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Canadian (TSX) Oil and Gas Industry Analysis

UpdatedAug 10, 2024
DataAggregated Company Financials
Companies189
  • 7D2.4%
  • 3M-3.2%
  • 1Y10.1%
  • YTD11.8%

The Oil and Gas industry is up 2.4% in the last week, with Suncor Energy up 7.0%. During this same period, the Denison Mines underperformed, falling 8.1%. This takes the industry's 12 month performance to a gain of 10%. As for the next few years, earnings are expected to grow by 7.9% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 10 Aug 2024CA$647.2bCA$375.5bCA$43.6b11x14.8x1.7x
Mon, 08 Jul 2024CA$643.7bCA$366.0bCA$43.4b11.9x14.8x1.8x
Wed, 05 Jun 2024CA$655.0bCA$366.1bCA$43.4b12.3x15.1x1.8x
Fri, 03 May 2024CA$654.1bCA$369.0bCA$47.9b9.3x13.7x1.8x
Sun, 31 Mar 2024CA$650.5bCA$367.9bCA$48.3b10.2x13.5x1.8x
Tue, 27 Feb 2024CA$600.7bCA$367.1bCA$49.4b8x12.1x1.6x
Thu, 25 Jan 2024CA$595.7bCA$386.4bCA$47.8b6.6x12.5x1.5x
Sat, 23 Dec 2023CA$600.2bCA$385.9bCA$47.7b6.3x12.6x1.6x
Mon, 20 Nov 2023CA$624.7bCA$387.2bCA$47.9b6.7x13x1.6x
Wed, 18 Oct 2023CA$635.4bCA$401.4bCA$55.6b6.6x11.4x1.6x
Fri, 15 Sep 2023CA$624.2bCA$401.2bCA$55.5b6.6x11.2x1.6x
Sun, 13 Aug 2023CA$603.9bCA$405.3bCA$57.4b6.3x10.5x1.5x
Tue, 11 Jul 2023CA$556.6bCA$436.8bCA$67.5b5.1x8.2x1.3x
Thu, 08 Jun 2023CA$564.0bCA$437.0bCA$67.6b4.8x8.3x1.3x
Sat, 06 May 2023CA$564.6bCA$440.5bCA$68.3b4.8x8.3x1.3x
Mon, 03 Apr 2023CA$564.8bCA$449.9bCA$70.1b4.2x8.1x1.3x
Wed, 01 Mar 2023CA$582.8bCA$445.0bCA$72.7b5x8x1.3x
Fri, 27 Jan 2023CA$615.2bCA$436.8bCA$74.7b5.4x8.2x1.4x
Sun, 25 Dec 2022CA$595.5bCA$437.3bCA$74.8b5.2x8x1.4x
Tue, 22 Nov 2022CA$628.5bCA$437.0bCA$74.5b5.4x8.4x1.4x
Thu, 20 Oct 2022CA$597.9bCA$406.7bCA$65.0b6.2x9.2x1.5x
Sat, 17 Sep 2022CA$598.0bCA$405.7bCA$64.8b6x9.2x1.5x
Mon, 15 Aug 2022CA$601.5bCA$404.5bCA$64.4b5.8x9.3x1.5x
Wed, 13 Jul 2022CA$556.7bCA$352.8bCA$52.8b7x10.5x1.6x
Fri, 10 Jun 2022CA$703.2bCA$352.3bCA$52.8b10.1x13.3x2x
Sun, 08 May 2022CA$658.9bCA$341.1bCA$49.5b8.5x13.3x1.9x
Tue, 05 Apr 2022CA$626.2bCA$311.7bCA$42.4b8.9x14.8x2x
Thu, 03 Mar 2022CA$589.5bCA$300.7bCA$38.3b8.8x15.4x2x
Sat, 29 Jan 2022CA$535.3bCA$269.3bCA$29.1b8.1x18.4x2x
Mon, 27 Dec 2021CA$475.7bCA$269.2bCA$29.1b7.5x16.3x1.8x
Wed, 24 Nov 2021CA$490.9bCA$271.6bCA$29.8b8.7x16.5x1.8x
Fri, 22 Oct 2021CA$498.9bCA$236.5bCA$19.0b11.4x26.2x2.1x
Sun, 19 Sep 2021CA$444.9bCA$236.9bCA$19.0b8.4x23.5x1.9x
Tue, 17 Aug 2021CA$400.7bCA$233.9bCA$18.6b8.1x21.5x1.7x
Price to Earnings Ratio

21.5x


Total Market Cap: CA$400.7bTotal Earnings: CA$18.6bTotal Revenue: CA$233.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Oil and Gas Industry Price to Earnings3Y Average 16.6x202220232024
Current Industry PE
  • Investors are pessimistic on the Canadian Oil and Gas industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 14.8x which is lower than its 3-year average PE of 16.6x.
  • 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 grown 33% per year over the last three years.
  • Revenues for these companies have grown 17% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Canadian Energy industry?

CA Market-0.42%
Energy2.29%
Oil and Gas2.40%
Integrated Oil and Gas4.97%
Oil and Gas Exploration and Production2.33%
Oil and Gas Storage and Transportation1.00%
Oil and Gas Refining and Marketing0.20%
Coal and Fuels0.13%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry even though it's trading below its 3-year average PE ratio of 1kx.
    • Analysts are expecting annual earnings growth of 21.9%, which is lower than the prior year's growth of 38.6% per year.
  • Investors are most pessimistic about the Integrated Oil and Gas industry, which is trading below its 3-year average of 16.4x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings growth rate of 16% per year.
  • In contrast, the Integrated Oil and Gas industry is expected to see its earnings decline by 6.2% 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
SU Suncor EnergyCA$54.487.0%
+CA$4.2b		27.7%PE9.2x
CNQ Canadian Natural ResourcesCA$47.823.4%
+CA$3.3b		14.9%PE13.2x
IMO Imperial OilCA$99.365.1%
+CA$2.6b		33.2%PE10.1x
ENB EnbridgeCA$53.361.4%
+CA$1.6b		8.1%PE21x
CVE Cenovus EnergyCA$25.281.9%
+CA$890.9m		-5.0%PE9.9x
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CCO

CA$54.32

Cameco

7D

3.0%

1Y

16.1%

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DML

CA$2.04

Denison Mines

7D

-8.1%

1Y

10.3%

SU

CA$54.48

Suncor Energy

7D

7.0%

1Y

27.7%

ENB

CA$53.36

Enbridge

7D

1.4%

1Y

8.1%

ISO

CA$2.68

IsoEnergy

7D

-15.2%

1Y

-4.3%

IMO

CA$99.36

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7D

5.1%

1Y

33.2%

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PXT

CA$16.72

Parex Resources

7D

-3.0%

1Y

-33.4%

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HWX

CA$6.57

Headwater Exploration

7D

-2.7%

1Y

-12.3%

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CNQ

CA$47.82

Canadian Natural Resources

7D

3.4%

1Y

14.9%

EFR

CA$6.07

Energy Fuels

7D

-11.1%

1Y

-33.0%

CVE

CA$25.28

Cenovus Energy

7D

1.9%

1Y

-5.0%

TOU

CA$58.28

Tourmaline Oil

7D

2.4%

1Y

-16.4%

ARX

CA$23.51

ARC Resources

7D

2.2%

1Y

13.0%

AAV

CA$8.85

Advantage Energy

7D

-3.1%

1Y

-5.1%

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Aug 01
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EU

CA$4.26

enCore Energy

7D

-11.3%

1Y

25.7%

PIPE

CA$1.94

Pipestone Energy

7D

-13.4%

1Y

-55.7%