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U.K. (FTSE) Energy Sector Analysis

UpdatedMay 29, 2026
DataAggregated Company Financials
Companies65
  • 7D-4.4%
  • 3M3.4%
  • 1Y36.2%
  • YTD17.1%

Over the last 7 days, the Energy industry has dropped 4.4%, driven by a pullback from BP of 8.9%. Meanwhile, National Atomic Company Kazatomprom JSC actually outperformed within the industry, gaining 7.4% in the last week. This takes the industry's 12 month performance to a gain of 36%. Earnings are forecast to grow by 6.8% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 29 May 2026UK£279.2bUK£374.1bUK£16.8b17.5x16.6x0.7x
Sun, 26 Apr 2026UK£298.3bUK£369.4bUK£13.3b14.4x22.5x0.8x
Tue, 24 Mar 2026UK£295.1bUK£372.0bUK£13.3b11.5x22.2x0.8x
Thu, 19 Feb 2026UK£257.1bUK£355.8bUK£11.6b9.7x22.1x0.7x
Sat, 17 Jan 2026UK£241.5bUK£360.2bUK£10.4b9.6x23.1x0.7x
Mon, 15 Dec 2025UK£236.6bUK£360.7bUK£10.4b9.6x22.6x0.7x
Wed, 12 Nov 2025UK£259.8bUK£366.9bUK£10.5b10.7x24.8x0.7x
Fri, 10 Oct 2025UK£243.9bUK£360.8bUK£10.2b13x24x0.7x
Sun, 07 Sep 2025UK£233.6bUK£358.5bUK£11.1b11.3x21x0.7x
Tue, 05 Aug 2025UK£235.2bUK£361.9bUK£10.3b10.5x22.9x0.6x
Thu, 03 Jul 2025UK£229.1bUK£360.0bUK£8.3b9.4x27.6x0.6x
Sat, 31 May 2025UK£216.6bUK£364.3bUK£8.3b9.3x26x0.6x
Mon, 28 Apr 2025UK£219.1bUK£371.7bUK£11.7b8.4x18.7x0.6x
Wed, 26 Mar 2025UK£254.1bUK£382.4bUK£11.9b9.6x21.3x0.7x
Fri, 21 Feb 2025UK£250.8bUK£389.4bUK£12.8b8.9x19.6x0.6x
Sun, 19 Jan 2025UK£254.0bUK£420.3bUK£14.8b8.1x17.1x0.6x
Tue, 17 Dec 2024UK£227.7bUK£403.2bUK£14.2b8.5x16x0.6x
Thu, 14 Nov 2024UK£229.4bUK£403.3bUK£14.6b7.9x15.7x0.6x
Sat, 12 Oct 2024UK£236.7bUK£400.7bUK£19.9b8.5x11.9x0.6x
Mon, 09 Sep 2024UK£238.1bUK£398.6bUK£19.7b10x12.1x0.6x
Wed, 07 Aug 2024UK£253.4bUK£413.0bUK£21.5b11.6x11.8x0.6x
Fri, 05 Jul 2024UK£277.2bUK£411.5bUK£21.9b10.1x12.7x0.7x
Sun, 02 Jun 2024UK£273.5bUK£412.1bUK£22.0b11.8x12.4x0.7x
Tue, 30 Apr 2024UK£284.5bUK£435.9bUK£28.4b8.4x10x0.7x
Thu, 28 Mar 2024UK£262.4bUK£433.8bUK£27.8b7.6x9.4x0.6x
Sat, 24 Feb 2024UK£251.2bUK£433.8bUK£26.2b6.5x9.6x0.6x
Mon, 22 Jan 2024UK£263.3bUK£620.5bUK£62.4b4.1x4.2x0.4x
Wed, 20 Dec 2023UK£278.6bUK£618.9bUK£62.2b4.1x4.5x0.5x
Fri, 17 Nov 2023UK£288.8bUK£632.1bUK£63.2b4.7x4.6x0.5x
Sun, 15 Oct 2023UK£307.6bUK£659.2bUK£58.1b5.4x5.3x0.5x
Tue, 12 Sep 2023UK£290.6bUK£644.0bUK£57.1b4.6x5.1x0.5x
Thu, 10 Aug 2023UK£281.9bUK£637.9bUK£57.5b4.6x4.9x0.4x
Sat, 08 Jul 2023UK£265.5bUK£668.1bUK£74.7b4.2x3.6x0.4x
Mon, 05 Jun 2023UK£271.2bUK£683.3bUK£76.4b4.6x3.5x0.4x
Price to Earnings Ratio

