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

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies65
  • 7D3.3%
  • 3M1.1%
  • 1Y-18.6%
  • YTDn/a

The Oil and Gas Exploration and Production industry is up 3.3% in the last week, with Harbour Energy up 8.2%. In contrast, the industry has lost 19% in the last 12 months. As for the next few years, earnings are expected to grow by 24% 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
Tue, 19 Mar 2024UK£10.3bUK£11.8bUK£324.6m6.2x31.7x0.9x
Thu, 15 Feb 2024UK£9.9bUK£12.8b-UK£526,834,420.434.4x-18.7x0.8x
Sat, 13 Jan 2024UK£11.0bUK£12.9b-UK£419,970,014.004x-26.3x0.9x
Mon, 11 Dec 2023UK£10.7bUK£13.2b-UK£427,187,665.004.1x-25.1x0.8x
Wed, 08 Nov 2023UK£10.8bUK£13.5b-UK£611,577,205.004.1x-17.6x0.8x
Fri, 06 Oct 2023UK£11.2bUK£13.6b-UK£605,897,395.004.2x-18.5x0.8x
Sun, 03 Sep 2023UK£11.8bUK£13.2b-UK£181,634,661.004.3x-65.1x0.9x
Tue, 01 Aug 2023UK£11.5bUK£12.7bUK£766.0m5.1x15x0.9x
Thu, 29 Jun 2023UK£10.5bUK£12.9bUK£826.0m5.1x12.7x0.8x
Sat, 27 May 2023UK£9.3bUK£12.3bUK£1.3b5.3x7.3x0.8x
Mon, 24 Apr 2023UK£12.4bUK£12.8bUK£2.1b4.9x5.8x1x
Wed, 22 Mar 2023UK£11.8bUK£12.5bUK£3.2b4.5x3.7x0.9x
Fri, 17 Feb 2023UK£11.4bUK£8.2bUK£3.3b4.8x3.5x1.4x
Sun, 15 Jan 2023UK£11.4bUK£8.0bUK£3.2b4.7x3.5x1.4x
Tue, 13 Dec 2022UK£11.5bUK£8.0bUK£3.1b4.6x3.7x1.4x
Thu, 10 Nov 2022UK£10.5bUK£6.2bUK£1.9b4.4x5.5x1.7x
Sat, 08 Oct 2022UK£11.2bUK£6.5bUK£2.0b5.1x5.6x1.7x
Mon, 05 Sep 2022UK£11.2bUK£5.1bUK£1.2b6.8x9.3x2.2x
Wed, 03 Aug 2022UK£14.9bUK£8.3bUK£799.4m8.2x18.7x1.8x
Fri, 01 Jul 2022UK£13.8bUK£8.2bUK£816.7m8.3x16.9x1.7x
Sun, 29 May 2022UK£15.1bUK£7.8bUK£695.2m8.7x21.7x1.9x
Tue, 26 Apr 2022UK£16.2bUK£7.7bUK£465.1m12.6x34.9x2.1x
Thu, 24 Mar 2022UK£15.7bUK£5.8b-UK£74,976,026.0015.2x-209.7x2.7x
Sat, 19 Feb 2022UK£13.2bUK£4.7b-UK£984,210,623.0015.8x-13.5x2.8x
Mon, 17 Jan 2022UK£80.6bUK£17.1bUK£3.2b14.1x24.9x4.7x
Wed, 15 Dec 2021UK£76.0bUK£17.5bUK£3.4b11.8x22.7x4.3x
Fri, 12 Nov 2021UK£87.9bUK£18.1bUK£3.5b12.3x25x4.9x
Sun, 10 Oct 2021UK£92.5bUK£16.3bUK£1.9b13.2x48.3x5.7x
Tue, 07 Sep 2021UK£91.1bUK£15.8bUK£1.5b11.9x61.6x5.8x
Thu, 05 Aug 2021UK£79.9bUK£15.8bUK£1.3b14x61.6x5.1x
Sun, 09 May 2021UK£65.4bUK£13.6bUK£284.6m18.5x229.9x4.8x
Price to Earnings Ratio

78x


Total Market Cap: UK£66.7bTotal Earnings: UK£854.7mTotal Revenue: UK£11.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Oil and Gas Exploration and Production Industry Price to Earnings3Y Average 25.6x202220232024
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 31.7x which is higher than its 3-year average PE of 25.6x.
  • The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 0.88x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Exploration and Production industry have declined 28% 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 Comparison

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

GB Market0.65%
Energy3.41%
Oil and Gas3.40%
Oil and Gas Exploration and Production3.32%
Oil and Gas Storage and Transportation7.69%
Integrated Oil and Gas3.41%
Coal and Fuels-3.03%
Oil and Gas Refining and Marketing-8.39%
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
HBR Harbour EnergyUK£2.748.3%
+UK£161.8m
11.2%PE84x
ITH Ithaca EnergyUK£1.393.1%
+UK£42.6m
-5.4%PS0.7x
G3E G3 ExplorationUK£0.28n/a
UK£43.9m
n/an/a
ENOG EnergeanUK£10.261.7%
+UK£31.2m
-4.6%PS2.4x
TLW Tullow OilUK£0.297.2%
+UK£28.5m
5.3%PS0.3x
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Latest News

TLW

UK£0.29

Tullow Oil

7D

7.2%

1Y

5.3%

SQZ

UK£1.82

Serica Energy

7D

3.6%

1Y

-12.3%

HBR

UK£2.74

Harbour Energy

7D

8.3%

1Y

11.2%

JOG

UK£1.54

Jersey Oil and Gas

7D

-4.1%

1Y

-13.5%

SEPL

UK£1.43

Seplat Energy

7D

-2.9%

1Y

34.5%

ENOG

UK£10.26

Energean

7D

1.7%

1Y

-4.6%

CASP

UK£0.023

Caspian Sunrise

7D

-4.2%

1Y

-63.5%

ENQ

UK£0.14

EnQuest

7D

9.1%

1Y

-20.5%

GKP

UK£1.10

Gulf Keystone Petroleum

7D

9.1%

1Y

-35.4%

PANR

UK£0.27

Pantheon Resources

7D

-2.4%

1Y

8.9%

PRD

UK£0.083

Predator Oil & Gas Holdings

7D

-5.2%

1Y

34.1%

UPL

UK£0.031

Upland Resources

7D

-4.6%

1Y

439.1%

PET

UK£0.019

Petrel Resources

7D

-24.0%

1Y

46.2%

G3E

UK£0.28

G3 Exploration

7D

n/a

1Y

n/a