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Canadian (TSX) Energy Sector Analysis

UpdatedNov 18, 2024
DataAggregated Company Financials
Companies216
  • 7D0.9%
  • 3M3.3%
  • 1Y15.2%
  • YTD19.2%

The Energy is pretty flat in the last 7 days, but Suncor Energy has stood out, gaining 5.4%. As for the the longer term, the industry is up 15% over the past 12 months. Earnings are forecast to grow by 5.0% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Nov 2024CA$710.4bCA$407.8bCA$46.7b10.6x15.2x1.7x
Thu, 17 Oct 2024CA$696.4bCA$405.7bCA$44.9b10.3x15.5x1.7x
Sat, 14 Sep 2024CA$644.0bCA$405.9bCA$45.0b10.2x14.3x1.6x
Mon, 12 Aug 2024CA$664.9bCA$405.5bCA$45.4b9.9x14.7x1.6x
Wed, 10 Jul 2024CA$657.3bCA$394.4bCA$45.2b10.7x14.6x1.7x
Fri, 07 Jun 2024CA$664.5bCA$394.4bCA$45.2b10.5x14.7x1.7x
Sun, 05 May 2024CA$674.2bCA$397.3bCA$48.7b9.2x13.9x1.7x
Tue, 02 Apr 2024CA$665.0bCA$395.4bCA$49.9b9.3x13.3x1.7x
Thu, 29 Feb 2024CA$617.6bCA$395.0bCA$50.9b7.5x12.1x1.6x
Sat, 27 Jan 2024CA$619.1bCA$414.4bCA$48.9b6.8x12.7x1.5x
Mon, 25 Dec 2023CA$613.4bCA$414.0bCA$48.9b6.6x12.6x1.5x
Wed, 22 Nov 2023CA$637.0bCA$414.9bCA$49.1b6.8x13x1.5x
Fri, 20 Oct 2023CA$648.7bCA$428.6bCA$56.8b6.8x11.4x1.5x
Sun, 17 Sep 2023CA$646.9bCA$428.3bCA$56.7b6.7x11.4x1.5x
Tue, 15 Aug 2023CA$612.0bCA$432.5bCA$58.6b6.2x10.4x1.4x
Thu, 13 Jul 2023CA$576.2bCA$462.9bCA$68.6b5.7x8.4x1.2x
Sat, 10 Jun 2023CA$577.6bCA$463.3bCA$68.7b5.1x8.4x1.2x
Mon, 08 May 2023CA$575.9bCA$465.9bCA$69.3b5.2x8.3x1.2x
Wed, 05 Apr 2023CA$595.1bCA$474.0bCA$70.7b5.4x8.4x1.3x
Fri, 03 Mar 2023CA$612.6bCA$467.7bCA$73.0b5.5x8.4x1.3x
Sun, 29 Jan 2023CA$634.1bCA$459.0bCA$74.9b6x8.5x1.4x
Tue, 27 Dec 2022CA$608.8bCA$459.6bCA$75.1b6x8.1x1.3x
Thu, 24 Nov 2022CA$652.5bCA$459.0bCA$74.7b6.3x8.7x1.4x
Sat, 22 Oct 2022CA$622.0bCA$425.9bCA$64.8b6.8x9.6x1.5x
Mon, 19 Sep 2022CA$608.5bCA$425.1bCA$64.6b6.7x9.4x1.4x
Wed, 17 Aug 2022CA$601.6bCA$424.1bCA$64.3b6.8x9.4x1.4x
Fri, 15 Jul 2022CA$562.3bCA$369.5bCA$52.3b7.7x10.7x1.5x
Sun, 12 Jun 2022CA$705.8bCA$369.0bCA$52.3b10.8x13.5x1.9x
Tue, 10 May 2022CA$661.5bCA$358.9bCA$49.0b9.1x13.5x1.8x
Thu, 07 Apr 2022CA$628.1bCA$326.1bCA$41.8b9.7x15x1.9x
Sat, 05 Mar 2022CA$609.4bCA$319.8bCA$41.5b8.7x14.7x1.9x
Mon, 31 Jan 2022CA$544.6bCA$282.3bCA$28.9b9.1x18.9x1.9x
Wed, 29 Dec 2021CA$484.1bCA$282.2bCA$28.9b8.6x16.7x1.7x
Fri, 26 Nov 2021CA$515.4bCA$284.6bCA$29.7b10.1x17.4x1.8x
Price to Earnings Ratio

