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Canadian (TSX) Oil and Gas Industry Analysis

UpdatedMar 13, 2025
DataAggregated Company Financials
Companies189
  • 7D3.2%
  • 3M-3.8%
  • 1Y3.5%
  • YTD-4.5%

Over the last 7 days, the Oil and Gas industry has risen 3.2%, driven by gains from Canadian Natural Resources of 6.6%. In the same time, Whitecap Resources was down 5.5%. This means that the industry has gained 3.5% over the past year. As for the next few years, earnings are expected to grow by 7.1% per annum.

Industry Valuation and Performance

Has the Canadian Oil and Gas Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Mar 2025CA$642.0bCA$387.5bCA$38.4b11.5x16.7x1.7x
Sat, 08 Feb 2025CA$675.9bCA$388.3bCA$42.8b10.9x15.8x1.7x
Mon, 06 Jan 2025CA$691.1bCA$388.4bCA$45.1b10.9x15.3x1.8x
Wed, 04 Dec 2024CA$703.5bCA$388.2bCA$45.1b11x15.6x1.8x
Fri, 01 Nov 2024CA$681.3bCA$384.5bCA$43.0b11.1x15.8x1.8x
Sun, 29 Sep 2024CA$644.2bCA$386.5bCA$43.7b11.4x14.7x1.7x
Tue, 27 Aug 2024CA$668.0bCA$376.5bCA$43.2b12.7x15.5x1.8x
Thu, 25 Jul 2024CA$651.4bCA$366.3bCA$43.4b11.2x15x1.8x
Sat, 22 Jun 2024CA$634.8bCA$366.0bCA$43.4b11.5x14.6x1.7x
Mon, 20 May 2024CA$675.8bCA$367.7bCA$43.9b12.6x15.4x1.8x
Wed, 17 Apr 2024CA$658.0bCA$368.1bCA$48.4b9.5x13.6x1.8x
Fri, 15 Mar 2024CA$629.1bCA$363.4bCA$48.3b9x13x1.7x
Sun, 11 Feb 2024CA$587.3bCA$382.1bCA$49.8b7.3x11.8x1.5x
Tue, 09 Jan 2024CA$612.2bCA$386.1bCA$47.7b6.6x12.8x1.6x
Thu, 07 Dec 2023CA$596.9bCA$386.5bCA$47.8b6.2x12.5x1.5x
Sat, 04 Nov 2023CA$636.3bCA$394.4bCA$50.2b6.9x12.7x1.6x
Mon, 02 Oct 2023CA$621.5bCA$401.3bCA$55.6b6.5x11.2x1.5x
Wed, 30 Aug 2023CA$607.8bCA$401.2bCA$55.5b6.2x11x1.5x
Fri, 28 Jul 2023CA$578.9bCA$436.3bCA$67.1b5.3x8.6x1.3x
Sun, 25 Jun 2023CA$537.0bCA$437.9bCA$68.2b4.2x7.9x1.2x
Tue, 23 May 2023CA$555.8bCA$437.5bCA$67.9b4.8x8.2x1.3x
Thu, 20 Apr 2023CA$588.4bCA$449.8bCA$70.0b4.2x8.4x1.3x
Sat, 18 Mar 2023CA$532.0bCA$449.7bCA$69.9b4.1x7.6x1.2x
Mon, 13 Feb 2023CA$610.0bCA$439.5bCA$72.7b5.2x8.4x1.4x
Wed, 11 Jan 2023CA$583.9bCA$437.0bCA$74.7b4.9x7.8x1.3x
Fri, 09 Dec 2022CA$590.1bCA$437.3bCA$74.8b4.8x7.9x1.3x
Sun, 06 Nov 2022CA$644.5bCA$419.6bCA$68.7b6.6x9.4x1.5x
Tue, 04 Oct 2022CA$577.5bCA$406.4bCA$65.0b5.8x8.9x1.4x
Thu, 01 Sep 2022CA$608.8bCA$405.3bCA$64.7b6.2x9.4x1.5x
Sat, 30 Jul 2022CA$620.5bCA$377.5bCA$54.3b7.7x11.4x1.6x
Mon, 27 Jun 2022CA$582.2bCA$352.7bCA$52.8b7.8x11x1.7x
Wed, 25 May 2022CA$662.3bCA$352.4bCA$52.7b8.9x12.6x1.9x
Fri, 22 Apr 2022CA$636.5bCA$311.8bCA$42.5b8.8x15x2x
Sun, 20 Mar 2022CA$588.9bCA$312.1bCA$42.4b8.1x13.9x1.9x
Price to Earnings Ratio

