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Canadian (TSX) Energy Sector Analysis

UpdatedJan 18, 2025
DataAggregated Company Financials
Companies216
  • 7D-0.1%
  • 3M0.8%
  • 1Y20.7%
  • YTD1.9%

The Energy industry has been flat over the last week, but Canadian Natural Resources has lost 4.8%. The past year has been better, since the industry has gained 21% in that time. As for the next few years, earnings are expected to grow by 5.1% per annum.

Sector Valuation and Performance

Has the Canadian Energy Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 18 Jan 2025CA$704.1bCA$408.2bCA$46.2b11x15.2x1.7x
Mon, 16 Dec 2024CA$691.2bCA$408.1bCA$46.2b10.5x15x1.7x
Wed, 13 Nov 2024CA$706.2bCA$407.1bCA$46.3b10.4x15.2x1.7x
Fri, 11 Oct 2024CA$700.3bCA$405.7bCA$44.9b10.5x15.6x1.7x
Sun, 08 Sep 2024CA$646.8bCA$405.9bCA$45.0b10.3x14.4x1.6x
Tue, 06 Aug 2024CA$650.1bCA$404.6bCA$46.2b10.2x14.1x1.6x
Thu, 04 Jul 2024CA$666.5bCA$394.4bCA$45.2b11x14.8x1.7x
Sat, 01 Jun 2024CA$682.8bCA$394.4bCA$45.2b11.4x15.1x1.7x
Mon, 29 Apr 2024CA$689.1bCA$396.6bCA$50.0b9.4x13.8x1.7x
Wed, 27 Mar 2024CA$661.4bCA$391.2bCA$49.4b8.9x13.4x1.7x
Fri, 23 Feb 2024CA$629.8bCA$411.3bCA$53.8b7.5x11.7x1.5x
Sun, 21 Jan 2024CA$607.3bCA$414.3bCA$48.9b6.7x12.4x1.5x
Tue, 19 Dec 2023CA$601.8bCA$414.3bCA$48.9b6.7x12.3x1.5x
Thu, 16 Nov 2023CA$635.2bCA$415.1bCA$49.3b7x12.9x1.5x
Sat, 14 Oct 2023CA$643.5bCA$428.5bCA$56.8b6.5x11.3x1.5x
Mon, 11 Sep 2023CA$635.9bCA$428.5bCA$56.8b6.7x11.2x1.5x
Wed, 09 Aug 2023CA$607.9bCA$433.3bCA$59.3b6.6x10.3x1.4x
Fri, 07 Jul 2023CA$560.3bCA$463.3bCA$68.7b5.5x8.2x1.2x
Sun, 04 Jun 2023CA$573.1bCA$463.4bCA$68.7b5x8.3x1.2x
Tue, 02 May 2023CA$593.3bCA$470.9bCA$70.5b5.5x8.4x1.3x
Thu, 30 Mar 2023CA$573.1bCA$474.2bCA$70.8b5.4x8.1x1.2x
Sat, 25 Feb 2023CA$600.6bCA$466.7bCA$73.5b5.5x8.2x1.3x
Mon, 23 Jan 2023CA$628.2bCA$459.2bCA$75.0b6x8.4x1.4x
Wed, 21 Dec 2022CA$588.1bCA$459.6bCA$75.1b5.6x7.8x1.3x
Fri, 18 Nov 2022CA$647.0bCA$459.0bCA$74.7b6.3x8.7x1.4x
Sun, 16 Oct 2022CA$590.1bCA$426.2bCA$64.9b6.7x9.1x1.4x
Tue, 13 Sep 2022CA$622.9bCA$424.5bCA$64.5b7x9.7x1.5x
Thu, 11 Aug 2022CA$594.4bCA$421.0bCA$63.9b6.7x9.3x1.4x
Sat, 09 Jul 2022CA$586.6bCA$369.2bCA$52.3b8.4x11.2x1.6x
Mon, 06 Jun 2022CA$705.6bCA$368.6bCA$52.3b10.5x13.5x1.9x
Wed, 04 May 2022CA$658.3bCA$343.3bCA$46.8b9.9x14.1x1.9x
Fri, 01 Apr 2022CA$627.6bCA$326.3bCA$41.8b9.8x15x1.9x
Sun, 27 Feb 2022CA$572.4bCA$311.0bCA$38.3b9.6x14.9x1.8x
Tue, 25 Jan 2022CA$526.8bCA$282.2bCA$28.9b8.8x18.2x1.9x
Price to Earnings Ratio

18.2x


Total Market Cap: CA$526.8bTotal Earnings: CA$28.9bTotal Revenue: CA$282.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Energy Sector Price to Earnings3Y Average 15.8x202320242025
Current Industry PE
  • Investors are relatively neutral on the Canadian Energy 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 15.8x.
  • The 3-year average PS ratio of 2.0x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have grown 17% per year over the last three years.
  • Revenues for these companies have grown 13% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Canadian Energy sector?

