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Canadian (TSX) Oil and Gas Industry Analysis

UpdatedJun 01, 2024
DataAggregated Company Financials
Companies189
  • 7D1.4%
  • 3M9.8%
  • 1Y21.7%
  • YTD16.7%

In the last week, the Oil and Gas industry is up 1.4%, with Cameco leading the way, up 4.5%. During this same period, the Pipestone Energy underperformed, falling 13%. This takes the industry's 12 month performance to a gain of 22%. Looking forward, earnings are forecast to grow by 7.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 01 Jun 2024CA$667.7bCA$366.0bCA$43.4b13x15.4x1.8x
Mon, 29 Apr 2024CA$673.8bCA$368.2bCA$48.2b9.6x14x1.8x
Wed, 27 Mar 2024CA$647.0bCA$363.8bCA$47.9b9.8x13.5x1.8x
Fri, 23 Feb 2024CA$616.0bCA$383.9bCA$52.5b8.3x11.7x1.6x
Sun, 21 Jan 2024CA$594.1bCA$386.2bCA$47.7b6.6x12.4x1.5x
Tue, 19 Dec 2023CA$589.4bCA$386.2bCA$47.7b6.4x12.3x1.5x
Thu, 16 Nov 2023CA$622.7bCA$387.0bCA$48.1b6.7x12.9x1.6x
Sat, 14 Oct 2023CA$631.0bCA$401.5bCA$55.6b6.2x11.3x1.6x
Mon, 11 Sep 2023CA$622.0bCA$401.4bCA$55.6b6.4x11.2x1.5x
Wed, 09 Aug 2023CA$594.6bCA$407.1bCA$58.1b6.1x10.2x1.5x
Fri, 07 Jul 2023CA$548.7bCA$437.0bCA$67.6b4.9x8.1x1.3x
Sun, 04 Jun 2023CA$561.7bCA$437.1bCA$67.6b4.4x8.3x1.3x
Tue, 02 May 2023CA$582.0bCA$446.2bCA$69.7b4.6x8.4x1.3x
Thu, 30 Mar 2023CA$561.6bCA$450.0bCA$70.1b4.1x8x1.2x
Sat, 25 Feb 2023CA$587.5bCA$444.1bCA$73.2b5x8x1.3x
Mon, 23 Jan 2023CA$613.9bCA$436.9bCA$74.7b5.2x8.2x1.4x
Wed, 21 Dec 2022CA$575.3bCA$437.4bCA$74.8b4.7x7.7x1.3x
Fri, 18 Nov 2022CA$633.7bCA$436.9bCA$74.5b5.4x8.5x1.5x
Sun, 16 Oct 2022CA$579.6bCA$406.9bCA$65.1b6.1x8.9x1.4x
Tue, 13 Sep 2022CA$612.4bCA$405.1bCA$64.6b6.1x9.5x1.5x
Thu, 11 Aug 2022CA$583.8bCA$402.3bCA$64.1b5.7x9.1x1.5x
Sat, 09 Jul 2022CA$576.6bCA$352.7bCA$52.7b7.5x10.9x1.6x
Mon, 06 Jun 2022CA$692.9bCA$352.1bCA$52.8b10x13.1x2x
Wed, 04 May 2022CA$646.9bCA$327.6bCA$47.4b8.7x13.7x2x
Fri, 01 Apr 2022CA$617.0bCA$312.0bCA$42.4b8.4x14.6x2x
Sun, 27 Feb 2022CA$562.5bCA$297.7bCA$38.5b7.8x14.6x1.9x
Tue, 25 Jan 2022CA$517.7bCA$269.2bCA$29.1b7.8x17.8x1.9x
Thu, 23 Dec 2021CA$473.1bCA$269.2bCA$29.1b7.4x16.2x1.8x
Sat, 20 Nov 2021CA$499.3bCA$271.7bCA$29.8b8.6x16.8x1.8x
Mon, 18 Oct 2021CA$501.6bCA$236.5bCA$19.0b11.6x26.4x2.1x
Wed, 15 Sep 2021CA$454.0bCA$236.6bCA$19.0b9.6x23.9x1.9x
Fri, 13 Aug 2021CA$409.1bCA$233.9bCA$18.6b8.1x22x1.7x
Tue, 08 Jun 2021CA$416.1bCA$197.3bCA$2.2b9.7x193.2x2.1x
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 17x202220232024
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 17.0x.
  • 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 172% 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-0.37%
Energy1.44%
Oil and Gas1.43%
Coal and Fuels3.54%
Integrated Oil and Gas1.69%
Oil and Gas Exploration and Production1.51%
Oil and Gas Storage and Transportation0.63%
Oil and Gas Refining and Marketing0.34%
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 19.3x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 27% 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 4.5% 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
CCO CamecoCA$75.634.5%
+CA$1.4b		87.3%PE140x
CVE Cenovus EnergyCA$28.412.4%
+CA$1.2b		24.5%PE11.4x
IMO Imperial OilCA$96.302.0%
+CA$996.7m		49.4%PE10.7x
SU Suncor EnergyCA$55.601.0%
+CA$694.4m		41.7%PE9.1x
ENB EnbridgeCA$49.830.6%
+CA$637.8m		-0.9%PE19.2x
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Latest News

ERF

CA$27.40

Enerplus

7D

-0.6%

1Y

38.5%

PEY

CA$15.29

Peyto Exploration & Development

7D

-0.8%

1Y

36.6%

ARX

CA$25.79

ARC Resources

7D

3.0%

1Y

53.1%

CVE

CA$28.41

Cenovus Energy

7D

2.4%

1Y

24.5%

SU

CA$55.60

Suncor Energy

7D

1.0%

1Y

41.7%

IMO

CA$96.30

Imperial Oil

7D

2.0%

1Y

49.4%

TAL

CA$0.78

PetroTal

7D

-3.7%

1Y

5.4%

CCO

CA$75.63

Cameco

7D

4.5%

1Y

87.3%

IPCO

CA$18.21

International Petroleum

7D

-1.5%

1Y

53.8%

These 4 Measures Indicate That International Petroleum (TSE:IPCO) Is Using Debt Reasonably Well

May 24
These 4 Measures Indicate That International Petroleum (TSE:IPCO) Is Using Debt Reasonably Well

SCR

CA$36.69

Strathcona Resources

7D

6.0%

1Y

n/a

ENB

CA$49.83

Enbridge

7D

0.6%

1Y

-0.9%

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

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

SEI

CA$1.36

Sintana Energy

7D

-4.2%

1Y

444.0%

ISO

CA$4.22

IsoEnergy

7D

-0.7%

1Y

48.1%

PSK

CA$27.71

PrairieSky Royalty

7D

7.2%

1Y

15.0%

AFE

CA$0.095

Africa Energy

7D

-9.5%

1Y

-20.8%

PIPE

CA$1.94

Pipestone Energy

7D

-13.4%

1Y

-55.7%