17.4x


Total Market Cap: CA$515.4bTotal Earnings: CA$29.7bTotal Revenue: CA$284.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Energy Sector Price to Earnings3Y Average 15.9x202220232024
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 15.9x.
  • 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 16% 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 Market-0.68%
Energy0.88%
Energy Services1.42%
Oil and Gas0.87%
Industry PE
  • Investors are most optimistic about the Oil and Gas industry, which is trading close to its 3-year average PE ratio of 15.9x.
    • Analysts are expecting annual earnings growth of 4.7%, which is higher than its past year's earnings decline of 31.2% 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.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 22% 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 4.7% 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
SU Suncor EnergyCA$57.205.8%
+CA$3.7b		24.5%PE9x
CCO CamecoCA$78.378.0%
+CA$2.5b		25.9%PE292.8x
IMO Imperial OilCA$105.733.0%
+CA$1.0b		33.4%PE11.1x
TRP TC EnergyCA$69.931.2%
+CA$861.4m		38.6%PE14.3x
SCR Strathcona ResourcesCA$32.3911.8%
+CA$732.7m		36.8%PE8.9x
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Latest News

SU

CA$57.20

Suncor Energy

7D

5.8%

1Y

24.5%

POU

CA$31.01

Paramount Resources

7D

13.6%

1Y

11.7%

SCR

CA$32.39

Strathcona Resources

7D

11.8%

1Y

36.8%

AAV

CA$8.58

Advantage Energy

7D

-6.5%

1Y

-16.2%

PPL

CA$58.60

Pembina Pipeline

7D

1.6%

1Y

31.0%

We Think Pembina Pipeline's (TSE:PPL) Robust Earnings Are Conservative

Nov 15
We Think Pembina Pipeline's (TSE:PPL) Robust Earnings Are Conservative

MATR

CA$13.15

Mattr

7D

-18.3%

1Y

-7.7%

TRP

CA$69.93

TC Energy

7D

1.2%

1Y

38.6%

CCO

CA$78.37

Cameco

7D

8.0%

1Y

25.9%

CEU

CA$8.96

CES Energy Solutions

7D

-2.5%

1Y

146.2%

TOU

CA$63.00

Tourmaline Oil

7D

-1.4%

1Y

-5.8%

Tourmaline Oil's (TSE:TOU) Profits Appear To Have Quality Issues

Nov 13
Tourmaline Oil's (TSE:TOU) Profits Appear To Have Quality Issues

NXE

CA$11.11

NexGen Energy

7D

9.9%

1Y

23.7%

CNQ

CA$47.17

Canadian Natural Resources

7D

-1.1%

1Y

2.9%

Returns On Capital Are Showing Encouraging Signs At Canadian Natural Resources (TSE:CNQ)

Nov 12
Returns On Capital Are Showing Encouraging Signs At Canadian Natural Resources (TSE:CNQ)

IMO

CA$105.73

Imperial Oil

7D

3.0%

1Y

33.4%

SES

CA$16.69

Secure Energy Services

7D

-1.8%

1Y

111.5%

We Think Shareholders Should Be Aware Of Some Factors Beyond Secure Energy Services' (TSE:SES) Profit

Nov 06
We Think Shareholders Should Be Aware Of Some Factors Beyond Secure Energy Services' (TSE:SES) Profit

FCU

CA$0.80

Fission Uranium

7D

-13.0%

1Y

-22.3%

We're Hopeful That Fission Uranium (TSE:FCU) Will Use Its Cash Wisely

Sep 27
We're Hopeful That Fission Uranium (TSE:FCU) Will Use Its Cash Wisely

PIPE

CA$1.94

Pipestone Energy

7D

-13.4%

1Y

-55.7%