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Canadian (TSX) Oil and Gas Industry Analysis

UpdatedNov 30, 2022
DataAggregated Company Financials
Companies187
  • 7D-0.8%
  • 3M4.9%
  • 1Y38.0%
  • YTD31.4%

The Oil and Gas industry has been flat over the last week, but Suncor Energy has lost 5.9%. As for the the longer term, the industry is up 38% over the past 12 months. In the next few years, earnings are forecast to decline by 2.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 30 Nov 2022CA$636.7bCA$437.3bCA$74.8b5.5x8.5x1.5x
Fri, 28 Oct 2022CA$624.5bCA$406.9bCA$64.2b6.5x9.7x1.5x
Sun, 25 Sep 2022CA$544.4bCA$406.3bCA$64.9b5.4x8.4x1.3x
Tue, 23 Aug 2022CA$605.2bCA$405.0bCA$64.5b6.2x9.4x1.5x
Thu, 21 Jul 2022CA$588.4bCA$352.7bCA$52.8b7.7x11.1x1.7x
Sat, 18 Jun 2022CA$618.5bCA$353.0bCA$52.9b8.3x11.7x1.8x
Mon, 16 May 2022CA$632.8bCA$352.4bCA$52.7b7.9x12x1.8x
Wed, 13 Apr 2022CA$633.3bCA$311.9bCA$42.4b9.4x14.9x2x
Fri, 11 Mar 2022CA$598.0bCA$311.7bCA$42.3b8.3x14.1x1.9x
Sun, 06 Feb 2022CA$556.5bCA$280.2bCA$32.8b9x17x2x
Tue, 04 Jan 2022CA$479.0bCA$269.1bCA$29.1b7.4x16.4x1.8x
Thu, 02 Dec 2021CA$477.4bCA$271.8bCA$29.6b7.4x16.1x1.8x
Sat, 30 Oct 2021CA$506.4bCA$240.4bCA$21.5b11.2x23.5x2.1x
Mon, 27 Sep 2021CA$455.6bCA$236.9bCA$19.0b9.7x24x1.9x
Wed, 25 Aug 2021CA$406.8bCA$233.9bCA$18.6b8.2x21.9x1.7x
Thu, 01 Jul 2021CA$442.2bCA$233.9bCA$18.6b8.2x23.8x1.9x
Sun, 04 Apr 2021CA$379.8bCA$197.3bCA$2.2b8.8x175.7x1.9x
Wed, 06 Jan 2021CA$304.4bCA$185.1b-CA$24,540,160,782.2510.4x-12.4x1.6x
Sat, 10 Oct 2020CA$260.7bCA$199.4b-CA$29,083,739,509.1514.5x-9x1.3x
Fri, 03 Jul 2020CA$288.7bCA$215.0b-CA$24,217,187,324.2217.7x-11.9x1.3x
Mon, 06 Apr 2020CA$259.9bCA$248.0b-CA$4,731,237,241.457x-54.9x1x
Thu, 09 Jan 2020CA$426.7bCA$254.6bCA$23.0b12.3x18.6x1.7x
Price to Earnings Ratio

16.2x


Total Market Cap: CA$402.7bTotal Earnings: CA$24.8bTotal Revenue: CA$247.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Oil and Gas Industry Price to Earnings3Y Average 16.7x202020212022
Current Industry PE
  • Investors are pessimistic on the Canadian Oil and Gas 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 8.5x which is lower than its 3-year average PE of 16.7x.
  • The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have grown 44% per year over the last three years.
  • Revenues for these companies have grown 21% 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 industry?

CA Market0.22%
Energy-0.83%
Oil and Gas-0.83%
Oil and Gas Refining and Marketing4.90%
Oil and Gas Exploration and Production-0.47%
Coal and Fuels-0.69%
Oil and Gas Storage and Transportation-0.74%
Integrated Oil and Gas-1.67%
Industry PE
  • Investors are most optimistic about the Oil and Gas Refining and Marketing industry even though it's trading below its 3-year average PE ratio of 47.1x.
    • Analysts are expecting annual earnings growth of 17.0%, which is lower than the prior year's growth of 105.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 39% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Integrated Oil and Gas industry is expected to see its earnings decline by 12% 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$55.521.3%
+CA$1.4b
15.8%PE20.5x
IMO Imperial OilCA$77.981.4%
+CA$665.3m
84.7%PE7.3x
PPL Pembina PipelineCA$48.321.8%
+CA$472.5m
27.8%PE9.9x
CVE Cenovus EnergyCA$27.680.8%
+CA$441.3m
82.6%PE10.2x
PKI ParklandCA$28.006.3%
+CA$273.2m
-15.1%PE18.7x
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Latest News

TRP

CA$61.26

TC Energy

7D

-5.5%

1Y

2.2%

IMO

CA$77.98

Imperial Oil

7D

1.4%

1Y

84.7%

TOU

CA$81.10

Tourmaline Oil

7D

0.8%

1Y

90.8%

SU

CA$45.43

Suncor Energy

7D

-5.9%

1Y

46.0%

WCP

CA$10.86

Whitecap Resources

7D

-1.3%

1Y

59.7%

PPL

CA$48.32

Pembina Pipeline

7D

1.8%

1Y

27.8%

POU

CA$30.11

Paramount Resources

7D

-2.2%

1Y

40.4%

OVV

CA$73.59

Ovintiv

7D

-1.4%

1Y

65.9%

CVE

CA$27.68

Cenovus Energy

7D

0.8%

1Y

82.6%