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Australian (ASX) Oil and Gas Industry Analysis

UpdatedFeb 21, 2024
DataAggregated Company Financials
Companies107
  • 7D-2.5%
  • 3M0.9%
  • 1Y-4.5%
  • YTD-2.1%

Over the last 7 days, the Oil and Gas industry has dropped 2.5%, driven by Woodside Energy Group declining 3.0%. Overall the industry is down 4.5% in 12 months. Looking forward, earnings are forecast to decline by 5.1% per year.

Industry Valuation and Performance

Has the Australian Oil and Gas Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 21 Feb 2024AU$135.1bAU$125.0bAU$17.8b6.1x7.6x1.1x
Fri, 19 Jan 2024AU$136.8bAU$128.8bAU$19.3b5.8x7.1x1.1x
Sun, 17 Dec 2023AU$133.6bAU$128.0bAU$19.1b5.9x7x1x
Tue, 14 Nov 2023AU$132.2bAU$130.1bAU$19.7b5.1x6.7x1x
Thu, 12 Oct 2023AU$143.1bAU$129.8bAU$19.6b5.8x7.3x1.1x
Sat, 09 Sep 2023AU$146.7bAU$130.3bAU$20.0b5.2x7.3x1.1x
Mon, 07 Aug 2023AU$144.8bAU$128.0bAU$23.2b6.4x6.2x1.1x
Wed, 05 Jul 2023AU$136.6bAU$127.3bAU$23.0b6.6x5.9x1.1x
Fri, 02 Jun 2023AU$144.2bAU$130.2bAU$24.4b6.5x5.9x1.1x
Sun, 30 Apr 2023AU$145.4bAU$129.7bAU$24.2b6.8x6x1.1x
Tue, 28 Mar 2023AU$140.0bAU$133.6bAU$25.1b6.7x5.6x1x
Thu, 23 Feb 2023AU$151.3bAU$118.7bAU$16.1b7.5x9.4x1.3x
Sat, 21 Jan 2023AU$162.7bAU$98.7bAU$13.9b7.3x11.7x1.6x
Mon, 19 Dec 2022AU$155.8bAU$99.7bAU$14.1b6.8x11x1.6x
Wed, 16 Nov 2022AU$158.7bAU$99.6bAU$14.1b6.6x11.2x1.6x
Fri, 14 Oct 2022AU$151.0bAU$101.5bAU$14.6b6.6x10.3x1.5x
Sun, 11 Sep 2022AU$152.2bAU$97.5bAU$13.2b7.1x11.6x1.6x
Tue, 09 Aug 2022AU$139.2bAU$69.6bAU$4.6b11.6x30.1x2x
Thu, 07 Jul 2022AU$131.9bAU$69.9bAU$4.7b11.2x28.2x1.9x
Sat, 04 Jun 2022AU$146.7bAU$68.7bAU$4.4b14.9x33.2x2.1x
Mon, 02 May 2022AU$116.9bAU$69.2bAU$4.6b12x25.7x1.7x
Wed, 30 Mar 2022AU$115.3bAU$68.3bAU$4.5b13.3x25.9x1.7x
Fri, 25 Feb 2022AU$106.2bAU$66.8bAU$3.0b16.8x35.1x1.6x
Sun, 23 Jan 2022AU$104.0bAU$53.0b-AU$464,793,798.0026.1x-223.7x2x
Tue, 21 Dec 2021AU$94.4bAU$53.1b-AU$457,518,534.0027.9x-206.2x1.8x
Thu, 18 Nov 2021AU$93.0bAU$52.8b-AU$476,932,631.0028.8x-195x1.8x
Sat, 16 Oct 2021AU$101.6bAU$52.6b-AU$487,800,258.0029.3x-208.3x1.9x
Mon, 13 Sep 2021AU$84.5bAU$51.7b-AU$265,792,750.0524.2x-318x1.6x
Wed, 11 Aug 2021AU$80.0bAU$51.8b-AU$287,976,342.4528x-277.9x1.5x
Sun, 06 Jun 2021AU$77.3bAU$49.9b-AU$3,919,852,116.2916.8x-19.7x1.6x
Wed, 10 Mar 2021AU$80.6bAU$48.1b-AU$7,584,254,093.2828.1x-10.6x1.7x
Price to Earnings Ratio

-10.6x


Total Market Cap: AU$80.6bTotal Earnings: -AU$7,584,254,093.28Total Revenue: AU$48.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Oil and Gas Industry Price to Earnings3Y Average -41.2x202220232024
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 7.6x which is higher than its 3-year average PE of -41.2x.
  • The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.1x.
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 38% 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 Market0.81%
Energy-2.43%
Oil and Gas-2.45%
Oil and Gas Refining and Marketing1.80%
Integrated Oil and Gas0%
Oil and Gas Exploration and Production-2.36%
Coal and Fuels-4.85%
Oil and Gas Storage and Transportation-7.32%
Industry PE
  • Investors are most optimistic about the Oil and Gas Refining and Marketing industry even though it's trading below its 3-year average PE ratio of 111x.
    • Analysts are expecting annual earnings growth of 24.2%, which is higher than its past year's earnings decline of 24.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings decline of 25% per year.
  • In contrast, the Oil and Gas Exploration and Production industry is expected to see its earnings decline by 12% 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
ALD AmpolAU$37.802.4%
+AU$212.1m
19.3%PE16.4x
YAL Yancoal AustraliaAU$5.812.7%
+AU$198.1m
2.1%PE2.7x
ERA Energy Resources of AustraliaAU$0.0595.4%
+AU$66.4m
-74.3%PS62.1x
STO SantosAU$7.400.3%
+AU$64.8m
8.7%PE9x
VEA Viva Energy GroupAU$3.660.8%
+AU$46.2m
24.5%PS0.2x
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Latest News

STX

AU$0.24

Strike Energy

7D

-25.0%

1Y

-25.0%

NHC

AU$4.47

New Hope

7D

-12.9%

1Y

-14.0%

ALD

AU$37.64

Ampol

7D

2.6%

1Y

16.7%

WDS

AU$30.25

Woodside Energy Group

7D

-3.0%

1Y

-12.5%

VEA

AU$3.51

Viva Energy Group

7D

-3.3%

1Y

19.4%

YAL

AU$5.80

Yancoal Australia

7D

2.8%

1Y

-0.7%

STO

AU$7.34

Santos

7D

-0.7%

1Y

4.6%

KAR

AU$1.91

Karoon Energy

7D

1.3%

1Y

-12.2%

TBN

AU$0.20

Tamboran Resources

7D

14.7%

1Y

-9.3%

BOE

AU$4.78

Boss Energy

7D

-10.7%

1Y

104.3%

COE

AU$0.14

Cooper Energy

7D

7.4%

1Y

-9.4%

GHY

AU$1.12

Gold Hydrogen

7D

27.3%

1Y

133.3%