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Canadian (TSX) Oil and Gas Industry Analysis

UpdatedMay 28, 2024
DataAggregated Company Financials
Companies190
  • 7D-0.3%
  • 3M11.4%
  • 1Y21.8%
  • YTD15.4%

The Oil and Gas industry has stayed flat over the last week. As for the the longer term, the industry is up 22% over the past 12 months. As for the next few years, earnings are expected to grow by 7.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 28 May 2024CA$672.4bCA$368.0bCA$44.0b12.5x15.3x1.8x
Thu, 25 Apr 2024CA$667.3bCA$368.1bCA$48.4b9.4x13.8x1.8x
Sat, 23 Mar 2024CA$639.2bCA$363.6bCA$47.9b9.9x13.4x1.8x
Mon, 19 Feb 2024CA$605.9bCA$382.8bCA$52.8b7.6x11.5x1.6x
Wed, 17 Jan 2024CA$616.8bCA$386.3bCA$47.8b6.6x12.9x1.6x
Fri, 15 Dec 2023CA$595.5bCA$386.2bCA$47.7b6.5x12.5x1.5x
Sun, 12 Nov 2023CA$615.7bCA$387.4bCA$48.2b6.6x12.8x1.6x
Tue, 10 Oct 2023CA$600.6bCA$401.5bCA$55.6b6.1x10.8x1.5x
Thu, 07 Sep 2023CA$620.5bCA$401.4bCA$55.6b6.4x11.2x1.5x
Sat, 05 Aug 2023CA$589.5bCA$408.7bCA$57.7b6x10.2x1.4x
Mon, 03 Jul 2023CA$557.7bCA$436.7bCA$67.5b5x8.3x1.3x
Wed, 31 May 2023CA$545.2bCA$437.5bCA$67.8b4.4x8x1.2x
Fri, 28 Apr 2023CA$575.6bCA$446.2bCA$69.0b4.3x8.3x1.3x
Sun, 26 Mar 2023CA$540.1bCA$450.2bCA$70.0b4.1x7.7x1.2x
Tue, 21 Feb 2023CA$583.8bCA$443.3bCA$72.5b4.9x8.1x1.3x
Thu, 19 Jan 2023CA$604.1bCA$437.1bCA$74.8b5.1x8.1x1.4x
Sat, 17 Dec 2022CA$574.0bCA$437.5bCA$74.9b4.8x7.7x1.3x
Mon, 14 Nov 2022CA$649.6bCA$432.9bCA$74.4b5.5x8.7x1.5x
Wed, 12 Oct 2022CA$581.2bCA$406.7bCA$65.0b6x8.9x1.4x
Fri, 09 Sep 2022CA$589.4bCA$405.4bCA$64.7b5.9x9.1x1.5x
Sun, 07 Aug 2022CA$573.0bCA$402.4bCA$64.0b5.7x8.9x1.4x
Tue, 05 Jul 2022CA$600.6bCA$352.6bCA$52.7b7.8x11.4x1.7x
Thu, 02 Jun 2022CA$690.2bCA$352.3bCA$52.8b9.9x13.1x2x
Sat, 30 Apr 2022CA$630.3bCA$319.6bCA$44.7b8.6x14.1x2x
Mon, 28 Mar 2022CA$624.1bCA$312.0bCA$42.4b8.3x14.7x2x
Wed, 23 Feb 2022CA$548.0bCA$296.0bCA$33.4b7.8x16.4x1.9x
Fri, 21 Jan 2022CA$532.2bCA$268.8bCA$29.1b8.2x18.3x2x
Sun, 19 Dec 2021CA$456.7bCA$269.2bCA$29.1b6.9x15.7x1.7x
Tue, 16 Nov 2021CA$503.0bCA$271.4bCA$29.7b8.3x16.9x1.9x
Thu, 14 Oct 2021CA$492.3bCA$236.6bCA$19.0b11.1x25.9x2.1x
Sat, 11 Sep 2021CA$434.6bCA$236.6bCA$19.0b8.9x22.9x1.8x
Mon, 09 Aug 2021CA$407.7bCA$233.9bCA$18.6b8.2x21.9x1.7x
Price to Earnings Ratio

193.2x


Total Market Cap: CA$416.1bTotal Earnings: CA$2.2bTotal Revenue: CA$197.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Oil and Gas Industry Price to Earnings3Y Average 21.8x202220232024
Current Industry PE
  • Investors are pessimistic on the Canadian Oil and Gas industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 15.3x which is lower than its 3-year average PE of 21.8x.
  • 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 173% per year over the last three years.
  • Revenues for these companies have grown 23% 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-0.43%
Energy-0.31%
Oil and Gas-0.31%
Integrated Oil and Gas0.58%
Coal and Fuels-0.0057%
Oil and Gas Exploration and Production-0.44%
Oil and Gas Refining and Marketing-0.55%
Oil and Gas Storage and Transportation-0.96%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry even though it's trading below its 3-year average PE ratio of 1kx.
    • Analysts are expecting annual earnings growth of 6.5%, which is lower than the prior year's growth of 297.7% per year.
  • Investors are most pessimistic about the Integrated Oil and Gas industry, which is trading below its 3-year average of 17.2x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Integrated Oil and Gas industry is expected to see its earnings decline by 4.5% 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
CVE Cenovus EnergyCA$27.820.6%
+CA$297.2m		25.3%PE11.2x
AAV Advantage EnergyCA$11.584.5%
+CA$80.5m		54.6%PE19.6x
NVA NuVista EnergyCA$13.312.5%
+CA$66.0m		21.2%PE8.5x
VLE Valeura EnergyCA$5.3810.5%
+CA$55.4m		189.2%PE14.2x
BTE Baytex EnergyCA$4.791.3%
+CA$49.0m		10.1%PS1.3x
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Latest News

SU

CA$55.28

Suncor Energy

7D

-1.3%

1Y

42.5%

IMO

CA$94.38

Imperial Oil

7D

-0.7%

1Y

48.9%

PPL

CA$49.76

Pembina Pipeline

7D

-1.8%

1Y

19.4%

CCO

CA$72.65

Cameco

7D

-1.0%

1Y

100.2%

CVE

CA$27.82

Cenovus Energy

7D

0.6%

1Y

25.3%

ARX

CA$25.17

ARC Resources

7D

-2.1%

1Y

50.7%

TRP

CA$52.56

TC Energy

7D

-1.6%

1Y

-1.5%

With TC Energy Corporation (TSE:TRP) It Looks Like You'll Get What You Pay For

May 22
With TC Energy Corporation (TSE:TRP) It Looks Like You'll Get What You Pay For

ENB

CA$49.57

Enbridge

7D

-1.3%

1Y

2.3%

Enbridge's (TSE:ENB) Solid Earnings May Rest On Weak Foundations

May 21
Enbridge's (TSE:ENB) Solid Earnings May Rest On Weak Foundations

NVA

CA$13.31

NuVista Energy

7D

2.5%

1Y

21.2%

SEI

CA$1.37

Sintana Energy

7D

9.6%

1Y

437.3%

DML

CA$3.16

Denison Mines

7D

1.3%

1Y

127.3%

CNQ

CA$104.79

Canadian Natural Resources

7D

-0.5%

1Y

40.7%

BTE

CA$4.79

Baytex Energy

7D

1.3%

1Y

10.1%

AAV

CA$11.58

Advantage Energy

7D

4.5%

1Y

54.6%

VLE

CA$5.38

Valeura Energy

7D

10.5%

1Y

189.2%

EOG

CA$0.30

Eco (Atlantic) Oil & Gas

7D

29.8%

1Y

0%