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Canadian (TSX) Oil and Gas Industry Analysis

UpdatedNov 12, 2024
DataAggregated Company Financials
Companies191
  • 7D1.8%
  • 3M2.5%
  • 1Y13.4%
  • YTD17.2%

The Oil and Gas industry is up 1.8% in the last week, with Enbridge up 4.8%. In the last 12 months, the industry was up 13%. Looking forward, earnings are forecast to grow by 5.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 12 Nov 2024CA$689.0bCA$387.4bCA$45.2b10.8x15.2x1.8x
Thu, 10 Oct 2024CA$684.2bCA$386.3bCA$43.7b11.9x15.7x1.8x
Sat, 07 Sep 2024CA$634.8bCA$386.5bCA$43.8b11.3x14.5x1.6x
Mon, 05 Aug 2024CA$635.1bCA$375.4bCA$44.5b10.3x14.3x1.7x
Wed, 03 Jul 2024CA$644.2bCA$366.0bCA$43.4b12.1x14.9x1.8x
Fri, 31 May 2024CA$673.3bCA$368.1bCA$43.9b12.9x15.3x1.8x
Sun, 28 Apr 2024CA$673.8bCA$368.2bCA$48.2b9.6x14x1.8x
Tue, 26 Mar 2024CA$639.1bCA$363.5bCA$47.8b9.4x13.4x1.8x
Thu, 22 Feb 2024CA$603.2bCA$383.9bCA$52.8b7.5x11.4x1.6x
Sat, 20 Jan 2024CA$594.1bCA$386.2bCA$47.7b6.6x12.4x1.5x
Mon, 18 Dec 2023CA$589.4bCA$386.1bCA$47.7b6.3x12.4x1.5x
Wed, 15 Nov 2023CA$624.7bCA$387.0bCA$48.1b6.5x13x1.6x
Fri, 13 Oct 2023CA$621.7bCA$401.5bCA$55.6b6.1x11.2x1.5x
Sun, 10 Sep 2023CA$622.0bCA$401.4bCA$55.6b6.4x11.2x1.5x
Tue, 08 Aug 2023CA$589.5bCA$407.1bCA$58.2b6x10.1x1.4x
Thu, 06 Jul 2023CA$558.0bCA$436.8bCA$67.5b5x8.3x1.3x
Sat, 03 Jun 2023CA$561.7bCA$437.2bCA$67.6b4.7x8.3x1.3x
Mon, 01 May 2023CA$587.2bCA$446.0bCA$68.7b4.7x8.5x1.3x
Wed, 29 Mar 2023CA$552.8bCA$450.0bCA$70.1b4.1x7.9x1.2x
Fri, 24 Feb 2023CA$579.7bCA$444.2bCA$73.2b4.9x7.9x1.3x
Sun, 22 Jan 2023CA$611.6bCA$436.9bCA$74.7b5.2x8.2x1.4x
Tue, 20 Dec 2022CA$569.4bCA$437.4bCA$74.8b4.7x7.6x1.3x
Thu, 17 Nov 2022CA$637.5bCA$436.8bCA$74.4b5.4x8.6x1.5x
Sat, 15 Oct 2022CA$579.2bCA$406.9bCA$65.1b6.1x8.9x1.4x
Mon, 12 Sep 2022CA$601.8bCA$405.2bCA$64.7b6x9.3x1.5x
Wed, 10 Aug 2022CA$577.4bCA$402.4bCA$64.0b5.7x9x1.4x
Fri, 08 Jul 2022CA$578.8bCA$352.8bCA$52.8b7.2x11x1.6x
Sun, 05 Jun 2022CA$692.9bCA$352.1bCA$52.8b10x13.1x2x
Tue, 03 May 2022CA$628.4bCA$326.0bCA$47.0b8.6x13.4x1.9x
Thu, 31 Mar 2022CA$616.8bCA$311.9bCA$42.4b8.7x14.5x2x
Sat, 26 Feb 2022CA$553.1bCA$297.0bCA$33.4b7.5x16.5x1.9x
Mon, 24 Jan 2022CA$517.7bCA$269.0bCA$29.1b7.9x17.8x1.9x
Wed, 22 Dec 2021CA$469.4bCA$269.3bCA$29.1b7.1x16.1x1.7x
Fri, 19 Nov 2021CA$499.3bCA$271.7bCA$29.8b8.6x16.8x1.8x
Price to Earnings Ratio

16.8x


Total Market Cap: CA$499.3bTotal Earnings: CA$29.8bTotal Revenue: CA$271.7bTotal 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 Market1.67%
Energy1.92%
Oil and Gas1.84%
Oil and Gas Refining and Marketing3.34%
Coal and Fuels2.72%
Oil and Gas Storage and Transportation2.68%
Integrated Oil and Gas2.06%
Oil and Gas Exploration and Production0.46%
Industry PE
  • Investors are most optimistic about the Oil and Gas Storage and Transportation industry even though it's trading below its 3-year average PE ratio of 23.8x.
    • Analysts are expecting annual earnings growth of 5.7%, which is lower than the prior year's growth of 27.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings decline of 71% per year.
  • In contrast, the Integrated Oil and Gas industry is expected to see its earnings decline by 4.8% 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
ENB EnbridgeCA$59.544.8%
+CA$6.0b		30.7%PE20.6x
TRP TC EnergyCA$69.105.3%
+CA$3.6b		38.7%PE14.1x
IMO Imperial OilCA$102.695.2%
+CA$2.6b		32.0%PE10.9x
ARX ARC ResourcesCA$24.958.9%
+CA$1.2b		13.6%PE11.7x
SU Suncor EnergyCA$54.071.7%
+CA$1.1b		17.6%PE9x
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PKI

CA$33.42

Parkland

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5.5%

1Y

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MEG

CA$25.84

MEG Energy

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1Y

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ATH

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WCP

CA$10.30

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1Y

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SU

CA$54.07

Suncor Energy

7D

1.7%

1Y

17.6%

PIPE

CA$1.94

Pipestone Energy

7D

-13.4%

1Y

-55.7%