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

UpdatedMar 17, 2024
DataAggregated Company Financials
Companies130
  • 7D1.8%
  • 3M12.5%
  • 1Y26.1%
  • YTDn/a

The Oil and Gas Exploration and Production industry is up 1.8% in the last week, with Canadian Natural Resources up 1.6%. This means that the industry has gained 26% over the past year. Looking forward, earnings are forecast to grow by 5.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 17 Mar 2024CA$228.6bCA$86.8bCA$19.4b8.2x11.8x2.6x
Tue, 13 Feb 2024CA$214.8bCA$104.2bCA$24.4b6.1x8.8x2.1x
Thu, 11 Jan 2024CA$223.9bCA$105.7bCA$24.9b5.8x9x2.1x
Sat, 09 Dec 2023CA$219.0bCA$106.1bCA$25.0b5.7x8.8x2.1x
Mon, 06 Nov 2023CA$251.6bCA$108.9bCA$27.0b6.3x9.3x2.3x
Wed, 04 Oct 2023CA$232.2bCA$110.4bCA$31.7b5.7x7.3x2.1x
Fri, 01 Sep 2023CA$234.9bCA$110.0bCA$31.7b5.6x7.4x2.1x
Sun, 30 Jul 2023CA$220.2bCA$120.5bCA$36.4b4.7x6x1.8x
Tue, 27 Jun 2023CA$198.1bCA$121.7bCA$38.8b4x5.1x1.6x
Thu, 25 May 2023CA$206.2bCA$122.9bCA$39.3b3.9x5.2x1.7x
Sat, 22 Apr 2023CA$212.8bCA$126.5bCA$40.4b3.8x5.3x1.7x
Mon, 20 Mar 2023CA$188.0bCA$126.7bCA$40.4b3.7x4.7x1.5x
Wed, 15 Feb 2023CA$221.1bCA$122.7bCA$43.1b4.1x5.1x1.8x
Fri, 13 Jan 2023CA$216.6bCA$123.4bCA$43.0b3.9x5x1.8x
Sun, 11 Dec 2022CA$214.3bCA$123.9bCA$43.1b4x5x1.7x
Tue, 08 Nov 2022CA$243.6bCA$119.8bCA$40.1b5.3x6.1x2x
Thu, 06 Oct 2022CA$223.1bCA$114.1bCA$35.9b4.8x6.2x2x
Sat, 03 Sep 2022CA$219.7bCA$113.0bCA$35.6b4.8x6.2x1.9x
Mon, 01 Aug 2022CA$223.1bCA$101.9bCA$29.6b6.4x7.5x2.2x
Wed, 29 Jun 2022CA$214.3bCA$96.6bCA$30.6b6.3x7x2.2x
Fri, 27 May 2022CA$239.2bCA$96.2bCA$30.4b7.4x7.9x2.5x
Sun, 24 Apr 2022CA$222.5bCA$82.9bCA$26.4b5.7x8.4x2.7x
Tue, 22 Mar 2022CA$214.7bCA$82.7bCA$26.2b5.5x8.2x2.6x
Thu, 17 Feb 2022CA$190.9bCA$71.1bCA$18.6b6x10.3x2.7x
Sat, 15 Jan 2022CA$179.5bCA$69.2bCA$17.9b6.3x10x2.6x
Mon, 13 Dec 2021CA$151.0bCA$69.3bCA$17.9b5.9x8.4x2.2x
Wed, 10 Nov 2021CA$158.5bCA$65.5bCA$17.1b7.4x9.3x2.4x
Fri, 08 Oct 2021CA$146.4bCA$58.1bCA$9.8b8x15x2.5x
Sun, 05 Sep 2021CA$121.3bCA$58.0bCA$9.8b7.9x12.4x2.1x
Tue, 03 Aug 2021CA$117.3bCA$58.0bCA$9.8b6.9x12x2x
Fri, 07 May 2021CA$100.9bCA$46.6b-CA$4,346,058,608.188.3x-23.2x2.2x
Price to Earnings Ratio

-22.4x


Total Market Cap: CA$97.1bTotal Earnings: -CA$4,341,361,340.40Total Revenue: CA$46.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Oil and Gas Exploration and Production Industry Price to Earnings3Y Average 5.3x202220232024
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 11.8x which is higher than its 3-year average PE of 5.3x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • Total earnings for the Oil and Gas Exploration and Production industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 23% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Comparison

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

CA Market0.45%
Energy1.78%
Oil and Gas1.84%
Oil and Gas Exploration and Production1.80%
Integrated Oil and Gas5.34%
Oil and Gas Refining and Marketing1.29%
Oil and Gas Storage and Transportation-0.34%
Coal and Fuels-0.35%
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$98.281.6%
+CA$1.9b
43.2%PE12.8x
SCR Strathcona ResourcesCA$26.717.4%
+CA$394.2m
n/an/a
MEG MEG EnergyCA$30.144.3%
+CA$334.7m
59.6%PE14.4x
PSK PrairieSky RoyaltyCA$25.705.5%
+CA$322.6m
24.9%PE27x
CPG Crescent Point EnergyCA$10.513.9%
+CA$241.8m
31.7%PE8.2x
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Latest News

PEY

CA$14.28

Peyto Exploration & Development

7D

-3.8%

1Y

18.0%

WCP

CA$9.94

Whitecap Resources

7D

3.8%

1Y

4.4%

BIR

CA$5.30

Birchcliff Energy

7D

-4.0%

1Y

-32.8%

PSK

CA$25.70

PrairieSky Royalty

7D

5.5%

1Y

24.9%

TOU

CA$61.55

Tourmaline Oil

7D

0.8%

1Y

14.3%

MEG

CA$30.14

MEG Energy

7D

4.3%

1Y

59.6%

CNQ

CA$98.28

Canadian Natural Resources

7D

1.6%

1Y

43.2%

CPG

CA$10.51

Crescent Point Energy

7D

3.9%

1Y

31.7%

BTE

CA$4.50

Baytex Energy

7D

4.7%

1Y

3.0%

ARX

CA$23.33

ARC Resources

7D

-0.5%

1Y

56.5%

NVA

CA$11.48

NuVista Energy

7D

-0.9%

1Y

6.6%

SCR

CA$26.71

Strathcona Resources

7D

7.4%

1Y

n/a

CEI

CA$0.77

Coelacanth Energy

7D

-3.8%

1Y

10.0%

PIPE

CA$1.94

Pipestone Energy

7D

-13.4%

1Y

-55.7%