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Australian (ASX) Oil and Gas Industry Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies104
- 7D3.0%
- 3M-5.3%
- 1Y-14.7%
- YTD-17.5%
Over the last 7 days, the Oil and Gas industry has risen 3.0%, driven by gains from Woodside Energy Group of 3.0%. Meanwhile, Peninsula Energy actually underperformed within the industry, shrinking 32% in the last week. However, the industry is down 15% over the past year. As for the next few years, earnings are expected to grow by 7.5% per annum.
Industry Valuation and Performance
Has the Australian Oil and Gas Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 20 Nov 2024 | AU$114.0b | AU$110.8b | AU$6.2b | 11.4x | 18.3x | 1x |
| Fri, 18 Oct 2024 | AU$117.3b | AU$110.0b | AU$6.1b | 12x | 19.3x | 1.1x |
| Sun, 15 Sep 2024 | AU$111.6b | AU$110.2b | AU$6.2b | 9.8x | 18x | 1x |
| Tue, 13 Aug 2024 | AU$122.5b | AU$112.7b | AU$7.4b | 7.5x | 16.4x | 1.1x |
| Thu, 11 Jul 2024 | AU$133.7b | AU$112.1b | AU$7.4b | 6.5x | 18.2x | 1.2x |
| Sat, 08 Jun 2024 | AU$130.6b | AU$112.4b | AU$7.4b | 8.9x | 17.6x | 1.2x |
| Mon, 06 May 2024 | AU$130.8b | AU$112.6b | AU$7.4b | 6.9x | 17.6x | 1.2x |
| Wed, 03 Apr 2024 | AU$137.8b | AU$113.3b | AU$7.5b | 7x | 18.3x | 1.2x |
| Fri, 01 Mar 2024 | AU$133.5b | AU$113.6b | AU$7.9b | 8.7x | 17x | 1.2x |
| Sun, 28 Jan 2024 | AU$139.7b | AU$128.8b | AU$19.3b | 6x | 7.2x | 1.1x |
| Tue, 26 Dec 2023 | AU$135.2b | AU$127.5b | AU$18.9b | 5.6x | 7.1x | 1.1x |
| Thu, 23 Nov 2023 | AU$132.7b | AU$128.9b | AU$19.4b | 4.9x | 6.9x | 1x |
| Sat, 21 Oct 2023 | AU$145.3b | AU$130.5b | AU$19.9b | 5.9x | 7.3x | 1.1x |
| Mon, 18 Sep 2023 | AU$148.5b | AU$130.0b | AU$19.9b | 4.7x | 7.5x | 1.1x |
| Wed, 16 Aug 2023 | AU$146.8b | AU$128.4b | AU$23.3b | 6.3x | 6.3x | 1.1x |
| Fri, 14 Jul 2023 | AU$137.2b | AU$126.3b | AU$22.7b | 6.2x | 6.1x | 1.1x |
| Sun, 11 Jun 2023 | AU$134.6b | AU$127.0b | AU$22.9b | 6.5x | 5.9x | 1.1x |
| Tue, 09 May 2023 | AU$146.2b | AU$128.7b | AU$23.9b | 6.8x | 6.1x | 1.1x |
| Thu, 06 Apr 2023 | AU$148.7b | AU$128.9b | AU$23.9b | 7.2x | 6.2x | 1.2x |
| Sat, 04 Mar 2023 | AU$158.3b | AU$133.0b | AU$23.5b | 7.3x | 6.7x | 1.2x |
| Mon, 30 Jan 2023 | AU$158.8b | AU$98.0b | AU$13.7b | 7.3x | 11.6x | 1.6x |
| Wed, 28 Dec 2022 | AU$157.2b | AU$99.5b | AU$14.1b | 7.2x | 11.2x | 1.6x |
| Fri, 25 Nov 2022 | AU$158.8b | AU$99.5b | AU$14.1b | 6.8x | 11.3x | 1.6x |
| Sun, 23 Oct 2022 | AU$158.5b | AU$101.2b | AU$14.6b | 7.1x | 10.9x | 1.6x |
| Tue, 20 Sep 2022 | AU$148.3b | AU$98.1b | AU$13.3b | 7.8x | 11.1x | 1.5x |
| Thu, 18 Aug 2022 | AU$140.8b | AU$70.7b | AU$4.9b | 9.2x | 28.8x | 2x |
| Sat, 16 Jul 2022 | AU$163.2b | AU$70.0b | AU$4.7b | 10.8x | 34.7x | 2.3x |
| Mon, 13 Jun 2022 | AU$152.5b | AU$69.2b | AU$4.5b | 13.1x | 33.7x | 2.2x |
| Wed, 11 May 2022 | AU$112.7b | AU$69.4b | AU$4.6b | 10.7x | 24.7x | 1.6x |
| Fri, 08 Apr 2022 | AU$116.6b | AU$68.2b | AU$4.4b | 12.6x | 26.8x | 1.7x |
| Sun, 06 Mar 2022 | AU$117.6b | AU$68.8b | AU$4.9b | 15.3x | 24.1x | 1.7x |
| Tue, 01 Feb 2022 | AU$103.2b | AU$53.3b | -AU$446,483,280.00 | 24.2x | -231.1x | 1.9x |
| Thu, 30 Dec 2021 | AU$98.6b | AU$53.0b | -AU$466,237,284.00 | 31.5x | -211.5x | 1.9x |
| Sat, 27 Nov 2021 | AU$89.3b | AU$53.0b | -AU$461,304,129.00 | 27.4x | -193.6x | 1.7x |
Price to Earnings Ratio
-193.6x
Current Industry PE
- Investors are pessimistic on the Australian Oil and Gas 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 18.3x which is higher than its 3-year average PE of -3.3x.
- The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 1.0x.
Past Earnings Growth
- Total earnings for the Oil and Gas industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 28% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Australian Energy industry?
| AU Market | 1.37% | |
| Energy | 2.97% | |
| Oil and Gas | 2.98% | |
| Oil and Gas Refining and Marketing | 4.23% | |
| Coal and Fuels | 3.86% | |
| Oil and Gas Exploration and Production | 2.51% | |
| Integrated Oil and Gas | 0% | |
| Oil and Gas Storage and Transportation | -5.00% | |
Industry PE
- Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 8.9%, which is higher than its past year's earnings decline of 56.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 16% over the next 5 years.
- In contrast, the Oil and Gas Storage and Transportation industry is expected to see its earnings decline by 29% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| WDS Woodside Energy Group | AU$24.39 | 3.0% +AU$1.3b | -23.9% | PE16.2x | |
| STO Santos | AU$6.79 | 1.3% +AU$291.6m | -4.6% | PE11.3x | |
| YAL Yancoal Australia | AU$6.34 | 1.3% +AU$105.6m | 29.4% | PE6.6x | |
| PDN Paladin Energy | AU$7.81 | 4.6% +AU$101.7m | -23.1% | PE28.3x | |
| VEA Viva Energy Group | AU$2.61 | 2.0% +AU$79.4m | -14.4% | PE25.7x |
