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Canadian (TSX) Oil and Gas Industry Analysis

UpdatedApr 26, 2024
DataAggregated Company Financials
Companies192
  • 7D2.6%
  • 3M13.7%
  • 1Y17.4%
  • YTD15.3%

In the last week, the Oil and Gas industry is up 2.6%, with Enbridge up 2.1%. This takes the industry's 12 month performance to a gain of 17%. Looking forward, earnings are forecast to grow by 5.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Apr 2024CA$673.5bCA$367.9bCA$48.2b9.6x14x1.8x
Mon, 25 Mar 2024CA$639.2bCA$363.6bCA$47.8b9.3x13.4x1.8x
Wed, 21 Feb 2024CA$603.1bCA$383.6bCA$52.9b7.4x11.4x1.6x
Fri, 19 Jan 2024CA$594.1bCA$386.3bCA$47.8b6.6x12.4x1.5x
Sun, 17 Dec 2023CA$601.0bCA$386.1bCA$47.7b6.3x12.6x1.6x
Tue, 14 Nov 2023CA$624.6bCA$387.0bCA$48.2b6.5x13x1.6x
Thu, 12 Oct 2023CA$621.6bCA$401.3bCA$55.6b6.2x11.2x1.5x
Sat, 09 Sep 2023CA$620.3bCA$401.4bCA$55.6b6.4x11.2x1.5x
Mon, 07 Aug 2023CA$589.4bCA$407.3bCA$58.2b6x10.1x1.4x
Wed, 05 Jul 2023CA$560.4bCA$436.7bCA$67.5b5.1x8.3x1.3x
Fri, 02 Jun 2023CA$546.5bCA$437.2bCA$67.7b4.4x8.1x1.2x
Sun, 30 Apr 2023CA$587.2bCA$446.0bCA$68.7b4.7x8.5x1.3x
Tue, 28 Mar 2023CA$547.9bCA$450.0bCA$70.0b4.2x7.8x1.2x
Thu, 23 Feb 2023CA$572.9bCA$443.9bCA$72.6b4.7x7.9x1.3x
Sat, 21 Jan 2023CA$611.5bCA$436.9bCA$74.7b5.2x8.2x1.4x
Mon, 19 Dec 2022CA$574.0bCA$437.5bCA$74.9b4.8x7.7x1.3x
Wed, 16 Nov 2022CA$646.0bCA$436.5bCA$74.4b5.7x8.7x1.5x
Fri, 14 Oct 2022CA$582.5bCA$406.7bCA$65.0b6.3x9x1.4x
Sun, 11 Sep 2022CA$601.8bCA$405.2bCA$64.7b6x9.3x1.5x
Tue, 09 Aug 2022CA$575.8bCA$402.3bCA$64.0b5.6x9x1.4x
Thu, 07 Jul 2022CA$570.4bCA$352.9bCA$52.8b6.7x10.8x1.6x
Sat, 04 Jun 2022CA$692.9bCA$352.1bCA$52.8b10x13.1x2x
Mon, 02 May 2022CA$630.6bCA$325.8bCA$47.0b8.6x13.4x1.9x
Wed, 30 Mar 2022CA$614.8bCA$312.0bCA$42.4b8.4x14.5x2x
Fri, 25 Feb 2022CA$553.1bCA$297.0bCA$33.4b7.5x16.5x1.9x
Sun, 23 Jan 2022CA$517.7bCA$269.0bCA$29.1b7.9x17.8x1.9x
Tue, 21 Dec 2021CA$456.9bCA$269.3bCA$29.1b6.9x15.7x1.7x
Thu, 18 Nov 2021CA$501.6bCA$271.7bCA$29.7b8.9x16.9x1.8x
Sat, 16 Oct 2021CA$501.7bCA$236.5bCA$19.0b11.6x26.4x2.1x
Mon, 13 Sep 2021CA$446.7bCA$236.6bCA$19.0b9.5x23.5x1.9x
Wed, 11 Aug 2021CA$417.2bCA$233.9bCA$18.6b8.2x22.4x1.8x
Sun, 06 Jun 2021CA$416.1bCA$197.3bCA$2.2b9.7x193.2x2.1x
Price to Earnings Ratio

183.3x


Total Market Cap: CA$395.9bTotal Earnings: CA$2.2bTotal Revenue: CA$197.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Oil and Gas Industry Price to Earnings3Y Average 26.6x202220232024
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 14.0x which is lower than its 3-year average PE of 26.6x.
  • The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have grown 182% 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 industry?

