Is Empire Energy Group (ASX:EEG) A Risky Investment?
Jun 01
Australian (ASX) Oil and Gas Exploration and Production Industry Analysis
UpdatedMay 31, 2023
DataAggregated Company Financials
Companies79
- 7D1.0%
- 3M-2.1%
- 1Y6.5%
- YTD0.3%
Over the last 7 days, the Oil and Gas Exploration and Production industry has remained flat, although notably Empire Energy Group gained 15%. As for the the longer term, the industry is up 6.5% over the past 12 months. In the next few years, earnings are forecast to decline by 11% annually.
Industry Valuation and Performance
Has the Australian Oil and Gas Exploration and Production Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 01 Jun 2023 | AU$101.9b | AU$41.2b | AU$13.6b | 6.7x | 7.5x | 2.5x |
| Sat, 29 Apr 2023 | AU$98.5b | AU$41.0b | AU$13.5b | 6.9x | 7.3x | 2.4x |
| Mon, 27 Mar 2023 | AU$95.0b | AU$40.6b | AU$13.3b | 7.1x | 7.2x | 2.3x |
| Wed, 22 Feb 2023 | AU$98.2b | AU$27.5b | AU$7.0b | 14.3x | 14x | 3.6x |
| Fri, 20 Jan 2023 | AU$105.1b | AU$27.5b | AU$7.0b | 16x | 14.9x | 3.8x |
| Sun, 18 Dec 2022 | AU$102.6b | AU$28.2b | AU$7.2b | 13.7x | 14.2x | 3.6x |
| Tue, 15 Nov 2022 | AU$110.3b | AU$28.2b | AU$7.2b | 14.2x | 15.2x | 3.9x |
| Thu, 13 Oct 2022 | AU$98.0b | AU$29.8b | AU$7.7b | 14.1x | 12.7x | 3.3x |
| Sat, 10 Sep 2022 | AU$98.1b | AU$27.9b | AU$7.3b | 7.5x | 13.5x | 3.5x |
| Mon, 08 Aug 2022 | AU$92.5b | AU$19.7b | AU$3.9b | 9.4x | 23.8x | 4.7x |
| Wed, 06 Jul 2022 | AU$96.9b | AU$19.8b | AU$3.9b | 10x | 24.8x | 4.9x |
| Fri, 03 Jun 2022 | AU$95.5b | AU$19.0b | AU$3.7b | 10.5x | 25.6x | 5x |
| Sun, 01 May 2022 | AU$69.4b | AU$19.4b | AU$3.8b | 10.7x | 18.1x | 3.6x |
| Tue, 29 Mar 2022 | AU$71.9b | AU$18.4b | AU$3.7b | 12.4x | 19.3x | 3.9x |
| Thu, 24 Feb 2022 | AU$71.9b | AU$20.4b | AU$3.9b | 18.2x | 18.3x | 3.5x |
| Sat, 22 Jan 2022 | AU$67.8b | AU$14.9b | AU$1.2b | 24.5x | 56.8x | 4.6x |
| Mon, 20 Dec 2021 | AU$61.3b | AU$15.1b | AU$1.2b | 25.3x | 50.6x | 4.1x |
| Wed, 17 Nov 2021 | AU$55.2b | AU$14.7b | AU$1.2b | 25.3x | 46.5x | 3.7x |
| Fri, 15 Oct 2021 | AU$59.9b | AU$14.7b | AU$1.2b | 26.5x | 50.6x | 4.1x |
| Sun, 12 Sep 2021 | AU$47.9b | AU$14.2b | AU$1.0b | 23.3x | 46.4x | 3.4x |
| Tue, 10 Aug 2021 | AU$50.5b | AU$14.2b | AU$1.0b | 24.5x | 49.9x | 3.6x |
| Mon, 03 May 2021 | AU$52.1b | AU$13.3b | -AU$2,717,573,416.29 | 16.4x | -19.2x | 3.9x |
| Thu, 04 Feb 2021 | AU$52.9b | AU$12.5b | -AU$6,478,108,143.63 | 10x | -8.2x | 4.2x |
| Sun, 08 Nov 2020 | AU$38.1b | AU$14.5b | -AU$6,549,647,955.50 | 16.5x | -5.8x | 2.6x |
| Sat, 01 Aug 2020 | AU$42.4b | AU$16.2b | -AU$6,254,419,565.34 | 13.8x | -6.8x | 2.6x |
Price to Earnings Ratio
-20.5x
Current Industry PE
- Investors are pessimistic on the Australian Oil and Gas Exploration and Production 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 7.5x which is lower than its 3-year average PE of 14.4x.
- The 3-year average PS ratio of 3.6x is higher than the industry's current PS ratio of 2.5x.
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 30% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does Australian Oil and Gas Exploration and Production compare with similar industries?
| AU Market | -0.81% | |
| Energy | -0.83% | |
| Oil and Gas | -0.84% | |
| Oil and Gas Exploration and Production | 0.99% | |
| Oil and Gas Refining and Marketing | 1.78% | |
| Integrated Oil and Gas | 0% | |
| Coal and Fuels | -7.00% | |
| Oil and Gas Storage and Transportation | -13.21% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| EEG Empire Energy Group | AU$0.20 | 14.7% +AU$19.3m | -25.0% | PS11x | |
| IVZ Invictus Energy | AU$0.14 | 16.0% +AU$19.2m | -29.3% | PS98622.3x | |
| MAY Melbana Energy | AU$0.079 | 5.3% +AU$13.5m | -4.8% | PB4.9x | |
| 88E 88 Energy | AU$0.0075 | 7.1% +AU$10.1m | -37.5% | PS60323.6x | |
| TMK TMK Energy | AU$0.016 | 14.3% +AU$10.1m | 45.5% | PB21.7x |
