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

UpdatedJun 08, 2023
DataAggregated Company Financials
Companies133
  • 7D5.0%
  • 3M-3.3%
  • 1Y-20.0%
  • YTD1.2%

The Oil and Gas Exploration and Production industry is up 5.0% in the last week, with Canadian Natural Resources up 2.8%. However, the industry is down 20% over the past year. Looking forward, earnings are forecast to decline by 9.5% per year.

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, 08 Jun 2023CA$203.0bCA$122.2bCA$38.9b4.2x5.2x1.7x
Sat, 06 May 2023CA$204.7bCA$124.3bCA$38.7b3.9x5.3x1.6x
Mon, 03 Apr 2023CA$202.0bCA$126.5bCA$40.4b3.7x5x1.6x
Wed, 01 Mar 2023CA$209.0bCA$124.5bCA$43.2b3.8x4.8x1.7x
Fri, 27 Jan 2023CA$222.8bCA$123.3bCA$43.0b4.2x5.2x1.8x
Sun, 25 Dec 2022CA$220.8bCA$123.9bCA$43.1b4x5.1x1.8x
Tue, 22 Nov 2022CA$230.8bCA$123.5bCA$42.8b4.3x5.4x1.9x
Thu, 20 Oct 2022CA$224.5bCA$114.3bCA$36.0b5x6.2x2x
Sat, 17 Sep 2022CA$217.4bCA$113.3bCA$35.7b4.9x6.1x1.9x
Mon, 15 Aug 2022CA$217.3bCA$112.2bCA$35.3b5x6.2x1.9x
Wed, 13 Jul 2022CA$188.9bCA$96.8bCA$30.5b5.2x6.2x2x
Fri, 10 Jun 2022CA$260.2bCA$96.2bCA$30.5b7.9x8.5x2.7x
Sun, 08 May 2022CA$234.6bCA$90.5bCA$29.4b6.5x8x2.6x
Tue, 05 Apr 2022CA$221.2bCA$82.4bCA$26.2b5.6x8.4x2.7x
Thu, 03 Mar 2022CA$204.6bCA$74.5bCA$22.1b6.6x9.2x2.7x
Sat, 29 Jan 2022CA$179.5bCA$69.6bCA$17.9b5.6x10.1x2.6x
Mon, 27 Dec 2021CA$148.9bCA$69.5bCA$17.9b5.3x8.3x2.1x
Wed, 24 Nov 2021CA$149.8bCA$69.2bCA$18.1b6.3x8.3x2.2x
Fri, 22 Oct 2021CA$149.7bCA$57.9bCA$9.8b10.4x15.3x2.6x
Sun, 19 Sep 2021CA$125.5bCA$58.3bCA$9.7b7.4x12.9x2.2x
Tue, 17 Aug 2021CA$109.1bCA$58.0bCA$9.8b7x11.1x1.9x
Tue, 01 Jun 2021CA$113.3bCA$46.6b-CA$4,350,323,076.638.8x-26x2.4x
Fri, 05 Mar 2021CA$90.3bCA$41.8b-CA$22,882,169,514.436x-3.9x2.2x
Mon, 07 Dec 2020CA$66.4bCA$45.0b-CA$27,501,637,351.0410.3x-2.4x1.5x
Thu, 10 Sep 2020CA$59.1bCA$49.1b-CA$24,514,695,358.847.5x-2.4x1.2x
Price to Earnings Ratio

-2.1x


Total Market Cap: CA$52.7bTotal Earnings: -CA$24,516,834,029.35Total Revenue: CA$49.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Oil and Gas Exploration and Production Industry Price to Earnings3Y Average 2.6x202120222023
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 5.2x which is higher than its 3-year average PE of 2.6x.
  • The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.7x.
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 35% 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 Market2.01%
Energy5.81%
Oil and Gas5.84%
Oil and Gas Exploration and Production4.99%
Integrated Oil and Gas7.44%
Coal and Fuels6.54%
Oil and Gas Storage and Transportation5.73%
Oil and Gas Refining and Marketing0.21%
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$75.192.8%
+CA$2.3b		-12.3%PE8.6x
OVV OvintivCA$51.0113.7%
+CA$1.5b		-33.8%PE2.1x
TOU Tourmaline OilCA$60.696.9%
+CA$1.3b		-22.3%PE5.1x
ARX ARC ResourcesCA$17.466.7%
+CA$672.4m		-21.1%PE3.6x
CPG Crescent Point EnergyCA$9.389.6%
+CA$444.5m		-30.3%PE9.8x
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Latest News

AFE

CA$0.13

Africa Energy

7D

-3.8%

1Y

-57.6%

CNQ

CA$75.19

Canadian Natural Resources

7D

2.8%

1Y

-12.3%

PSK

CA$24.16

PrairieSky Royalty

7D

6.1%

1Y

20.9%

OVV

CA$51.01

Ovintiv

7D

13.7%

1Y

-33.8%

RHC

CA$0.35

Royal Helium

7D

-9.0%

1Y

0%

Royal Helium (CVE:RHC) Is Carrying A Fair Bit Of Debt

Jun 06
Royal Helium (CVE:RHC) Is Carrying A Fair Bit Of Debt

ARX

CA$17.46

ARC Resources

7D

6.7%

1Y

-21.1%

ARC Resources (TSE:ARX) Is Paying Out A Larger Dividend Than Last Year

Jun 04
ARC Resources (TSE:ARX) Is Paying Out A Larger Dividend Than Last Year

MEG

CA$21.97

MEG Energy

7D

7.1%

1Y

-9.1%

Are Investors Undervaluing MEG Energy Corp. (TSE:MEG) By 44%?

Jun 02
Are Investors Undervaluing MEG Energy Corp. (TSE:MEG) By 44%?

FRU

CA$13.75

Freehold Royalties

7D

-1.8%

1Y

-17.3%

An Intrinsic Calculation For Freehold Royalties Ltd. (TSE:FRU) Suggests It's 35% Undervalued

Jun 02
An Intrinsic Calculation For Freehold Royalties Ltd. (TSE:FRU) Suggests It's 35% Undervalued

TAL

CA$0.69

PetroTal

7D

-2.8%

1Y

-27.4%

We Think PetroTal (TSE:TAL) Can Stay On Top Of Its Debt

Jun 01
We Think PetroTal (TSE:TAL) Can Stay On Top Of Its Debt

TPL

CA$0.68

Tethys Petroleum

7D

-9.3%

1Y

-15.0%

There's No Escaping Tethys Petroleum Limited's (CVE:TPL) Muted Earnings

May 31
There's No Escaping Tethys Petroleum Limited's (CVE:TPL) Muted Earnings

ERF

CA$20.13

Enerplus

7D

7.5%

1Y

-11.0%

CPG

CA$9.38

Crescent Point Energy

7D

9.6%

1Y

-30.3%

QEC

CA$0.21

Questerre Energy

7D

-10.6%

1Y

-16.0%

TOU

CA$60.69

Tourmaline Oil

7D

6.9%

1Y

-22.3%

FO

CA$0.16

Falcon Oil & Gas

7D

-5.9%

1Y

6.7%

Here's Why We're Not At All Concerned With Falcon Oil & Gas' (CVE:FO) Cash Burn Situation

Apr 27
Here's Why We're Not At All Concerned With Falcon Oil & Gas' (CVE:FO) Cash Burn Situation

CEQ

CA$0.26

Criterium Energy

7D

-20.0%

1Y

160.0%