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U.K. (FTSE) Energy Sector Analysis

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies67
  • 7D-1.7%
  • 3M29.0%
  • 1Y56.9%
  • YTD28.9%

Over the last 7 days, the Energy industry has dropped 2.9%, driven by a pullback from Shell of 2.0%. In contrast, DCC has gained 6.6%. In the past year, the industry has gained 55%. As for the next few years, earnings are expected to grow by 11% per annum.

Sector Valuation and Performance

Has the U.K. Energy Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 14 Apr 2026UK£308.7bUK£370.1bUK£13.3b13.6x23.2x0.8x
Thu, 12 Mar 2026UK£287.0bUK£373.3bUK£13.4b11.2x21.5x0.8x
Sat, 07 Feb 2026UK£248.7bUK£357.7bUK£12.6b10.3x19.7x0.7x
Mon, 05 Jan 2026UK£240.3bUK£358.2bUK£10.4b9.4x23.1x0.7x
Wed, 03 Dec 2025UK£244.8bUK£365.9bUK£10.6b9.1x23.1x0.7x
Fri, 31 Oct 2025UK£252.3bUK£365.0bUK£10.3b12.9x24.4x0.7x
Sun, 28 Sep 2025UK£243.6bUK£357.6bUK£10.1b11.7x24.2x0.7x
Tue, 26 Aug 2025UK£239.7bUK£358.1bUK£11.1b11.5x21.5x0.7x
Thu, 24 Jul 2025UK£234.8bUK£361.4bUK£8.3b8.8x28.2x0.6x
Sat, 21 Jun 2025UK£235.4bUK£365.0bUK£8.4b9.3x28x0.6x
Mon, 19 May 2025UK£221.7bUK£369.6bUK£8.7b9.1x25.6x0.6x
Wed, 16 Apr 2025UK£211.6bUK£374.3bUK£11.8b8.6x17.9x0.6x
Fri, 14 Mar 2025UK£240.2bUK£382.7bUK£12.2b8.5x19.6x0.6x
Sun, 09 Feb 2025UK£245.4bUK£402.0bUK£14.9b8.2x16.4x0.6x
Tue, 07 Jan 2025UK£240.8bUK£408.4bUK£14.4b8.1x16.7x0.6x
Thu, 05 Dec 2024UK£232.6bUK£403.0bUK£14.6b8.3x15.9x0.6x
Sat, 02 Nov 2024UK£235.4bUK£396.7bUK£14.4b8.2x16.4x0.6x
Mon, 30 Sep 2024UK£229.1bUK£391.4bUK£19.5b8.4x11.8x0.6x
Wed, 28 Aug 2024UK£255.1bUK£394.9bUK£19.5b11.9x13.1x0.6x
Fri, 26 Jul 2024UK£261.8bUK£408.5bUK£21.8b11.3x12x0.6x
Sun, 23 Jun 2024UK£267.3bUK£415.2bUK£22.2b9.3x12x0.6x
Tue, 21 May 2024UK£273.6bUK£413.4bUK£22.2b10x12.3x0.7x
Thu, 18 Apr 2024UK£280.7bUK£439.8bUK£28.7b7.2x9.8x0.6x
Sat, 16 Mar 2024UK£258.0bUK£430.7bUK£27.0b6.8x9.6x0.6x
Mon, 12 Feb 2024UK£253.5bUK£435.1bUK£26.3b6.7x9.6x0.6x
Wed, 10 Jan 2024UK£273.6bUK£620.0bUK£62.3b4.1x4.4x0.4x
Fri, 08 Dec 2023UK£273.4bUK£625.1bUK£62.8b4.6x4.4x0.4x
Sun, 05 Nov 2023UK£292.0bUK£633.0bUK£63.3b4.6x4.6x0.5x
Tue, 03 Oct 2023UK£299.2bUK£659.7bUK£58.2b5.4x5.1x0.5x
Thu, 31 Aug 2023UK£278.4bUK£635.4bUK£56.2b4.8x5x0.4x
Sat, 29 Jul 2023UK£284.1bUK£647.2bUK£63.0b4.6x4.5x0.4x
Mon, 26 Jun 2023UK£267.3bUK£672.3bUK£75.2b4.5x3.6x0.4x
Wed, 24 May 2023UK£284.8bUK£685.0bUK£76.9b4.8x3.7x0.4x
Fri, 21 Apr 2023UK£298.0bUK£676.1bUK£53.6b4.6x5.6x0.4x
Price to Earnings Ratio

5.6x


Total Market Cap: UK£298.0bTotal Earnings: UK£53.6bTotal Revenue: UK£676.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Energy Sector Price to Earnings3Y Average 16.1x202420252026
Current Industry PE
  • Investors are optimistic on the British Energy industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 22.9x which is higher than its 3-year average PE of 16.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.64x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 37% per year over the last three years,
  • Revenues have also declined 18% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the U.K. Energy sector?

