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Canadian (TSX) Oil and Gas Industry Analysis

UpdatedOct 31, 2024
DataAggregated Company Financials
Companies191
  • 7D-0.5%
  • 3M3.3%
  • 1Y11.7%
  • YTD16.1%

Last week, the Oil and Gas industry hasn't moved much but Tourmaline Oil is up 4.1% in that time. As for the the longer term, the industry is up 12% over the past 12 months. Earnings are forecast to grow by 6.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 31 Oct 2024CA$681.3bCA$386.3bCA$43.8b11.2x15.6x1.8x
Sat, 28 Sep 2024CA$638.3bCA$386.5bCA$43.7b11.4x14.6x1.7x
Mon, 26 Aug 2024CA$668.0bCA$376.5bCA$43.3b12.1x15.4x1.8x
Wed, 24 Jul 2024CA$657.8bCA$366.3bCA$43.4b11.6x15.2x1.8x
Fri, 21 Jun 2024CA$632.1bCA$366.0bCA$43.4b11.7x14.6x1.7x
Sun, 19 May 2024CA$675.8bCA$367.7bCA$43.9b12.6x15.4x1.8x
Tue, 16 Apr 2024CA$667.2bCA$368.1bCA$48.4b9.9x13.8x1.8x
Thu, 14 Mar 2024CA$624.2bCA$364.0bCA$48.7b9.1x12.8x1.7x
Sat, 10 Feb 2024CA$587.3bCA$384.2bCA$47.0b7.3x12.5x1.5x
Mon, 08 Jan 2024CA$612.2bCA$386.1bCA$47.7b6.7x12.8x1.6x
Wed, 06 Dec 2023CA$618.1bCA$386.5bCA$47.8b6.4x12.9x1.6x
Fri, 03 Nov 2023CA$629.6bCA$399.9bCA$52.3b6.7x12x1.6x
Sun, 01 Oct 2023CA$621.5bCA$401.3bCA$55.6b6.5x11.2x1.5x
Tue, 29 Aug 2023CA$593.6bCA$401.3bCA$55.5b6.1x10.7x1.5x
Thu, 27 Jul 2023CA$579.0bCA$436.4bCA$67.1b5.3x8.6x1.3x
Sat, 24 Jun 2023CA$535.8bCA$437.9bCA$68.2b4.2x7.9x1.2x
Mon, 22 May 2023CA$555.8bCA$437.5bCA$67.9b4.8x8.2x1.3x
Wed, 19 Apr 2023CA$591.0bCA$449.7bCA$69.9b4.3x8.5x1.3x
Fri, 17 Mar 2023CA$539.2bCA$449.7bCA$70.2b4.1x7.7x1.2x
Sun, 12 Feb 2023CA$610.2bCA$438.6bCA$75.6b5.2x8.1x1.4x
Tue, 10 Jan 2023CA$584.6bCA$436.9bCA$74.7b4.8x7.8x1.3x
Thu, 08 Dec 2022CA$593.7bCA$437.4bCA$74.8b4.8x7.9x1.4x
Sat, 05 Nov 2022CA$644.5bCA$419.6bCA$68.7b6.6x9.4x1.5x
Mon, 03 Oct 2022CA$551.6bCA$406.6bCA$65.0b5.7x8.5x1.4x
Wed, 31 Aug 2022CA$617.8bCA$405.3bCA$64.7b6.2x9.5x1.5x
Fri, 29 Jul 2022CA$603.6bCA$352.8bCA$52.9b7.6x11.4x1.7x
Sun, 26 Jun 2022CA$582.1bCA$352.7bCA$52.8b7.8x11x1.7x
Tue, 24 May 2022CA$651.1bCA$352.2bCA$52.7b8.8x12.4x1.8x
Thu, 21 Apr 2022CA$653.5bCA$311.8bCA$42.5b9.8x15.4x2.1x
Sat, 19 Mar 2022CA$588.9bCA$312.1bCA$42.4b8.1x13.9x1.9x
Mon, 14 Feb 2022CA$566.8bCA$294.6bCA$33.2b8.5x17.1x1.9x
Wed, 12 Jan 2022CA$521.8bCA$268.9bCA$29.1b8x17.9x1.9x
Fri, 10 Dec 2021CA$472.3bCA$269.0bCA$29.1b7.4x16.2x1.8x
Sun, 07 Nov 2021CA$514.3bCA$266.3bCA$28.9b10.9x17.8x1.9x
Price to Earnings Ratio

17.8x


Total Market Cap: CA$514.3bTotal Earnings: CA$28.9bTotal Revenue: CA$266.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Oil and Gas Industry Price to Earnings3Y Average 15.9x202220232024
Current Industry PE
  • Investors are relatively neutral on the Canadian Oil and Gas industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 15.9x.
  • The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have grown 15% per year over the last three years.
  • Revenues for these companies have grown 13% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Canadian Energy industry?

CA Market-0.37%
Energy-0.49%
Oil and Gas-0.52%
Oil and Gas Refining and Marketing3.28%
Oil and Gas Exploration and Production-0.31%
Coal and Fuels-0.34%
Integrated Oil and Gas-0.47%
Oil and Gas Storage and Transportation-0.92%
Industry PE
  • Investors are most optimistic about the Oil and Gas Storage and Transportation industry, which is trading close to its 3-year average PE ratio of 23.9x.
    • Analysts are expecting annual earnings growth of 8.9%, which is higher than its past year's earnings growth of 0.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 20% over the next 5 years.
  • However this is lower than its past earnings growth rate of 39% per year.
  • In contrast, the Integrated Oil and Gas industry is expected to see its earnings decline by 6.9% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
TOU Tourmaline OilCA$65.784.1%
+CA$965.4m
-10.6%PE16.5x
SES Secure Energy ServicesCA$15.1312.2%
+CA$388.4m
91.3%PE6.4x
ARX ARC ResourcesCA$23.622.3%
+CA$314.1m
4.8%PE12x
PSK PrairieSky RoyaltyCA$28.553.5%
+CA$233.2m
15.3%PE30.7x
CVE Cenovus EnergyCA$23.180.4%
+CA$164.6m
-12.1%PE8.9x
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Latest News

PSK

CA$28.55

PrairieSky Royalty

7D

3.5%

1Y

15.3%

CVE

CA$23.18

Cenovus Energy

7D

0.4%

1Y

-12.1%

SU

CA$52.95

Suncor Energy

7D

-0.8%

1Y

16.7%

POU

CA$27.01

Paramount Resources

7D

2.2%

1Y

-19.5%

CNQ

CA$47.50

Canadian Natural Resources

7D

-2.2%

1Y

5.9%

SES

CA$15.13

Secure Energy Services

7D

12.2%

1Y

91.3%

TOU

CA$65.78

Tourmaline Oil

7D

4.1%

1Y

-10.6%

NVA

CA$11.22

NuVista Energy

7D

6.4%

1Y

-17.3%

TRP

CA$64.59

TC Energy

7D

-0.6%

1Y

33.1%