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

U.K. (FTSE) Oil and Gas Exploration and Production Industry Analysis

UpdatedJul 12, 2026
DataAggregated Company Financials
Companies49
  • 7D0.5%
  • 3M-12.6%
  • 1Y28.8%
  • YTDn/a

Last week, the Oil and Gas Exploration and Production industry hasn't moved much but Energean is up 5.6% in that time. As for the the longer term, the industry is up 29% over the past 12 months. As for the next few years, earnings are expected to grow by 21% per annum.

Industry Valuation and Performance

Has the U.K. Oil and Gas Exploration and Production Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Jul 2026UK£15.1bUK£14.2bUK£58.3m19.3x259.1x1.1x
Tue, 09 Jun 2026UK£17.1bUK£14.3bUK£39.2m7.6x437.6x1.2x
Thu, 07 May 2026UK£17.4bUK£14.2b-UK£97,580,707.768.5x-178.5x1.2x
Sat, 04 Apr 2026UK£17.2bUK£14.6b-UK£120,086,530.887.6x-143.2x1.2x
Mon, 02 Mar 2026UK£16.8bUK£14.7b-UK£230,175,502.537x-73x1.1x
Wed, 28 Jan 2026UK£13.9bUK£14.3b-UK£192,079,064.727.7x-72.4x1x
Fri, 26 Dec 2025UK£12.6bUK£14.6b-UK£200,012,328.027.3x-62.8x0.9x
Sun, 23 Nov 2025UK£14.9bUK£15.9b-UK£321,141,449.587.1x-46.3x0.9x
Tue, 21 Oct 2025UK£14.1bUK£14.9b-UK£490,043,646.127.9x-28.7x0.9x
Thu, 18 Sep 2025UK£14.3bUK£14.5b-UK£437,409,080.548.3x-32.7x1x
Sat, 16 Aug 2025UK£14.5bUK£14.4b-UK£443,401,944.718.8x-32.7x1x
Mon, 14 Jul 2025UK£13.6bUK£11.5b-UK£118,108,305.017.6x-115.2x1.2x
Wed, 11 Jun 2025UK£13.1bUK£11.5b-UK£118,593,880.147x-110.1x1.1x
Fri, 09 May 2025UK£11.9bUK£11.5bUK£12.3m8.1x966.2x1x
Sun, 06 Apr 2025UK£11.7bUK£11.4bUK£14.0m7.8x834.2x1x
Tue, 04 Mar 2025UK£13.2bUK£9.4bUK£304.2m9.9x43.5x1.4x
Thu, 30 Jan 2025UK£12.3bUK£9.6bUK£311.4m8.5x39.4x1.3x
Sat, 28 Dec 2024UK£12.2bUK£9.7bUK£284.6m8.6x42.8x1.3x
Mon, 25 Nov 2024UK£12.7bUK£9.9bUK£298.6m8.9x42.4x1.3x
Wed, 23 Oct 2024UK£11.9bUK£9.6bUK£309.0m9.3x38.5x1.2x
Fri, 20 Sep 2024UK£10.9bUK£9.4bUK£409.9m8.4x26.6x1.2x
Sun, 18 Aug 2024UK£9.9bUK£9.9bUK£166.7m10.4x59.5x1x
Tue, 16 Jul 2024UK£10.6bUK£10.1bUK£548.6m9.4x19.3x1x
Thu, 13 Jun 2024UK£11.1bUK£10.4bUK£601.2m9.4x18.5x1.1x
Sat, 11 May 2024UK£11.1bUK£10.9bUK£767.5m8.7x14.4x1x
Mon, 08 Apr 2024UK£10.5bUK£11.2bUK£911.5m6.9x11.5x0.9x
Wed, 06 Mar 2024UK£10.2bUK£12.6b-UK£475,335,436.393.6x-21.5x0.8x
Fri, 02 Feb 2024UK£10.5bUK£12.9b-UK£419,940,794.004x-25x0.8x
Sun, 31 Dec 2023UK£11.4bUK£12.9b-UK£419,808,130.004x-27.1x0.9x
Tue, 28 Nov 2023UK£10.8bUK£13.1b-UK£421,016,159.004.1x-25.7x0.8x
Thu, 26 Oct 2023UK£10.9bUK£13.5b-UK£611,232,665.004.1x-17.9x0.8x
Sat, 23 Sep 2023UK£12.0bUK£13.5b-UK£511,898,538.004x-23.4x0.9x
Mon, 21 Aug 2023UK£10.7bUK£12.7bUK£638.3m4.6x16.8x0.8x
Wed, 19 Jul 2023UK£10.5bUK£12.6bUK£812.1m4.6x12.9x0.8x
Price to Earnings Ratio

