Narrative Update • Jun 03
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- 7D4.1%
- 3M11.5%
- 1Y54.6%
- YTD32.5%
Over the last 7 days, the Oil and Gas industry has risen 4.1%, driven by gains from Canadian Natural Resources of 4.8%. During this same period, the Energy Fuels underperformed, falling 5.2%. This takes the industry's 12 month performance to a gain of 55%. As for the next few years, earnings are expected to grow by 10% per annum.
Industry Valuation and Performance
Has the Canadian Oil and Gas Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 06 Jun 2026 | CA$1.0t | CA$348.1b | CA$38.2b | 26.5x | 26.3x | 2.9x |
| Mon, 04 May 2026 | CA$986.3b | CA$342.8b | CA$41.3b | 22.9x | 23.9x | 2.9x |
| Wed, 01 Apr 2026 | CA$977.4b | CA$342.2b | CA$41.3b | 21x | 23.7x | 2.9x |
| Fri, 27 Feb 2026 | CA$889.0b | CA$345.0b | CA$40.6b | 17.2x | 21.9x | 2.6x |
| Sun, 25 Jan 2026 | CA$818.0b | CA$356.9b | CA$38.5b | 15.6x | 21.3x | 2.3x |
| Tue, 23 Dec 2025 | CA$735.2b | CA$357.4b | CA$38.5b | 14x | 19.1x | 2.1x |
| Thu, 20 Nov 2025 | CA$775.7b | CA$357.7b | CA$38.6b | 15.3x | 20.1x | 2.2x |
| Sat, 18 Oct 2025 | CA$743.1b | CA$390.8b | CA$43.9b | 12x | 16.9x | 1.9x |
| Mon, 15 Sep 2025 | CA$742.7b | CA$390.6b | CA$43.9b | 12.4x | 16.9x | 1.9x |
| Wed, 13 Aug 2025 | CA$702.9b | CA$390.6b | CA$44.4b | 11.8x | 15.8x | 1.8x |
| Fri, 11 Jul 2025 | CA$682.5b | CA$394.3b | CA$42.8b | 12.1x | 15.9x | 1.7x |
| Sun, 08 Jun 2025 | CA$724.9b | CA$394.4b | CA$42.8b | 12.2x | 16.9x | 1.8x |
| Tue, 06 May 2025 | CA$645.1b | CA$387.6b | CA$38.9b | 10.4x | 16.6x | 1.7x |
| Thu, 03 Apr 2025 | CA$686.0b | CA$387.1b | CA$38.8b | 13.2x | 17.7x | 1.8x |
| Sat, 01 Mar 2025 | CA$650.5b | CA$386.2b | CA$39.4b | 11.2x | 16.5x | 1.7x |
| Mon, 27 Jan 2025 | CA$701.3b | CA$388.3b | CA$45.1b | 11.1x | 15.6x | 1.8x |
| Wed, 25 Dec 2024 | CA$666.5b | CA$388.3b | CA$45.1b | 10.3x | 14.8x | 1.7x |
| Fri, 22 Nov 2024 | CA$708.4b | CA$388.1b | CA$45.6b | 11.2x | 15.5x | 1.8x |
| Sun, 20 Oct 2024 | CA$697.3b | CA$386.3b | CA$43.7b | 11.6x | 16x | 1.8x |
| Tue, 17 Sep 2024 | CA$632.6b | CA$386.5b | CA$43.8b | 11.3x | 14.5x | 1.6x |
| Thu, 15 Aug 2024 | CA$665.6b | CA$376.2b | CA$43.6b | 11.7x | 15.3x | 1.8x |
| Sat, 13 Jul 2024 | CA$654.0b | CA$366.0b | CA$43.4b | 11.5x | 15.1x | 1.8x |
| Mon, 10 Jun 2024 | CA$647.6b | CA$366.1b | CA$43.4b | 12.2x | 14.9x | 1.8x |
| Wed, 08 May 2024 | CA$673.4b | CA$368.8b | CA$46.7b | 9.6x | 14.4x | 1.8x |
| Fri, 05 Apr 2024 | CA$671.2b | CA$368.0b | CA$48.4b | 10.5x | 13.9x | 1.8x |
| Sun, 03 Mar 2024 | CA$619.7b | CA$365.7b | CA$49.6b | 8x | 12.5x | 1.7x |
| Tue, 30 Jan 2024 | CA$607.7b | CA$386.2b | CA$47.7b | 6.6x | 12.7x | 1.6x |
| Thu, 28 Dec 2023 | CA$604.3b | CA$385.8b | CA$47.6b | 6.3x | 12.7x | 1.6x |
| Sat, 25 Nov 2023 | CA$620.8b | CA$386.6b | CA$47.8b | 6.9x | 13x | 1.6x |
| Mon, 23 Oct 2023 | CA$627.9b | CA$401.6b | CA$55.6b | 6.4x | 11.3x | 1.6x |
| Wed, 20 Sep 2023 | CA$623.0b | CA$401.1b | CA$55.5b | 6.5x | 11.2x | 1.6x |
| Fri, 18 Aug 2023 | CA$587.9b | CA$402.1b | CA$55.5b | 6.1x | 10.6x | 1.5x |
| Sun, 16 Jul 2023 | CA$558.9b | CA$436.7b | CA$67.5b | 5x | 8.3x | 1.3x |
| Tue, 13 Jun 2023 | CA$557.8b | CA$437.0b | CA$67.6b | 4.4x | 8.3x | 1.3x |
Price to Earnings Ratio
8.3x
Current Industry PE
- Investors are optimistic on the Canadian Oil and Gas industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 26.3x which is higher than its 3-year average PE of 19.6x.
- The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have declined 17% per year over the last three years,
- Revenues have also declined 7.3% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Canadian Energy industry?
| CA Market | 1.83% | |
| Energy | 4.15% | |
| Oil and Gas | 4.12% | |
| Integrated Oil and Gas | 5.14% | |
| Oil and Gas Exploration and Production | 4.93% | |
| Oil and Gas Refining and Marketing | 3.66% | |
| Oil and Gas Storage and Transportation | 3.01% | |
| Coal and Fuels | 2.83% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Refining and Marketing industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 28.0%, which is higher than its past year's earnings decline of 39.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 30% over the next 5 years.
- In contrast, the Integrated Oil and Gas industry is expected to see its earnings grow by 3.2% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ENB Enbridge | CA$78.54 | 3.8% +CA$6.3b | 23.3% | PE26.6x | |
| TRP TC Energy | CA$95.83 | 4.3% +CA$4.1b | 37.9% | PE28.3x | |
| IMO Imperial Oil | CA$169.62 | 3.7% +CA$2.9b | 68.3% | PE28.1x | |
| CVE Cenovus Energy | CA$39.41 | 3.5% +CA$2.5b | 112.6% | PE15.9x | |
| CNQ Canadian Natural Resources | CA$63.76 | 1.7% +CA$2.2b | 47.4% | PE13.7x |