Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Canadian (TSX) Oil and Gas Industry Analysis

UpdatedAug 24, 2025
DataAggregated Company Financials
Companies186
  • 7D2.7%
  • 3M8.0%
  • 1Y8.2%
  • YTD6.0%

In the last week, the Oil and Gas industry is up 2.7%, with Canadian Natural Resources leading the way with a 4.5% gain. In the last 12 months, the industry was up 8.2%. As for the next few years, earnings are expected to grow by 3.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 24 Aug 2025CA$725.2bCA$390.7bCA$43.8b12.2x16.6x1.9x
Tue, 22 Jul 2025CA$696.0bCA$394.3bCA$42.8b11.7x16.3x1.8x
Thu, 19 Jun 2025CA$756.3bCA$394.4bCA$42.8b13x17.7x1.9x
Sat, 17 May 2025CA$665.3bCA$394.5bCA$42.9b11.2x15.5x1.7x
Mon, 14 Apr 2025CA$603.1bCA$386.7bCA$38.8b10.5x15.5x1.6x
Wed, 12 Mar 2025CA$641.6bCA$387.5bCA$38.4b11x16.7x1.7x
Fri, 07 Feb 2025CA$682.0bCA$388.0bCA$42.9b10.7x15.9x1.8x
Sun, 05 Jan 2025CA$691.1bCA$388.4bCA$45.1b10.9x15.3x1.8x
Tue, 03 Dec 2024CA$707.7bCA$388.2bCA$45.1b10.9x15.7x1.8x
Thu, 31 Oct 2024CA$681.3bCA$386.3bCA$43.8b11.2x15.6x1.8x
Sat, 28 Sep 2024CA$638.3bCA$386.5bCA$43.7b11.4x14.6x1.7x
Mon, 26 Aug 2024CA$668.0bCA$376.5bCA$43.3b12.1x15.4x1.8x
Wed, 24 Jul 2024CA$657.8bCA$366.3bCA$43.4b11.6x15.2x1.8x
Fri, 21 Jun 2024CA$632.1bCA$366.0bCA$43.4b11.7x14.6x1.7x
Sun, 19 May 2024CA$675.8bCA$367.7bCA$43.9b12.6x15.4x1.8x
Tue, 16 Apr 2024CA$667.2bCA$368.1bCA$48.4b9.9x13.8x1.8x
Thu, 14 Mar 2024CA$624.2bCA$364.0bCA$48.7b9.1x12.8x1.7x
Sat, 10 Feb 2024CA$587.3bCA$384.2bCA$47.0b7.3x12.5x1.5x
Mon, 08 Jan 2024CA$612.2bCA$386.1bCA$47.7b6.7x12.8x1.6x
Wed, 06 Dec 2023CA$618.1bCA$386.5bCA$47.8b6.4x12.9x1.6x
Fri, 03 Nov 2023CA$629.6bCA$399.9bCA$52.3b6.7x12x1.6x
Sun, 01 Oct 2023CA$621.5bCA$401.3bCA$55.6b6.5x11.2x1.5x
Tue, 29 Aug 2023CA$593.6bCA$401.3bCA$55.5b6.1x10.7x1.5x
Thu, 27 Jul 2023CA$579.0bCA$436.4bCA$67.1b5.3x8.6x1.3x
Sat, 24 Jun 2023CA$535.8bCA$437.9bCA$68.2b4.2x7.9x1.2x
Mon, 22 May 2023CA$555.8bCA$437.5bCA$67.9b4.8x8.2x1.3x
Wed, 19 Apr 2023CA$591.0bCA$449.7bCA$69.9b4.3x8.5x1.3x
Fri, 17 Mar 2023CA$539.2bCA$449.7bCA$70.2b4.1x7.7x1.2x
Sun, 12 Feb 2023CA$610.2bCA$438.6bCA$75.6b5.2x8.1x1.4x
Tue, 10 Jan 2023CA$584.6bCA$436.9bCA$74.7b4.8x7.8x1.3x
Thu, 08 Dec 2022CA$593.7bCA$437.4bCA$74.8b4.8x7.9x1.4x
Sat, 05 Nov 2022CA$644.5bCA$419.6bCA$68.7b6.6x9.4x1.5x
Mon, 03 Oct 2022CA$551.6bCA$406.6bCA$65.0b5.7x8.5x1.4x
Wed, 31 Aug 2022CA$617.8bCA$405.3bCA$64.7b6.2x9.5x1.5x
Price to Earnings Ratio

9.5x


Total Market Cap: CA$617.8bTotal Earnings: CA$64.7bTotal Revenue: CA$405.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Oil and Gas Industry Price to Earnings3Y Average 16.4x202320242025
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 16.4x.
  • The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.9x.
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 Market1.67%
Energy2.77%
Oil and Gas2.72%
Integrated Oil and Gas4.99%
Oil and Gas Exploration and Production3.04%
Oil and Gas Storage and Transportation1.73%
Oil and Gas Refining and Marketing0.71%
Coal and Fuels0.31%
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 23.8%, which is higher than its past year's earnings decline of 43.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings decline of 43% per year.
  • In contrast, the Oil and Gas Exploration and Production 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$43.074.5%
+CA$3.8b		-12.5%PE10.8x
CVE Cenovus EnergyCA$22.689.2%
+CA$3.4b		-11.9%PE15.4x
ENB EnbridgeCA$66.332.0%
+CA$2.9b		23.8%PE23.2x
IMO Imperial OilCA$120.774.6%
+CA$2.7b		17.4%PE13.1x
SU Suncor EnergyCA$55.282.9%
+CA$1.9b		0.2%PE11.8x

Latest News

CVE
CA$22.68
Cenovus Energy
7D
9.2%
1Y
-11.9%
TOU
CA$57.40
Tourmaline Oil
7D
-0.2%
1Y
-8.4%
EU
CA$3.27
enCore Energy
7D
-14.2%
1Y
-33.3%

With A 26% Price Drop For enCore Energy Corp. (CVE:EU) You'll Still Get What You Pay For

Aug 21
With A 26% Price Drop For enCore Energy Corp. (CVE:EU) You'll Still Get What You Pay For
PEY
CA$19.02
Peyto Exploration & Development
7D
-0.5%
1Y
29.6%

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

Aug 21
Peyto Exploration & Development (TSE:PEY) Will Pay A Dividend Of CA$0.11
CNQ
CA$43.07
Canadian Natural Resources
7D
4.5%
1Y
-12.5%
SU
CA$55.28
Suncor Energy
7D
2.9%
1Y
0.2%
KEY
CA$45.45
Keyera
7D
3.1%
1Y
13.5%
SCR
CA$38.92
Strathcona Resources
7D
5.7%
1Y
24.7%

Impressive Earnings May Not Tell The Whole Story For Strathcona Resources (TSE:SCR)

Aug 15
Impressive Earnings May Not Tell The Whole Story For Strathcona Resources (TSE:SCR)
FO
CA$0.13
Falcon Oil & Gas
7D
-7.1%
1Y
36.8%
ENB
CA$66.33
Enbridge
7D
2.0%
1Y
23.8%
ARX
CA$26.90
ARC Resources
7D
-0.6%
1Y
5.8%
SOBO
CA$38.03
South Bow
7D
-0.5%
1Y
n/a
IMO
CA$120.77
Imperial Oil
7D
4.6%
1Y
17.4%
PPL
CA$52.64
Pembina Pipeline
7D
3.9%
1Y
-2.2%
PKI
CA$38.60
Parkland
7D
-0.3%
1Y
7.3%
CCO
CA$103.61
Cameco
7D
-0.8%
1Y
79.9%