GB Market1.71%
Energy-1.68%
Energy Services4.11%
Oil and Gas-1.70%
Industry PE
  • Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio of 15.4x.
    • Analysts are expecting annual earnings growth of 11.3%, which is higher than its past year's earnings decline of 13.1% per year.
  • Investors are most pessimistic about the Energy Services industry, which is trading below its 3-year average of 43.2x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings decline of 13% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 11% 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
DCC DCCUK£51.006.6%
+UK£269.9m		4.7%PE34x
SEPL Seplat EnergyUK£5.145.4%
+UK£159.0m		171.1%PE26x
ENOG EnergeanUK£8.743.7%
+UK£57.3m		6.4%PS1.3x
ITH Ithaca EnergyUK£2.571.2%
+UK£49.5m		88.7%PS1.9x
KIST Kistos HoldingsUK£2.7211.0%
+UK£22.4m		117.6%PS1.6x

Latest News

KIST
UK£2.72
Kistos Holdings
7D
11.0%
1Y
117.6%
HBR
UK£2.83
Harbour Energy
7D
-1.3%
1Y
84.4%
ENOG
UK£8.74
Energean
7D
3.7%
1Y
6.4%
SHEL
UK£34.71
Shell
7D
-2.0%
1Y
47.4%
HTG
UK£5.06
Hunting
7D
3.1%
1Y
98.4%

HTG: Future Guyana Orders And Capital Returns Will Balance Execution Risks

Analysts have lifted their price target for Hunting to £60 above the previous level, reflecting updated fair value estimates, refined discount rate assumptions, and adjustments to revenue growth, profit margin, and future P/E expectations following recent research such as the RBC Capital move. Analyst Commentary Bullish Takeaways Bullish analysts link the higher £60 price target to refreshed fair value work, suggesting the current share price still sits at a discount to their reassessed intrinsic value.
KAP
US$79.90
National Atomic Company Kazatomprom JSC
7D
-0.5%
1Y
154.1%
BP.
UK£5.79
BP
7D
-2.0%
1Y
69.8%
SEPL
UK£5.14
Seplat Energy
7D
5.4%
1Y
171.1%

SEPL: Future Gas Volumes Will Likely Fall Short Of Expectations

Analysts have trimmed their price target on Seplat Energy to £4.17, with the modest adjustment linked to small tweaks in projected revenue growth, profit margins and the future P/E assumption. What's in the News Heirs Energies and Heirs Holdings completed the purchase of a combined 20.07% stake in Seplat Energy from Etablissements Maurel & Prom for about US$490m, at US$4.11 (£3.05) per share, with up to US$10m of additional contingent consideration linked to share price performance over six months (Key Developments).
ITH
UK£2.57
Ithaca Energy
7D
1.2%
1Y
88.7%

ITH: Future Profit Pressures Will Limit Upside Despite Dividend Support

Analysts have trimmed their price target on Ithaca Energy to £1.70 from £1.80, citing a fair value estimate that now points to a smaller valuation gap, as well as updated assumptions for lower revenue growth, slightly lower profit margins, a higher future P/E multiple and a modestly reduced discount rate. Analyst Commentary Recent research highlights a more balanced stance on Ithaca Energy, with the revised £1.70 price target reflecting a view that the share price is now closer to analysts’ estimates of fair value.
GKP
UK£1.96
Gulf Keystone Petroleum
7D
-3.4%
1Y
28.8%

GKP: Higher Production Guidance And Dividend Stream Will Support Future Rerating

Analysts have nudged their price target for Gulf Keystone Petroleum slightly higher to £2.81 from £2.79, reflecting updated assumptions on revenue growth, profit margins and a modestly lower future P/E multiple in their models. What's in the News Gulf Keystone Petroleum declared a $12.5 million interim dividend in connection with its 2025 full year results, equal to $0.0575 per common share, with approval on 18 March 2026 and payment scheduled for 27 April 2026 (company announcement).
DCC
UK£51.00
DCC
7D
6.6%
1Y
4.7%

DCC: Cooler Sector Views And 2026 Guidance Will Shape A Cautious Outlook

Analysts have trimmed their price target on DCC to £57.50 from £61.50. This reflects more cautious views on European business services and chemical distribution, while still factoring in steady margin assumptions and a slightly lower forward P/E multiple.
SAVE
UK£0.072
Savannah Energy
7D
-6.5%
1Y
2.8%
QED
UK£0.032
Quadrise
7D
25.5%
1Y
-20.5%
GMS
UK£0.20
Gulf Marine Services
7D
7.2%
1Y
17.7%
YCA
UK£5.93
Yellow Cake
7D
-0.9%
1Y
40.7%
RKH
UK£0.85
Rockhopper Exploration
7D
-5.0%
1Y
113.8%