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Canadian (TSX) Oil and Gas Industry Analysis

UpdatedMar 24, 2025
DataAggregated Company Financials
Companies190
  • 7D2.5%
  • 3M2.5%
  • 1Y4.7%
  • YTD-0.6%

Over the last 7 days, the Oil and Gas industry has risen 2.5%, and Canadian Natural Resources contributed the most with a gain of 2.1%. This takes the industry's 12 month performance to a gain of 4.7%. As for the next few years, earnings are expected to grow by 7.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 25 Mar 2025CA$680.7bCA$387.6bCA$38.1b13.1x17.9x1.8x
Thu, 20 Feb 2025CA$668.5bCA$389.7bCA$40.6b11x16.5x1.7x
Sat, 18 Jan 2025CA$689.7bCA$388.4bCA$45.0b11.2x15.3x1.8x
Mon, 16 Dec 2024CA$677.1bCA$388.3bCA$45.1b10.6x15x1.7x
Wed, 13 Nov 2024CA$692.4bCA$387.4bCA$45.2b10.7x15.3x1.8x
Fri, 11 Oct 2024CA$688.0bCA$386.3bCA$43.7b11.8x15.8x1.8x
Sun, 08 Sep 2024CA$634.8bCA$386.5bCA$43.8b11.3x14.5x1.6x
Tue, 06 Aug 2024CA$634.9bCA$375.4bCA$44.5b10.3x14.3x1.7x
Thu, 04 Jul 2024CA$650.9bCA$366.0bCA$43.3b12.1x15x1.8x
Sat, 01 Jun 2024CA$667.7bCA$366.0bCA$43.4b13x15.4x1.8x
Mon, 29 Apr 2024CA$673.8bCA$368.2bCA$48.2b9.6x14x1.8x
Wed, 27 Mar 2024CA$647.0bCA$363.8bCA$47.9b9.8x13.5x1.8x
Fri, 23 Feb 2024CA$616.0bCA$383.9bCA$52.5b8.3x11.7x1.6x
Sun, 21 Jan 2024CA$594.1bCA$386.2bCA$47.7b6.6x12.4x1.5x
Tue, 19 Dec 2023CA$589.4bCA$386.2bCA$47.7b6.4x12.3x1.5x
Thu, 16 Nov 2023CA$622.7bCA$387.0bCA$48.1b6.7x12.9x1.6x
Sat, 14 Oct 2023CA$631.0bCA$401.5bCA$55.6b6.2x11.3x1.6x
Mon, 11 Sep 2023CA$622.0bCA$401.4bCA$55.6b6.4x11.2x1.5x
Wed, 09 Aug 2023CA$594.6bCA$407.1bCA$58.1b6.1x10.2x1.5x
Fri, 07 Jul 2023CA$548.7bCA$437.0bCA$67.6b4.9x8.1x1.3x
Sun, 04 Jun 2023CA$561.7bCA$437.1bCA$67.6b4.4x8.3x1.3x
Tue, 02 May 2023CA$582.0bCA$446.2bCA$69.7b4.6x8.4x1.3x
Thu, 30 Mar 2023CA$561.6bCA$450.0bCA$70.1b4.1x8x1.2x
Sat, 25 Feb 2023CA$587.5bCA$444.1bCA$73.2b5x8x1.3x
Mon, 23 Jan 2023CA$613.9bCA$436.9bCA$74.7b5.2x8.2x1.4x
Wed, 21 Dec 2022CA$575.3bCA$437.4bCA$74.8b4.7x7.7x1.3x
Fri, 18 Nov 2022CA$633.7bCA$436.9bCA$74.5b5.4x8.5x1.5x
Sun, 16 Oct 2022CA$579.6bCA$406.9bCA$65.1b6.1x8.9x1.4x
Tue, 13 Sep 2022CA$612.4bCA$405.1bCA$64.6b6.1x9.5x1.5x
Thu, 11 Aug 2022CA$583.8bCA$402.3bCA$64.1b5.7x9.1x1.5x
Sat, 09 Jul 2022CA$576.6bCA$352.7bCA$52.7b7.5x10.9x1.6x
Mon, 06 Jun 2022CA$692.9bCA$352.1bCA$52.8b10x13.1x2x
Wed, 04 May 2022CA$646.9bCA$327.6bCA$47.4b8.7x13.7x2x
Fri, 01 Apr 2022CA$617.0bCA$312.0bCA$42.4b8.4x14.6x2x
Price to Earnings Ratio

14.6x


Total Market Cap: CA$617.0bTotal Earnings: CA$42.4bTotal Revenue: CA$312.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Oil and Gas Industry Price to Earnings3Y Average 15.8x202320242025
Current Industry PE
  • Investors are optimistic on the Canadian Oil and Gas industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 17.9x which is higher than its 3-year average PE of 15.8x.
  • 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 declined 3.5% 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 Market0.71%
Energy2.51%
Oil and Gas2.48%
Coal and Fuels5.14%
Oil and Gas Exploration and Production3.09%
Oil and Gas Refining and Marketing2.81%
Integrated Oil and Gas2.16%
Oil and Gas Storage and Transportation1.80%
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 29.4x.
    • Analysts are expecting annual earnings growth of 16.9%, 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 36% 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$43.472.1%
+CA$1.8b		-15.6%PE15x
IMO Imperial OilCA$102.203.5%
+CA$1.8b		9.1%PE10.9x
ENB EnbridgeCA$62.941.3%
+CA$1.7b		29.0%PE27.1x
CVE Cenovus EnergyCA$20.324.5%
+CA$1.6b		-24.6%PE11.9x
TRP TC EnergyCA$69.501.9%
+CA$1.4b		26.3%PE17.2x
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CA$28.07

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7D

4.4%

1Y

18.0%

PKI

CA$36.86

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1Y

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ENB

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FEC

CA$6.71

Frontera Energy

7D

-2.6%

1Y

-18.0%

RBY

CA$1.80

Rubellite Energy

7D

-4.3%

1Y

-29.7%

IMO

CA$102.20

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7D

3.5%

1Y

9.1%

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PRQ

CA$1.32

Petrus Resources

7D

-4.3%

1Y

-1.5%

KEI

CA$10.31

Kolibri Global Energy

7D

-11.6%

1Y

137.0%

CVE

CA$20.32

Cenovus Energy

7D

4.5%

1Y

-24.6%

CNQ

CA$43.47

Canadian Natural Resources

7D

2.1%

1Y

-15.6%

TOU

CA$68.29

Tourmaline Oil

7D

4.3%

1Y

12.3%

CCO

CA$63.91

Cameco

7D

3.3%

1Y

12.1%

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RECO

CA$0.56

Reconnaissance Energy Africa

7D

-5.1%

1Y

-37.1%

SU

CA$53.72

Suncor Energy

7D

-0.1%

1Y

7.5%

TPL

CA$0.78

Tethys Petroleum

7D

-9.3%

1Y

-9.3%