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Canadian (TSX) Oil and Gas Industry Analysis

UpdatedMay 14, 2025
DataAggregated Company Financials
Companies181
  • 7D4.9%
  • 3M-2.5%
  • 1Y0.7%
  • YTD-2.2%

The Oil and Gas industry is up 4.2% in the last week, with Canadian Natural Resources up 14%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are expected to grow by 5.4% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 14 May 2025CA$655.7bCA$394.1bCA$41.4b10.8x15.8x1.7x
Fri, 11 Apr 2025CA$613.3bCA$386.9bCA$38.8b10.7x15.8x1.6x
Sun, 09 Mar 2025CA$637.8bCA$387.4bCA$38.6b10.7x16.5x1.6x
Tue, 04 Feb 2025CA$676.5bCA$388.1bCA$44.9b10.4x15.1x1.7x
Thu, 02 Jan 2025CA$676.1bCA$388.3bCA$45.1b10.7x15x1.7x
Sat, 30 Nov 2024CA$705.2bCA$388.1bCA$45.1b10.8x15.6x1.8x
Mon, 28 Oct 2024CA$693.9bCA$386.3bCA$43.8b11.3x15.9x1.8x
Wed, 25 Sep 2024CA$650.5bCA$386.4bCA$43.7b11.7x14.9x1.7x
Fri, 23 Aug 2024CA$659.3bCA$376.5bCA$43.3b11.9x15.2x1.8x
Sun, 21 Jul 2024CA$651.6bCA$366.3bCA$43.4b11.5x15x1.8x
Tue, 18 Jun 2024CA$631.0bCA$366.1bCA$43.4b11.6x14.5x1.7x
Thu, 16 May 2024CA$667.7bCA$367.8bCA$44.3b11x15.1x1.8x
Sat, 13 Apr 2024CA$673.8bCA$368.1bCA$48.4b10.1x13.9x1.8x
Mon, 11 Mar 2024CA$618.8bCA$365.0bCA$48.6b8.5x12.7x1.7x
Wed, 07 Feb 2024CA$588.7bCA$384.4bCA$47.2b6.5x12.5x1.5x
Fri, 05 Jan 2024CA$609.8bCA$386.1bCA$47.7b6.7x12.8x1.6x
Sun, 03 Dec 2023CA$621.8bCA$386.3bCA$47.8b6.6x13x1.6x
Tue, 31 Oct 2023CA$618.6bCA$400.5bCA$54.9b6.3x11.3x1.5x
Thu, 28 Sep 2023CA$628.3bCA$401.2bCA$55.5b6.6x11.3x1.6x
Sat, 26 Aug 2023CA$593.6bCA$401.3bCA$55.5b6.1x10.7x1.5x
Mon, 24 Jul 2023CA$573.5bCA$436.6bCA$67.4b5.3x8.5x1.3x
Wed, 21 Jun 2023CA$547.0bCA$436.7bCA$67.5b4.3x8.1x1.3x
Fri, 19 May 2023CA$551.5bCA$438.2bCA$67.9b4.7x8.1x1.3x
Sun, 16 Apr 2023CA$595.3bCA$449.6bCA$69.9b4.4x8.5x1.3x
Tue, 14 Mar 2023CA$568.0bCA$449.6bCA$70.3b4.2x8.1x1.3x
Thu, 09 Feb 2023CA$599.9bCA$439.5bCA$75.7b5.2x7.9x1.4x
Sat, 07 Jan 2023CA$580.1bCA$437.0bCA$74.7b4.8x7.8x1.3x
Mon, 05 Dec 2022CA$625.5bCA$437.0bCA$74.7b5.3x8.4x1.4x
Wed, 02 Nov 2022CA$635.8bCA$413.2bCA$65.5b6.5x9.7x1.5x
Fri, 30 Sep 2022CA$554.0bCA$406.5bCA$65.0b5.6x8.5x1.4x
Sun, 28 Aug 2022CA$625.6bCA$405.1bCA$64.7b6.4x9.7x1.5x
Tue, 26 Jul 2022CA$580.3bCA$352.7bCA$52.8b7.5x11x1.6x
Thu, 23 Jun 2022CA$593.5bCA$352.8bCA$52.8b8.3x11.2x1.7x
Sat, 21 May 2022CA$651.1bCA$352.3bCA$52.7b8.6x12.4x1.8x
Price to Earnings Ratio

12.4x


Total Market Cap: CA$651.1bTotal Earnings: CA$52.7bTotal Revenue: CA$352.3bTotal 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 1.6x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 7.5% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.2% 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 Market2.30%
Energy4.92%
Oil and Gas4.87%
Oil and Gas Exploration and Production11.23%
Integrated Oil and Gas9.34%
Coal and Fuels7.99%
Oil and Gas Refining and Marketing5.46%
Oil and Gas Storage and Transportation-2.23%
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 (4.9%) 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 32% 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
CNQ Canadian Natural ResourcesCA$44.9314.4%
+CA$11.6b		-13.2%PE12.4x
CVE Cenovus EnergyCA$19.4519.1%
+CA$5.5b		-29.4%PE12.6x
IMO Imperial OilCA$102.528.7%
+CA$4.2b		8.9%PE10.7x
SU Suncor EnergyCA$50.765.0%
+CA$2.9b		-5.1%PE10.2x
CCO CamecoCA$72.419.2%
+CA$2.7b		6.2%PE126.8x
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Latest News

TOU

CA$65.26

Tourmaline Oil

7D

6.0%

1Y

-0.5%

ENB

CA$62.12

Enbridge

7D

-2.3%

1Y

23.0%

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

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

SU

CA$50.76

Suncor Energy

7D

5.0%

1Y

-5.1%

WCP

CA$8.71

Whitecap Resources

7D

13.7%

1Y

-14.9%

TWM

CA$0.21

Tidewater Midstream and Infrastructure

7D

-25.0%

1Y

-66.1%

CNQ

CA$44.93

Canadian Natural Resources

7D

14.4%

1Y

-13.2%

CVE

CA$19.45

Cenovus Energy

7D

19.1%

1Y

-29.4%

CCO

CA$72.41

Cameco

7D

9.2%

1Y

6.2%

PPL

CA$51.83

Pembina Pipeline

7D

-3.5%

1Y

2.4%

TRP

CA$67.66

TC Energy

7D

-2.8%

1Y

28.1%

IMO

CA$102.52

Imperial Oil

7D

8.7%

1Y

8.9%

Earnings Beat: Imperial Oil Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

May 08
Earnings Beat: Imperial Oil Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

KEI

CA$8.64

Kolibri Global Energy

7D

-3.5%

1Y

106.7%

ARX

CA$27.81

ARC Resources

7D

7.2%

1Y

10.4%

ZEFI

CA$0.28

Zefiro Methane

7D

-28.7%

1Y

-83.1%

AFE

CA$0.035

Africa Energy

7D

-12.5%

1Y

-65.0%

QEC

CA$0.23

Questerre Energy

7D

-11.5%

1Y

4.5%

Some Questerre Energy Corporation (TSE:QEC) Shareholders Look For Exit As Shares Take 26% Pounding

Apr 24
Some Questerre Energy Corporation (TSE:QEC) Shareholders Look For Exit As Shares Take 26% Pounding