Investor Optimism Abounds Secure Energy Services Inc. (TSE:SES) But Growth Is Lacking
Oct 30
Canadian (TSX) Oil and Gas Services Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies22
- 7D-0.9%
- 3M-7.6%
- 1Y8.4%
- YTD6.5%
Over the last 7 days, the Oil and Gas Services industry has remained flat, although notably TerraVest Industries declined by 8.5%. As for the the longer term, the industry is up 8.4% over the past 12 months. As for the next few years, earnings are expected to grow by 25% per annum.
Industry Valuation and Performance
Has the Canadian Oil and Gas Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | CA$9.7b | CA$21.7b | CA$880.6m | 7.9x | 11x | 0.4x |
| Wed, 27 Sep 2023 | CA$10.5b | CA$21.7b | CA$878.5m | 8.3x | 11.9x | 0.5x |
| Fri, 25 Aug 2023 | CA$10.5b | CA$21.7b | CA$875.2m | 8.2x | 12x | 0.5x |
| Sun, 23 Jul 2023 | CA$10.6b | CA$21.3b | CA$850.9m | 8.2x | 12.5x | 0.5x |
| Tue, 20 Jun 2023 | CA$9.4b | CA$21.3b | CA$850.9m | 7.5x | 11.1x | 0.4x |
| Thu, 18 May 2023 | CA$9.3b | CA$21.3b | CA$841.4m | 7.4x | 11.1x | 0.4x |
| Sat, 15 Apr 2023 | CA$9.5b | CA$19.8b | CA$591.1m | 9.1x | 16x | 0.5x |
| Mon, 13 Mar 2023 | CA$9.7b | CA$19.6b | CA$551.6m | 9.6x | 17.5x | 0.5x |
| Wed, 08 Feb 2023 | CA$10.6b | CA$18.4b | CA$289.9m | 12.2x | 36.7x | 0.6x |
| Fri, 06 Jan 2023 | CA$9.9b | CA$18.4b | CA$289.9m | 10.2x | 34.2x | 0.5x |
| Sun, 04 Dec 2022 | CA$10.4b | CA$18.3b | CA$288.1m | 12.7x | 36.1x | 0.6x |
| Tue, 01 Nov 2022 | CA$9.5b | CA$16.1b | CA$49.6m | 11.8x | 192.3x | 0.6x |
| Thu, 29 Sep 2022 | CA$7.8b | CA$16.0b | CA$40.7m | 11.2x | 191.4x | 0.5x |
| Sat, 27 Aug 2022 | CA$8.6b | CA$16.0b | CA$70.0m | 12x | 122.5x | 0.5x |
| Mon, 25 Jul 2022 | CA$7.8b | CA$13.5b | -CA$151,742,947.00 | 15.4x | -51.1x | 0.6x |
| Wed, 22 Jun 2022 | CA$8.7b | CA$13.5b | -CA$139,817,947.00 | 15.4x | -61.9x | 0.6x |
| Fri, 20 May 2022 | CA$9.0b | CA$13.5b | -CA$139,788,214.00 | 15.5x | -64.6x | 0.7x |
| Sun, 17 Apr 2022 | CA$9.0b | CA$11.7b | -CA$230,584,528.00 | 12.9x | -38.9x | 0.8x |
| Tue, 15 Mar 2022 | CA$7.7b | CA$11.5b | -CA$86,311,937.00 | 12.5x | -88.8x | 0.7x |
| Thu, 10 Feb 2022 | CA$8.0b | CA$10.6b | CA$171.9m | 11.5x | 46.4x | 0.8x |
| Sat, 08 Jan 2022 | CA$7.5b | CA$10.6b | CA$172.1m | 11.7x | 43.8x | 0.7x |
| Mon, 06 Dec 2021 | CA$7.0b | CA$10.6b | CA$175.0m | 10.8x | 39.8x | 0.7x |
| Wed, 03 Nov 2021 | CA$8.0b | CA$10.1b | CA$64.7m | 12.9x | 124x | 0.8x |
| Fri, 01 Oct 2021 | CA$6.9b | CA$9.1b | CA$35.1m | 12.3x | 197.7x | 0.8x |
| Sun, 29 Aug 2021 | CA$6.1b | CA$9.1b | CA$31.8m | 11.8x | 192.5x | 0.7x |
| Mon, 05 Jul 2021 | CA$6.1b | CA$9.1b | CA$31.8m | 12.5x | 192x | 0.7x |
| Thu, 08 Apr 2021 | CA$5.5b | CA$8.4b | -CA$429,568,581.00 | 13.5x | -12.7x | 0.7x |
| Sun, 10 Jan 2021 | CA$4.5b | CA$9.0b | -CA$1,350,386,161.00 | 9.1x | -3.3x | 0.5x |
Price to Earnings Ratio
-3.4x
Current Industry PE
- Investors are pessimistic on the Canadian Oil and Gas Equipment and Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 11.0x which is lower than its 3-year average PE of 37.7x.
- The industry is trading close to its 3-year average PS ratio of 0.59x.
Past Earnings Growth
- Total earnings for the Oil and Gas Equipment and Services industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 34% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does Canadian Oil and Gas Services compare with similar industries?
| CA Market | -1.70% | |
| Energy | -1.56% | |
| Energy Services | -1.67% | |
| Oil and Gas Services | -0.90% | |
| Oil and Gas Drilling | -4.64% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SES Secure Energy Services | CA$7.49 | 4.2% +CA$86.7m | 4.8% | PE12x | |
| TCW Trican Well Service | CA$4.60 | 3.4% +CA$31.8m | 27.1% | PE8.1x | |
| CFW Calfrac Well Services | CA$5.17 | 2.2% +CA$8.9m | -30.9% | PE2.9x | |
| MATR Shawcor | CA$14.43 | 0.4% +CA$4.2m | 45.2% | PS0.7x | |
| NOA North American Construction Group | CA$28.81 | 0.5% +CA$3.7m | 69.4% | PE9.6x |