CA Market1.19%
Energy-0.15%
Energy Services1.86%
Oil and Gas-0.19%
Industry PE
  • Investors are most optimistic about the Oil and Gas industry, which is trading close to its 3-year average PE ratio of 15.8x.
    • Analysts are expecting annual earnings growth of 4.6%, which is higher than its past year's earnings decline of 20.2% per year.
  • Investors are most pessimistic about the Energy Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 0.88x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings decline of 12% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 4.6% 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
ENB EnbridgeCA$64.382.6%
+CA$3.6b		33.2%PE22.3x
CCO CamecoCA$74.675.1%
+CA$1.6b		18.4%PE279x
TRP TC EnergyCA$68.561.9%
+CA$1.3b		31.6%PE14x
IMO Imperial OilCA$98.862.5%
+CA$1.3b		32.0%PE10.4x
PPL Pembina PipelineCA$54.213.6%
+CA$1.1b		19.5%PE17x
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Latest News

CCO

CA$74.67

Cameco

7D

5.1%

1Y

18.4%

EFX

CA$15.09

Enerflex

7D

6.9%

1Y

123.2%

KEY

CA$41.95

Keyera

7D

-6.1%

1Y

30.0%

Is There An Opportunity With Keyera Corp.'s (TSE:KEY) 35% Undervaluation?

Jan 17
Is There An Opportunity With Keyera Corp.'s (TSE:KEY) 35% Undervaluation?

SCR

CA$29.40

Strathcona Resources

7D

-5.4%

1Y

20.7%

Strathcona Resources (TSE:SCR) Has A Pretty Healthy Balance Sheet

Jan 16
Strathcona Resources (TSE:SCR) Has A Pretty Healthy Balance Sheet

ENB

CA$64.38

Enbridge

7D

2.6%

1Y

33.2%

Enbridge's (TSE:ENB) Upcoming Dividend Will Be Larger Than Last Year's

Jan 15
Enbridge's (TSE:ENB) Upcoming Dividend Will Be Larger Than Last Year's

IMO

CA$98.86

Imperial Oil

7D

2.5%

1Y

32.0%

Imperial Oil (TSE:IMO) Seems To Use Debt Quite Sensibly

Jan 15
Imperial Oil (TSE:IMO) Seems To Use Debt Quite Sensibly

CNQ

CA$45.01

Canadian Natural Resources

7D

-4.8%

1Y

6.5%

PPL

CA$54.21

Pembina Pipeline

7D

3.6%

1Y

19.5%

MEG

CA$23.60

MEG Energy

7D

-6.0%

1Y

0.8%

Market Still Lacking Some Conviction On MEG Energy Corp. (TSE:MEG)

Jan 08
Market Still Lacking Some Conviction On MEG Energy Corp. (TSE:MEG)

PKI

CA$35.16

Parkland

7D

6.6%

1Y

-22.1%

Parkland (TSE:PKI) May Have Issues Allocating Its Capital

Jan 06
Parkland (TSE:PKI) May Have Issues Allocating Its Capital

CVE

CA$21.77

Cenovus Energy

7D

-2.1%

1Y

8.5%

TVK

CA$123.18

TerraVest Industries

7D

7.3%

1Y

176.5%

TRP

CA$68.56

TC Energy

7D

1.9%

1Y

31.6%

ARX

CA$26.52

ARC Resources

7D

-3.0%

1Y

29.3%

ARC Resources' (TSE:ARX) Upcoming Dividend Will Be Larger Than Last Year's

Dec 20
ARC Resources' (TSE:ARX) Upcoming Dividend Will Be Larger Than Last Year's

TOU

CA$67.13

Tourmaline Oil

7D

-2.1%

1Y

17.1%

Market Participants Recognise Tourmaline Oil Corp.'s (TSE:TOU) Earnings

Dec 19
Market Participants Recognise Tourmaline Oil Corp.'s (TSE:TOU) Earnings

SU

CA$56.43

Suncor Energy

7D

-0.7%

1Y

33.4%