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Canadian (TSX) Oil and Gas Exploration and Production Industry Analysis

UpdatedApr 30, 2024
DataAggregated Company Financials
Companies129
  • 7D2.8%
  • 3M21.9%
  • 1Y21.8%
  • YTDn/a

In the last week, the Oil and Gas Exploration and Production industry is up 2.2%, with Canadian Natural Resources up 1.6%. In the same time, Pipestone Energy was down 13%. This means that the industry has gained 21% over the past year. Earnings are forecast to grow by 8.8% annually.

Industry Valuation and Performance

Has the Canadian Oil and Gas Exploration and Production Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 30 Apr 2024CA$250.3bCA$91.4bCA$19.6b9.1x12.8x2.7x
Thu, 28 Mar 2024CA$236.5bCA$91.4bCA$19.8b8.6x11.9x2.6x
Sat, 24 Feb 2024CA$229.5bCA$104.3bCA$23.5b6.7x9.8x2.2x
Mon, 22 Jan 2024CA$216.0bCA$105.8bCA$24.9b5.6x8.7x2x
Wed, 20 Dec 2023CA$223.3bCA$105.6bCA$24.9b5.5x9x2.1x
Fri, 17 Nov 2023CA$233.6bCA$106.9bCA$25.1b6.3x9.3x2.2x
Sun, 15 Oct 2023CA$249.0bCA$110.4bCA$31.7b5.7x7.9x2.3x
Tue, 12 Sep 2023CA$234.7bCA$110.3bCA$31.7b5.8x7.4x2.1x
Thu, 10 Aug 2023CA$231.4bCA$110.9bCA$32.1b5.4x7.2x2.1x
Sat, 08 Jul 2023CA$207.9bCA$122.0bCA$38.8b4.2x5.4x1.7x
Mon, 05 Jun 2023CA$203.5bCA$122.3bCA$38.9b4.1x5.2x1.7x
Wed, 03 May 2023CA$203.6bCA$126.5bCA$39.6b3.8x5.1x1.6x
Fri, 31 Mar 2023CA$200.4bCA$126.1bCA$40.4b3.8x5x1.6x
Sun, 26 Feb 2023CA$211.3bCA$123.7bCA$43.9b3.8x4.8x1.7x
Tue, 24 Jan 2023CA$226.2bCA$123.4bCA$43.0b4.2x5.3x1.8x
Thu, 22 Dec 2022CA$217.8bCA$123.9bCA$43.1b3.9x5.1x1.8x
Sat, 19 Nov 2022CA$233.3bCA$123.5bCA$42.7b4.4x5.5x1.9x
Mon, 17 Oct 2022CA$219.7bCA$114.5bCA$36.0b5x6.1x1.9x
Wed, 14 Sep 2022CA$221.5bCA$112.7bCA$35.6b4.9x6.2x2x
Fri, 12 Aug 2022CA$216.9bCA$110.9bCA$35.3b4.7x6.1x2x
Sun, 10 Jul 2022CA$196.7bCA$96.7bCA$30.5b5.9x6.5x2x
Tue, 07 Jun 2022CA$256.0bCA$96.1bCA$30.5b7.8x8.4x2.7x
Thu, 05 May 2022CA$232.0bCA$84.5bCA$27.6b6.3x8.4x2.7x
Sat, 02 Apr 2022CA$220.4bCA$82.7bCA$26.2b5.7x8.4x2.7x
Mon, 28 Feb 2022CA$193.8bCA$71.4bCA$22.2b5.9x8.7x2.7x
Wed, 26 Jan 2022CA$175.9bCA$69.4bCA$17.9b6.2x9.9x2.5x
Fri, 24 Dec 2021CA$147.9bCA$69.5bCA$17.9b5.4x8.3x2.1x
Sun, 21 Nov 2021CA$148.3bCA$69.2bCA$18.1b6.1x8.2x2.1x
Tue, 19 Oct 2021CA$151.9bCA$58.0bCA$9.8b10.7x15.5x2.6x
Thu, 16 Sep 2021CA$128.3bCA$58.0bCA$9.7b8.2x13.2x2.2x
Sat, 14 Aug 2021CA$112.9bCA$58.0bCA$9.8b7.2x11.5x1.9x
Wed, 09 Jun 2021CA$113.3bCA$46.6b-CA$4,350,323,076.638.8x-26x2.4x
Price to Earnings Ratio

