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Canadian (TSX) Oil and Gas Industry Analysis

UpdatedMay 07, 2025
DataAggregated Company Financials
Companies186
  • 7D-1.1%
  • 3M-6.3%
  • 1Y-5.1%
  • YTD-6.7%

Over the last 7 days, the Oil and Gas industry has dropped 2.0%, driven by a pullback from Canadian Natural Resources of 3.1%. On the other hand Cameco is actually up 5.5%. The industry has fallen 5.5% in the last year. As for the next few years, earnings are expected to grow by 6.6% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 07 May 2025CA$634.6bCA$386.9bCA$39.0b10x16.3x1.6x
Fri, 04 Apr 2025CA$691.7bCA$386.9bCA$38.8b12.5x17.8x1.8x
Sun, 02 Mar 2025CA$658.0bCA$386.2bCA$39.4b11.2x16.7x1.7x
Tue, 28 Jan 2025CA$700.1bCA$388.3bCA$45.0b10.9x15.5x1.8x
Thu, 26 Dec 2024CA$667.2bCA$388.3bCA$45.1b10.3x14.8x1.7x
Sat, 23 Nov 2024CA$722.1bCA$388.1bCA$45.6b11.4x15.8x1.9x
Mon, 21 Oct 2024CA$697.3bCA$386.3bCA$43.7b11.6x16x1.8x
Wed, 18 Sep 2024CA$637.1bCA$386.5bCA$43.8b11.4x14.6x1.6x
Fri, 16 Aug 2024CA$669.8bCA$376.5bCA$43.4b12.1x15.4x1.8x
Sun, 14 Jul 2024CA$653.9bCA$366.0bCA$43.4b11.5x15.1x1.8x
Tue, 11 Jun 2024CA$601.0bCA$366.1bCA$43.4b11.9x13.8x1.6x
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
Price to Earnings Ratio

12x


Total Market Cap: CA$632.8bTotal Earnings: CA$52.7bTotal Revenue: CA$352.1bTotal 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 9.6% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.3% 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 Market0.83%
Energy-1.10%
Oil and Gas-1.15%
Coal and Fuels4.30%
Oil and Gas Refining and Marketing3.56%
Oil and Gas Storage and Transportation-0.71%
Integrated Oil and Gas-2.16%
Oil and Gas Exploration and Production-2.31%
Industry PE
  • Investors are most optimistic about the Oil and Gas Storage and Transportation industry, which is trading close to its 3-year average PE ratio of 23.1x.
    • Analysts are expecting annual earnings growth of 7.2%, which is higher than its past year's earnings decline of 4.5% per year.
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 decline by 2.4% 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
CCO CamecoCA$66.295.5%
+CA$1.5b		-6.6%PE116x
PKI ParklandCA$38.178.0%
+CA$491.8m		-5.9%PE34x
PPL Pembina PipelineCA$53.720.7%
+CA$226.5m		8.6%PE18.1x
TRP TC EnergyCA$69.610.2%
+CA$161.6m		35.3%PE17.3x
PEY Peyto Exploration & DevelopmentCA$18.002.6%
+CA$89.7m		17.6%PE12.8x
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Latest News

PKI

CA$38.17

Parkland

7D

8.0%

1Y

-5.9%

TRP

CA$69.61

TC Energy

7D

0.2%

1Y

35.3%

IMO

CA$94.29

Imperial Oil

7D

-1.9%

1Y

-0.6%

ARX

CA$25.95

ARC Resources

7D

0.08%

1Y

2.2%

CCO

CA$66.29

Cameco

7D

5.5%

1Y

-6.6%

KEY

CA$42.52

Keyera

7D

-1.9%

1Y

22.8%

WCP

CA$7.66

Whitecap Resources

7D

-5.8%

1Y

-25.2%

ENB

CA$63.57

Enbridge

7D

-1.5%

1Y

25.7%

VRN

CA$8.01

Veren

7D

-5.0%

1Y

-34.1%

PEY

CA$18.00

Peyto Exploration & Development

7D

2.6%

1Y

17.6%

Peyto Exploration & Development (TSE:PEY) Will Pay A Dividend Of CA$0.11

Apr 24
Peyto Exploration & Development (TSE:PEY) Will Pay A Dividend Of CA$0.11

CVE

CA$16.33

Cenovus Energy

7D

-2.6%

1Y

-42.3%

Is Cenovus Energy (TSE:CVE) A Risky Investment?

Apr 23
Is Cenovus Energy (TSE:CVE) A Risky Investment?

CNQ

CA$39.28

Canadian Natural Resources

7D

-3.1%

1Y

-25.1%

Does Canadian Natural Resources (TSE:CNQ) Have A Healthy Balance Sheet?

Apr 23
Does Canadian Natural Resources (TSE:CNQ) Have A Healthy Balance Sheet?

SU

CA$48.36

Suncor Energy

7D

-2.2%

1Y

-9.5%

PPL

CA$53.72

Pembina Pipeline

7D

0.7%

1Y

8.6%

NXE

CA$7.43

NexGen Energy

7D

1.9%

1Y

-38.1%

DML

CA$2.03

Denison Mines

7D

3.0%

1Y

-31.2%