Woodside Energy Group Ltd's (ASX:WDS) Earnings Are Not Doing Enough For Some Investors
Nov 21
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Australian (ASX) Oil and Gas Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies102
- 7D-2.5%
- 3M-6.5%
- 1Y-27.4%
- YTD-28.7%
Over the last 7 days, the Oil and Gas industry has dropped 2.8%, driven by a pullback from Woodside Energy Group of 1.4%. Meanwhile, 88 Energy actually outperformed within the industry, gaining 100% in the last week. The industry has fallen 27% in the last year. Looking forward, earnings are forecast to grow by 7.0% annually.
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 |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | AU$108.9b | AU$112.1b | AU$6.5b | 11.3x | 16.8x | 1x |
| Mon, 18 Nov 2024 | AU$110.7b | AU$111.0b | AU$6.3b | 11.1x | 17.7x | 1x |
| Wed, 16 Oct 2024 | AU$118.5b | AU$109.9b | AU$6.1b | 12.2x | 19.5x | 1.1x |
| Fri, 13 Sep 2024 | AU$110.8b | AU$110.3b | AU$6.2b | 9.8x | 17.8x | 1x |
| Sun, 11 Aug 2024 | AU$122.7b | AU$112.9b | AU$7.5b | 7.4x | 16.4x | 1.1x |
| Tue, 09 Jul 2024 | AU$134.6b | AU$112.2b | AU$7.4b | 6.7x | 18.3x | 1.2x |
| Thu, 06 Jun 2024 | AU$130.7b | AU$112.5b | AU$7.4b | 9.4x | 17.6x | 1.2x |
| Sat, 04 May 2024 | AU$130.8b | AU$112.8b | AU$7.5b | 6.9x | 17.5x | 1.2x |
| Mon, 01 Apr 2024 | AU$137.0b | AU$113.2b | AU$7.5b | 7x | 18.2x | 1.2x |
| Wed, 28 Feb 2024 | AU$131.6b | AU$113.7b | AU$8.8b | 7x | 14.9x | 1.2x |
| Fri, 26 Jan 2024 | AU$139.7b | AU$128.7b | AU$19.3b | 6x | 7.2x | 1.1x |
| Sun, 24 Dec 2023 | AU$135.1b | AU$127.5b | AU$18.9b | 5.6x | 7.1x | 1.1x |
| Tue, 21 Nov 2023 | AU$131.8b | AU$128.9b | AU$19.4b | 4.8x | 6.8x | 1x |
| Thu, 19 Oct 2023 | AU$145.9b | AU$130.1b | AU$19.7b | 6x | 7.4x | 1.1x |
| Sat, 16 Sep 2023 | AU$146.0b | AU$130.0b | AU$19.9b | 4.6x | 7.4x | 1.1x |
| Mon, 14 Aug 2023 | AU$146.2b | AU$128.4b | AU$23.4b | 6.3x | 6.3x | 1.1x |
| Wed, 12 Jul 2023 | AU$133.6b | AU$127.4b | AU$23.0b | 6.1x | 5.8x | 1x |
| Fri, 09 Jun 2023 | AU$135.0b | AU$127.3b | AU$23.0b | 6.5x | 5.9x | 1.1x |
| Sun, 07 May 2023 | AU$142.9b | AU$128.9b | AU$24.0b | 6.5x | 6x | 1.1x |
| Tue, 04 Apr 2023 | AU$149.9b | AU$133.1b | AU$25.0b | 6.7x | 6x | 1.1x |
| Thu, 02 Mar 2023 | AU$155.7b | AU$132.9b | AU$23.5b | 6.9x | 6.6x | 1.2x |
| Sat, 28 Jan 2023 | AU$158.8b | AU$98.0b | AU$13.7b | 7.3x | 11.6x | 1.6x |
| Mon, 26 Dec 2022 | AU$157.2b | AU$99.5b | AU$14.1b | 7.2x | 11.1x | 1.6x |
| Wed, 23 Nov 2022 | AU$159.7b | AU$100.1b | AU$14.2b | 6.8x | 11.2x | 1.6x |
| Fri, 21 Oct 2022 | AU$154.8b | AU$101.5b | AU$14.6b | 7x | 10.6x | 1.5x |
| Sun, 18 Sep 2022 | AU$150.1b | AU$98.1b | AU$13.3b | 8x | 11.3x | 1.5x |
| Tue, 16 Aug 2022 | AU$142.6b | AU$70.5b | AU$4.8b | 9.3x | 29.5x | 2x |
| Thu, 14 Jul 2022 | AU$160.5b | AU$69.9b | AU$4.7b | 10.8x | 34.4x | 2.3x |
| Sat, 11 Jun 2022 | AU$152.5b | AU$69.0b | AU$4.5b | 13.2x | 34x | 2.2x |
| Mon, 09 May 2022 | AU$116.6b | AU$69.2b | AU$4.5b | 12.2x | 25.7x | 1.7x |
| Wed, 06 Apr 2022 | AU$116.9b | AU$68.2b | AU$4.3b | 12.9x | 26.9x | 1.7x |
| Fri, 04 Mar 2022 | AU$119.0b | AU$68.9b | AU$4.9b | 15.6x | 24.2x | 1.7x |
| Sun, 30 Jan 2022 | AU$101.8b | AU$53.3b | -AU$446,766,350.00 | 24.2x | -227.9x | 1.9x |
| Tue, 28 Dec 2021 | AU$97.6b | AU$53.0b | -AU$464,678,780.00 | 29.7x | -210x | 1.8x |
Price to Earnings Ratio
-210x
Current Industry PE
- Investors are optimistic on the Australian Oil and Gas industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 16.8x which is higher than its 3-year average PE of 2.7x.
- The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 0.97x.
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 | -2.74% | |
| Energy | -2.54% | |
| Oil and Gas | -2.54% | |
| Integrated Oil and Gas | 0% | |
| Oil and Gas Storage and Transportation | 0% | |
| Oil and Gas Refining and Marketing | -1.22% | |
| Oil and Gas Exploration and Production | -1.58% | |
| Coal and Fuels | -5.83% | |
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 9.9%, 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 15% 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 | |
|---|---|---|---|---|---|
| 88E 88 Energy | AU$0.002 | 100.0% +AU$28.9m | -60.0% | PB0.4x | |
| BKY Berkeley Energia | AU$0.35 | 9.4% +AU$13.4m | -7.9% | PB1.8x | |
| PEN Peninsula Energy | AU$1.26 | 6.8% +AU$12.7m | -42.7% | PS10.5x | |
| EEG Empire Energy Group | AU$0.21 | 5.0% +AU$10.2m | 2.4% | PS35.1x | |
| ROG Red Sky Energy | AU$0.011 | 10.0% +AU$5.4m | 120.0% | PS27.6x |