CA Market0.71%
Energy2.62%
Oil and Gas2.63%
Oil and Gas Storage and Transportation4.24%
Integrated Oil and Gas2.70%
Oil and Gas Exploration and Production1.88%
Coal and Fuels0.077%
Oil and Gas Refining and Marketing-0.32%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry even though it's trading below its 3-year average PE ratio of 1kx.
    • Analysts are expecting annual earnings growth of 13.3%, which is lower than the prior year's growth of 610.8% per year.
  • Investors are most pessimistic about the Integrated Oil and Gas industry, which is trading below its 3-year average of 15.4x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 16% over the next 5 years.
  • However this is lower than its past earnings growth rate of 52% per year.
  • In contrast, the Integrated Oil and Gas industry is expected to see its earnings decline by 6.1% 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$48.962.1%
+CA$2.1b		-9.1%PE17.8x
CNQ Canadian Natural ResourcesCA$106.521.1%
+CA$1.3b		29.0%PE13.9x
CVE Cenovus EnergyCA$29.322.2%
+CA$1.2b		28.9%PE13.4x
SU Suncor EnergyCA$53.871.7%
+CA$1.1b		27.0%PE8.4x
TOU Tourmaline OilCA$67.764.1%
+CA$947.8m		11.3%PE13.7x
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Latest News

CVE

CA$29.32

Cenovus Energy

7D

2.2%

1Y

28.9%

TPL

CA$0.94

Tethys Petroleum

7D

-22.3%

1Y

34.3%

SU

CA$53.87

Suncor Energy

7D

1.7%

1Y

27.0%

ENB

CA$48.96

Enbridge

7D

2.1%

1Y

-9.1%

PSK

CA$26.97

PrairieSky Royalty

7D

-2.7%

1Y

26.1%

EFR

CA$7.35

Energy Fuels

7D

-8.8%

1Y

-4.5%

CCO

CA$67.38

Cameco

7D

1.8%

1Y

80.9%

Cameco Corporation's (TSE:CCO) Popularity With Investors Is Clear

Apr 22
Cameco Corporation's (TSE:CCO) Popularity With Investors Is Clear

CEI

CA$0.79

Coelacanth Energy

7D

-4.8%

1Y

12.9%

Here's Why We're Watching Coelacanth Energy's (CVE:CEI) Cash Burn Situation

Apr 22
Here's Why We're Watching Coelacanth Energy's (CVE:CEI) Cash Burn Situation

SCR

CA$33.06

Strathcona Resources

7D

-0.2%

1Y

n/a

PPL

CA$48.96

Pembina Pipeline

7D

2.0%

1Y

9.8%

Getting In Cheap On Pembina Pipeline Corporation (TSE:PPL) Is Unlikely

Apr 14
Getting In Cheap On Pembina Pipeline Corporation (TSE:PPL) Is Unlikely

AFE

CA$0.065

Africa Energy

7D

-13.3%

1Y

-56.7%

CNQ

CA$106.52

Canadian Natural Resources

7D

1.1%

1Y

29.0%

Canadian Natural Resources Limited's (TSE:CNQ) Shares May Have Run Too Fast Too Soon

Apr 05
Canadian Natural Resources Limited's (TSE:CNQ) Shares May Have Run Too Fast Too Soon

IMO

CA$96.56

Imperial Oil

7D

1.0%

1Y

39.8%

An Intrinsic Calculation For Imperial Oil Limited (TSE:IMO) Suggests It's 40% Undervalued

Mar 31
An Intrinsic Calculation For Imperial Oil Limited (TSE:IMO) Suggests It's 40% Undervalued

TOU

CA$67.76

Tourmaline Oil

7D

4.1%

1Y

11.3%

RHC

CA$0.08

Royal Helium

7D

-44.8%

1Y

-79.5%

PIPE

CA$1.94

Pipestone Energy

7D

-13.4%

1Y

-55.7%