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Canadian (TSX) Oil and Gas Industry Analysis
UpdatedDec 22, 2024
DataAggregated Company Financials
Companies192
- 7D-3.5%
- 3M-0.3%
- 1Y11.2%
- YTD11.2%
Over the last 7 days, the Oil and Gas industry has dropped 3.5%, driven by a pullback from Canadian Natural Resources of 5.1%. This takes the industry's 12 month performance to a gain of 11%. Looking forward, earnings are forecast to grow by 4.8% annually.
Industry Valuation and Performance
Has the Canadian Oil and Gas Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | CA$654.3b | CA$388.3b | CA$45.1b | 10.2x | 14.5x | 1.7x |
| Tue, 19 Nov 2024 | CA$701.7b | CA$388.2b | CA$45.6b | 11.1x | 15.4x | 1.8x |
| Thu, 17 Oct 2024 | CA$684.2b | CA$386.3b | CA$43.7b | 11.8x | 15.7x | 1.8x |
| Sat, 14 Sep 2024 | CA$632.2b | CA$386.5b | CA$43.8b | 11.8x | 14.4x | 1.6x |
| Mon, 12 Aug 2024 | CA$649.9b | CA$376.2b | CA$43.6b | 10.5x | 14.9x | 1.7x |
| Wed, 10 Jul 2024 | CA$641.8b | CA$366.0b | CA$43.4b | 11.5x | 14.8x | 1.8x |
| Fri, 07 Jun 2024 | CA$649.5b | CA$366.1b | CA$43.4b | 12.5x | 15x | 1.8x |
| Sun, 05 May 2024 | CA$659.4b | CA$368.9b | CA$46.8b | 9.3x | 14.1x | 1.8x |
| Tue, 02 Apr 2024 | CA$650.5b | CA$368.0b | CA$48.4b | 10.2x | 13.5x | 1.8x |
| Thu, 29 Feb 2024 | CA$603.8b | CA$367.2b | CA$49.5b | 8.1x | 12.2x | 1.6x |
| Sat, 27 Jan 2024 | CA$605.2b | CA$386.2b | CA$47.8b | 6.7x | 12.7x | 1.6x |
| Mon, 25 Dec 2023 | CA$600.7b | CA$385.9b | CA$47.7b | 6.3x | 12.6x | 1.6x |
| Wed, 22 Nov 2023 | CA$624.6b | CA$386.8b | CA$47.9b | 6.7x | 13x | 1.6x |
| Fri, 20 Oct 2023 | CA$636.3b | CA$401.6b | CA$55.6b | 6.6x | 11.4x | 1.6x |
| Sun, 17 Sep 2023 | CA$633.1b | CA$401.2b | CA$55.5b | 6.7x | 11.4x | 1.6x |
| Tue, 15 Aug 2023 | CA$598.7b | CA$405.4b | CA$57.4b | 6.1x | 10.4x | 1.5x |
| Thu, 13 Jul 2023 | CA$564.0b | CA$436.6b | CA$67.5b | 5.2x | 8.4x | 1.3x |
| Sat, 10 Jun 2023 | CA$566.4b | CA$437.0b | CA$67.6b | 4.5x | 8.4x | 1.3x |
| Mon, 08 May 2023 | CA$564.6b | CA$440.6b | CA$68.4b | 4.8x | 8.2x | 1.3x |
| Wed, 05 Apr 2023 | CA$583.4b | CA$449.8b | CA$70.0b | 4.2x | 8.3x | 1.3x |
| Fri, 03 Mar 2023 | CA$599.0b | CA$444.9b | CA$72.7b | 5x | 8.2x | 1.3x |
| Sun, 29 Jan 2023 | CA$620.0b | CA$436.7b | CA$74.7b | 5.4x | 8.3x | 1.4x |
| Tue, 27 Dec 2022 | CA$595.5b | CA$437.3b | CA$74.8b | 5.2x | 8x | 1.4x |
| Thu, 24 Nov 2022 | CA$639.1b | CA$436.8b | CA$74.5b | 5.6x | 8.6x | 1.5x |
| Sat, 22 Oct 2022 | CA$610.5b | CA$406.6b | CA$65.0b | 6.1x | 9.4x | 1.5x |
| Mon, 19 Sep 2022 | CA$598.0b | CA$405.7b | CA$64.8b | 6x | 9.2x | 1.5x |
| Wed, 17 Aug 2022 | CA$590.9b | CA$404.7b | CA$64.5b | 5.6x | 9.2x | 1.5x |
| Fri, 15 Jul 2022 | CA$553.0b | CA$353.1b | CA$52.8b | 6.7x | 10.5x | 1.6x |
| Sun, 12 Jun 2022 | CA$693.5b | CA$352.5b | CA$52.8b | 10x | 13.1x | 2x |
| Tue, 10 May 2022 | CA$650.2b | CA$342.9b | CA$49.6b | 7.9x | 13.1x | 1.9x |
| Thu, 07 Apr 2022 | CA$617.3b | CA$311.7b | CA$42.4b | 8.8x | 14.6x | 2x |
| Sat, 05 Mar 2022 | CA$599.5b | CA$305.5b | CA$41.8b | 7.8x | 14.3x | 2x |
| Mon, 31 Jan 2022 | CA$535.2b | CA$269.3b | CA$29.1b | 8.1x | 18.4x | 2x |
| Wed, 29 Dec 2021 | CA$475.7b | CA$269.2b | CA$29.1b | 7.3x | 16.3x | 1.8x |
Price to Earnings Ratio
16.3x
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 15.9x.
- 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 grown 16% per year over the last three years.
- Revenues for these companies have grown 13% 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 Market | -2.57% | |
| Energy | -3.51% | |
| Oil and Gas | -3.53% | |
| Oil and Gas Storage and Transportation | -0.98% | |
| Coal and Fuels | -3.44% | |
| Oil and Gas Exploration and Production | -4.75% | |
| Oil and Gas Refining and Marketing | -5.53% | |
| Integrated Oil and Gas | -5.88% | |
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 32.5x.
- Analysts are expecting annual earnings growth of 6.6%, which is lower than the prior year's growth of 107.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 31% over the next 5 years.
- However this is lower than its past earnings growth rate of 102% per year.
- In contrast, the Integrated Oil and Gas industry is expected to see its earnings decline by 7.7% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| EU enCore Energy | CA$4.71 | 4.0% +CA$33.5m | -12.1% | PS13.6x | |
| PUR Premier American Uranium | CA$2.00 | 40.8% +CA$26.6m | 29.9% | PB14.9x | |
| GASX NG Energy International | CA$1.10 | 6.8% +CA$17.9m | 31.0% | PS6.8x | |
| NF Nuclear Fuels | CA$0.50 | 31.6% +CA$11.7m | -26.5% | PB7x | |
| AXL Arrow Exploration | CA$0.44 | 10.0% +CA$11.4m | 44.3% | PE145.6x |
