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Canadian (TSX) Oil and Gas Industry Analysis

UpdatedAug 10, 2025
DataAggregated Company Financials
Companies186
  • 7D0.6%
  • 3M6.4%
  • 1Y7.8%
  • YTD2.8%

The Oil and Gas is pretty flat in the last 7 days, but Cameco has stood out, gaining 5.3%. As for the the longer term, the industry is up 7.8% over the past 12 months. Earnings are forecast to grow by 4.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 10 Aug 2025CA$703.3bCA$390.2bCA$44.3b11.8x15.9x1.8x
Tue, 08 Jul 2025CA$684.3bCA$394.3bCA$42.8b11.9x16x1.7x
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
Price to Earnings Ratio

9.2x


Total Market Cap: CA$590.9bTotal Earnings: CA$64.5bTotal Revenue: CA$404.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Oil and Gas Industry Price to Earnings3Y Average 16.3x202320242025
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 16.3x.
  • 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 declined 12% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 Market1.30%
Energy0.60%
Oil and Gas0.60%
Coal and Fuels5.17%
Oil and Gas Refining and Marketing1.27%
Integrated Oil and Gas0.98%
Oil and Gas Storage and Transportation0.79%
Oil and Gas Exploration and Production-1.20%
Industry PE
  • Investors are most optimistic about the Oil and Gas Refining and Marketing industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 23.7%, which is higher than its past year's earnings decline of 43.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 26% over the next 5 years.
  • However this is lower than its past earnings growth rate of 107% 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
CCO CamecoCA$106.005.3%
+CA$2.3b		95.1%PE86.5x
ENB EnbridgeCA$64.691.5%
+CA$2.1b		21.2%PE22.7x
IMO Imperial OilCA$117.652.4%
+CA$1.4b		18.4%PE12.7x
TRP TC EnergyCA$67.971.8%
+CA$1.3b		14.3%PE16.6x
NXE NexGen EnergyCA$9.455.8%
+CA$298.7m		23.5%PB5.3x

Latest News

KEY
CA$42.75
Keyera
7D
-2.1%
1Y
9.3%

Keyera (TSE:KEY) Is Paying Out A Larger Dividend Than Last Year

Aug 10
Keyera (TSE:KEY) Is Paying Out A Larger Dividend Than Last Year
SCR
CA$33.94
Strathcona Resources
7D
2.9%
1Y
14.0%
VET
CA$10.34
Vermilion Energy
7D
-5.8%
1Y
-24.0%
CNQ
CA$41.71
Canadian Natural Resources
7D
-2.4%
1Y
-12.8%
PPL
CA$48.90
Pembina Pipeline
7D
-4.7%
1Y
-7.9%
SU
CA$53.94
Suncor Energy
7D
0.1%
1Y
-1.0%
SOBO
CA$37.68
South Bow
7D
3.6%
1Y
n/a
EFR
CA$13.13
Energy Fuels
7D
7.3%
1Y
116.3%
IMO
CA$117.65
Imperial Oil
7D
2.4%
1Y
18.4%

Imperial Oil Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Aug 07
Imperial Oil Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
TRP
CA$67.97
TC Energy
7D
1.8%
1Y
14.3%
ENB
CA$64.69
Enbridge
7D
1.5%
1Y
21.2%
CCO
CA$106.00
Cameco
7D
5.3%
1Y
95.1%
ARX
CA$27.14
ARC Resources
7D
-0.8%
1Y
15.4%
NXE
CA$9.45
NexGen Energy
7D
5.8%
1Y
23.5%
MEG
CA$25.96
MEG Energy
7D
-2.4%
1Y
-3.4%
WCP
CA$10.11
Whitecap Resources
7D
-1.9%
1Y
1.2%