12.9x


Total Market Cap: UK£10.5bTotal Earnings: UK£812.1mTotal Revenue: UK£12.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Oil and Gas Exploration and Production Industry Price to Earnings3Y Average -154.6x202420252026
Current Industry PE
  • Investors are optimistic on the British Oil and Gas Exploration and Production industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 259x which is higher than its 3-year average PE of -155x.
  • The industry is trading close to its 3-year average PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Exploration and Production industry have declined 58% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.3% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does U.K. Oil and Gas Exploration and Production compare with similar industries?

GB Market-1.66%
Energy3.94%
Oil and Gas3.95%
Oil and Gas Exploration and Production0.47%
Integrated Oil and Gas4.54%
Oil and Gas Refining and Marketing2.75%
Oil and Gas Storage and Transportation-0.73%
Coal and Fuels-1.21%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ENOG EnergeanUK£7.305.6%
+UK£72.0m		-20.4%PS1x
HBR Harbour EnergyUK£2.181.8%
+UK£69.2m		6.3%PS0.5x
SEPL Seplat EnergyUK£5.251.5%
+UK£48.0m		129.3%PE24.3x
ITH Ithaca EnergyUK£2.210.8%
+UK£29.7m		31.5%PE20.2x
SQZ Serica EnergyUK£2.201.7%
+UK£14.1m		28.8%PS1.9x

Latest News

GENL
UK£0.56
Genel Energy
7D
-3.5%
1Y
-11.4%
Narrative Update • Jul 10

GENL: Fair Outlook Balances Tawke Restart Progress With Execution And Security Risks

Analysts have lifted the implied price target for Genel Energy to reflect a higher fair value estimate of £0.60, supported by assumptions of stronger revenue growth, a much higher profit margin and a revised P/E multiple, similar to recent price target adjustments seen across other covered stocks. Analyst Commentary Recent Street research on industrial peer GEA Group offers some useful context for how analysts are thinking about valuation and risk that can also matter for sentiment toward Genel Energy.
SEPL
UK£5.25
Seplat Energy
7D
1.5%
1Y
129.3%
Narrative Update • Jul 09

SEPL: Revised Fair Value And Higher Future P/E Will Support Returns

Seplat Energy's analyst price target has edged up to £6.65 from £6.55, with analysts pointing to updated fair value estimates, a modest adjustment in discount rate assumptions, slightly different revenue growth and profit margin expectations, and a higher future P/E outlook as key drivers of the change. Analyst Commentary Recent Street research on Seplat Energy highlights a small uplift in the price target to £6.65, which signals that some bullish analysts see incremental upside based on their refreshed assumptions on valuation and execution.
ITH
UK£2.21
Ithaca Energy
7D
0.8%
1Y
31.5%
Narrative Update • Jul 09

ITH: Future Returns Will Depend On North Sea Acquisition Execution

Analysts have raised their price target on Ithaca Energy to £2.72 from £2.24, citing updated assumptions for revenue trends, profit margins and a lower projected future P/E multiple. Together, these factors are seen as providing more support for the stock at higher levels.
TLW
UK£0.12
Tullow Oil
7D
5.2%
1Y
-21.8%
Narrative Update • Jul 08

