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Canadian (TSX) Integrated Oil and Gas Industry Analysis

UpdatedJul 14, 2026
DataAggregated Company Financials
Companies4
  • 7D11.0%
  • 3M2.3%
  • 1Y66.4%
  • YTDn/a

In the last week, the Integrated Oil and Gas industry is up 11%, with all of the companies up. In the last 12 months, the industry was up 66%. Earnings are forecast to grow by 3.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 15 Jul 2026CA$251.9bCA$146.9bCA$13.9b16.2x18.2x1.7x
Fri, 12 Jun 2026CA$258.0bCA$146.9bCA$13.9b16.1x18.6x1.8x
Sun, 10 May 2026CA$259.1bCA$146.9bCA$13.9b16.3x18.7x1.8x
Tue, 07 Apr 2026CA$266.5bCA$145.7bCA$13.1b18.4x20.4x1.8x
Thu, 05 Mar 2026CA$229.3bCA$145.7bCA$13.1b15.7x17.5x1.6x
Sat, 31 Jan 2026CA$210.2bCA$149.6bCA$12.4b16.5x17x1.4x
Mon, 29 Dec 2025CA$173.0bCA$149.6bCA$12.4b13.8x14x1.2x
Wed, 26 Nov 2025CA$190.8bCA$149.6bCA$12.4b14.9x15.4x1.3x
Fri, 24 Oct 2025CA$171.0bCA$151.8bCA$13.0b13.6x13.2x1.1x
Sun, 21 Sep 2025CA$176.3bCA$151.8bCA$13.0b13.7x13.6x1.2x
Tue, 19 Aug 2025CA$161.5bCA$151.8bCA$13.0b12.5x12.4x1.1x
Thu, 17 Jul 2025CA$159.3bCA$157.1bCA$13.7b11.7x11.6x1x
Sat, 14 Jun 2025CA$155.6bCA$157.1bCA$13.7b11.6x11.3x1x
Mon, 12 May 2025CA$143.9bCA$157.1bCA$13.7b10.3x10.5x0.9x
Wed, 09 Apr 2025CA$132.2bCA$156.7bCA$13.9b9.1x9.5x0.8x
Fri, 07 Mar 2025CA$140.2bCA$156.7bCA$13.9b10.2x10.1x0.9x
Sun, 02 Feb 2025CA$156.3bCA$158.4bCA$16.5b10.3x9.5x1x
Tue, 31 Dec 2024CA$148.9bCA$158.7bCA$16.6b9.2x8.9x0.9x
Thu, 28 Nov 2024CA$163.5bCA$158.7bCA$16.6b10.8x9.8x1x
Sat, 26 Oct 2024CA$164.4bCA$159.5bCA$17.5b9.1x9.4x1x
Mon, 23 Sep 2024CA$156.4bCA$159.5bCA$17.5b9.1x8.9x1x
Wed, 21 Aug 2024CA$176.3bCA$159.5bCA$17.5b10x10x1.1x
Fri, 19 Jul 2024CA$172.1bCA$154.1bCA$17.3b10.6x10x1.1x
Sun, 16 Jun 2024CA$158.4bCA$154.1bCA$17.3b9.8x9.2x1x
Tue, 14 May 2024CA$172.6bCA$154.1bCA$17.3b10.5x10x1.1x
Thu, 11 Apr 2024CA$175.2bCA$152.4bCA$17.3b9.7x10.1x1.1x
Sat, 09 Mar 2024CA$150.9bCA$152.4bCA$17.4b8.4x8.7x1x
Mon, 05 Feb 2024CA$136.5bCA$154.7bCA$17.3b7.6x7.9x0.9x
Wed, 03 Jan 2024CA$138.4bCA$155.8bCA$17.7b7.3x7.8x0.9x
Fri, 01 Dec 2023CA$147.8bCA$155.8bCA$17.7b7.7x8.4x0.9x
Sun, 29 Oct 2023CA$154.4bCA$162.2bCA$15.7b8.8x9.8x1x
Tue, 26 Sep 2023CA$158.3bCA$162.2bCA$15.7b9x10.1x1x
Thu, 24 Aug 2023CA$149.9bCA$162.2bCA$15.7b8.6x9.5x0.9x
Sat, 22 Jul 2023CA$133.9bCA$179.1bCA$21.2b5.8x6.3x0.7x
Price to Earnings Ratio

