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 Exploration and Production Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies68
- 7D-1.6%
- 3M-6.2%
- 1Y-22.4%
- YTDn/a
Over the last 7 days, the Oil and Gas Exploration and Production industry has dropped 2.6%, driven by Woodside Energy Group declining 1.4%. On the other hand 88 Energy is actually up 100%. However, the industry is down 23% over the past year. As for the next few years, earnings are expected to grow by 4.8% 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 |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | AU$73.7b | AU$33.2b | AU$4.7b | 11.3x | 15.7x | 2.2x |
| Mon, 18 Nov 2024 | AU$75.8b | AU$32.1b | AU$4.5b | 11.1x | 16.8x | 2.4x |
| Wed, 16 Oct 2024 | AU$79.0b | AU$31.0b | AU$4.3b | 12.2x | 18.3x | 2.6x |
| Fri, 13 Sep 2024 | AU$76.2b | AU$31.1b | AU$4.3b | 7.8x | 17.8x | 2.4x |
| Sun, 11 Aug 2024 | AU$82.6b | AU$34.1b | AU$4.6b | 7.4x | 18.1x | 2.4x |
| Tue, 09 Jul 2024 | AU$89.8b | AU$33.4b | AU$4.4b | 6.7x | 20.2x | 2.7x |
| Thu, 06 Jun 2024 | AU$85.8b | AU$33.8b | AU$4.5b | 9.4x | 19.1x | 2.5x |
| Sat, 04 May 2024 | AU$86.1b | AU$34.1b | AU$4.5b | 6.9x | 18.9x | 2.5x |
| Mon, 01 Apr 2024 | AU$94.1b | AU$34.4b | AU$4.6b | 7x | 20.4x | 2.7x |
| Wed, 28 Feb 2024 | AU$90.2b | AU$33.9b | AU$4.4b | 7x | 20.3x | 2.7x |
| Fri, 26 Jan 2024 | AU$95.7b | AU$42.0b | AU$13.0b | 7.6x | 7.4x | 2.3x |
| Sun, 24 Dec 2023 | AU$95.4b | AU$40.8b | AU$12.6b | 6.4x | 7.6x | 2.3x |
| Tue, 21 Nov 2023 | AU$94.0b | AU$42.2b | AU$13.1b | 5.8x | 7.2x | 2.2x |
| Thu, 19 Oct 2023 | AU$106.8b | AU$43.4b | AU$13.4b | 7.9x | 8x | 2.5x |
| Sat, 16 Sep 2023 | AU$108.2b | AU$43.0b | AU$13.3b | 6.3x | 8.1x | 2.5x |
| Mon, 14 Aug 2023 | AU$109.8b | AU$41.5b | AU$13.7b | 7.4x | 8x | 2.6x |
| Wed, 12 Jul 2023 | AU$100.4b | AU$40.5b | AU$13.3b | 6.7x | 7.5x | 2.5x |
| Fri, 09 Jun 2023 | AU$101.0b | AU$40.4b | AU$13.3b | 6.7x | 7.6x | 2.5x |
| Sun, 07 May 2023 | AU$97.3b | AU$40.0b | AU$13.2b | 6.8x | 7.4x | 2.4x |
| Tue, 04 Apr 2023 | AU$99.6b | AU$40.2b | AU$13.2b | 7.4x | 7.5x | 2.5x |
| Thu, 02 Mar 2023 | AU$104.2b | AU$39.8b | AU$13.1b | 7.7x | 7.9x | 2.6x |
| Sat, 28 Jan 2023 | AU$104.6b | AU$26.7b | AU$6.8b | 15.6x | 15.3x | 3.9x |
| Mon, 26 Dec 2022 | AU$102.9b | AU$28.1b | AU$7.2b | 13.8x | 14.3x | 3.7x |
| Wed, 23 Nov 2022 | AU$108.9b | AU$28.6b | AU$7.3b | 14.1x | 14.8x | 3.8x |
| Fri, 21 Oct 2022 | AU$100.7b | AU$29.9b | AU$7.7b | 13.7x | 13x | 3.4x |
| Sun, 18 Sep 2022 | AU$98.2b | AU$28.1b | AU$7.3b | 10.5x | 13.4x | 3.5x |
| Tue, 16 Aug 2022 | AU$95.8b | AU$19.2b | AU$3.8b | 9.3x | 25.4x | 5x |
| Thu, 14 Jul 2022 | AU$117.4b | AU$20.0b | AU$3.9b | 9.4x | 29.8x | 5.9x |
| Sat, 11 Jun 2022 | AU$105.8b | AU$19.2b | AU$3.8b | 11.2x | 28.1x | 5.5x |
| Mon, 09 May 2022 | AU$69.7b | AU$19.3b | AU$3.8b | 10.6x | 18.2x | 3.6x |
| Wed, 06 Apr 2022 | AU$73.0b | AU$18.3b | AU$3.6b | 11.7x | 20.1x | 4x |
| Fri, 04 Mar 2022 | AU$77.6b | AU$20.4b | AU$3.9b | 14x | 20x | 3.8x |
| Sun, 30 Jan 2022 | AU$67.0b | AU$15.2b | AU$1.2b | 23.5x | 54.9x | 4.4x |
| Tue, 28 Dec 2021 | AU$61.1b | AU$14.9b | AU$1.2b | 25.3x | 50.8x | 4.1x |
Price to Earnings Ratio
50.8x
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 16.8x.
- The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas Exploration and Production industry have grown 57% per year over the last three years.
- Revenues for these companies have grown 30% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Australian Oil and Gas Exploration and Production compare with similar industries?
| AU Market | -2.74% | |
| Energy | -2.54% | |
| Oil and Gas | -2.54% | |
| Oil and Gas Exploration and Production | -1.58% | |
| Integrated Oil and Gas | 0% | |
| Oil and Gas Storage and Transportation | 0% | |
| Oil and Gas Refining and Marketing | -1.22% | |
| Coal and Fuels | -5.83% | |
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 | |
|---|---|---|---|---|---|
| 88E 88 Energy | AU$0.002 | 100.0% +AU$28.9m | -60.0% | PB0.4x | |
| 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 | |
| PH2 Pure Hydrogen | AU$0.11 | 4.8% +AU$1.9m | -15.4% | PS30.3x | |
| BAS Bass Oil | AU$0.057 | 11.8% +AU$1.7m | -28.7% | PE70.1x |