-23.2x


Total Market Cap: CA$100.9bTotal Earnings: -CA$4,346,058,608.18Total Revenue: CA$46.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Oil and Gas Exploration and Production Industry Price to Earnings3Y Average 7.2x202220232024
Current Industry PE
  • Investors are optimistic on the Canadian Oil and Gas Exploration and Production industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 12.8x which is higher than its 3-year average PE of 7.2x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • Total earnings for the Oil and Gas Exploration and Production industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 25% 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 Exploration and Production compare with similar industries?

CA Market0.72%
Energy2.13%
Oil and Gas2.05%
Oil and Gas Exploration and Production2.77%
Coal and Fuels5.15%
Oil and Gas Refining and Marketing1.42%
Integrated Oil and Gas1.27%
Oil and Gas Storage and Transportation1.21%
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?

CompanyLast Price7D1YValuation
CNQ Canadian Natural ResourcesCA$106.831.6%
+CA$1.8b		30.9%PE13.9x
TOU Tourmaline OilCA$69.125.2%
+CA$1.2b		13.7%PE14x
ARX ARC ResourcesCA$25.974.1%
+CA$615.6m		56.3%PE9.7x
CPG Crescent Point EnergyCA$12.626.1%
+CA$446.0m		28.3%PE9.8x
POU Paramount ResourcesCA$32.249.7%
+CA$413.5m		1.4%PE10x
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Latest News

MEG

CA$32.53

MEG Energy

7D

4.1%

1Y

46.4%

FO

CA$0.12

Falcon Oil & Gas

7D

-7.7%

1Y

-41.5%

POU

CA$32.24

Paramount Resources

7D

9.7%

1Y

1.4%

WCP

CA$10.64

Whitecap Resources

7D

2.6%

1Y

1.7%

TPL

CA$0.97

Tethys Petroleum

7D

-19.2%

1Y

38.6%

PSK

CA$27.28

PrairieSky Royalty

7D

-0.6%

1Y

27.6%

ATH

CA$4.98

Athabasca Oil

7D

-1.0%

1Y

50.9%

Is Athabasca Oil (TSE:ATH) Using Too Much Debt?

Apr 23
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CEI

CA$0.79

Coelacanth Energy

7D

-3.7%

1Y

12.9%

Here's Why We're Watching Coelacanth Energy's (CVE:CEI) Cash Burn Situation

Apr 22
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CPG

CA$12.62

Crescent Point Energy

7D

6.1%

1Y

28.3%

Is There An Opportunity With Crescent Point Energy Corp.'s (TSE:CPG) 42% Undervaluation?

Apr 12
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BTE

CA$5.40

Baytex Energy

7D

7.8%

1Y

6.9%

Market Might Still Lack Some Conviction On Baytex Energy Corp. (TSE:BTE) Even After 25% Share Price Boost

Apr 11
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ARX

CA$25.97

ARC Resources

7D

4.1%

1Y

56.3%

Many Still Looking Away From ARC Resources Ltd. (TSE:ARX)

Apr 08
Many Still Looking Away From ARC Resources Ltd. (TSE:ARX)

CNQ

CA$106.83

Canadian Natural Resources

7D

1.6%

1Y

30.9%

Canadian Natural Resources Limited's (TSE:CNQ) Shares May Have Run Too Fast Too Soon

Apr 05
Canadian Natural Resources Limited's (TSE:CNQ) Shares May Have Run Too Fast Too Soon

TOU

CA$69.12

Tourmaline Oil

7D

5.2%

1Y

13.7%

PLSR

CA$1.19

Pulsar Helium

7D

-9.2%

1Y

n/a

SNM

CA$0.07

ShaMaran Petroleum

7D

-17.6%

1Y

0%

ShaMaran Petroleum Corp. (CVE:SNM) Stock Rockets 44% But Many Are Still Ignoring The Company

Mar 21
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PIPE

CA$1.94

Pipestone Energy

7D

-13.4%

1Y

-55.7%