Does Byron Energy (ASX:BYE) Have A Healthy Balance Sheet?
Apr 23
Australian (ASX) Oil and Gas Exploration and Production Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies69
- 7D-1.9%
- 3M-5.4%
- 1Y-8.9%
- YTDn/a
Over the last 7 days, the Oil and Gas Exploration and Production industry has dropped 2.3%, driven by a pullback from Woodside Energy Group of 3.0%. However, the industry is down 9.5% over the past year. As for the next few years, earnings are expected to grow by 9.6% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | AU$89.6b | AU$34.4b | AU$4.6b | 7.1x | 19.4x | 2.6x |
| Sun, 24 Mar 2024 | AU$91.3b | AU$34.5b | AU$4.6b | 6.3x | 20x | 2.6x |
| Tue, 20 Feb 2024 | AU$92.4b | AU$42.5b | AU$12.6b | 6.5x | 7.3x | 2.2x |
| Thu, 18 Jan 2024 | AU$94.7b | AU$42.2b | AU$13.1b | 7.3x | 7.3x | 2.2x |
| Sat, 16 Dec 2023 | AU$94.6b | AU$41.3b | AU$12.7b | 7.3x | 7.4x | 2.3x |
| Mon, 13 Nov 2023 | AU$95.1b | AU$43.5b | AU$13.5b | 7.2x | 7.1x | 2.2x |
| Wed, 11 Oct 2023 | AU$104.1b | AU$43.2b | AU$13.4b | 7.5x | 7.8x | 2.4x |
| Fri, 08 Sep 2023 | AU$108.7b | AU$43.4b | AU$13.4b | 7x | 8.1x | 2.5x |
| Sun, 06 Aug 2023 | AU$109.2b | AU$41.1b | AU$13.5b | 7.4x | 8.1x | 2.7x |
| Tue, 04 Jul 2023 | AU$101.1b | AU$40.6b | AU$13.3b | 6.8x | 7.6x | 2.5x |
| Thu, 01 Jun 2023 | AU$99.7b | AU$41.6b | AU$13.7b | 6.5x | 7.3x | 2.4x |
| 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 |
Price to Earnings Ratio
-19.2x
Current Industry PE
- Investors are relatively neutral on the Australian Oil and Gas Exploration and Production industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 19.4x.
- The 3-year average PS ratio of 3.4x is higher than the industry's current PS ratio of 2.6x.
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 37% 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 | 0.42% | |
| Energy | -2.35% | |
| Oil and Gas | -2.37% | |
| Oil and Gas Exploration and Production | -1.87% | |
| Oil and Gas Storage and Transportation | 2.17% | |
| Integrated Oil and Gas | 0% | |
| Oil and Gas Refining and Marketing | -1.24% | |
| Coal and Fuels | -4.48% | |
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 | |
|---|---|---|---|---|---|
| EXR Elixir Energy | AU$0.14 | 11.5% +AU$17.0m | 3.6% | PS98.2x | |
| HZN Horizon Oil | AU$0.18 | 5.7% +AU$16.2m | 15.6% | PE4.5x | |
| GLL Galilee Energy | AU$0.047 | 67.9% +AU$6.5m | -68.7% | PB6.5x | |
| CTP Central Petroleum | AU$0.065 | 12.1% +AU$5.2m | -5.8% | PE2.8x | |
| CUE Cue Energy Resources | AU$0.11 | 4.8% +AU$3.5m | 77.4% | PE4.4x |
