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Canadian (TSX) Energy Sector Analysis

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies219
  • 7D1.5%
  • 3M8.5%
  • 1Y18.0%
  • YTD8.3%

The Energy industry has gained 1.5% in the last week and Cenovus Energy up 6.9%. This means that the industry has gained 18% over the past year. Earnings are forecast to grow by 4.5% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024CA$644.5bCA$390.9bCA$49.7b8.7x13x1.6x
Thu, 15 Feb 2024CA$599.8bCA$409.3bCA$51.2b6.7x11.7x1.5x
Sat, 13 Jan 2024CA$624.9bCA$414.3bCA$48.9b7x12.8x1.5x
Mon, 11 Dec 2023CA$612.2bCA$414.6bCA$49.0b6.5x12.5x1.5x
Wed, 08 Nov 2023CA$642.8bCA$420.5bCA$50.1b6.5x12.8x1.5x
Fri, 06 Oct 2023CA$602.0bCA$428.6bCA$56.8b6.3x10.6x1.4x
Sun, 03 Sep 2023CA$635.5bCA$428.4bCA$56.8b7x11.2x1.5x
Tue, 01 Aug 2023CA$599.2bCA$446.7bCA$62.2b6x9.6x1.3x
Thu, 29 Jun 2023CA$560.1bCA$463.1bCA$68.6b5.1x8.2x1.2x
Sat, 27 May 2023CA$563.7bCA$463.9bCA$69.0b4.8x8.2x1.2x
Mon, 24 Apr 2023CA$594.4bCA$474.3bCA$70.7b5.3x8.4x1.3x
Wed, 22 Mar 2023CA$566.7bCA$473.9bCA$70.5b5.6x8x1.2x
Fri, 17 Feb 2023CA$611.4bCA$465.5bCA$71.6b5.5x8.5x1.3x
Sun, 15 Jan 2023CA$617.5bCA$459.2bCA$75.0b6x8.2x1.3x
Tue, 13 Dec 2022CA$602.8bCA$459.6bCA$75.1b5.6x8x1.3x
Thu, 10 Nov 2022CA$633.7bCA$448.0bCA$73.5b6.7x8.6x1.4x
Sat, 08 Oct 2022CA$613.2bCA$425.9bCA$64.8b6.8x9.5x1.4x
Mon, 05 Sep 2022CA$617.0bCA$424.7bCA$64.6b7x9.6x1.5x
Wed, 03 Aug 2022CA$618.6bCA$397.2bCA$54.9b8.3x11.3x1.6x
Fri, 01 Jul 2022CA$601.7bCA$369.1bCA$52.4b8.3x11.5x1.6x
Sun, 29 May 2022CA$696.8bCA$368.9bCA$52.3b10.4x13.3x1.9x
Tue, 26 Apr 2022CA$635.6bCA$326.6bCA$42.0b9.3x15.1x1.9x
Thu, 24 Mar 2022CA$622.0bCA$326.3bCA$41.7b9.2x14.9x1.9x
Sat, 19 Feb 2022CA$558.9bCA$309.2bCA$33.2b9.2x16.8x1.8x
Mon, 17 Jan 2022CA$543.5bCA$281.8bCA$28.9b9.1x18.8x1.9x
Wed, 15 Dec 2021CA$471.5bCA$282.2bCA$28.9b8.6x16.3x1.7x
Fri, 12 Nov 2021CA$518.6bCA$283.9bCA$29.3b10.4x17.7x1.8x
Sun, 10 Oct 2021CA$494.3bCA$247.8bCA$18.7b11.3x26.5x2x
Tue, 07 Sep 2021CA$441.7bCA$247.8bCA$18.7b9.7x23.7x1.8x
Thu, 05 Aug 2021CA$418.8bCA$245.1bCA$18.3b9.1x22.9x1.7x
Sun, 09 May 2021CA$402.5bCA$207.7bCA$1.4b10.1x287.4x1.9x
Price to Earnings Ratio

275.1x


Total Market Cap: CA$386.1bTotal Earnings: CA$1.4bTotal Revenue: CA$207.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Energy Sector Price to Earnings3Y Average 40.1x202220232024
Current Industry PE
  • Investors are pessimistic on the Canadian Energy 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 13.0x which is lower than its 3-year average PE of 40.1x.
  • The 3-year average PS ratio of 2.0x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have grown 228% per year over the last three years.
  • Revenues for these companies have grown 23% 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 Market0.35%
Energy1.51%
Oil and Gas1.56%
Energy Services-0.70%
Industry PE
  • Investors are most optimistic about the Oil and Gas industry even though it's trading below its 3-year average PE ratio of 31.2x.
    • Analysts are expecting annual earnings growth of 4.4%, which is higher than its past year's earnings decline of 36.5% 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 11% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 4.4% 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
CVE Cenovus EnergyCA$25.666.9%
+CA$3.0b
15.8%PE11.8x
SU Suncor EnergyCA$49.164.9%
+CA$2.9b
21.1%PE7.6x
CNQ Canadian Natural ResourcesCA$99.362.2%
+CA$2.5b
41.1%PE13x
IMO Imperial OilCA$91.563.6%
+CA$1.7b
44.0%PE10x
CCO CamecoCA$56.783.3%
+CA$781.5m
67.0%PE68.3x
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Latest News

CNQ

CA$99.36

Canadian Natural Resources

7D

2.2%

1Y

41.1%

STEP

CA$3.51

STEP Energy Services

7D

-18.6%

1Y

14.0%

SGQ

CA$0.70

SouthGobi Resources

7D

-22.2%

1Y

418.5%

NOA

CA$31.16

North American Construction Group

7D

-8.7%

1Y

41.3%

MEG

CA$30.35

MEG Energy

7D

5.0%

1Y

54.5%

CVE

CA$25.66

Cenovus Energy

7D

6.9%

1Y

15.8%

KEY

CA$33.61

Keyera

7D

-1.2%

1Y

16.9%

ENB

CA$48.09

Enbridge

7D

-1.0%

1Y

-5.2%

PPL

CA$47.28

Pembina Pipeline

7D

-1.8%

1Y

11.8%

ARX

CA$23.67

ARC Resources

7D

3.5%

1Y

54.0%

SCR

CA$27.49

Strathcona Resources

7D

9.9%

1Y

n/a

CCO

CA$56.78

Cameco

7D

3.3%

1Y

67.0%

PIPE

CA$1.94

Pipestone Energy

7D

-13.4%

1Y

-55.7%