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Canadian (TSX) Oil and Gas Exploration and Production Industry Analysis

UpdatedNov 20, 2024
DataAggregated Company Financials
Companies122
  • 7D1.2%
  • 3M-2.2%
  • 1Y2.0%
  • YTDn/a

Over the last 7 days, the Oil and Gas Exploration and Production industry has risen 1.2%, driven by gains in Canadian Natural Resources and Strathcona Resources of 0.7% and 12%, respectively. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 7.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 Nov 2024CA$218.4bCA$89.6bCA$15.2b10x14.3x2.4x
Sat, 19 Oct 2024CA$219.4bCA$91.7bCA$14.4b10x15.3x2.4x
Mon, 16 Sep 2024CA$204.6bCA$91.9bCA$14.4b10.4x14.2x2.2x
Wed, 14 Aug 2024CA$224.8bCA$91.5bCA$14.7b10.1x15.3x2.5x
Fri, 12 Jul 2024CA$226.3bCA$89.1bCA$15.5b11.5x14.6x2.5x
Sun, 09 Jun 2024CA$228.0bCA$89.1bCA$15.6b11.2x14.6x2.6x
Tue, 07 May 2024CA$244.1bCA$90.8bCA$18.1b9x13.5x2.7x
Thu, 04 Apr 2024CA$244.0bCA$91.3bCA$19.7b9x12.4x2.7x
Sat, 02 Mar 2024CA$221.5bCA$88.5bCA$20.6b7.5x10.8x2.5x
Mon, 29 Jan 2024CA$223.4bCA$105.8bCA$24.9b5.9x9x2.1x
Wed, 27 Dec 2023CA$224.0bCA$105.5bCA$24.8b5.6x9x2.1x
Fri, 24 Nov 2023CA$234.9bCA$106.4bCA$25.0b6.2x9.4x2.2x
Sun, 22 Oct 2023CA$249.9bCA$110.5bCA$31.7b6x7.9x2.3x
Tue, 19 Sep 2023CA$240.0bCA$110.1bCA$31.6b6x7.6x2.2x
Thu, 17 Aug 2023CA$225.4bCA$110.7bCA$31.7b5.4x7.1x2x
Sat, 15 Jul 2023CA$209.8bCA$121.9bCA$38.8b4.1x5.4x1.7x
Mon, 12 Jun 2023CA$203.9bCA$122.1bCA$38.9b4x5.2x1.7x
Wed, 10 May 2023CA$204.2bCA$124.1bCA$38.8b3.9x5.3x1.6x
Fri, 07 Apr 2023CA$210.3bCA$126.4bCA$40.4b3.8x5.2x1.7x
Sun, 05 Mar 2023CA$219.9bCA$124.8bCA$41.0b4x5.4x1.8x
Tue, 31 Jan 2023CA$220.0bCA$123.5bCA$43.0b4.2x5.1x1.8x
Thu, 29 Dec 2022CA$214.2bCA$123.9bCA$43.1b3.8x5x1.7x
Sat, 26 Nov 2022CA$234.2bCA$123.4bCA$43.0b4.4x5.4x1.9x
Mon, 24 Oct 2022CA$229.6bCA$114.2bCA$35.9b4.9x6.4x2x
Wed, 21 Sep 2022CA$216.5bCA$113.5bCA$35.7b4.9x6.1x1.9x
Fri, 19 Aug 2022CA$219.0bCA$112.4bCA$35.4b5x6.2x1.9x
Sun, 17 Jul 2022CA$189.2bCA$96.8bCA$30.5b5.4x6.2x2x
Tue, 14 Jun 2022CA$246.9bCA$96.6bCA$30.6b7.5x8.1x2.6x
Thu, 12 May 2022CA$213.9bCA$92.6bCA$28.7b6.1x7.4x2.3x
Sat, 09 Apr 2022CA$223.7bCA$82.6bCA$26.3b6.2x8.5x2.7x
Mon, 07 Mar 2022CA$208.0bCA$81.2bCA$26.0b5.6x8x2.6x
Wed, 02 Feb 2022CA$187.5bCA$69.5bCA$17.9b5.9x10.5x2.7x
Fri, 31 Dec 2021CA$151.4bCA$69.4bCA$17.9b5.4x8.4x2.2x
Sun, 28 Nov 2021CA$148.9bCA$69.4bCA$18.2b6.2x8.2x2.1x
Price to Earnings Ratio

