%
+CA$46.8m		-1.4%PE10.4x

Latest News

STEP
CA$5.41
STEP Energy Services
7D
25.8%
1Y
44.3%
PD
CA$82.30
Precision Drilling
7D
4.5%
1Y
-1.4%
NOA
CA$19.27
North American Construction Group
7D
3.4%
1Y
-24.3%
CEU
CA$9.05
CES Energy Solutions
7D
4.4%
1Y
21.3%
EFX
CA$15.31
Enerflex
7D
3.4%
1Y
90.9%
CTEK
CA$0.45
Cleantek Industries
7D
-10.0%
1Y
164.7%
TCW
CA$6.13
Trican Well Service
7D
7.4%
1Y
27.7%
RFX
CA$0.17
Reeflex Solutions
7D
-5.7%
1Y
230.0%
CPS
CA$0.14
Canadian Premium Sand
7D
-9.7%
1Y
-48.1%
MATR
CA$10.90
Mattr
7D
-1.9%
1Y
-23.1%
ESI
CA$2.45
Ensign Energy Services
7D
4.7%
1Y
-7.2%
CFW
CA$3.49
Calfrac Well Services
7D
5.8%
1Y
-8.2%

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.
HOH
CA$1.06
High Arctic Overseas Holdings
7D
-7.8%
1Y
-29.8%