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Canadian (TSX) Integrated Oil and Gas Industry Analysis

UpdatedDec 27, 2025
DataAggregated Company Financials
Companies4
  • 7D0.3%
  • 3M-5.5%
  • 1Y18.7%
  • YTDn/a

In the last week, Integrated Oil and Gas has been flat. As for the the longer term, the industry is up 19% over the past 12 months. Looking forward, earnings are forecast to grow by 1.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Dec 2025CA$173.0bCA$149.6bCA$12.4b13.8x14x1.2x
Mon, 24 Nov 2025CA$191.5bCA$149.6bCA$12.4b15.3x15.5x1.3x
Wed, 22 Oct 2025CA$169.5bCA$151.8bCA$13.0b13x13x1.1x
Fri, 19 Sep 2025CA$181.3bCA$151.8bCA$13.0b14.1x13.9x1.2x
Sun, 17 Aug 2025CA$161.5bCA$151.8bCA$13.0b12.5x12.4x1.1x
Tue, 15 Jul 2025CA$161.3bCA$157.1bCA$13.7b11.9x11.7x1x
Thu, 12 Jun 2025CA$150.5bCA$157.1bCA$13.7b11x11x1x
Sat, 10 May 2025CA$140.3bCA$157.1bCA$13.7b10.3x10.2x0.9x
Mon, 07 Apr 2025CA$133.6bCA$156.7bCA$13.9b9.6x9.6x0.9x
Wed, 05 Mar 2025CA$147.6bCA$156.7bCA$13.9b10.4x10.6x0.9x
Fri, 31 Jan 2025CA$162.0bCA$158.7bCA$16.6b10.6x9.7x1x
Sun, 29 Dec 2024CA$148.9bCA$158.7bCA$16.6b9.4x8.9x0.9x
Tue, 26 Nov 2024CA$170.3bCA$158.7bCA$16.6b11.2x10.2x1.1x
Thu, 24 Oct 2024CA$166.6bCA$159.5bCA$17.5b8.9x9.5x1x
Sat, 21 Sep 2024CA$157.6bCA$159.5bCA$17.5b9.1x9x1x
Mon, 19 Aug 2024CA$177.6bCA$159.5bCA$17.5b10.5x10.1x1.1x
Wed, 17 Jul 2024CA$173.1bCA$154.1bCA$17.3b10.7x10x1.1x
Fri, 14 Jun 2024CA$159.7bCA$154.1bCA$17.3b9.8x9.2x1x
Sun, 12 May 2024CA$173.8bCA$154.1bCA$17.3b10.6x10.1x1.1x
Tue, 09 Apr 2024CA$175.6bCA$152.4bCA$17.3b9.5x10.2x1.2x
Thu, 07 Mar 2024CA$151.2bCA$152.4bCA$17.4b8.4x8.7x1x
Sat, 03 Feb 2024CA$136.5bCA$154.7bCA$17.3b7.6x7.9x0.9x
Mon, 01 Jan 2024CA$137.0bCA$155.8bCA$17.7b7.2x7.7x0.9x
Wed, 29 Nov 2023CA$146.3bCA$155.8bCA$17.7b7.8x8.3x0.9x
Fri, 27 Oct 2023CA$155.9bCA$162.2bCA$15.7b8.9x9.9x1x
Sun, 24 Sep 2023CA$155.3bCA$162.2bCA$15.7b8.9x9.9x1x
Tue, 22 Aug 2023CA$152.4bCA$162.2bCA$15.7b8.6x9.7x0.9x
Thu, 20 Jul 2023CA$130.3bCA$179.1bCA$21.2b5.6x6.2x0.7x
Sat, 17 Jun 2023CA$132.3bCA$179.1bCA$21.2b5.8x6.2x0.7x
Mon, 15 May 2023CA$127.8bCA$179.5bCA$21.2b5.5x6x0.7x
Wed, 12 Apr 2023CA$147.0bCA$185.1bCA$23.0b6.1x6.4x0.8x
Fri, 10 Mar 2023CA$152.0bCA$184.6bCA$22.8b6.8x6.7x0.8x
Sun, 05 Feb 2023CA$147.0bCA$181.8bCA$20.5b7.5x7.2x0.8x
Tue, 03 Jan 2023CA$146.9bCA$179.4bCA$19.5b7.3x7.5x0.8x
Price to Earnings Ratio

7.5x


Total Market Cap: CA$146.9bTotal Earnings: CA$19.5bTotal Revenue: CA$179.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Integrated Oil and Gas Industry Price to Earnings3Y Average 9.6x20242025
Current Industry PE
  • Investors are optimistic on the Canadian Integrated Oil and Gas industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 14.0x which is higher than its 3-year average PE of 9.6x.
  • The 3-year average PS ratio of 0.97x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Integrated Oil and Gas industry have declined 14% per year over the last three years,
  • Revenues have also declined 5.9% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Canadian Integrated Oil and Gas compare with similar industries?

CA Market0.90%
Energy1.06%
Oil and Gas1.05%
Integrated Oil and Gas0.28%
Coal and Fuels1.91%
Oil and Gas Storage and Transportation1.31%
Oil and Gas Exploration and Production1.07%
Oil and Gas Refining and Marketing0.055%
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
IMO Imperial OilCA$117.291.1%
+CA$621.1m		31.0%PE14.6x
SU Suncor EnergyCA$59.100.2%
+CA$144.8m		16.2%PE13.6x

Latest News

IMO
CA$117.29
Imperial Oil
7D
1.1%
1Y
31.0%

IMO: Centralized Operations And Cost Cuts Will Support Durable Cash Returns

Our analyst price target for Imperial Oil has risen modestly in line with recent Street revisions, with multiple firms nudging targets higher by C$1 to C$7 as analysts factor in updated 2025 and early 2026 guidance, improved growth and margin expectations, and the company’s strong balance sheet and shareholder return profile. Analyst Commentary Bullish analysts highlight that recent price target increases reflect growing confidence in Imperial Oil’s ability to execute on its updated 2025 plan and early 2026 guidance.
SU
CA$59.10
Suncor Energy
7D
0.2%
1Y
16.2%

SU: Double Digit Free Cash Flow Yield Will Support Strong Capital Returns

The analyst price target for Suncor Energy has been nudged higher to approximately C$66.70 from about C$66.50, as analysts factor in stronger sustaining free cash flow yields and updated multi year guidance that supports a modestly higher valuation multiple despite slightly softer growth and margin assumptions. Analyst Commentary Bullish analysts highlight that Suncor's valuation is increasingly supported by a double digit sustaining free cash flow yield, which screens attractively versus peers and underpins the modest upward revision in the consolidated price target.
CVE
CA$22.88
Cenovus Energy
7D
-0.7%
1Y
8.5%

CVE: MEG Integration And Buybacks Will Drive Future Margin And Cash Flow

We are raising our fair value estimate for Cenovus Energy slightly to $29.68 from $29.35, as analysts lift price targets across the sector, citing updated 2025 guidance, early 2026 outlook commentary, and improved profitability expectations following the MEG acquisition. Analyst Commentary Street research activity around Cenovus has been active, with a series of target price revisions and rating changes reflecting shifting views on the company’s post MEG-acquisition profile, capital allocation, and risk-reward balance.
CVVY
CA$0.87
Cavvy Energy
7D
-2.2%
1Y
222.2%

Cavvy Energy Ltd. (TSE:CVVY) Surges 30% Yet Its Low P/S Is No Reason For Excitement

Nov 11
Cavvy Energy Ltd. (TSE:CVVY) Surges 30% Yet Its Low P/S Is No Reason For Excitement