13.9x


Total Market Cap: CA$588.9bTotal Earnings: CA$42.4bTotal Revenue: CA$312.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Oil and Gas Industry Price to Earnings3Y Average 15.8x202320242025
Current Industry PE
  • Investors are relatively neutral on the Canadian Oil and Gas 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 2.1x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 3.2% per year over the last three years.
  • Meanwhile revenues for these companies have grown 7.5% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

CA Market-1.55%
Energy3.12%
Oil and Gas3.19%
Oil and Gas Exploration and Production5.60%
Integrated Oil and Gas5.10%
Oil and Gas Refining and Marketing3.69%
Oil and Gas Storage and Transportation0.99%
Coal and Fuels-1.54%
Industry PE
  • Investors are most optimistic about the Oil and Gas Refining and Marketing industry, which is trading close to its 3-year average PE ratio of 29.9x.
    • Analysts are expecting annual earnings growth of 17.4%, which is lower than the prior year's growth of 62.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 33% over the next 5 years.
  • This is better than its past earnings decline of 65% per year.
  • In contrast, the Integrated Oil and Gas industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CNQ Canadian Natural ResourcesCA$42.026.6%
+CA$5.5b		-15.6%PE14.5x
SU Suncor EnergyCA$51.404.4%
+CA$2.7b		7.3%PE10.6x
CVE Cenovus EnergyCA$19.027.4%
+CA$2.4b		-23.4%PE11.2x
IMO Imperial OilCA$96.384.5%
+CA$2.1b		6.6%PE10.2x
VRN VerenCA$8.7623.7%
+CA$1.0b		-15.7%PE18.9x
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IMO

CA$96.38

Imperial Oil

7D

4.5%

1Y

6.6%

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Mar 13
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EU

CA$2.01

enCore Energy

7D

-21.5%

1Y

-62.4%

KEY

CA$43.42

Keyera

7D

9.1%

1Y

25.0%

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Mar 11
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VRN

CA$8.76

Veren

7D

23.7%

1Y

-15.7%

ISO

CA$2.02

IsoEnergy

7D

-7.8%

1Y

-47.7%

WCP

CA$8.56

Whitecap Resources

7D

-5.5%

1Y

-10.6%

CVE

CA$19.02

Cenovus Energy

7D

7.4%

1Y

-23.4%

CNQ

CA$42.02

Canadian Natural Resources

7D

6.6%

1Y

-15.6%

CCO

CA$61.23

Cameco

7D

-0.7%

1Y

14.9%

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Mar 08
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ARX

CA$26.37

ARC Resources

7D

5.1%

1Y

13.9%

ARC Resources (TSE:ARX) Has A Pretty Healthy Balance Sheet

Mar 08
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DML

CA$2.03

Denison Mines

7D

-2.9%

1Y

-15.4%

BIR

CA$5.30

Birchcliff Energy

7D

-1.7%

1Y

-3.6%

NXE

CA$6.91

NexGen Energy

7D

-2.9%

1Y

-28.6%

PPL

CA$55.72

Pembina Pipeline

7D

3.1%

1Y

15.1%

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Mar 04
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SU

CA$51.40

Suncor Energy

7D

4.4%

1Y

7.3%

URE

CA$1.17

Ur-Energy

7D

-5.6%

1Y

-40.9%