3.5x


Total Market Cap: UK£271.2bTotal Earnings: UK£76.4bTotal Revenue: UK£683.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Energy Sector Price to Earnings3Y Average 16.7x202420252026
Current Industry PE
  • Investors are relatively neutral on the British Energy 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 16.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.65x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 40% 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 Market0.084%
Energy-4.45%
Energy Services-3.06%
Oil and Gas-4.45%
Industry PE
  • Investors are most optimistic about the Energy Services industry even though it's trading below its 3-year average PE ratio of 44.6x.
    • Analysts are expecting annual earnings growth of 25.2%, which is higher than its past year's earnings decline of 50.2% per year.
  • Investors are most pessimistic about the Oil and Gas industry, which is trading close to its 3-year average of 16.0x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings decline of 50% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 6.7% 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
KAP National Atomic Company Kazatomprom JSCUS$74.407.4%
+US$1.3b		97.6%PE17.1x
YCA Yellow CakeUK£5.780.9%
+UK£12.6m		18.5%PS361.7x
AEX AminexUK£0.02511.1%
+UK£11.2m		104.1%PS3064.3x
UPL Upland ResourcesUK£0.03110.7%
+UK£5.2m		158.3%PB8x
BOR Borders & Southern PetroleumUK£0.124.1%
+UK£4.0m		64.3%PB0.5x

Latest News

KAP
US$74.40
National Atomic Company Kazatomprom JSC
7D
7.4%
1Y
97.6%
SEPL
UK£5.57
Seplat Energy
7D
-6.4%
1Y
166.5%
Narrative Update • May 27

SEPL: Fair Value Will Likely Hinge On Gas Volumes And Margins

Analysts have lifted their fair value estimate for Seplat Energy from £4.11 to £5.63 per share, reflecting updated views on discount rates, revenue trends, profit margins, and future P/E assumptions following the recent £2.40 price target increase cited in Street research. Analyst Commentary Even with a higher fair value estimate and a £2.40 price target cited in recent research, some Bearish analysts retain a cautious stance on Seplat Energy.
SHEL
UK£31.42
Shell
7D
-3.0%
1Y
28.7%
ITH
UK£2.24
Ithaca Energy
7D
-12.7%
1Y
56.1%
BP.
UK£5.15
BP
7D
-8.9%
1Y
43.9%
ENOG
UK£7.95
Energean
7D
-7.6%
1Y
-11.7%
DCC
UK£58.90
DCC
7D
-3.8%
1Y
27.7%
SQZ
UK£2.56
Serica Energy
7D
-6.3%
1Y
67.2%
Narrative Update • May 20

SQZ: Medium Term Cash Flows And Asset Additions Will Support Balanced Returns

Analysts have lifted their price target on Serica Energy to £3.00 from £2.50, citing expectations for material free cash flow in 2026 and 2027 and adjusting assumptions around fair value, discount rate, profit margin and future P/E to reflect this outlook. Analyst Commentary Bullish Takeaways Bullish analysts highlight the reiterated £3.00 price target as consistent with expectations for "material" free cash flow in 2026 and 2027, which they see as supportive of current valuation assumptions.
AEX
UK£0.025
Aminex
7D
11.1%
1Y
104.1%
HBR
UK£2.65
Harbour Energy
7D
-7.7%
1Y
46.1%
Narrative Update • May 05

HBR: Weaker Revenue And Margin Outlook Will Pressure Future Share Returns

Harbour Energy's analyst price target has moved higher to reflect raised targets from several banks, including recent increases of £0.30 and £0.40. Analysts are balancing lower discount rate assumptions and a higher future P/E with more cautious views on revenue growth and profit margins.
GMS
UK£0.20
Gulf Marine Services
7D
1.6%
1Y
1.6%
UPL
UK£0.031
Upland Resources
7D
10.7%
1Y
158.3%
RKH
UK£0.79
Rockhopper Exploration
7D
0.4%
1Y
53.1%
BOR
UK£0.12
Borders & Southern Petroleum
7D
4.1%
1Y
64.3%
CASP
UK£0.023
Caspian Sunrise
7D
4.5%
1Y
-13.2%
YCA
UK£5.78
Yellow Cake
7D
0.9%
1Y
18.5%