6.3x


Total Market Cap: CA$133.9bTotal Earnings: CA$21.2bTotal Revenue: CA$179.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Integrated Oil and Gas Industry Price to Earnings3Y Average 11.7x202420252026
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 18.2x which is higher than its 3-year average PE of 11.7x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Integrated Oil and Gas industry have declined 13% per year over the last three years,
  • Revenues have also declined 6.4% 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 Market-0.069%
Energy5.07%
Oil and Gas5.10%
Integrated Oil and Gas10.96%
Oil and Gas Exploration and Production7.30%
Oil and Gas Storage and Transportation2.87%
Oil and Gas Refining and Marketing-1.23%
Coal and Fuels-7.38%
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
SU Suncor EnergyCA$85.906.7%
+CA$6.4b		58.8%PE16x
CVE Cenovus EnergyCA$38.758.2%
+CA$5.5b		98.7%PE15.7x
IMO Imperial OilCA$172.104.0%
+CA$3.2b		52.7%PE28.5x
CVVY Cavvy EnergyCA$1.571.3%
+CA$6.2m		302.6%PS2x

Latest News

CVE
CA$38.75
Cenovus Energy
7D
8.2%
1Y
98.7%
Narrative Update • Jul 09

CVE: Fair Value View Balances Offshore Project Execution And Overvaluation Risk

The fair value estimate for Cenovus Energy has been raised from CA$25.00 to CA$40.00 as analysts point to higher targeted price levels around CA$47.00 and expectations for a shift to positive revenue growth despite more moderate margin and P/E assumptions. Analyst Commentary Recent Street research on Cenovus Energy centers on higher stated price targets and a focus on execution around key growth projects.
SU
CA$85.90
Suncor Energy
7D
6.7%
1Y
58.8%
Narrative Update • Jul 09

SU: Operational Turnaround And Capital Returns Will Drive Future Upside Potential

The analyst price target for Suncor Energy has been reset from CA$109.42 to CA$118.00, reflecting updated views on oil prices, refreshed earnings estimates, and mixed but constructive Street commentary that includes both recent target trims and new Outperform ratings. Analyst Commentary Recent Street commentary on Suncor Energy offers a mixed but constructive picture, with valuation views and oil price assumptions pulling in different directions.
IMO
CA$172.10
Imperial Oil
7D
4.0%
1Y
52.7%
Narrative Update • Jul 08

IMO: Future Returns Will Hinge On Buybacks And Oil Price Sensitivity

Imperial Oil's analyst price target has been revised higher from CA$132.81 to CA$153.19, as analysts factor in updated oil price assumptions, modestly revised growth and margin expectations, and recent sector level targets in the CA$138 to CA$156 range. Analyst Commentary Recent Street research on Imperial Oil highlights a mix of optimism around upside potential and caution around execution and commodity risk, which helps explain the current cluster of price targets in the CA$138 to CA$156 range.
CVVY
CA$1.57
Cavvy Energy
7D
1.3%
1Y
302.6%
Narrative Update • Jun 26

CVVY: Rising Production And Wider Margins Will Support Bullish Repricing

Analysts have revised their price target for Cavvy Energy to CA$1.95 from CA$1.50, reflecting updated assumptions for higher revenue growth, wider profit margins, a slightly higher discount rate and a lower future P/E multiple. What's in the News Cavvy Energy reported unaudited consolidated production results for the first quarter ended March 31, 2026, covering natural gas, condensate, NGLs and sulphur volumes.