TLW: Lower Production And Compressed Margins Will Restrict Future Share Upside

Analysts have revised their fair value estimate for Tullow Oil from £0.01 to £0.05, citing updated assumptions on discount rates, revenue trends, profit margins and future P/E levels as the key drivers of the new price target. What's in the News for Tullow Oil Tullow Oil reported group working interest oil and gas production of 40.4 kboepd for the year ended 31 December 2025, compared with 51.5 kboepd in 2024.
SQZ
UK£2.20
Serica Energy
7D
1.7%
1Y
28.8%
Narrative Update • Jul 06

SQZ: Future Cash Flows And P/E Repricing Guide Fair Value Outlook

Analysts have raised their price target on Serica Energy to £3.65 from £3.50, citing updated assumptions around fair value, revenue, profit margins and future P/E as the basis for the change. What’s in the News for Serica Energy Serica Energy is holding an Analyst and Investor Day to discuss planned organic growth projects, giving investors more detail on future project plans and capital allocation priorities.
ZPHR
UK£0.035
Zephyr Energy
7D
-6.8%
1Y
16.9%
RKH
UK£0.71
Rockhopper Exploration
7D
-5.1%
1Y
14.2%
ENOG
UK£7.30
Energean
7D
5.6%
1Y
-20.4%
Narrative Update • Jul 02

ENOG: Angola Deal Uncertainty And Production Reset Will Shape Balanced Outlook

Analysts have reduced their fair value estimate for Energean from £7.80 to £6.80, pointing to updated assumptions for revenue growth, profit margins, discount rate and future P/E as the main drivers of the lower price target. What’s in the News for Energean Energean provided an update on its proposed acquisition from Chevron of a 31% operated interest in Block 14 and a 15.5% non operated interest in Block 14K, offshore Angola, after Chevron received notice that joint venture partner Etu Energias intends to exercise pre emption rights on the same or equivalent terms as the Energean sale and purchase agreement.
HBR
UK£2.18
Harbour Energy
7D
1.8%
1Y
6.3%
Narrative Update • Jul 01

HBR: Existing Cash Flows And Higher Margins Will Drive Future Returns

Harbour Energy's analyst price target has edged lower to about £3.18 from roughly £3.29 as analysts factor in a higher discount rate, a slightly more cautious revenue outlook, and recent target trims such as the move to £3.20 at Jefferies and £2.90 at JPMorgan, while still acknowledging modestly firmer margin and P/E assumptions. Analyst Commentary Recent commentary on Harbour Energy shows a split between analysts who see room for the stock to consolidate earlier gains and those who are more cautious about the company’s next phase of growth and execution.
KIST
UK£2.78
Kistos Holdings
7D
3.2%
1Y
61.8%
JSE
UK£0.28
Jadestone Energy
7D
-1.7%
1Y
40.0%
ENQ
UK£0.22
EnQuest
7D
-4.5%
1Y
69.5%
Narrative Update • Jun 29

ENQ: Gulf Conflict Pricing Support Will Likely Prove Unsustainable Over Time

EnQuest's analyst price targets have moved higher to £0.25 and £0.29, supported by stronger value arguments tied to commodity pricing and recent portfolio moves. This has prompted an upward revision in the fair value estimate to £0.21 and a higher assumed future P/E of 12.5x.
BOR
UK£0.13
Borders & Southern Petroleum
7D
-7.0%
1Y
81.4%
GKP
UK£1.71
Gulf Keystone Petroleum
7D
-1.5%
1Y
3.1%
Narrative Update • Jun 17

GKP: Rising Dividend Outlook Will Support Bullish Share Price Reassessment

Analysts have raised their price target on Gulf Keystone Petroleum, citing updated assumptions that include a fair value estimate of £2.55, a discount rate of 6.94%, revenue growth of 18.18%, a profit margin of 33.75% and a future P/E of 8.35x. What’s in the News for Gulf Keystone Petroleum Gulf Keystone Petroleum declared a US$12.5 million interim dividend in connection with its 2025 full year results, equal to US$0.0575 per common share.
PANR
UK£0.14
Pantheon Resources
7D
-5.5%
1Y
-39.7%
HE1
UK£0.0044
Helium One Global
7D
4.3%
1Y
-56.0%