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Canadian (TSX) Oil and Gas Industry Analysis

UpdatedMay 19, 2025
DataAggregated Company Financials
Companies182
  • 7D1.5%
  • 3M-0.9%
  • 1Y-1.2%
  • YTD-2.8%

In the last week, the Oil and Gas industry is up 1.5%, with Whitecap Resources up 1.7%. The industry has been flat over the past 12 months despite the gain this week. Earnings are forecast to grow by 5.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 20 May 2025CA$665.6bCA$394.5bCA$42.9b11.4x15.5x1.7x
Thu, 17 Apr 2025CA$612.4bCA$386.8bCA$38.8b11.8x15.8x1.6x
Sat, 15 Mar 2025CA$646.5bCA$387.5bCA$38.2b12.5x16.9x1.7x
Mon, 10 Feb 2025CA$678.3bCA$388.3bCA$42.8b10.9x15.9x1.7x
Wed, 08 Jan 2025CA$692.4bCA$388.3bCA$45.1b11x15.4x1.8x
Fri, 06 Dec 2024CA$699.2bCA$388.2bCA$45.1b10.8x15.5x1.8x
Sun, 03 Nov 2024CA$672.4bCA$388.0bCA$43.4b10.7x15.5x1.7x
Tue, 01 Oct 2024CA$650.2bCA$386.5bCA$43.7b11.6x14.9x1.7x
Thu, 29 Aug 2024CA$666.1bCA$376.5bCA$43.2b11.8x15.4x1.8x
Sat, 27 Jul 2024CA$650.1bCA$366.8bCA$43.4b11.1x15x1.8x
Mon, 24 Jun 2024CA$629.4bCA$366.0bCA$43.4b11.5x14.5x1.7x
Wed, 22 May 2024CA$675.8bCA$367.8bCA$43.9b12.6x15.4x1.8x
Fri, 19 Apr 2024CA$656.1bCA$368.1bCA$48.4b9.4x13.5x1.8x
Sun, 17 Mar 2024CA$630.3bCA$363.5bCA$48.2b9.7x13.1x1.7x
Tue, 13 Feb 2024CA$592.5bCA$381.7bCA$49.8b7.4x11.9x1.6x
Thu, 11 Jan 2024CA$606.7bCA$386.1bCA$47.7b6.7x12.7x1.6x
Sat, 09 Dec 2023CA$593.0bCA$386.5bCA$47.8b6.3x12.4x1.5x
Mon, 06 Nov 2023CA$635.1bCA$394.4bCA$50.2b6.8x12.7x1.6x
Wed, 04 Oct 2023CA$605.7bCA$401.5bCA$55.6b6.1x10.9x1.5x
Fri, 01 Sep 2023CA$610.2bCA$401.1bCA$55.5b6.3x11x1.5x
Sun, 30 Jul 2023CA$573.4bCA$423.2bCA$61.2b5.7x9.4x1.4x
Tue, 27 Jun 2023CA$545.4bCA$436.6bCA$67.4b4.8x8.1x1.2x
Thu, 25 May 2023CA$559.4bCA$437.7bCA$68.0b4.7x8.2x1.3x
Sat, 22 Apr 2023CA$582.9bCA$450.0bCA$70.0b4.2x8.3x1.3x
Mon, 20 Mar 2023CA$532.1bCA$449.7bCA$69.9b4.5x7.6x1.2x
Wed, 15 Feb 2023CA$610.1bCA$437.9bCA$70.2b5.2x8.7x1.4x
Fri, 13 Jan 2023CA$600.6bCA$436.9bCA$74.7b5.1x8x1.4x
Sun, 11 Dec 2022CA$585.8bCA$437.4bCA$74.8b4.7x7.8x1.3x
Tue, 08 Nov 2022CA$644.2bCA$428.2bCA$71.7b6.3x9x1.5x
Thu, 06 Oct 2022CA$602.2bCA$406.5bCA$65.0b6x9.3x1.5x
Sat, 03 Sep 2022CA$606.1bCA$405.3bCA$64.7b6.1x9.4x1.5x
Mon, 01 Aug 2022CA$620.4bCA$378.7bCA$55.2b7.7x11.2x1.6x
Wed, 29 Jun 2022CA$608.9bCA$352.7bCA$52.8b8.3x11.5x1.7x
Fri, 27 May 2022CA$670.7bCA$352.5bCA$52.7b9.2x12.7x1.9x
Price to Earnings Ratio

