Header cover image

Canadian (TSX) Oil and Gas Industry Analysis

UpdatedJun 10, 2024
DataAggregated Company Financials
Companies190
  • 7D-4.3%
  • 3M4.9%
  • 1Y15.7%
  • YTD11.7%

Over the last 7 days, the Oil and Gas industry has dropped 4.3%, driven by a pullback from Canadian Natural Resources of 3.2%. In the past year, the industry has gained 16%. As for the next few years, earnings are expected to grow by 7.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 11 Jun 2024CA$647.6bCA$366.1bCA$43.4b12.2x14.9x1.8x
Thu, 09 May 2024CA$672.5bCA$368.9bCA$46.1b10x14.6x1.8x
Sat, 06 Apr 2024CA$671.2bCA$368.0bCA$48.4b10.8x13.9x1.8x
Mon, 04 Mar 2024CA$619.7bCA$365.7bCA$49.6b8x12.5x1.7x
Wed, 31 Jan 2024CA$606.6bCA$386.2bCA$47.7b6.6x12.7x1.6x
Fri, 29 Dec 2023CA$604.3bCA$385.9bCA$47.7b6.6x12.7x1.6x
Sun, 26 Nov 2023CA$620.8bCA$386.6bCA$47.8b6.9x13x1.6x
Tue, 24 Oct 2023CA$622.4bCA$401.5bCA$55.6b6.3x11.2x1.6x
Thu, 21 Sep 2023CA$618.3bCA$401.1bCA$55.5b6.4x11.1x1.5x
Sat, 19 Aug 2023CA$594.4bCA$401.2bCA$55.5b6.1x10.7x1.5x
Mon, 17 Jul 2023CA$558.9bCA$436.7bCA$67.5b5x8.3x1.3x
Wed, 14 Jun 2023CA$562.6bCA$436.9bCA$67.5b4.5x8.3x1.3x
Fri, 12 May 2023CA$556.3bCA$440.0bCA$68.3b4.4x8.1x1.3x
Sun, 09 Apr 2023CA$580.4bCA$450.0bCA$70.0b4.2x8.3x1.3x
Tue, 07 Mar 2023CA$603.7bCA$448.1bCA$69.6b5x8.7x1.3x
Thu, 02 Feb 2023CA$600.1bCA$439.1bCA$75.6b5.2x7.9x1.4x
Sat, 31 Dec 2022CA$588.9bCA$437.2bCA$74.8b5.1x7.9x1.3x
Mon, 28 Nov 2022CA$641.8bCA$436.8bCA$74.7b5.6x8.6x1.5x
Wed, 26 Oct 2022CA$614.0bCA$405.9bCA$65.0b6.1x9.4x1.5x
Fri, 23 Sep 2022CA$582.7bCA$406.1bCA$64.9b5.7x9x1.4x
Sun, 21 Aug 2022CA$603.2bCA$405.0bCA$64.5b6.2x9.4x1.5x
Tue, 19 Jul 2022CA$556.1bCA$352.9bCA$52.8b7x10.5x1.6x
Thu, 16 Jun 2022CA$649.7bCA$352.8bCA$52.9b9.2x12.3x1.8x
Sat, 14 May 2022CA$632.8bCA$352.1bCA$52.7b7.7x12x1.8x
Mon, 11 Apr 2022CA$636.0bCA$311.9bCA$42.4b9.3x15x2x
Wed, 09 Mar 2022CA$608.7bCA$310.9bCA$42.6b7.7x14.3x2x
Fri, 04 Feb 2022CA$552.7bCA$275.5bCA$31.0b8.7x17.8x2x
Sun, 02 Jan 2022CA$479.0bCA$269.0bCA$29.1b7.4x16.4x1.8x
Tue, 30 Nov 2021CA$487.2bCA$271.8bCA$29.9b7.6x16.3x1.8x
Thu, 28 Oct 2021CA$497.1bCA$236.5bCA$19.1b11.4x26.1x2.1x
Sat, 25 Sep 2021CA$455.4bCA$236.9bCA$19.0b9.6x24x1.9x
Mon, 23 Aug 2021CA$401.0bCA$233.9bCA$18.6b8.3x21.5x1.7x
Sat, 10 Jul 2021CA$442.2bCA$233.9bCA$18.6b8.2x23.8x1.9x
Price to Earnings Ratio

23.8x


Total Market Cap: CA$442.2bTotal Earnings: CA$18.6bTotal Revenue: CA$233.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Oil and Gas Industry Price to Earnings3Y Average 16.9x202220232024
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 14.9x which is lower than its 3-year average PE of 16.9x.
  • 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 33% per year over the last three years.
  • Revenues for these companies have grown 16% 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-1.35%
Energy-4.17%
Oil and Gas-4.26%
Oil and Gas Storage and Transportation0.35%
Oil and Gas Refining and Marketing-0.48%
Coal and Fuels-5.64%
Oil and Gas Exploration and Production-5.77%
Integrated Oil and Gas-7.23%
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 9.0%, which is lower than the prior year's growth of 358.2% per year.
  • Investors are most pessimistic about the Integrated Oil and Gas industry, which is trading below its 3-year average of 19.2x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings growth rate of 17% per year.
  • In contrast, the Integrated Oil and Gas industry is expected to see its earnings decline by 4.4% 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
TRP TC EnergyCA$53.732.7%
+CA$1.5b		-1.6%PE20.5x
PPL Pembina PipelineCA$51.302.0%
+CA$591.1m		22.5%PE17.3x
TOU Tourmaline OilCA$67.461.4%
+CA$316.5m		13.1%PE13.7x
KEY KeyeraCA$36.782.3%
+CA$190.2m		17.8%PE23.6x
PKI ParklandCA$39.572.7%
+CA$181.7m		17.6%PE17.8x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlansLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & Enterprise
Financial Services GuideTerms and ConditionsPrivacy Policy
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

PPL

CA$51.30

Pembina Pipeline

7D

2.0%

1Y

22.5%

CNQ

CA$48.81

Canadian Natural Resources

7D

-51.2%

1Y

-33.6%

TOU

CA$67.46

Tourmaline Oil

7D

1.4%

1Y

13.1%

KEY

CA$36.78

Keyera

7D

2.3%

1Y

17.8%

POU

CA$32.65

Paramount Resources

7D

3.6%

1Y

11.8%

TRP

CA$53.73

TC Energy

7D

2.7%

1Y

-1.6%

ENB

CA$49.08

Enbridge

7D

-1.2%

1Y

-2.0%

MEG

CA$28.68

MEG Energy

7D

2.0%

1Y

38.8%

Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly

Jun 04
Here's Why MEG Energy (TSE:MEG) Can Manage Its Debt Responsibly

EU

CA$5.67

enCore Energy

7D

-12.6%

1Y

55.3%

NXE

CA$9.70

NexGen Energy

7D

-5.4%

1Y

56.7%

SU

CA$52.51

Suncor Energy

7D

-0.8%

1Y

32.1%

IMO

CA$90.49

Imperial Oil

7D

-0.3%

1Y

37.4%

EFR

CA$8.41

Energy Fuels

7D

-9.6%

1Y

-3.8%

After Leaping 25% Energy Fuels Inc. (TSE:EFR) Shares Are Not Flying Under The Radar

May 23
After Leaping 25% Energy Fuels Inc. (TSE:EFR) Shares Are Not Flying Under The Radar

WCP

CA$10.40

Whitecap Resources

7D

2.8%

1Y

11.2%

DML

CA$2.92

Denison Mines

7D

-9.6%

1Y

73.8%

PKI

CA$39.57

Parkland

7D

2.7%

1Y

17.6%