8.2x


Total Market Cap: CA$148.9bTotal Earnings: CA$18.2bTotal Revenue: CA$69.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Oil and Gas Exploration and Production Industry Price to Earnings3Y Average 8.8x202220232024
Current Industry PE
  • Investors are optimistic on the Canadian Oil and Gas Exploration and Production industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 14.3x which is higher than its 3-year average PE of 8.8x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Exploration and Production industry have declined 5.7% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.9% 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 Comparison

How does Canadian Oil and Gas Exploration and Production compare with similar industries?

CA Market0.41%
Energy2.97%
Oil and Gas3.02%
Oil and Gas Exploration and Production1.19%
Coal and Fuels7.25%
Integrated Oil and Gas5.12%
Oil and Gas Storage and Transportation2.60%
Oil and Gas Refining and Marketing-0.42%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
CNQ Canadian Natural ResourcesCA$47.040.7%
+CA$743.2m		5.9%PE13.1x
SCR Strathcona ResourcesCA$32.0111.6%
+CA$711.3m		44.3%PE8.8x
POU Paramount ResourcesCA$30.5412.0%
+CA$482.8m		13.1%PE12.5x
ARX ARC ResourcesCA$25.571.8%
+CA$266.7m		20.6%PE12x
VET Vermilion EnergyCA$14.157.8%
+CA$159.5m		-19.6%PS1.2x
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Latest News

VET

CA$14.15

Vermilion Energy

7D

7.8%

1Y

-19.6%

POU

CA$30.54

Paramount Resources

7D

12.0%

1Y

13.1%

NVA

CA$13.01

NuVista Energy

7D

4.4%

1Y

8.3%

WCP

CA$10.37

Whitecap Resources

7D

2.7%

1Y

8.7%

Whitecap Resources' (TSE:WCP) Dividend Will Be CA$0.0608

Nov 19
Whitecap Resources' (TSE:WCP) Dividend Will Be CA$0.0608

BIR

CA$5.00

Birchcliff Energy

7D

-2.2%

1Y

-24.6%

PEY

CA$15.74

Peyto Exploration & Development

7D

3.2%

1Y

20.2%

SCR

CA$32.01

Strathcona Resources

7D

11.6%

1Y

44.3%

AAV

CA$8.56

Advantage Energy

7D

-7.0%

1Y

-16.7%

CDR

CA$2.07

Condor Energies

7D

-13.0%

1Y

44.8%

Is Condor Energies (TSE:CDR) Using Too Much Debt?

Nov 15
Is Condor Energies (TSE:CDR) Using Too Much Debt?

VLE

CA$5.23

Valeura Energy

7D

-3.1%

1Y

52.9%

TOU

CA$62.65

Tourmaline Oil

7D

-1.0%

1Y

-5.8%

Tourmaline Oil's (TSE:TOU) Profits Appear To Have Quality Issues

Nov 13
Tourmaline Oil's (TSE:TOU) Profits Appear To Have Quality Issues

ARX

CA$25.57

ARC Resources

7D

1.8%

1Y

20.6%

CNQ

CA$47.04

Canadian Natural Resources

7D

0.7%

1Y

5.9%

Returns On Capital Are Showing Encouraging Signs At Canadian Natural Resources (TSE:CNQ)

Nov 12
Returns On Capital Are Showing Encouraging Signs At Canadian Natural Resources (TSE:CNQ)

MEG

CA$25.36

MEG Energy

7D

-0.7%

1Y

-1.5%

RECO

CA$0.95

Reconnaissance Energy Africa

7D

-9.5%

1Y

-7.8%

PIPE

CA$1.94

Pipestone Energy

7D

-13.4%

1Y

-55.7%