12.7x


Total Market Cap: CA$670.7bTotal Earnings: CA$52.7bTotal Revenue: CA$352.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Oil and Gas Industry Price to Earnings3Y Average 15.9x202320242025
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 1.7x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 6.6% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.8% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

CA Market1.46%
Energy1.45%
Oil and Gas1.46%
Oil and Gas Refining and Marketing4.59%
Oil and Gas Exploration and Production3.12%
Oil and Gas Storage and Transportation1.45%
Integrated Oil and Gas-0.26%
Coal and Fuels-1.02%
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 23.1x.
    • Analysts expect its future annual earnings growth (5.1%) to be largely in line with prior year's earnings growth.
Forecasted Growth
  • Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 33% over the next 5 years.
  • This is better than its past earnings decline of 36% per year.
  • In contrast, the Integrated Oil and Gas industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
WCP Whitecap ResourcesCA$8.581.7%
+CA$5.6b		-18.1%PE11.5x
TRP TC EnergyCA$69.683.5%
+CA$2.4b		31.6%PE17.3x
MEG MEG EnergyCA$25.2918.1%
+CA$987.1m		-17.1%PE10.4x
ENB EnbridgeCA$62.730.7%
+CA$959.3m		25.4%PE23.2x
SCR Strathcona ResourcesCA$30.2616.0%
+CA$895.5m		-13.7%PE9.2x
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Latest News

WCP

CA$8.58

Whitecap Resources

7D

1.7%

1Y

-18.1%

Whitecap Resources (TSE:WCP) Has Announced A Dividend Of CA$0.0608

May 19
Whitecap Resources (TSE:WCP) Has Announced A Dividend Of CA$0.0608

DML

CA$2.02

Denison Mines

7D

-7.3%

1Y

-34.0%

KEY

CA$42.99

Keyera

7D

-1.0%

1Y

17.0%

ARX

CA$29.15

ARC Resources

7D

5.5%

1Y

13.2%

SCR

CA$30.26

Strathcona Resources

7D

16.0%

1Y

-13.7%

TOU

CA$62.78

Tourmaline Oil

7D

-1.4%

1Y

-6.9%

MEG

CA$25.29

MEG Energy

7D

18.1%

1Y

-17.1%

SOBO

CA$34.65

South Bow

7D

-1.4%

1Y

n/a

PPL

CA$52.56

Pembina Pipeline

7D

1.5%

1Y

4.5%

Newsflash: Pembina Pipeline Corporation (TSE:PPL) Analysts Have Been Trimming Their Revenue Forecasts

May 16
Newsflash: Pembina Pipeline Corporation (TSE:PPL) Analysts Have Been Trimming Their Revenue Forecasts

POU

CA$19.01

Paramount Resources

7D

11.1%

1Y

-41.1%

CNQ

CA$42.90

Canadian Natural Resources

7D

-2.4%

1Y

-18.2%

NXE

CA$7.63

NexGen Energy

7D

-4.3%

1Y

-29.9%

Is NexGen Energy (TSE:NXE) Using Debt Sensibly?

May 14
Is NexGen Energy (TSE:NXE) Using Debt Sensibly?

EFR

CA$6.08

Energy Fuels

7D

-7.0%

1Y

-33.3%

It's Probably Less Likely That Energy Fuels Inc.'s (TSE:EFR) CEO Will See A Huge Pay Rise This Year

May 14
It's Probably Less Likely That Energy Fuels Inc.'s (TSE:EFR) CEO Will See A Huge Pay Rise This Year

ENB

CA$62.73

Enbridge

7D

0.7%

1Y

25.4%

Revenue Beat: Enbridge Inc. Beat Analyst Estimates By 79%

May 13
Revenue Beat: Enbridge Inc. Beat Analyst Estimates By 79%

SU

CA$49.86

Suncor Energy

7D

-0.6%

1Y

-8.6%

TRP

CA$69.68

TC Energy

7D

3.5%

1Y

31.6%