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Canadian (TSX) Oil and Gas Industry Analysis

UpdatedJun 05, 2025
DataAggregated Company Financials
Companies187
  • 7D0.2%
  • 3M6.4%
  • 1Y2.4%
  • YTD-2.1%

In the last week, Oil and Gas has been flat. As for the the longer term, the industry is up 4.6% over the past 12 months. As for the next few years, earnings are expected to grow by 6.0% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Jun 2025CA$678.8bCA$394.3bCA$42.8b11.9x15.8x1.7x
Sat, 03 May 2025CA$639.5bCA$387.1bCA$39.0b10.6x16.4x1.7x
Mon, 31 Mar 2025CA$678.4bCA$387.1bCA$38.8b13x17.5x1.8x
Wed, 26 Feb 2025CA$654.0bCA$388.5bCA$39.5b11.1x16.6x1.7x
Fri, 24 Jan 2025CA$706.4bCA$388.3bCA$45.1b11.2x15.7x1.8x
Sun, 22 Dec 2024CA$654.3bCA$388.3bCA$45.1b10.2x14.5x1.7x
Tue, 19 Nov 2024CA$701.7bCA$388.2bCA$45.6b11.1x15.4x1.8x
Thu, 17 Oct 2024CA$684.2bCA$386.3bCA$43.7b11.8x15.7x1.8x
Sat, 14 Sep 2024CA$632.2bCA$386.5bCA$43.8b11.8x14.4x1.6x
Mon, 12 Aug 2024CA$649.9bCA$376.2bCA$43.6b10.5x14.9x1.7x
Wed, 10 Jul 2024CA$641.8bCA$366.0bCA$43.4b11.5x14.8x1.8x
Fri, 07 Jun 2024CA$649.5bCA$366.1bCA$43.4b12.5x15x1.8x
Sun, 05 May 2024CA$659.4bCA$368.9bCA$46.8b9.3x14.1x1.8x
Tue, 02 Apr 2024CA$650.5bCA$368.0bCA$48.4b10.2x13.5x1.8x
Thu, 29 Feb 2024CA$603.8bCA$367.2bCA$49.5b8.1x12.2x1.6x
Sat, 27 Jan 2024CA$605.2bCA$386.2bCA$47.8b6.7x12.7x1.6x
Mon, 25 Dec 2023CA$600.7bCA$385.9bCA$47.7b6.3x12.6x1.6x
Wed, 22 Nov 2023CA$624.6bCA$386.8bCA$47.9b6.7x13x1.6x
Fri, 20 Oct 2023CA$636.3bCA$401.6bCA$55.6b6.6x11.4x1.6x
Sun, 17 Sep 2023CA$633.1bCA$401.2bCA$55.5b6.7x11.4x1.6x
Tue, 15 Aug 2023CA$598.7bCA$405.4bCA$57.4b6.1x10.4x1.5x
Thu, 13 Jul 2023CA$564.0bCA$436.6bCA$67.5b5.2x8.4x1.3x
Sat, 10 Jun 2023CA$566.4bCA$437.0bCA$67.6b4.5x8.4x1.3x
Mon, 08 May 2023CA$564.6bCA$440.6bCA$68.4b4.8x8.2x1.3x
Wed, 05 Apr 2023CA$583.4bCA$449.8bCA$70.0b4.2x8.3x1.3x
Fri, 03 Mar 2023CA$599.0bCA$444.9bCA$72.7b5x8.2x1.3x
Sun, 29 Jan 2023CA$620.0bCA$436.7bCA$74.7b5.4x8.3x1.4x
Tue, 27 Dec 2022CA$595.5bCA$437.3bCA$74.8b5.2x8x1.4x
Thu, 24 Nov 2022CA$639.1bCA$436.8bCA$74.5b5.6x8.6x1.5x
Sat, 22 Oct 2022CA$610.5bCA$406.6bCA$65.0b6.1x9.4x1.5x
Mon, 19 Sep 2022CA$598.0bCA$405.7bCA$64.8b6x9.2x1.5x
Wed, 17 Aug 2022CA$590.9bCA$404.7bCA$64.5b5.6x9.2x1.5x
Fri, 15 Jul 2022CA$553.0bCA$353.1bCA$52.8b6.7x10.5x1.6x
Sun, 12 Jun 2022CA$693.5bCA$352.5bCA$52.8b10x13.1x2x
Price to Earnings Ratio

13.1x


Total Market Cap: CA$693.5bTotal Earnings: CA$52.8bTotal Revenue: CA$352.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Oil and Gas Industry Price to Earnings3Y Average 16x202320242025
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 16.0x.
  • 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 6.7% 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 Market0.38%
Energy0.23%
Oil and Gas0.18%
Oil and Gas Storage and Transportation1.24%
Oil and Gas Refining and Marketing0.26%
Oil and Gas Exploration and Production-0.24%
Integrated Oil and Gas-0.44%
Coal and Fuels-1.96%
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 (5.3%) 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 34% 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
ENB EnbridgeCA$63.891.3%
+CA$1.8b		28.6%PE23.6x
TRP TC EnergyCA$70.271.8%
+CA$1.3b		28.9%PE17.4x
SU Suncor EnergyCA$49.711.7%
+CA$1.0b		-3.9%PE10x
SOBO South BowCA$36.692.0%
+CA$152.0m		n/aPE19.1x
SCR Strathcona ResourcesCA$29.501.7%
+CA$107.1m		-11.0%PE8.9x
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CA$82.01

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7D

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10.4%

SU

CA$49.71

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1.7%

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-3.9%

TOU

CA$62.93

Tourmaline Oil

7D

-1.0%

1Y

-4.3%

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CA$2.25

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7D

-5.1%

1Y

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SCR

CA$29.50

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7D

1.7%

1Y

-11.0%

SOBO

CA$36.69

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7D

2.0%

1Y

n/a

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CA$23.33

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7D

2.3%

1Y

2.3%

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CA$42.31

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CA$63.89

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1.3%

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28.6%

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CA$70.27

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1.8%

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28.9%